Bloomberg Coty Inc, under pressure to turn its business around, is considering a sale of its professional hair and nail products unit that includes the brands Wella, Clairol and OPI. The shares surged the most in more than five months. The cosmetics company hired Credit Suisse to help it explore options for the professional business, which sells to salons and ...

Bloomberg Procter & Gamble (P&G) Co climbed after raising the high end of its full-year sales forecast and posting organic sales growth across all its divisions. Organic sales, which exclude things like acquisitions and currency fluctuations, rose 7% in its fiscal first quarter, topping the average of analysts’ projections for 4.8% growth. Revenue in fiscal 2020 will increase 3% to ...

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Industry, affirmed that UAE is a leading player in global energy sector. He attributed this to its role in finding creative solutions to the challenges of energy sustainability and the diversification of sources of energy, as well as the formulation of a new energy landscape for sustainability and conservation ...

ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statement for the nine months ending September 30. Consolidated revenues reached to AED38.8 billion, while consolidated net profit after Federal Royalty amounted to AED6.7 billion an increase of 2.1 percent compared to same period last year. Aggregate subscriber base reached AED148 million; representing year over year (y-o-y), rise ...

Bloomberg Design flaws in Boeing Co.’s 737 Max, a failure to share vital information with pilots and airline maintenance stumbles contributed to last year’s crash of Lion Air Flight 610, which killed 189 people, investigators have concluded. In a nine-point presentation to victims’ families prior to the Friday release of a formal crash report, the Indonesian National Transportation Safety Committee ...

DUBAI / WAM Nasdaq Dubai welcomed the listing of a $750 million issued by the Emirate of Sharjah on Wednesday. It is the second sukuk listing this year on Nasdaq Dubai by Sharjah, following a one $1 billion listing in April, said a press release issued by Nasdaq Dubai on Wednesday. The total value of all the Emirate’s Sukuk listed ...

DUBAI / WAM The Ministry of Climate Change and Environment (MoCCAE), is gearing up to host the UAE Fourth Biosecurity Conference, which will see the participation of biosecurity experts from the United States, Canada, the Netherlands, the United Kingdom, Sweden, Sudan, Japan, and Australia, in addition to local specialists and stakeholders from the government and academia. Scheduled to take place ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has been named as Gulf Cooperation Council’s (GCC) Best Employer Brand at the 6th Employer Branding Awards organised by Employer Branding Institute at The Address, Dubai Mall. The economic zone was chosen by the awards programme for its success in using marketing communications to strategically attract, retain and ...

DUBAI / WAM Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, on Wednesday announced the opening of its 131st service station in Dubai in Al Warqa’a. The service station will serve the customers living within the vicinity of Al Warqa’a, and will include a number of retail offerings, including ZOOM, Pronto, and a drive-thru Popeyes. Saif Humaid ...

Ajman / Emirates Business Ajman Free Zone announced that it has been named as the winner of the highly coveted Modama Awards 2019 in the “Most Committed Entity” category. The accolade was received by Fatma Salem, Acting Director General of Ajman Free Zone of Ajman Free Zone. The Most Committed Entity category award is presented in recognition of Ajman Free ...