Dubai / Emirates Business According to Mercer’s 2017 Cost of Living Survey, Dubai and Abu Dhabi are the second and third most expensive Middle Eastern cities for expatriate cost of living. The global ranking sees Dubai climbing one place from last year to become the 20th most expensive city in the world, with Abu Dhabi just behind in 23rd place ...

Abu Dhabi / WAM The National Media Council (NMC), announced the formation of the ‘Youth Media Council’, aimed at boosting participation of young media professionals in the mainstream media of the country. “The launch of the Youth Media Council is a testament to the firm belief in youth’s capabilities by boosting their participation in this dynamic field, and providing them ...

Sharjah / WAM In a move aimed at enhancing cooperation and sharing expertise with the businesswomen’s community in the UAE and beyond, Sharjah Business Women Council (SBWC), a subsidiary of NAMA Women Advancement Establishment, has granted ‘Joyoon’ membership to 14 Egyptian female entrepreneurs. The invitation to become members of the scheme was sent to recent graduates of the ‘Ana Raeda’ ...

Dubai / WAM Dubai Culture and Arts Authority, known as Dubai Culture, the emirate’s dedicated entity for culture, arts and heritage, announced details of workshops which will be held in July as part of the Dubai Festival for Youth Theatre 2017, including three that will be hosted from July 2-23 in collaboration with the Higher Institute of Theatrical Arts in ...

Bloomberg Toshiba Corp. picked a group led by Bain Capital and Japanese investors as the preferred bidders for its memory chip business, bringing much needed cash into the Japanese company to make up for losses in its nuclear operations. The parties are aiming to reach final agreement by June 28 and close the transaction by March, Toshiba said in a ...

Bloomberg Tencent Holdings Ltd. is best known for super-app WeChat and its relentless pace of startup investment. Now the Chinese social media giant is looking beyond Earth-bound opportunities. China’s largest corporation has invested in Moon Express, a startup that aims to put drones on the lunar body; Argentina’s Satellogic, which specializes in satellite imagery; and Planetary Resources, which is looking ...

Bloomberg China Hongqiao Group Ltd., the nation’s biggest aluminum smelter, is curtailing outdated capacity amid a broader crackdown by the government on illegal production. Shares of aluminum makers gained in China. The company, the main aluminum arm of Shandong Weiqiao Pioneering Group Co., declined to give the scale or timing of the reduction in an emailed statement. Two people with ...

Bloomberg Wang Shi, who built China Vanke Co. into the country’s biggest developer after founding it 33 years ago, stepped down as chairman after an ownership tussle that ended with a state entity becoming its biggest investor. The exit of the 66-year-old Wang comes after metro line builder Shenzhen Metro Group Co. emerged as a white knight last year and ...

Bloomberg China hit back at US President Donald Trump on Wednesday, saying its efforts on North Korea have been “indispensable.” China has “played an important and constructive role” in seeking peace on the Korean peninsula, Foreign Ministry spokesman Geng Shuang told reporters in Beijing. China strictly implements United Nations Security Council resolutions and isn’t the crux of the North Korean ...

Bloomberg Republican Karen Handel defeated a well-funded opponent in a special election for a U.S. House seat in Georgia, a setback for Democrats who hoped President Donald Trump’s low approval ratings would help them win congressional races. Handel, 55, won in a suburban Atlanta district held by the GOP since 1979 despite raising far less money than Democrat Jon Ossoff, ...