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GCC healthcare projects value tops $61bn

Dubai / Emirates Business The total value of 707 healthcare projects exceeded AED 223.50 billion ($60.9 billion) in January 2018, according to the latest GCC Construction Intelligence report issued by BNC Network, the largest and most comprehensive construction intelligence platform in the Middle East and North Africa (MENA) region. Of these, 445 projects worth $51.9 billion (AED190.47 billion) are hospital ...

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Putin foes mount protests across Russia ahead of vote

Bloomberg Hundreds of Russians braved sub-zero temperatures to protest against President Vladimir Putin, who’s seeking to prolong his almost two-decade-long rule in March elections. Russian opposition leader Alexey Navalny, who’s been barred from taking part in the March 18 vote, called on his supporters to rally in more than 100 cities in a bid to put more pressure on the ...

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Europe approaches trade deal despite barriers

Bloomberg Europe is approaching the next stop in its global market-opening drive aimed at countering US President Donald Trump’s protectionist tilt. Top officials from the European Union will meet with the Mercosur group of Argentina, Brazil, Paraguay and Uruguay on January 30 in Brussels to gauge the prospects for a free-trade deal that would follow groundbreaking commercial pacts with Japan ...

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Alphabet launches new cybersecurity unit

Bloomberg Google has a new sister: Parent company Alphabet Inc. announced the formation of a new subsidiary company, called Chronicle, focussed on cybersecurity. Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab that has produced its driverless car effort, Waymo, and projects on drones, internet connectivity and the Google Glass headset. In the announcement, the new company stressed ...

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Dell mulls return to market four years after going private

Bloomberg Just over four years since Michael Dell took his namesake PC company private, the billionaire is considering taking Dell Technologies public again in a move to help it raise cash and reduce its substantial debt. An initial public offering would undo one of the biggest leveraged buyouts the tech industry has ever seen. The board is meeting later this ...

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Japan crypto exchange’s $400mn NEM token loss spooks investors

Bloomberg The disclosure that one of Japan’s biggest cryptocurrency exchanges lost about $400 million in NEM tokens is spooking investors in a country still wary of such venues four years after the collapse of Mt. Gox. After hours of speculation, Coincheck Inc. said the coins were sent “illicitly” outside the venue. Co-founder Yusuke Otsuka said the company didn’t know how ...

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China economy starts 2018 on solid trajectory

Bloomberg As the latest China data showed some softening at the end of an upbeat year, reports for this month are looking likely to show the economy keeping pace despite slowing industrial profits. The earliest indicators for January show momentum remains intact, with sales managers the most upbeat since July, financial experts more optimistic, and satellite imagery signalling manufacturing conditions ...

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Trade in healthcare, pharma sectors at Jafza hits AED14.2bn

Dubai / Emirates Business Jebel Ali Free Zone (Jafza), Dubai and the UAE’s flagship trade and logistics hub for the MENA region, will be showcasing the growth opportunities it offers to the healthcare and pharmaceutical industry at the Arab Health 2018 Conference and Exhibition from January 29 to February 1. Jafza is home to some of the world’s leading healthcare ...

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‘Liwa reserve a key milestone in sustainability in water supply’

Abu Dhabi / WAM The world’s largest reserve of high quality desalinated water, recently announced below the Liwa Desert, is a significant milestone towards ensuring sustainable water security in the emirate of Abu Dhabi, H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, said. “The directives given by President His Highness Sheikh Khalifa bin Zayed ...

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‘Women for business initiative’ launched

DUBAI / Emirates Business Al Ahli Holding Group (AAHG), the multi-diversified international conglomerate, unveiled the first edition of Women for Business, a multicultural CSR program designed by AAHG, in partnership with Union National Bank and La Rochelle Education Group, France to promote Emirati women entrepreneurs. The program commemorates the Year of Zayed initiative honouring the UAE founding father’s vision, achievements ...

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