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Dubai / Emirates Business Under the patronage of the Federal Transport Authority for Land and Maritime (FTA) and with the presence of HRH Princess Sarah Al Saud, Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “Leading the UAE towards being a preferable destination for maritime investment”. The event brought ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC), will host a series of strategic events during the month of May, in keeping with the spirit of the Holy Month of Ramadan. The most high-profile of these will be the Capital Majlis, being held for the third year in a row, which will welcome over 700 guests throughout ...

Bloomberg Lebanon is holding its first parliamentary elections in nine years, a pivotal moment for the country as it tries to ease a crippling debt burden and avoid being dragged deeper into some of the Middle East’s escalating crises. Polls opened on Sunday morning under a new law based on proportional representation that’s meant to more accurately represent Lebanon’s complex ...

Bloomberg Fortis Healthcare Ltd. received a revised takeover offer from its first suitor, an Indian company backed by private equity firm TPG, ahead of a board meeting to decide a winner in the bidding war for the country’s second-largest hospital chain. Manipal Health Enterprises Pvt. has proposed merging with Fortis in a deal that will value the latter at 83.58 ...

Bloomberg Alibaba Group Holding Ltd. predicted a surprise acceleration of sales as the Chinese e-commerce giant unleashes spending to sustain growth in cloud computing, logistics and supermarkets. The company expects revenue to surge 60 percent in the year ending March, boosted by its purchase of food delivery startup Ele.me and transport business Cainiao. Even without those acquisitions, Alibaba sees sales ...

Bloomberg US factories are having too much of a good thing, with surging demand leading to system-wide bottlenecks that are weighing on business and potentially the broader economy. The latest evidence came in the Institute for Supply Management’s April manufacturing survey, which showed that despite robust orders, production cooled as suppliers’ delivery times lengthened, backlogs mounted, materials prices picked up ...

Bloomberg Once revered in Germany for building Volkswagen AG into the world’s biggest automaker, former Chief Executive Officer Martin Winterkorn is now facing a growing backlash in his home country, with calls for him to be held accountable for the diesel cheating scandal following his US indictment. Politicians from Chancellor Angela Merkel’s governing coalition, as well as opposition lawmakers, weighed ...

Bloomberg Dan Loeb’s Third Point is calling for United Technologies Corp. to break apart, saying that a split into aerospace, elevator and climate-controls companies would boost shareholders by $20 billion. Having such disparate businesses under one corporate roof has led to “poor management execution” and a lagging share price, Third Point said in a letter to investors. The activist firm ...

Dubai / Emirates Business The Gulf region’s highest quality projects were announced at the 2018 MEED Projects Awards, in association with Mashreq. The UAE won eight trophies, dominating the only annual awards programme recognising the region’s completed projects. Oman had five winning projects, followed by Kuwait with four and Saudi Arabia with two. The winning projects from the UAE are ...

DUBAI / Emirates Business Beauty professionals, trade buyers and those involved in the fragrance business will have a unique opportunity to immerse themselves in the perfumery world, whilst blending their own customised scent at the Middle East’s largest beauty and wellness trade fair next week in Dubai. For the first time ever, Blend’It at Beautyworld Middle East 2018 will offer ...