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Bloomberg The demise of Toys ‘R’ Us in the US has left billions of dollars in sales up for grabs, and Party City Holdco Inc. is going after that gaping hole. Party City plans to operate 50 pop-up toy stores from September through the holiday-shopping season, possibly in former locations of the defunct chain, executives said. The assortment will include ...

DUBAI / WAM As part of its leading investor and issuer services, Dubai Financial Market (DFM) has successfully accomplished the cash dividend distribution for the financial year 2017. As much as AED15.8 billion been disseminated to 466,482 investors. The number of listed companies that have outsourced the dividend distribution process to DFM increased from 35 companies during the previous year ...

DUBAI / WAM The Dubai World Trade Centre (DWTC) has announced up to 70 percent reduction on licencing and incorporation fees within the DWTC Authority (DWTCA), a Free Zone (FZ) offering offshore licences for businesses, and ‘One Central’, to spur business and benefit multi-sector growth. The DWTC’s programme will provide highly competitive offerings with the twin objectives of supporting inward ...

Bloomberg Abraaj Group has reached an agreement to sell its stake in Middlesex University’s Dubai campus to Amanat Holdings PJSC for about $100 million, people with knowledge of the matter said. An initial agreement has been signed and the deal is yet to close, the people said, asking not to be identified because the information is private. Dubai-based Amanat would ...

Bloomberg China and the European Union vowed to oppose trade protectionism in an apparent rebuke to the US, saying unilateral actions risked pushing the world into a recession. Vice Premier Liu He — President Xi Jinping’s top economic adviser — said China and the EU had agreed to defend the multilateral trading system, following talks on Monday in Beijing. The ...

New Delhi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Narendra Modi, India’s Prime Minister, have expressed support for the on-going strategic dialogue, aimed at expanding energy partnerships between the two countries. This came during a meeting here on Monday between the two sides following a joint workshop organised by ...

Abu Dhabi / WAM The UAE Cabinet adopted a resolution to reform the UAE Gender Balance Council, which is headed by HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum. The council was formed in 2015 to promote the role of Emirati women in all areas of work, as well as the UAE’s domestic and international position. The council also ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), on Monday launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. The move follows the successful completion of a public consultation on the introduction of a robust crypto asset regulatory framework by ADGM Financial Services Regulatory Authority (FSRA), on May ...

Abu Dhabi / WAM The State Audit Institution (SAI), organised a workshop on modern auditing in the technological age, which was attended by employees of the national audit authorities. The workshop held at SAI headquarters in Abu Dhabi, was aimed at raising the awareness about the importance of scrutinising information systems in light of the electronic transformation of government authorities. ...

Abu Dhabi / Emirates Business Ninety-seven percent of the companies who participated in the previous edition of the International Franchise Exhibition (IFE) are returning for the exhibition’s sixth edition, demonstrating the event’s seminal role within the region and internationally. Organised by Abu Dhabi Chamber, the exhibition is taking place at the Abu Dhabi National Exhibition Centre (Adnec) from October 16-17. ...