April, 2018

• 7 April

  DLD to take part in Government Achievements Exhibition

  Dubai / Emirates Business Dubai Land Department (DLD) announced that it will participate in the sixth edition of the ‘Dubai International Government Achievements Exhibition’ under the theme of ‘Government practices global achievements’. This year’s event will take place under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, ...

  Read More »
• 7 April

  Shurooq projects set to redefine UAE’s sustainable eco-friendly landscape

  

  Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq) has announced that two of its eco-luxury developments – the Kingfisher Lodge, part of the ‘Kalba Eco-tourism’ project, and the Fossil Rock Lodge, part of the second phase of the ‘Mleiha Archaeological and Eco-tourism’ project – are both nearing completion. Shurooq confirmed that the two luxury hospitality projects, which ...

  Read More »
• 7 April

  US-China tensions simmer but both say there is no trade war

  

  Bloomberg The US and China played down the prospect of a diplomatic breakthrough to resolve their escalating trade dispute as the White House considers what demands it will present to the Chinese. Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council, told Bloomberg TV. Treasury Secretary Steven Mnuchin, in a CNBC interview, ...

  Read More »
• 7 April

  Twin verdicts pave way for $4bn RCom-Jio deal

  

  Bloomberg A corporate court allowed lenders to proceed with selling some assets of Anil Ambani’s Reliance Communications Ltd. to Reliance Jio Infocomm Ltd., but ordered that the proceeds be held in an escrow account until it decides on a dispute with a minority shareholder. The latest decision marks a partial victory for RCom a day after India’s top court vacated ...

  Read More »
• 7 April

  Birla’s last-minute $1.1 billion bid entertained by lenders

  Bloomberg Binani Cement Ltd. lenders will entertain a local tycoon’s last-minute $1.1 billion bid for the insolvent Indian company, people with knowledge of the matter said. The committee of creditors decided at a meeting it would be willing to support the proposal, which would see Binani Cement sold to billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., according to the people. ...

  Read More »
• 7 April

  Philippines most at risk in Southeast Asia from China-US trade conflict

  Bloomberg The Philippines could be the most at risk in Southeast Asia from the worsening trade conflict between China and the US. About 16.9 percent of the Philippines’ shipments abroad are part of China’s value chain; goods that serve as inputs to China’s exports, according to RHB Bank Bhd. That compares with 11.4 percent for Malaysia and just 2.2 percent ...

  Read More »
• 7 April

  EU, Facebook planning high-level contacts in wake of data scandal

  

  Bloomberg Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data on most of the social network’s 2 billion users could have been accessed improperly. Justice Commissioner Vera Jourova is in touch with Facebook “to arrange for high-level contacts in the coming days,” her spokesman Christian Wigand told reporters at ...

  Read More »
• 7 April

  After $1 million drug flop, UniQure revives in gene therapy

  

  Bloomberg UniQure NV is getting a second chance. The Dutch biotech company is angling for a comeback in gene therapy after Glybera—its groundbreaking, $1 million treatment for a rare condition—fizzled in 2017. Now UniQure is shifting the technology to the more-promising market for hemophilia, its once-battered shares have rallied back, and the company may be a takeover target. Heightened attention ...

  Read More »
• 7 April

  Uber hires from YouGov, Acromas for its UK board

  

  Bloomberg Uber Technologies Inc is appointing two new independent non-executive directors to its UK board as it continues its bid to shore up its reputation in one of its major markets. Susan Hooper was previously head of the travel division at Acromas Group, while Roger Parry is non-executive chairman of software company Oxford Metrics and polling company YouGov Plc. The ...

  Read More »
• 7 April

  ‘EU can help settle US-China trade row’

  

  Bloomberg The European Union can help settle the burgeoning trade spat between the US and China, European Commission Vice Presidents Jyrki Katainen and Valdis Dombrovskis said. Rather than participate in the dispute, the EU can leverage its role as the world’s largest market to uphold the rules of international trade and push back against unilateral tariffs like the ones backed ...

  Read More »