Abu Dhabi / Emirates Business The fourth edition of the International Conference & Exhibition (IFCE), held in Abu Dhabi concluded its activities, attracting more than 2,000 visitors and participants. The event serve as a leading hub that attracts franchise companies from across the world, as well as providing investment opportunities for entrepreneurs, the youth, and companies based in the ...
Read More »Dubai to mark Qatar National Day in style
Dubai / Emirates Business Global developer Emaar Properties will join the UAE’s leadership and nation in extending its felicitations to the Qatari leadership and people with an illumination of Burj Khalifa, the global icon, on December 18, to mark the Qatar National Day. The 828.6 metre (2,716.5 ft) tower will be illuminated with the colours of Qatar’s National Flag ...
Read More »DAMAC Properties unveils MOD townhouses
Dubai / Emirates Business DAMAC Properties, one of the leading luxury real estate developers in the region, announced the launch of MOD, a collection of townhouses in the heart of international golf community AKOYA Oxygen. The homes in this community, with a contemporary expression of luxury, are priced to be accessible to a diverse mix of buyers of all ...
Read More »Dubai Cares, RAK Bank join hands for enriching learning environment
Dubai / Emirates Business Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, successfully completed the fourth edition of its Volunteer Emirates 2016 initiative which took place on Saturday at Al Salaf Al Saleh Private School in Ras Al Khaimah. The highly popular initiative, which lends helping hands to non-profit schools across the UAE, saw the participation ...
Read More »Sharjah’s Winter Festival begins with entertainment shows
Sharjah / Emirates Business Al Majaz Waterfront first ever Winter Festival got under way at the emirate’s popular leisure and tourist destination. The opening two days of the seasonal event, which is running until January 7, have seen an array of activities designed to impart the festive ambience of a wintry landscape without its attendant chilly temperatures. Creating a ...
Read More »Australian storms may crimp coking coal supply
Bloomberg The road back down for this year’s best-performing commodity may be bumpy. While spot prices for coking coal have dropped about 16 percent this month from a record high above $300 a ton, possible heavy rain and flooding in Australia over the next few months may stall, or even reverse, the decline. The region is forecast to see ...
Read More »Beijing orders 1,200 factories to close or cut output amid smog
Bloomberg Beijing municipal government ordered more than 1,200 factories in the printing, construction materials and petrochemical industries citywide to either suspend or cut output after earlier issuing this year’s first red alert warning for severely high levels of air pollution. Under a contingency plan for severe air pollution, the city shut down more than 700 plants with production procedures ...
Read More »â€˜China must curb the speculation amid property bubble’
Bloomberg China must do more to deflate a property bubble that expanded this year by “strictly†controlling speculation while also stepping up the fight to rein in excessive corporate borrowing, a top economic official said a day after leaders announced plans for next year. “We need to give a higher priority to preventing and controlling financial risks,†Yang Weimin, ...
Read More »Wanxiang gets China e-vehicle permit to make Karma cars
Bloomberg Wangxiang Group, the owner of Karma Automotive, became the second auto-parts maker to receive permission from the nation’s top economic planner to produce electric cars under a special scheme to encourage companies outside auto manufacturing to develop new-energy vehicles. Founded by Chinese billionaire Lu Guanqiu, Wanxiang Group got approval from the National Development and Reform Commission to invest ...
Read More »Paschi gets approval to extend bond swap offer
Bloomberg Banca Monte dei Paschi di Siena SpA received regulatory approval to extend and expand a debt-for-equity swap in a last-ditch effort to raise 5 billion euros ($5.2 billion) privately and avoid a state rescue. The exchange offer will involve about 4.5 billion euros of Tier 1 and Tier 2 securities and will run until 2 p.m. on December ...
Read More »