LLC

Trump blocks Chinese acquisition of US semiconductor firm

Washington - Muslimchronicle

Citing national security concerns, President Trump on Wednesday blocked a Chinese-backed investor from buying Lattice Semiconductor Corp. — only the fourth time a president has stopped a foreign takeover in 27 years. The would-be buyer, Canyon Bridge Capital Partners LLC, is a private-equity firm backed by a Chinese state-owned asset manager, Bloomberg reported. “Consistent with the administration’s commitment to takeRead more

15 Hezbollah elements killed in Jeroud Arsal

Beirut - Fady Samaha

The death toll of the Lebanese Hezbollah on the first day of the battle of Qalamoun raised to 15 elements, in addition to its equipment losses, while other two elements were captured, according to field sources. Violent clashes between factions of the Free Syrian Army (FSA) and Levant Liberation Committee (LLC) continued against Hezbollah militia and the Syrian government forcesRead more

Dealing with cheque default: My dad is in jail

Question- Arab today

I have owned a company in Dubai for the past six months. I received a post-dated cheque towards a Dh600,000 payment from another company in Dubai that I used to supply goods to. However, the cheque bounced due to lack of funds. I was then informed by an employee of the other company that it is a limited liability companyRead more

Nakheel awards Dh184.5m contract for new Ibn Battuta hotel

DUBAI - Arab Today

Developer Nakheel on Tuesday awarded a Dh184.5 million construction contract for a second hotel at Ibn Battuta Mall. Dubai-based Parkway International Contracting LLC was appointed to build the 375-room hotel, which has a total project value of Dh240 million. The new hotel will be operated by Thailand’s Minor Hotel Group under its AVANI brand. Nakheel’s first hotel at Ibn BattutaRead more

Saudi Aramco to pay Shell $2.2b in refinery breakup

London - Arab Today

Saudi Arabian Oil Co. (Saudi Aramco) will pay Royal Dutch Shell $2.2 billion (Dh8.08 billion) including debt to finalise the break-up of a 19-year refining partnership known as Motiva Enterprises LLC. Saudi Aramco’s Saudi Refining unit will take full ownership of the Motiva Enterprises name and legal entity, including the largest refinery in the US at Port Arthur in Texas,Read more

Qube makes smart LED bulbs and strips affordable

Las Vegas - Arab Today

Even light bulbs are getting in the act at this year’s Consumer Electronics Show (CES). San Francisco-based smart bulb manufacturer Qube has launched what it calls affordable smart lighting. The bulbs and strips produce 16 million colours and are designed to last 50,000 hours to equivalent to 22 years. They feature built-in Wi-Fi and Bluetooth Low Energy, meaning you canRead more

Dow 20,000 fails to yield in best week for US stocks in month

New York - Arab Today

Yet again, investors watched the Dow Industrial Average stop just short of the 20,000 level, even as US equities resumed their post-election rally with the best week of gains in a month. Much of Wall Street spent Friday afternoon transfixed as the Dow made half a dozen passes at the milestone and each time fell excruciatingly short. The average, whichRead more

The Evolving Model of All-Inclusives

New York - Arab Today

It’s time to reexamine what we think we know about all-inclusives. With resort-within-a-resort concepts, a range of new dining options, adults-only hideaways, and a newfound focus on health and well-being, the all-inclusive product has changed dramatically over the years. Fortunately for travel professionals, this maturity and diversification in offerings has led to a wider target audience and, ultimately, greater sellingRead more

Chinese Economy Faces Opportunities, Challenges

New York - Xinhua

The Chinese economy boasts a lot of opportunities to move forward despite concerns of a growth slowdown, economists and experts told a forum on Friday. At the sixth Conference on the Chinese Capital Markets held by the New York University's Centre on U.S.-China Relations, they also saw great growth potential in China following the expansion of the country's middle class.Read more

ADIB acts as sell side advisor to Oldendorff in sale of Eships

Abu Dhabi - WAM

Abu Dhabi Islamic Bank, a leading financial services group, has acted as the exclusive sell side advisor to Egon Oldendorff GmbH & Co. KG, part of the Oldendorff Group, the bank announced. Oldendorff is one of the world's largest dry-bulk operators, ADIB acted on the full sale of its subsidiary Emirates Ship Investment Company LLC. This deal is the firstRead more