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Dubai / Emirates Business Chef Middle East, a leading regional supplier of the finest quality foods to the hotel, dining and airline industries, inaugurated its new AED 75 million world-class distribution centre at Dubai Investments Park (DIP). Omar Al Mesmar, General Manager of DIP, attended the grand opening and cut the ceremonial ribbon to officially open the massive 10,000 square ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), granted SHUAA Capital International Ltd. a subsidiary of SHUAA Capital a licence to serve as Market Maker on the Exchange. The number of registered Market Makers on ADX has now reached three, including National Bank of Abu Dhabi and Al-Ramz Capital. The announcement was made during an event in ADX, organised ...

Bloomberg China is setting its sights on US energy as a growing reliance on imports forces it to look beyond traditional suppliers, according to the head of the country’s biggest oil and gas company. China National Petroleum Corp. will import more crude oil and natural gas from US and will consider participating in America’s growing liquefied natural gas export industry, ...

Bloomberg Developers’ hunger for Singapore land is adding to signs that the city’s housing market is making a comeback after three years of price declines. As new home sales surge after an easing of property restrictions in mid-March, developers are becoming more aggressive in bidding at land auctions. On average, they’ve paid a 29 percent premium, the highest level in ...

Bloomberg The Samsung brand is best known for its smartphones and wide-screen TVs. Yet behind the scenes, the conglomerate is also making a name as a contract manufacturer of complex medicines to treat diseases like cancer. On a piece of reclaimed land along the western coast of South Korea, Samsung BioLogics Co. is building a $740 million factory that will ...

Bloomberg After a savage three-day sell-off, Noble Group Ltd. shares climbed on Tuesday even as Moody’s Investors Service joined S&P Global Ratings in highlighting the embattled commodity trader’s finances, saying that estimated liquidity isn’t sufficient to cover debt due by mid-2018. Moody’s said that while the liquidity headroom, including cash and unused committed facilities, was $2.4 billion at end of ...

Bloomberg There’s a blame game brewing over who’s responsible for the massive cyberattack that infected hundreds of thousands of computers. Microsoft Corp. is pointing its finger at the US government, while some experts say the software giant is accountable too. The attack has affected computers in more than 150 countries, including severe disruptions at Britain’s National Health Service. The hack ...

Bloomberg Waymo won a ruling that may strengthen its trade-secrets suit against Uber Technologies Inc. even as the Alphabet Inc. unit fell short of its goal to bring its rival’s driverless-car program to a standstill. US District Judge William Alsup approved of Uber’s move last month to demote the engineer leading its self-driving unit to keep him away from related ...

Washington / Agencies His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has arrived at the White House where he was received by US President Donald Trump. President Trump welcomed the visit of HH Sheikh Mohamed and his accompanying delegation. The delegation includes HH Sheikh Tahnoun bin ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood ‘Mother of the UAE’ was chosen as the Person of the Year 2017 by the Khalifa International Award For Date Palm And Agricultural Innovation. This was announced during ...