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DUBAI / WAM The Dubai Land Department (DLD) has successfully concluded its real estate roadshow and workshops in Moscow, Russia. The Real Estate Investment Management and Promotion Centre, the investment arm of DLD, oversaw the event with a delegation that was led by Majida Ali Rashid, Assistant Director General and Head of the centre. Majida Rashid said, “Dubai real estate ...

Dubai / Emirates Business Dubai Parks and Resorts (DPR), the largest theme park destination in the region, on Monday announced a partnership with Zayed University (ZU) – Abu Dhabi and Dubai campuses – to harness the perspective of Emirati youth on promoting the destination and positioning DPR at the forefront of the UAE’s growing leisure and entertainment sector. The programme ...

ABU DHABI / WAM The Khalifa University of Science and Technology announced that its state-of-the-art Masdar Institute Environmental Monitoring Platform (MIEMP), deployed at the Abu Dhabi Mangrove National Park, has become the first eddy covariance station in the Arabian Peninsula to join the FLUXNET network. Eddy covariance provides an accurate way to measure fluctuations of energy over a variety of ...

Bloomberg CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, creating a health-care giant that will have a hand in everything from insurance to the corner drugstore. CVS will pay $207 a share for Aetna, with $145 a share in cash and the rest in stock, the companies said in a statement. That’s a 29 percent premium to ...

Bloomberg Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies. The modified van will begin roaming the streets of Hamburg in the second half of next year, although Moia aims to roll out the service internationally, Ole Harms, chief executive of the division, ...

Bloomberg London and Brussels failed to clinch a long-sought breakthrough on Brexit after a series of dramatic twists that saw a tentative deal derailed by the delicate question of the Irish border. “It was not possible to reach a complete agreement today,” European Commission President Jean-Claude Juncker told reporters. Talks will resume this week and he’s confident there will be ...

Bloomberg London is the best-performing city in Europe, according to the Milken Institute. Inner London-East including the Canary Wharf financial district topped the ranking published by the Santa Monica, California-based think tank on Monday. The area beat out competition from Stockholm and Budapest, in second and third-place respectively, because of its skilled global workforce, dynamic economy and “flourishing” information and ...

Bloomberg General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. After spending more than a year putting the pieces in place to launch a robotaxi business, GM said it expects to have a fleet of self-driving cars in ...

Bloomberg Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting ...

Bloomberg Fiat Chrysler Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor Co. about a partnership to develop hydrogen engines. The alliance, which would also cover transmissions, could become “a strong one,” Fiat Chrysler Chief Executive Officer Sergio Marchionne said. “We welcome the interest from other automakers in our advanced transmissions and hydrogen-powered technologies,” Hyundai said on Monday. ...