Bloomberg New York’s financial regulator has issued subpoenas to two companies with ties to Apollo Global Management LLC as part of an inquiry into housing transactions for low-income buyers. The New York State Department of Financial Services subpoenaed ARM Manager LLC, an indirect Apollo subsidiary, and the real estate investment trust it manages, Apollo Residential Mortgage Inc., asking for ...

  Bloomberg Investors looking for a break from the doom and gloom of the past two years in the oil market need only turn to a hot, noisy lot in Mumbai. There on a recent Saturday, a tall, cricket-loving, 34-year-old engineer named Anil Gaikwad took part in a rite of passage that for nearly a century has helped define entry ...

  Bloomberg As entrepreneurs around the world founded technology startups in the past few years to deliver food to diners’ doors, perhaps no market grew quite as riotously as India. Customers could order entrees, main dishes and desserts from different startups, none of which required a minimum order. Discounts were plentiful and delivery was free. Now the all-you-can-eat buffet is ...

  Sunaina Rana / Emirates Business LG’s innovative technologies, unique products, and cutting-edge designs are an investment in the future. With 2014 global sales of US$55.91 billion, LG comprises four business units — home entertainment, mobile communications, home appliance and air solution, and vehicle components. This is one of the world’s leading producers of flat panel TVs, mobile devices, air ...

  Our Correspondent / EMIRATES BUSINESS ZO Skin Health Inc develops and delivers innovative skincare solutions that optimise skin health around the globe. Utilising cutting-edge science and Dr Zein Obagi’s extensive clinical experience creating treatments and regimens for healthy skin, ZO Skin Health, Inc provides comprehensive skincare programs for physicians and their patients. Committed to advancing effective treatments for healthy ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation reinitiated the Midday Break Decree for the 12th consecutive year, preventing any sort of duty under direct sunlight between 12:30 – 15:00 for three months from June 15 to September 16. Saqr bin Ghubash Saeed Ghubash, Minister of Human Resources and Emiratisation, said that the Decree is based on ...

  Dubai / Emirates Business The Emirates National Oil Company (ENOC) received three prestigious awards during the annual Chartered Institute of Procurement & Supply (CIPS) Supply Management Awards held at The Address Dubai Marina recently. ENOC was recognised as the “Overall Winner” for 2016 in addition to two team categories called “Best People Development” and “Best Supplier Relationship Management”.

  SHARJAH / WAM The Business Excellence Department at the Department of Economic Development(DED) Dubai, in collaboration with the Sharjah Islamic Bank Academy(SIBA), is gearing up to organise the fifth edition of the Visions to Reality conference, at the Dubai World Trade Centre on May 24. Held under the theme, “Success Stories”, the conference will also commemorate the UAE’s ‘Year ...

  HONG KONG / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and his accompanying delegation, on Wednesday participated in the opening of the Belt and Road Summit, being held at the Hong Kong Convention and Exhibitions Centre. The two-day event is expected to attract at least 2,000 investors, service providers, project owners and operators from ASEAN countries and ...

  DUBAI / WAM The UAE is constantly looking out for new partnerships in all fields to explore the future strategic sectors, Adel Ahmad Al Redha, Executive Vice President and Chief Operations Officer of Emirates and member of the Board of Trustees of the Dubai Future Foundation, said. He added that the UAE’s aviation industry represents the largest airlines in ...