Thursday , April 19 2018

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Dafza launches initiative in mega Indian cities to attract investments

Dubai / Emirates Business Dubai Airport Freezone Authority (DAFZA) has hosted new roadshows in New Delhi and Bangalore in India under the overarching theme of ‘Gateway to Growth’. The events highlighted the attractive investment opportunities that DAFZA has created for international businesses, with the aim of increasing Foreign Direct Investment ...

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Adnoc all set to announce its downstream strategy in May

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), on Tuesday announced its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities at the ADNOC Downstream Investment Forum, in Abu Dhabi, from May 13-14. ADNOC’s downstream ...

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Tencent-backed fashion app seeks US IPO at $4 billion value

Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar ...

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Shire’s $2.4 billion cancer-unit sale sweetens Takeda appeal

Bloomberg Shire Plc agreed to sell its cancer unit to France’s Servier SAS for $2.4 billion, tightening the US-based drugmaker’s focus on rare diseases and potentially making it more attractive to Takeda Pharmaceutical Co. as it considers a bid. The Shire unit sells treatments for leukemia and pancreatic cancer, the ...

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WPP embarks on a new journey without Sorrell at the helm

London / Reuters WPP, the world’s biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change. Shares in the group fell 4 percent after Sorrell, the driving force behind 33 years of dealmaking and ...

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