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Abu Dhabi / WAM The UAE Federal Authority for Nuclear Regulation (FANR), on Tuesday unveiled details of its 2018 corporate outlook focusing on ensuring safe, secure and peaceful nuclear and radiation programmes in the country. Addressing a media briefing, Christer Viktorsson, Director-General of FANR, said that “the UAE is moving rapidly forward with developing its nuclear sector (and) FANR made ...

Bloomberg Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer. In his last full budget before 2019 elections, Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to ...

Bloomberg Ola, India’s biggest ride-hailing startup, is heading down under. It’s the overseas debut for Ola, which will start inviting drivers in Sydney, Melbourne and Perth to sign up, it said. Ola will be competing with Uber Technologies in Australia. The two companies have been going head-to-head in India’s $10-billion ride-hailing market where the ramshackle public transportation systems in cities ...

Bloomberg SAP SE Chief Executive Officer Bill McDermott has backed US President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software Inc., its biggest acquisition in more than three years. SAP said it will pay $36 a share for Dublin, California-based Callidus, known as CallidusCloud, to give Europe’s biggest software company access to new sales analytic ...

Bloomberg Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. has put its last two overseas property developments up for sale, according to people familiar with the matter, in the latest unwinding of a decade-long overseas buying spree that put it in the cross-hairs of Chinese regulators. Wanda is seeking buyers for a hotel, office and apartment complex in Chicago and ...

Bloomberg The only thing that might be colder than Toronto in January is the Canadian city’s housing market. While the bleak mid-winter is never the best time to sell a home in Canada, a string of open houses in the country’s largest city were chillingly empty on a recent afternoon. Tougher mortgage rules went into effect on January 1 just ...

Bloomberg Russia is hosting a Syria peace summit in the Black Sea resort of Sochi, with its hopes for securing an internationally-backed plan dashed as the opposition boycotts the initiative. More than two years since Russia’s military intervention in the war-torn country, it’s succeeded in decisively shoring up ally Bashar al-Assad. But even as the Syrian leader closes in on ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Highness Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in the Al Ain Region, on Monday received hundreds of mourners at Al Mushrif Palace in Abu Dhabi, who came to pay ...

Dubai / Emirates Business The Middle East’s online education is forecasted to experience continuous growth thanks to the rising government investments and increasing popularity of e-learning especially among professionals. According to a report by Research and Markets titled the ‘Middle East Online Education & E Learning Market Size, Demand, Opportunity & Growth Outlook 2023,’ the regional online education and e-learning ...

Abu Dhabi / WAM Rail contracts worth $16 billion are planned to be awarded in 2018 in the MENA region, according to MEED Rail Report. The report is issued ahead of the Middle East Rail, the largest railway industry event across the Middle East, North Africa, South and Central Asian region, which will take place from March 12-13 at Dubai ...