September, 2016

• 7 September

  Canada’s Aritzia to raise $234mn in Toronto IPO

  

    Bloomberg Aritzia LP, the Canadian women’s fashion retailer, aims to raise about C$300 million ($234 million) from its initial public offering, in what would be the country’s largest IPO since the C$1.83 billion sale of electric utility Hydro One Ltd. in October. Aritzia shareholders Berkshire Partners and company founder Brian Hill plan to sell 20 million subordinate voting shares ...

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• 7 September

  Experts discuss way out for UAE’s cooling bill

    Dubai / Emirates Business Sustainability and construction experts have said that a new approach to traditional architecture designs, intelligent products, climate-tailored building designs, and 3D technology are optimal solutions for tackling the UAE’s cooling bill. The carbon footprint of the Emirates will be one of the core topics discussed at the upcoming Middle East Façades Summit, taking place on ...

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• 7 September

  Dubai Property Show to return to Mumbai

  

    Dubai / Emirates Business Geared by the successful Mumbai exhibition last year that raked in approximately AED 400 million into Dubai real estate and attracted almost 6000 visitors, Dubai Property Show is all set to return to the Indian metropolis this year in December. The realty expo is being organised by Sumansa Exhibitions in partnership with Dubai Land Department. ...

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• 7 September

  du launches new ‘happy home’ offers

    Abu Dhabi / Emirates Business As part of its efforts to place customers at the heart of its business, du has launched a new ‘Happy Home offer that delivers value-added deals and promises great savings. The special offers cater to new and existing customers who subscribe to du’s new Internet, TV and Home phone plans. Benefits include two months ...

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• 7 September

  Ajman gears up to welcome Eid visitors

  

    Ajman /Emirates Business Hotels and hotel apartments in Ajman are all set to welcome visitors to the emirate during the Eid Al Adha holiday. Majority of the establishments have reported 80% occupancy but expecting to reach full occupancy this week from last-minute bookings after the announcement that the public sector would enjoy a week-long Eid holiday and three days ...

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• 7 September

  Joyalukkas adds extra spark to Eid fiesta

    Abu Dhabi / Emirates Business It’s a great time to give your loved ones something special for Eid Al-Adha from Joyalukkas. The world’s favourite jeweller is giving away FREE GOLD COINS on purchase and an exclusive old gold jewellery exchange offer in time for the festivities. “At Joyalukkas, everything we do is aimed at enhancing customers’ lifestyles. So from ...

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• 7 September

  Danaher strikes $4bn Cepheid deal

  

    Reuters Danaher Corp said it would buy medical diagnostics company Cepheid in a deal valued at $4 billion, including debt, that will strengthen its presence in molecular diagnostics. Danaher, which develops technology for the dental, life sciences, diagnostics and environmental industries, spun off its industrial division in July to focus on science and technology. Piper Jaffray analysts said the ...

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• 7 September

  Norway’s sovereign fund bars US group over pollution

    AFP Norway’s sovereign wealth fund, the world’s biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing “unacceptable” environmental damage, Norway’s central bank said on Wednesday. The fund, which is worth around $900 billion has sold its stakes in the companies in line with a recommendation from its Ethics Council in April. The Council ...

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• 7 September

  Hammond seeks to keep UK a ‘great place’ for banks post-Brexit

  

    Bloomberg UK Chancellor of the Exchequer Philip Hammond said he understands the risks posed to Britain’s financial industry by the vote to leave the European Union and the importance of limiting the fallout on banks. ”It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to ...

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• 7 September

  VW may build electric cars in China

  

    AFP German auto giant Volkswagen (VW) and China’s Anhui Jianghuai Automobile are in talks to build electric cars together, the firms announced Wednesday, the latest possible tie-up in a burgeoning Chinese market for clean-energy vehicles. Volkswagen said the two carmakers had signed a memorandum of understanding at its Wolfsburg headquarters to explore the possibility of a joint venture focussed on ...

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