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Abu Dhabi / WAM Etisalat and China Mobile International (CMI), have come together to establish a point of presence at Etisalat’s ‘SmartHub Data Centre’ in the UAE. As part of the Etisalat SmartHub, CMI will support its Global infrastructure, interconnections, capacity and expand its reach into the Middle East and Africa (MEA) region. The data centre co-location partnership agreement will enable ...

Sharjah / WAM The key roles of women and youth in realising the sustainable economic development in the UAE, the Arab region, and beyond, and the importance of boosting their participation in all market sectors will be brought under the spotlight next week by a group of business leaders and economic experts, at the Sharjah FDI Forum 2018. These discussions ...

Bloomberg Eskom Holdings SOC Ltd, the cash-strapped South African power utility, wants the government to take on about 100 billion rand ($7.2 billion) of its debt as part of a rescue plan that will enable it to continue operating. The company’s executives outlined the proposal to move the debt onto the government’s balance sheet to bond investors in London this ...

Bloomberg China set three-year targets for allowing more wind and solar power onto the power grid after the rapid addition of panels and windmills forced some electricity distributors to partly block that energy from flowing into their systems. The curtailment rate for wind power should be held to less than 10 percent next year and to about 5 percent by ...

Bloomberg Chancellor Angela Merkel’s government is bowing to industry pressure to boost Germany’s offshore wind capacity, already among the biggest in Europe. The government will assess how to boost offshore capacity to 20 gigawatts by 2030 from a planned 15 gigawatts, according to details in an energy law passed by the parliament. The administration in Berlin has steadfastly blocked pressure ...

Bloomberg Christophe Weber, the chief executive officer of Takeda Pharmaceutical Co., has faced a string of challenges in his $62 billion pursuit of UK drugmaker Shire Plc. The Japanese company’s shares have tumbled, dissident shareholders complained and Shire repeatedly rebuffed his bids before agreeing to a deal. Now the Frenchman has scored a big victory with Takeda saying the deal ...

Bloomberg Chinese officials have begun preparing to restart imports of US soybeans and liquefied natural gas, the first sign confirming the claims of President Donald Trump and the White House that China had agreed to start buying some US products “immediately”. Chinese officials have been told to take necessary steps for the purchases, according to two officials with knowledge of ...

Bloomberg The next year and a half will be key for Tata Motors Ltd. as scrutiny of its debt metrics builds amid expectations the performance of its subsidiary Jaguar Land Rover Automotive Plc will underwhelm. S&P Global Ratings cut Tata Motors’s long-term rating deeper into junk, the second downgrade for the Indian automaker in five months, citing headwinds for Jaguar ...

Bloomberg Hong Kong’s Central area has taken the prize for the world’s most expensive premium office rents for a fourth year running, according to global real estate consultant JLL. Occupancy costs — including rent, taxes and service charges — are 60 percent higher than New York’s Midtown and almost 75 percent more costly than London’s West End, JLL’s Premium Office ...

Bloomberg Malaysian financier Low Taek Jho has maintained his innocence over new charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB. “Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process,” according to a statement issued ...