Bloomberg MTN Group Ltd. started a 9.9 billion rand ($727 million) economic empowerment plan that will boost black ownership of the South African unit to more than 30 percent and enable Africa’s biggest mobile operator to bid for high-speed internet spectrum. Stock will be issued through empowerment vehicle MTN Zakhele Futhi to qualifying black employees at 102.80 rand each, ...

  Bloomberg Alimentation Couche-Tard Inc. agreed to buy the gas-station chain CST Brands Inc. for about $3.67 billion, using its biggest-ever acquisition to expand its foothold in Texas and eastern Canada. Couche-Tard will pay $48.53 a share in cash for CST, according to a statement Monday. The offer — valued at about $4.4 billion including debt — represents a 42 ...

  Emirates Business British Airways is offering students and teachers travelling overseas for the new school term up to 10 percent discount on advertised fares, one additional piece of checked baggage and flexibility on date changes to ticket bookings. The benefits are currently available for all students and teachers flying in World Traveller with British Airways from the United Arab ...

  Bloomberg Teleperformance SA, a French call-center operator, is adding online phone and video translation by acquiring LanguageLine Solutions LLC for $1.52 billion from a U.S. private-equity firm. Paris-based Teleperformance, which has customers in industries including health care, insurance, banking and retail, said in a statement Monday it’s buying LanguageLine of Monterey, California, from Abry Partners and other investors in ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has highlighted the attractive investment environment that the UAE and Abu Dhabi offer during its participation at the China Investment Conference 2016, which recently concluded in Shanghai. The conference’s agenda included the discussion of the Chinese Silk Road Economic Belt Initiative and the UAE’s role in its implementation as well ...

  Abu Dhabi / WAM The National Archives and the British National Archives have signed a Memorandum of Understanding (MoU) to coordinate the translation of important historical documents, including digitising and making them available to decision-makers and researchers, as well as using the documents in preparation of the nation’s curricula at various educational stages. The cooperation is in line with the ...

  Dubai / Emirates Business Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been named as the ‘Preferred Remittance Centre of the Year’ at The Filipino Times (TFT) Awards 2016. TFT Awards aims to recognize the most influential brands amongst the Filipino community as well as acknowledge the brands that Filipinos love the most. Husam ...

  Dubai / Emirates Business Abu Dhabi Airports has installed a new Automated Tray Return System (ATRS) to speed up the process of hand luggage screening at Terminal 3 in Abu Dhabi International Airport (AUH). The new system allows for the processing of more than four times the number of baggage that conventional screening lanes do, reducing screening wait times ...

  Dubai / WAM Passenger traffic at Dubai World Central (DWC) increased by more than 95 per cent in the first half of 2016, according to a report issued by Dubai Airports. The first six months of the year saw passenger traffic reach 410,278, up 95.4 per cent compared to 209,989 passengers recorded during the corresponding period in 2015. Passenger traffic ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), has announced that September 29 would be the deadline to receive entries for the Sharjah Economic Excellence Network (ShjSEEN) Award, which is aimed at spreading the culture of quality and excellence among the private sector various bodies and implementing the practices which contribute in setting comprehensive quality standards and ...