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Bloomberg BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups. The planned increase to about 150,000 cars sold would represent a 50 percent rise from this year, and a jump of about two-thirds from last ...

Bloomberg The UK’s Cineworld Group Plc agreed to buy US theatre operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The $23-a-share deal comes a week after the companies confirmed news reports of takeover discussions, jolting cinema-operator stocks. The price represents a 26 percent premium to Regal’s close on November 27, the day before ...

Bloomberg Saudi Arabian warplanes bombed the presidential palace in Yemen’s capital, stepping up attacks on Houthi rebels after they killed the country’s former president just when he appeared set to switch sides and offer the Saudis a way out of the conflict. The palace in Sana’a, currently used by the Houthi leadership, was pounded by at least seven airstrikes late ...

Dubai / Emirates Business Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place out of the 300 cities surveyed, Dubai moved up ranking in each successive year from 36th place in ...

SHARJAH / WAM The first Women’s Economic Empowerment Global Summit (WEEGS 2017) was inaugurated on Monday in the presence of His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, his wife, Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA and Honorary Patron for Global Women’s Inclusion, and several high-ranking government ...

DUBAI / WAM The Dubai Land Department (DLD) has successfully concluded its real estate roadshow and workshops in Moscow, Russia. The Real Estate Investment Management and Promotion Centre, the investment arm of DLD, oversaw the event with a delegation that was led by Majida Ali Rashid, Assistant Director General and Head of the centre. Majida Rashid said, “Dubai real estate ...

Dubai / Emirates Business Dubai Parks and Resorts (DPR), the largest theme park destination in the region, on Monday announced a partnership with Zayed University (ZU) – Abu Dhabi and Dubai campuses – to harness the perspective of Emirati youth on promoting the destination and positioning DPR at the forefront of the UAE’s growing leisure and entertainment sector. The programme ...

Bloomberg CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, creating a health-care giant that will have a hand in everything from insurance to the corner drugstore. CVS will pay $207 a share for Aetna, with $145 a share in cash and the rest in stock, the companies said in a statement. That’s a 29 percent premium to ...

Bloomberg London and Brussels failed to clinch a long-sought breakthrough on Brexit after a series of dramatic twists that saw a tentative deal derailed by the delicate question of the Irish border. “It was not possible to reach a complete agreement today,” European Commission President Jean-Claude Juncker told reporters. Talks will resume this week and he’s confident there will be ...

Bloomberg General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. After spending more than a year putting the pieces in place to launch a robotaxi business, GM said it expects to have a fleet of self-driving cars in ...