IFFA, Texcare to showcase global trends

Sunaina Rana / emirates business IFFA 2016 — the leading international trade fair organised by Messe Frankfurt and Texcare International in Dubai — expects a solid representation from Middle East trade buyers and decision makers. The event will focus on the meat processing and textile industries. IFFA is a premier platform for the entities of the meat sector to share ...

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Shurooq career fair to open opportunities

Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq), is set to offer its employment opportunities to all students at the Sharjah Higher Colleges of Technology’s (SHCT) Career Fair taking place on March 2. The annual SHCT Career Fair is organized by SHCT to provide its students and graduates with the opportunity to meet HR managers from leading ...

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4 in 10 UAE residents expect employers to be hiring soon

Dubai / Emirates Business The latest Middle East Job Index Survey, conducted by the Middle East’s leading job site, Bayt.com, and research and consulting firm, YouGov, has revealed that six out of every 10 working respondents in the UAE expect their employers to be hiring in the next three months; four in 10 saying they will be definitely hiring. The ...

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Foxconn, Sharp to remove hurdles for US$6bn deal

Taipei / Bloomberg Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion ...

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Singapore Exchange may buy Baltic Exchange for US$116mn

Singapore / DPA The Singapore Exchange (SGX) is in talks to buy The Baltic Exchange, a move that could bolster its derivatives business and strengthen Singapore as a maritime hub. The bourse said that it has submitted a non-binding bid, adding that discussions are still preliminary. The Baltic Exchange, headquartered in London, is the world’s source of maritime market information. ...

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China’s rising clout catches eye of lenders

Beijing / Bloomberg Discussions are under way to grant the world’s largest developing economy membership to the Paris Club, a group of creditors that specializes in loans to governments. China, along with Brazil and South Korea, are being considered for entry into the lending club, according to ministers and officials from the Group of 20 economies who were in Shanghai ...

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UltraTech Cement to buy Jaiprakash Units for US$2.4bn

New Delhi / Bloomberg UltraTech Cement Ltd, India’s largest cement producer, said it will buy units of Jaiprakash Associates Ltd., including equity and debt, for 165 billion rupees (US$2.4 billion). The deal will increase UltraTech’s capacity 33 percent to 90.7 million tons and give it access to newer markets in six Indian states, including Uttar Pradesh and Madhya Pradesh, the ...

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Australia’s gold output hits 285 metric tonnes in 2015

Sydney / Bloomberg Gold output in Australia, the world’s second-biggest producer, reached the highest in 12 years in 2015 as rising prices see miners revive mothballed operations. Full-year production was 285 metric tons last year, almost two tons more than in 2014 and the highest annual total since 2003, mining consultancy Surbiton Associates Ltd. said on Sunday in an e-mailed ...

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Candidates ‘dead wrong’ on gloomy USA outlook: Buffett

NEW YORK / Bloomberg Billionaire investor Warren Buffett, long an optimist about the nation where he made his fortune, rejected the economic pessimism dominating the 2016 U.S. presidential campaign and forcefully made the case for a bright future. “As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves ...

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Caribbean’s fastest economy grows by 6% in 2016 on tourism

Santo Domingo /Bloomberg The Dominican Republic’s economy is likely to expand by about 6 percent this year as construction and tourism continue to buoy one of the fastest-growing countries in the region, President Danilo Medina said in his annual address to Congress. Medina, who’s up for re-election, said the country’s $64 billion economy will again outpace that of Latin America, ...

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