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Bloomberg Fastjet Plc will begin flying from Mozambique this year and expects to commence internal South African services in 2018 as it rekindles growth plans put on hold as losses mounted. With the operating loss down 57 percent in the first half and break even forecast for the fourth quarter, Fastjet is ready to revive its pan-African ambitions, aided by ...

Bloomberg Hema, a 91-year-old Dutch retailer known for design housewares, is for sale. Private equity firm Lion Capital LLP, which bought the chain a decade ago, is considering strategic options for Hema and appointed Credit Suisse Group as an adviser to a possible sale, the Amsterdam-based retailer said. Hema, which opened its first store in 1926 in Amsterdam, owns more ...

Bloomberg Procter & Gamble Co. is facing longer odds in its standoff with Nelson Peltz, the billionaire investor who is vying for a board seat in one of the most contentious proxy fights in years. Peltz won the approval of prominent shareholder-advisory firm Institutional Shareholder Services Inc , following a similar endorsement from Glass Lewis & Co. the previous week. ...

Abu Dhabi / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for an AED 745 million contract at The Bridges, its mid-market residential development on Reem Island. The contract, which commences with immediate effect, comprises the construction ...

Abu Dhabi / WAM The number of commodities covered by the UAE’s selective taxation has been announced as 1,610 items, 60% of which are classified as soft drink products, 26% as tobacco and its derivatives, and some 14% as energy drinks, all deemed as the most damaging to the public’s health. The Federal Tax Authority has prepared a list of ...

Abu Dhabi / Emirates Business As business links between South Africa and the UAE continue to grow across a number of core sectors, Brand South Africa and the South African Business Council UAE hosted an event at the Southern Sun Abu Dhabi under the theme ‘The Role of SA Business in Promoting the Nation Brand.’ The meeting was attended by ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), one of the world’s leading energy producers, signed an agreement with the Centre of Integrated Petroleum Research (CIPR), in Bergen University, Norway, to conduct applied research into Enhanced Oil Recovery (EOR), techniques that could extend the life of ADNOC’s oil reservoirs. Under the agreement, four Emirati ADNOC employees, with ...

Sharjah / WAM The World Government Summit (WGS) has announced that the Republic of India is the guest of honour for its summit, scheduled for February 11-13, 2018. The World Government Summit said that the hosting of India comes as part of the its endeavor to strengthen its partnerships with countries with pioneering and distinctive experiences in strategic areas that serve ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, over 200 global health leaders will convene in Abu Dhabi on November 15 for the ‘Reaching the Last Mile – Mobilising Together to Eliminate Infectious Disease’ forum. The conference, which ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP), sector in Dubai Economy has urged shoppers in Dubai to choose websites registered in the Digital Protection programme for buying online in order to ensure that their rights as consumers are protected. At least 44 websites have already been enrolled in the programme, launched recently by Dubai Economy. The websites ...