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Bloomberg Of all the things the UK economy needs, more uncertainty isn’t one of them. Prime Minister Theresa May’s loss of her majority in Parliament after an election gamble has muddied the outlook for oncoming Brexit negotiations and the economy. After a campaign largely devoid of economic arguments, the new government faces a slew of policy challenges and threats to ...

Dubai / WAM Emaar Properties PJSC, the global real estate company, announced plans to list its UAE Real Estate development business in order to create significant value for its shareholders. The IPO will be the largest since the Emaar Malls IPO in 2014. Subject to market conditions, Emaar will offer up to 30 per cent of Emaar’s UAE Real Estate ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), in a bid to enhance civic responsibilities, and instil a spirit of social solidarity and volunteerism within the community, on Wednesday launched its ‘My Community’ programme, as part of the Fund’s corporate social responsibility (CSR) mandate. In addition to strengthening the principles and values of volunteerism across the Fund’s departments, ...

Dubai / Emirates Business Enova – the regional leader in integrated energy and multi-technical services – will supply solar power to four Majid Al Futtaim malls, delivering expected savings of AED 80 million. Enova’s first solar power deal with Majid Al Futtaim Properties was signed on World Environment Day, the United Nations’ annual initiative to promote sustainability. The deal is ...

Abu Dhabi / WAM The Federal National Council (FNC), held the 18th session of the second ordinary session of the 16th legislative chapter which was chaired by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC. During the meeting, discussions revolved around a report from the Financial, Economic and Industrial Affairs Committee on the reservations of President His Highness Sheikh ...

Dubai / WAM Guo You, Chairman of the Board of Supervisors of China Construction Bank (CCB), on Wednesday rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s leading banks, underlines the country’s growing financial activities in the ...

Bloomberg India’s bustling e-commerce transactions and a planned new national tax system that’s expected to boost freight movement are prompting Deutsche Post DHL Group to expand warehouse capacity in one of the world’s fastest growing major economies. “We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such ...

Bloomberg Sony Corp. shares are undervalued and could rise as much as 39 percent, Oasis Management’s Seth Fischer said at the Sohn Conference in Hong Kong. Sony has undergone a massive turnaround since Chief Executive Officer Kazuo Hirai took the helm in 2012, jettisoning unprofitable businesses such as its Vaio personal computer unit, the chief investment officer of the Hong ...

Bloomberg The head of the US Food and Drug Administration is considering using the agency’s powers to bring more price competition to the market for generic drugs, targeting high-priced products by prioritizing the approval of additional competing treatments. FDA Commissioner Scott Gottlieb said in an interview that the agency is looking at how to push applications to the front of ...

Bloomberg Dish Network Corp. must pay $280 million to the US and four states for using robocalls to consumers on do-not-call lists, marking what the government says is a record fine for telemarketing violations. US District Judge Sue Myerscough issued the order, directing the company to pay $168 million to the federal government and $84 million to California, Illinois, North ...