December, 2019

• 29 December

  Gateway Casinos plans listing in $1.1b deal with Leisure

  

  Bloomberg Gateway Casinos & Entertainment Ltd, one of Canada’s largest gaming companies, has agreed to a deal that will create a new firm valued at about $1.1 billion. Gateway said that Leisure Acquisition Corp, a special purpose company created to make acquisitions, will merge into a new unit of GTWY Holdings, Gateway’s parent. GTWY shares are expected to be listed ...

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• 29 December

  Enoc wins Golden Peacock Award for sustainability

  

  DUBAI / WAM Enoc Group announced that it has been awarded the Golden Peacock Award for Sustainability for the third year in a row. Among 228 global applicants, the Group was recognised for its commitment to improving sustainability standards. Since 2014, Enoc Group has reduced its emission intensity by about 24% and water intensity by about 17% in its manufacturing ...

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• 29 December

  EGA completes first industrial technology export project

  

  ABU DHABI / WAM Emirates Global Aluminium (EGA) on Sunday announced the completion of its historic project to export UAE-developed industrial technology, with the conclusion of performance guarantee tests at Aluminium Bahrain B.S.C. (Alba). EGA won a competitive international tender in 2016 to supply its aluminium smelting technology to Alba for a major expansion project (Line 6 Expansion Project), in ...

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• 29 December

  Renew PO Box before Feb 29: Emirates Post

  

  DUBAI / WAM Emirates Post has announced that customers can renew their PO Box subscriptions starting Sunday and encourages them to do so before February 29, 2020. Customers can renew their PO Box at any Emirates Post Customer Happiness Centre, via the website www.epg.gov.ae or the EPG Mobile Services app. Customers have the opportunity as from now to subscribe for ...

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• 29 December

  Abu Dhabi Ports gets Innovative Organisation Level 3 Certification

  

  ABU DHABI / Emirates Business Abu Dhabi Ports has been awarded with the prestigious Innovative Organisation Level 3 Certification by Global Innovation Management Institute (GIMI). The certification was conferred by the Boston-based think tank during its annual conference, which took place in Colombia in November 2019. The recognition demonstrates the value of initiatives such as Abu Dhabi Ports’ highly successful ...

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• 29 December

  Bayt.com revamps job seeking app

  Dubai / Emirates Business Bayt.com, the Middle East’s leading career site, has launched a new and improved version of its mobile application for job seekers, available on iOS and Android for free. This all-mobile experience offers a fresh and modern design and interactive features in Arabic and English to make the job seeking process faster and more seamless. Bayt.com’s easy-to-use ...

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• 29 December

  Khalifa Fund to support SMEs at ‘Liwa festival’

  

  ABU DHABI / WAM The Khalifa Fund for Enterprise Development announced a range of hospitality and food and beverage start-ups which will participate in the Liwa International Festival – Moreeb Dune, between December 26 and January 10. Through supporting start-ups participating in the festival, Khalifa Fund seeks to promote entrepreneurial presence in social, entertainment and commercial activities, seeking to grow ...

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• 29 December

  Chicago gets vacation from winter through Monday

  

  Bloomberg A powerful winter storm bringing snow and ice across the Great Plains and upper Midwest promises to disrupt travel this weekend and bring a reminder of the season’s fiercest qualities — except in Chicago. Winter seems to be on vacation in the Windy City, and balmy conditions will continue, when temperatures are set to reach 61 degrees Fahrenheit (16 ...

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• 29 December

  Pension funds with $680 billion finally find their missing link

  

  Bloomberg In Denmark, where institutional investors have been living with negative interest rates longer than anyone else, the authorities just took a big step. Danish pension funds, the world’s best managed along with their Dutch peers, will finally get a 30-year government bond. When it starts trading next year, funds managing a total of $680 billion in assets will get ...

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• 29 December

  At $30 billion, Norway’s other wealth fund is simply too big

  

  Bloomberg Norway’s domestic wealth fund has become so big that it’s looking for ways to get rid of excess cash by proposing some key changes to its investment model. The Government Pension Fund Norway is the domestic counterpart of the country’s better-known sovereign wealth fund, the world’s largest of its kind with $1.1 trillion in assets. Unlike its bigger sibling, ...

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