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Bloomberg Vienna has ended Melbourne’s seven-year reign as the world’s most liveable city, according to the Economist Intelligence Unit. The Austrian capital scored a near perfect score of 99.1 out of 100 in the index, whose criteria include stability, healthcare and the environment. Cities in Australia and Canada took six of the top 10 spots, with the US again missing ...

ABU DHABI / WAM The relations between the UAE and Norway have witnessed increasing development, in line with their strong bilateral ties over the past decades with the value of their trade exchange reaching around $639.9 million in 2017, compared to $326.7 million in 2016, according to Ministry of Economy’s Trade Policy Review Report. The value of imports from Norway ...

AJMAN / WAM The Business Club licensing package by Ajman Media City Free Zone gives instant access to UAE and Arab region at the lowest investment and also gives freedom to focus on core business from day one, said Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone. “Business Club business set up package offers ...

ABU DHABI / WAM Adnoc Distribution has reported that net profit for the six months ended June 30, increased by 18 percent to AED1,124 million compared with the same period last year. According to a press statement, EBITDA grew by 30 percent to AED1,443 million, and gross profit rose by 24 percent to AED2,609 million. Free cash-flow generation was up ...

Ras Al Khaimah / WAM The Federal Tax Authority (FTA) has officially launched phase one of its “Tax Clinic” initiative, which seeks to maintain direct and constant communication with taxable businesses. For three months, the campaign will cover all seven emirates to raise tax awareness across the country, urging taxable businesses to register with the Authority and promoting compliance with ...

Munich / Emirates Business The BMW Group invested substantially in the mobility of the future during the first half of the year, while at the same time firmly continuing on its course of profitable growth. Rigorous implementation of the Group’s Strategy. The BMW Group has also set a decisive course for its future in China, the company’s largest growth market. ...

Bloomberg Europe’s equity market may finally be getting a hand from the force that has supercharged the US stock rally since the global financial crisis: share buybacks. European companies have unveiled blockbuster repurchase programmes this earnings season as their cash piles swell amid a continued recovery in profits. In non-UK Europe, net equity issuance has turned negative for the first ...

Bloomberg Suspended Audi Chief Executive Officer Rupert Stadler lost a bid to end his detention in jail, with a German court saying that there is strong evidence that he turned a blind eye to the corporate shenanigans at the heart of the car company’s global diesel scandal. Stadler’s bid to be released from jail after more than seven weeks was ...

Bloomberg North Korean leader Kim Jong-un and South Korea’s Moon Jae-in agreed to hold their third meeting this year, as they seek to preserve a detente tested by disputes between Pyongyang and Washington. The two Koreas announced plans on Monday for Moon to visit the North Korean capital next month, the first such trip since 2007. A joint statement issued ...

Bloomberg Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of ...