Bloomberg When global banking regulators met in secret in a London conference room to try to clinch a deal on capital rules, European industry lobbyists were nowhere in sight. They didn’t have to be. European Union officials at the meeting in December doubled down on their call to soften rules pushed by the U.S., concerned they would penalize the ...

  Bloomberg Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The US chipmaker will pay $63.54 per share in cash for Jerusalem-based Mobileye, which makes chips for cameras and driver-assistance features. The offer, the largest ever ...

  Bloomberg Samsung Electronics Co. isn’t letting the arrest of de facto head Jay Y. Lee stop it from considering strategic moves, with the technology giant continuing to evaluate a potential holding company structure. The idea was first announced in November after pressure from activist investor Paul Elliott Singer for changes at the world’s biggest maker of smartphones and TVs. ...

  Dubai / Emirates Business Intel Security, in partnership with the Center for Strategic and International Studies (CSIS), released “Tilting the Playing Field: How Misaligned Incentives Work Against Cybersecurity,” a global report and survey revealing three categories of misaligned incentives: corporate structures versus the free flow of criminal enterprises; strategy versus implementation; and senior executives versus those in implementation roles. ...

  Dubai / Emirates Business Mergers & acquisitions (M&A) in renewables sector picked up in 2016 across the Middle East and Africa after a long period of slow activity, according to EY report ‘Power transactions and trends: 2016 review and 2017 outlook’. Greenfield activities continue to dominate power and utility transactions in the region, attracting $8.7 billion investment last year ...

  ABU DHABI / WAM The Abu Dhabi Urban Planning Council (UPC) approved several projects for the fourth quarter of 2016/17 Development Plan, including a range of important commercial, residential and tourism projects in the UAE capital, Abu Dhabi. As many as 24 development projects were approved for the fourth quarter, showing an 18 percent increase compared to the third ...

  Abu Dhabi / WAM UAE citizens are proving every day that they are loyal, faithful and united in the service and glory of their homeland, affirmed His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, during a meeting with the board members of the Nation Fund and ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (EMPOWER) has revealed that the number of buildings using its district cooling services across the Emirate of Dubai reached 920 in 2016, an increase of 13.6 percent Year on Year (YoY) 2015. According to Empower, there are many reasons behind this increase; one of which is the increase in new projects using ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has been invited by the Global Reporting Initiative (GRI) to be part of the Standards Pioneers programme, which brings together the leading global organisations in sustainability, to be among only 100 organisations from around the world to implement GRI’s new international standards before it becomes obligatory by the end ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held an official discussion on Monday with HRH Prince Salman bin Hamad Al Khalifa, Crown Prince of Bahrain, Deputy Supreme Commander and the First Deputy for the Prime Minister, where they discussed the bilateral ...