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Bloomberg Shaw Communications Inc. sold its ViaWest data service business to Peak 10 Holding Corp. for C$2.3 billion ($1.7 billion), three years after the Canadian telecommunications company bought it for C$1.3 billion. ViaWest and Peak 10 combined will be North America’s largest privately held data center company, Shaw said in a statement. The deal frees up cash for Shaw to ...

Dubai / WAM The Mohammed bin Rashid Fund (MBRF), the financial arm of Dubai SME, an agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, and Beehive, the first and only regulated peer-to-peer lending platform in the MENA region, providing innovative online financing solutions for SMEs, have signed an MoU to facilitate SME financing and ...

Dubai / Emirates Business Dubai has emerged as one of the top 10 destinations for international meetings, according to the latest edition of the International Meetings Statistics Report published last week by Union of International Associations (UIA). The report ranked 1,157 cities globally based on the total number of international meetings that took place during the year. Previously ranked 14th ...

Dubai / WAM Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments, has announced the completion of preparation work, including excavation and shoring works, for the first phase of its AED3 billion Mirdif Hills project, currently under construction in the Mirdif area of Dubai. The first phase of Mirdif Hills includes 1,054 apartments in its three components, Janayen ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) signed a memorandum of understanding (MoU) with Souq.com in a move designed to facilitate cooperation between the two entities and expand Chamber members’ access to the region’s e-commerce. Under the terms of the agreement, Dubai Chamber members can avail exclusive benefits offered by Souq.com, including free access to ...

Dubai / WAM Dubai Electronic Security Centre (DESC), signed an MoU with the University of Dubai to promote research in information security, telecommunications and information systems. The MoU was signed by Yousuf Hamad Al Shaibani, Chief Executive Director of DESC and Dr. Essa Mohammed Al Bastaki, Director of University of Dubai, in the presence of a number of representatives from ...

Bloomberg Russia’s cyberattack on the US electoral system before Donald Trump’s election was far more widespread than has been publicly revealed, including incursions into voter databases and software systems in almost twice as many states as previously reported. In Illinois, investigators found evidence that cyber intruders tried to delete or alter voter data. The hackers accessed software designed to be ...

Bloomberg Panama is opening diplomatic relations with China, the latest blow to Taiwan as Beijing’s leaders seek to isolate the self-governed island. Panamanian President Juan Carlos Varela announced the move in a national address. China is the second-biggest user of the Panama Canal and has played a key role in sectors from banking to telecommunications, he said, adding that Taiwan ...

Bloomberg India’s government has signaled it will press ahead with the roll out of a goods and services tax on July 1, pushing back against speculation it’s considering delaying the launch of one of its flagship reforms. “The rumors about GST implementation being delayed are false,” Revenue Secretary Hasmukh Adhia said in a Twitter post on Tuesday. “Please do not ...

Bloomberg Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on US companies’ stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft Corp., Merck & Co. Inc. and ...