Abu Dhabi / WAM Emirates Development Bank (EDB), one of the key financial engines for the economic development and industrial advancement of the UAE, announced its recognition for Best Micro Finance Bank in the Middle East by the 2022 Global Banking & Finance Awards. The Best Micro Finance Bank Middle East 2022 award falls under the Micro & SME ...

  Abu Dhabi / WAM Edge group entity, Jaheziya, a single-stop service provider for defence solutions and emergency response services, and Abu Dhabi Maritime Academy (Adma), a world-class maritime education and training institute, part of AD Ports group, announced on Monday they have signed a memorandum of understanding (MoU) to expand regional fire safety and maritime training programmes. As per ...

  Bloomberg British retailers are drumming up new credit offers to encourage shoppers to spend more during one of the most challenging Christmas periods for business in years. For the first time in a decade, department store John Lewis Partnership Plc, a favourite of middle-class Britons, has lowered the threshold for interest-free loans to £500 ($608) from £1,000. High Street ...

  Bloomberg L3Harris Technologies Inc has agreed to buy rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at about $4.7 billion. L3Harris will pay $58 per share in the all-cash transaction, which includes debt, the company said in a statement. The transaction price represents a 37% premium to what Aerojet cited in an investor document as its ...

  Bloomberg Woolworths Holdings Ltd. agreed to sell Australia’s oldest department store chain David Jones to Anchorage Capital Partners, ending an expensive misstep for the South African retailer. The deal will remove about 17 billion rand ($965 million) of liabilities related to the David Jones store portfolio, Woolworths said in a statement. Management expects to get more than the carrying ...

  Bloomberg Peru’s government is reopening some airports ahead of another attempt by congress to approve early elections to calm protesters and alleviate the country’s political crisis. The airport in Juliaca, in southern Peru, will resume operations while the airport in the south-central city of Ayacucho could resume operations on Tuesday, Transport Minister Paola Lazarte said in a tweet from ...

  Bloomberg German labour union Verdi called on Amazon.com Inc warehouse workers to go on strike across the country during the holiday season, seeking to press the company for higher pay and to join collective bargaining agreements. The timing and location of individual walkouts won’t be announced in advance, the union said in a statement. Amazon didn’t immediately respond to ...

  Bloomberg Electricite de France SA (EDF) extended maintenance halts at two nuclear reactors by four months and warned it may have to carry out lengthy repairs at seven others next year, further straining European power supplies. The world’s largest nuclear fleet has suffered prolonged shutdowns this year that have left Europe even more reliant on natural gas at a time ...

  Bloomberg The US is “not in the business” of aiding rival chip-producing countries, Ambassador to Japan Rahm Emanuel said, as the White House steps up efforts to deny China access to American technology. “It’s one thing if you’re going to have competition,” Emanuel said in an interview with Bloomberg Television. “The other thing is if you actually help the ...

Bloomberg Elon Musk, under fire for recent policy changes at Twitter Inc, is asking users whether he should step down as head of the social media site. With the poll set to end in New York, around 57% of the 16 million voters have said yes. The billionaire owner of Twitter and chief executive officer of Tesla Inc will abide ...