DUBAI / WAM Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) convened its third meeting to prepare for the upcoming inaugural edition of the Global Knowledge Index, following the directives of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation. The meeting was attended by an expert group associated with the …
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Bloomberg Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket. For 4.15 million yuan ($610,000), customers on the site owned by e-retailing giant Alibaba Group Holding Ltd. can bid for the debt of a steelmaker from Zhejiang, a …
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Bloomberg Clariant AG’s planned $6.4 billion takeover of Huntsman Corp. will make it a major player in China for commodity polyurethane chemicals, yet the Swiss company is also looking to exploit niche gaps in the market, including additives to allow plastic film recycling. “Private Chinese companies are growing the fastest as they have the strongest insight into the market needs, …
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Bloomberg The transatlantic trade deal US President Donald Trump is offering UK Prime Minister Theresa May will ultimately prove easy to promise and hard to deliver. That’s the warning of business leaders and trade analysts after Trump told May last week that the post-Brexit accord she hankers after can be lined up “very, very quickly.†The challenge for the UK …
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Bloomberg Siemens AG scrambled to reverse a transaction with a Russian partner to try to save face after gas turbines from one of the biggest German investors in Russia’s economy turned up in the annexed region of Crimea, flouting European Union sanctions. At least two of four turbines manufactured by Siemens for Technopromexport JSC for an electricity project in Taman, …
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Bloomberg More than a dozen automakers are jostling to lead the US electric-car race, but Bloomberg New Energy Finance sees a clear winner separating from the pack: Tesla Inc. The automaker led by Chief Executive Officer Elon Musk will emerge as “the stand-out†in total cumulative deliveries through 2021, reaching almost 709,000 vehicles, according to BNEF’s Long-Term Electric Vehicle Outlook. …
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DUBAI / Emirates Business The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – registering at 56.5, up from May’s seven-month low of 55.0. …
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ABU DHABI / WAM The Masdar Institute of Science and Technology has announced that its CubeSat development programme, MYSAT-1, has completed its critical design review (CDR) marking a key milest- one for the University’s space systems and technology programme. The programme has been designed with support from Al Yah Satellite Communications Company, Yahsat, and global aerospace manufacturer and defense industry …
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Bloomberg President Donald Trump’s eldest son met last year with a Russian woman who offered to provide potentially damaging information on Hillary Clinton, his father’s Democratic opponent in the 2016 election. The meeting took place in June 2016, after his father had secured the Republican presidential nomination, according to a statement Sunday from Donald Trump Jr. The younger Trump said …
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DUBAI / WAM Gulf Navigation Holding has posted a net profit of AED8.8 million ($2.4 million) in the first quarter, Q1, of 2017, an increase of 39 percent compared to AED6.3 million ($1.7 million) in the same period last year. The Dubai-based company, listed on the Dubai Financial Market under the ticker ‘GULFNAV’, said in an announcement that it has …
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