Beijing / WAM The preparatory meeting of the 6th UAE-China Joint Economic Committee was held in the Chinese capital, Beijing on Tuesday. The main meeting of the committee will be held on Wednesday and will be led by Sultan bin Saeed Al Mansouri, Minister of Economy, and Zhong Shan, Minister of Commerce of China, with the participation of senior officials ...
Read More »Dubai Ambulance, Abu Dhabi Police discuss Expo 2020 preparations
Dubai / WAM Officials from the Dubai Corporation for Ambulance Services and a delegation from the Abu Dhabi Police Ambulance Department discussed ways of cooperation, especially through joint coordination, to prepare for the opening and plan the security of Expo 2020 Dubai. The discussion took place during a meeting held by both sides at the headquarters of the Dubai Corporation ...
Read More »UAE Space Agency and IAF discuss cooperation in space science, research
Dubai / Emirates Business A UAE Space Agency delegation, led by Chairman Dr Ahmad Belhoul Al Falasi, met the President of the International Astronautical Federation (IAF), Dr Jean-Yves Le Gall, to discuss a range of opportunities for collaboration in space science, research and education. Al Falasi also highlighted the UAE’s interest in hosting the International Astronautical Congress in 2020, coinciding ...
Read More »DEWA trains 197 students
Dubai / WAM To support and develop young Emirati talent, Dubai Electricity and Water Authority (DEWA), has completed its summer training programme this year for 197 school and university students. As part of DEWA’s strategy, the course was aimed at promoting Emiratisation, and preparing a generation that acknowledges the importance of professional work in the sustainable development. The programme included ...
Read More »Angry Birds maker plans IPO that may value it at $2 billion
ÂÂÂÂÂÂÂÂÂÂÂBloomberg Angry Birds maker Rovio Entertainment Oy plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title. Main owner Kaj Hed, 62, and some other holders will sell shares, and Rovio will offer about $36 million of new stock, the company said Tuesday, without providing a ...
Read More »UK economy halts as services weaken, consumers struggle
Bloomberg Britain’s economy is failing to recharge after slowing sharply in the first half of the year. IHS Markit said its latest round of industry surveys suggest growth of about 0.3 percent this quarter, matching the pace of the previous three months. It published the forecast after its gauge of services, the biggest part of the economy, indicated the slowest ...
Read More »Schneider eyeing market leadership again at Aveva deal
Bloomberg After two failed attempts in as many years, Schneider Electric SE is betting a deal to combine its industrial software business with the UK’s Aveva Group Plc will create a market leader in programs to design and operate power plants and factories. Schneider and Aveva unveiled on Tuesday an agreement by which the French company will receive a 60 ...
Read More »Apple returns to debt market to fund buybacks, dividends
Bloomberg Apple Inc. is selling bonds again to finance its current round of share buybacks and dividends. The iPhone maker is offering the debt in as many as five parts, according to a filing. The longest portion of the sale, a 30-year security, may yield 1.125 percentage points above Treasuries, down from initial talk of around 1.25 percentage points, according ...
Read More »Symantec chief open to industry-shaking deal
Bloomberg Symantec isn’t done making deals. The 35-year-old cybersecurity company, which completed two multibillion-dollar acquisitions over the past 14 months, is open to another large purchase after a period of paying down debt and proving to Wall Street it can meet growth targets, Chief Executive Officer Greg Clark said. “There are things that could absolutely change everything in the industry ...
Read More »Houston Rockets gets sold for $2.2bn
Bloomberg Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, according to people familiar with the deal. The price would be a new high for the National Basketball Association, breaking the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Rockets owner Les Alexander announced in July that he was selling the franchise, which ...
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