April, 2019

• 2 April

  New UAE ambassadors sworn-in before Mohammed

  

  Abu Dhabi / WAM A number of new UAE Ambassadors to brotherly and friendly countries were sworn in on Tuesday before His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the Presidential Palace in Abu Dhabi. The ceremony was attended by Dr Amal Abdullah Al Qubaisi, Speaker of Federal ...

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• 2 April

  Mansour inaugurates Future Blockchain Summit in Dubai

  

  Dubai / WAM His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum opened on Tuesday Dubai’s Future Blockchain Summit,the region’s most influential event dedicated to the growing online ledger. The second annual event, which is being hosted by the Smart Dubai Office in partnership with the Dubai World Trade Centre, will host the region’s largest gathering of blockchain experts, ...

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• 2 April

  5-day ‘watch and jewellery show’ opens in Sharjah

  

  SHARJAH / WAM The 46th Watch & Jewellery Middle East Show was inaugurated on Tuesday by Sheikh Salem Bin Abdul Rahman Al Qasimi, Chairman of the office of His Highness the Ruler of Sharjah, in the presence of senior government officials, SCCI board members, diplomats, jewellery executives and industry representatives. Held under the patronage of HH Dr Sheikh Sultan bin ...

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• 2 April

  Khalifa Fund showcases three innovative agri projects at GFIA

  

  ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), participated in the sixth edition of the Global Forum for Innovations in Agriculture (GFIA) and showcased three innovative agricultural projects it supports as part of its endeavours to assist Emirati entrepreneurs, promote innovation and creativity, and help enhance the competitiveness of small and medium-sized enterprises (SMEs), across the different ...

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• 2 April

  Foxconn close to trial output of newest iPhones in India

  

  Bloomberg Foxconn Technology Group is within weeks of starting trial production of the latest iPhones in India as Apple Inc seeks to revive its fortunes in the country, people familiar with the matter said. The trial run of the iPhone X range of devices would come before Foxconn starts full-scale assembly at its factory outside the southern city of Chennai, ...

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• 2 April

  Thyssenkrupp, Tata offer selling ‘assets’

  

  Bloomberg Thyssenkrupp AG and Tata Steel Ltd have offered to sell assets in Belgium, Spain and the UK to win antitrust approval for a European steel joint venture, according to a person familiar with the matter. The two companies proposed divesting two automotive steel plants in Spain and Belgium to meet demands by European regulators, said the person, who asked ...

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• 2 April

  Goldman-backed Chinese online pet store plans IPO

  Bloomberg Boqii Co, a Chinese online pet shop backed by Goldman Sachs Group Inc, is planning an initial public offering that could raise at least $100 million, according to people with knowledge of the matter. The sale could happen this year, the people said, asking not to be identified. The Shanghai-based e-commerce startup is considering selling shares in Hong Kong ...

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• 2 April

  Tencent plans Asia’s biggest dollar bond in 2019

  Bloomberg Tencent Holdings Ltd is planning to raise around $5 billion through a dollar bond sale on Wednesday, according to people familiar with the matter. China’s social media leader received an issuance quota of $6 billion from China’s National Development and Reform Commission, people who aren’t authorised to speak publicly and asked not to be identified said. Once priced this ...

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• 2 April

  Made-in-China reactor gains favour at home, US tech falters

  

  Bloomberg China’s homegrown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs. China’s reactor, known as the Hualong One, will be faster and easier to repair and maintain than competing foreign designs because it will ...

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• 2 April

  Malaysia’s IHH loses $800 million in value

  Bloomberg The troubles are adding up for IHH Healthcare Bhd, wiping almost $800 million from its market value over three days. A whipsawing Turkish lira, a major shareholder cutting its stake, and continued uncertainty over a plan to buy Fortis Healthcare Ltd have led IHH to fall 6.6 percent over three days while the benchmark index was largely flat. IHH ...

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