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Dubai / WAM Wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, has broken a Guinness World Records title for the largest aerial projection screen in the sky, in celebration of the Year of Zayed 2018. The record-breaking effort is part of Wasl’s wider efforts to unite the country in commemorating the UAE’s ...

Dubai / Emirates Business The Federation of UAE Chambers of Commerce and Industry in cooperation with the Dubai Chamber of Commerce and Industry, the UAE Ministry of Economy and the SEV Hellenic Federation of Enterprises hosted the UAE-Greek Business Forum in Dubai, which explored trade and investment opportunities in both countries. The forum, held at Dubai Chamber’s premises, was attended ...

DUBAI / Emirates Business In line with its commitment to integrating government agencies and harnessing all expertise to enhance trust among real estate investors, the Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai through the Real Estate Regulatory Authority (RERA), DLD’s regulatory arm. The MoU focuses on establishing ...

Bloomberg Tata Sons Ltd., the holding company for India’s biggest business group, raised $1.38 billion after upsizing its offering of Tata Consultancy Services Ltd. stock, people with knowledge of the matter said. Tata Sons priced its sale of Tata Consultancy shares at about 2,872 rupees apiece, the bottom of a marketed range, according to the people, who asked not to ...

Bloomberg Samsung C&T Corp., an affiliate of the world’s biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom. Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine ...

Bloomberg With his swift rejection of Broadcom Ltd.’s hostile takeover of Qualcomm Inc., President Donald Trump sent a clear signal to overseas investors: Any deal that could give China an edge in critical technology will be swatted down in the name of national security. Although Broadcom is based in Singapore, China loomed large over the US government’s fears about a ...

Bloomberg European Commission President Jean-Claude Juncker demanded Prime Minister Theresa May give more detail about how the UK sees its relationship with the European Union after Brexit. “It’s obvious that we need further clarity if we’re going to reach an understanding on our future relationship,” Juncker told the European Parliament in Strasbourg, France. “It’s now time to translate speeches into ...

Bloomberg Add co-working giant WeWork Cos. to the growing list of players looking to profit from Toronto’s booming office market. The New York-based company is targeting more than a sixfold surge in Toronto by 2020, bringing its locations in the city to at least 20, according to Dave McLaughlin, WeWork’s general manager for the Northeast. WeWork opened its first locations ...

Bloomberg US Secretary of State Rex Tillerson was ousted on Tuesday after a turbulent tenure with President Donald Trump, blindsiding the former Exxon Mobil Corp CEO just hours after he returned from a nearly week-long trip to Africa. “I am proud to nominate the Director of the Central Intelligence Agency, Mike Pompeo, to be our new Secretary of State,” Trump ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, on Monday announced an allocation of AED64.2 million ($17.4 million) for the development of two projects in the Republic of Seychelles that will enhance the country’s capacity to produce renewable energy from sustainable resources. Confirming the Fund’s support, His Excellency Mohammed Saif ...