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ABU DHABI / Emirates Business Digitalisation is the number-one trend driving CEO decision-making in the global oil and gas sector. According to recent research by international consulting firm, McKinsey, a range of interconnected emerging technologies have the power to unlock a potential $50 billion in savings and increased profit. Encompassing fields such as artificial intelligence (AI), blockchain, robotics, sensor technology, ...

DUBAI / WAM Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has won the Frost & Sullivan 2018 Award for the Best Emerging GCC Pharma Company. The awards programme, now in its fourth year, is based on Frost & Sullivan’s research on best practices in growth, innovation and leadership and honours best-in-class innovators and disruptors ...

Bloomberg Hyundai Motor Group bowed to pressure from billionaire Paul Singer’s Elliott Management Corp. by shelving a controversial $8.8 billion deal, marking an unprecedented victory for shareholder activists in South Korea. The group’s Hyundai Mobis Co. unit on Monday withdrew a proposal to sell two of its most lucrative businesses to affiliate Hyundai Glovis Co., Mobis Chief Executive Officer Young-Deuk ...

Bloomberg China is planning to scrap all limits on the number of children a family can have, according to people familiar with the matter, in what would be a historic end to a policy that spurred countless human-rights abuses and left the world’s second-largest economy short of workers. The State Council, China’s cabinet, has commissioned research on the repercussions of ...

Bloomberg Three days after agreeing to sell off the last of its Hilton stake, Blackstone is buying another hotel company. Blackstone Group LP has agreed to acquire luxury hotel owner LaSalle Hotel Properties, according to people with knowledge of the matter. The all-cash transaction values LaSalle at $33.50 a share, or $4.8 billion including debt, said the people, who asked ...

Bloomberg The UK government will set laws to stop cyber bullying among children, which may include multimillion dollar fines for social media companies like Facebook Inc. if they flout new statutory codes of conduct. “I don’t want the trolls to win,” Culture Secretary Matt Hancock told ITV after his department published further details of an Internet Safety Strategy. The government ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg’s testimony to the European Parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the internet. Zuckerberg agreed to the web feed after talks with Antonio Tajani, the president of the parliament. The proceedings, scheduled for the late afternoon in Brussels, were to take place behind closed doors. “Great news for ...

Bloomberg Donald Trump and Kim Jong-un will meet next month to negotiate a deal that could avert nuclear war. But the ultimate success of any agreement hinges on someone else: China’s President Xi Jinping. As North Korea’s largest trading partner, China’s enforcement of United Nations sanctions helped bring Kim to the negotiating table while also shielding his regime from Trump’s ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received at Al Badee’ Al ‘Amer Palace, Ramadan well-wishers who called on him on the occasion of the holy month of Ramadan. His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, was present. Sheikh Sultan received ...

Dubai / WAM Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea, discussed potential cooperation in advanced automotive technology during a meeting at the headquarters of the Ministry of Economy in Dubai. They also ...