Bloomberg Toys “R” Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business including a potential initial public offering, people with knowledge of the matter said. The US chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of ...

Bloomberg Alphabet Inc.’s Project Wing is taking the next step to deliver items to people’s homes via drone, beginning a demonstration project this week in Australia with a Mexican food chain and a pharmacy company. Small drones will begin delivering actual purchases to backyards in rural areas, James Ryan Burgess, co-lead of Project Wing, said in a blog post. Alphabet’s ...

Bloomberg When it comes to UK retailing, investors and consumers have one thing in common: Both are putting an emphasis on value. Stocks from budget homewares seller B&M European Value Retail SA to sausage-roll purveyor Greggs Plc are having a stellar year, with gains being driven by shoppers’ desire for a bargain or an affordable treat. Their advance contrasts with ...

Bloomberg Ryanair Holdings Plc’s efforts to calm disgruntled pilots were dealt a blow after crew at London Stansted Airport turned down a wage increase that was meant as a peace offering, people familiar with the matter said. At a meeting, the majority of flight crew at the budget carrier’s biggest base voted against a deal from Chief Executive Officer Michael ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, announced the UAE Strategy for Artificial Intelligence (AI), a major initiative within the UAE Centennial 2070 objectives. This is the first such strategy of its kind in the region and the entire world to promote government performance and ...

MUMBAI / WAM The National Investment and Infrastructure Fund (NIIF), of India signed an investment agreement worth $1 billion with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the comprehensive partnership agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF’s ...

DUBAI / Reuters Dubai Aerospace Enterprise (DAE) intends to tap the Islamic bond market within the next nine months as part of a strategy to diversify the company’s funding, its chief executive said on Monday. The Dubai government-controlled company became one of the world’s largest aircraft lessors in August after acquiring Dublin-based AWAS. DAE Chief Executive Firoz Tarapore said that ...

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) has raised $315 million in a triple tranche ‘Kangaroo’ bond issuance, the bank said in a statement. Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars. Australia and New Zealand Banking Group Ltd (ANZ) and Nomura International Plc acted as joint lead managers for the ...

ABU DHABI / Emirates Business IBS Software (IBS) has been selected by Etihad Airways for implementing its award winning cargo management solution, iCargo. The multi-million dollar, multi-year contract was signed in Abu Dhabi. The engagement will see iCargo system manage the airline’s air cargo sales and operations worldwide, automating its network-wide booking, pricing and capacity management functions with real-time revenue ...

DUBAI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Law No. 09 of 2017 regulating the handling, trading, marketing and circulation of veterinary products considering its direct impact on animal and public health, as well as the environment at large. The move emphasises the critical role of veterinary medicines and related products in animal ...