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Dubai / Emirates Business Damac Properties, a leading luxury real estate developer in the region, awarded Arabtec Construction LLC with a AED 628 million contract to develop 1,296 villas at Damac’s Akoya Oxygen master development. Arabtec will begin construction in Q3 2017 at the 55-million-square-foot green development in Dubailand, and is expected to complete the project within 24 months. “Damac ...

DUBAI / WAM The Abu Dhabi Food Control Authority, (ADFCA) organised, in co-operation with the Food Security Centre – Abu Dhabi, a workshop entitled, “The Challenges of Producing and Marketing Poultry,” which was held today at its branch in Al Ain, to highlight the importance of transferring knowledge, exchanging expertise and finding the correct solutions to the various challenges facing ...

Dubai / WAM Emirates’ newly revamped A380 Onboard Lounge has made its operational debut on a flight to Kuala Lumpur, marking the 9th anniversary of the airline’s award-winning A380 service. The Onboard Lounge was first introduced on August 1, 2008 and has since become a mainstay of Emirates’ double decker aircraft. The latest makeover of the lounge, inspired by private ...

Bloomberg SoftBank Group Corp. has as much as $65 billion in financing lined up as Chairman Masayoshi Son weighs whether to make a formal takeover offer for Charter Communications Inc., according to people familiar with the matter. The financing arrangement is among the new details that are emerging on Son’s plan to merge Charter with SoftBank’s struggling US wireless company ...

Bloomberg Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. Some analysts are beginning to focus on the costs of his ambition. The chairman of Reliance Industries Ltd. has added $12.5 billion to his wealth this year, according to the Bloomberg Billionaires Index, ...

Bloomberg Uber Technologies Inc. and Didi Chuxing are once again going head-to-head, this time in Estonia. The Chinese giant with a multi billion-dollar war chest is backing Estonia’s Taxify OU with a financial investment and support on technology developments, the companies said on Tuesday. The partnership—Didi’s first major move into Europe—will give Taxify a boost to grow in cities from ...

Bloomberg A private gauge indicates that India’s manufacturing output slid to the lowest since the financial crisis as the roll out of a new nationwide sales tax disrupted supply chains across the country. The Nikkei India Manufacturing Purchasing Managers’ Index was at 47.9 in July. A number below 50 indicates contraction. The outlook for the year ahead remains positive with ...

­­­­­­­­­­­Bloomberg Facebook Inc. is working on a video chat device for the home — the first major hardware product from its experimental Building 8 lab. Featuring a laptop-sized touchscreen, the device represents a new product category and could be announced as soon as next spring’s F8 developer conference, according to people familiar with the matter. They say the large screen ...

Bloomberg UK manufacturing growth accelerated for the first time in three months in July, bolstered by the strongest jump in export orders in seven years. A measure of factory output rose to 55.1 from a revised 54.2 in June, according to IHS Markit’s Purchasing Managers’ Index. That exceeds the advance to 54.5 forecast by economists in a Bloomberg survey and ...

Bloomberg Nineteen cities from Amsterdam to Bucharest applied to host the European Union’s drugs regulator and eight sought to be the home of the bloc’s banking authority, kicking off a four-month campaign to win agencies being forced out of London by Brexit. The list of locations wanting the European Medicines Agency also included Lille, Milan and Bonn, while Dublin, Frankfurt ...