NEWS IN REAL TIME
PARIS | FRANCE - LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings. The French group’s $16 billion acquisition of the U.S. jeweler … Continue reading BUSINESS | LVMH Submit Disputed Tiffany Takeover For EU Clearance
MILAN | ITALY – Saudi Arabia’s crude oil exports bounced back to 5.73 million barrels per day (bpd) in July from 4.98 million bpd in June, official data showed on Thursday. June’s exports were the weakest recorded in data stretching back to 2002. Monthly export figures are provided by Riyadh and other members of the … Continue reading BUSINESS | Saudi Arabia’s July Crude Exports Tick Up From Historic Lows – JODI
DUBAI – The Israel and Dubai diamond exchanges have signed an agreement to promote cooperation in a deal certain to boost direct trade between the Middle East’s main diamond hubs. The agreement was announced on Thursday two days after Israel and the United Arab Emirates signed an historic agreement to normalize ties and marks a … Continue reading BUSINESS | Israel, Dubai Diamond Exchanges Begin Strategic Collaboration
Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. Tariffs. Wednesday’s announcement came after the deal’s value had been eroded by wider industry troubles caused by the coronavirus pandemic. The Paris-based conglomerate said that … Continue reading BUSINESS | Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany
RIYADH | Saudi Arabia’s state grain buyer SAGO said on Sunday the second and final stage of the bidding process for its mills had started. The kingdom is selling its entire flour milling business, in a long – awaited privatization that marks one of the first sales of the country’s state – owned assets. The … Continue reading BUSINESS NEWS | Saudi Arabia Starts Final Phase Of Its Mills Privatisation
MILAN | ITALY – After more than a year on the skids, Maserati has taken the wraps off a new high performance sports car which parent Fiat Chrysler hopes will help turn the brand into the ‘crown jewel’ of its merger with France’s Peugeot. The sleek and super – lightweight MC20 offers acceleration from zero … Continue reading LIFESTYLE | Maserati Aims To Be ‘Crown Jewel’ Of FCA-PSA Merger With New Super Car
RIYADH - The Saudi Ministry of Investment said it has issued more than 500 licenses for foreign investments during the first half of 2020, despite the repercussions of the COVID-19 pandemic. The ministry granted 506 licenses during the first half of the year, registering a 20 percent growth in foreign investment in the first quarter, … Continue reading BUSINESS | Saudi: 500 Licenses for Foreign Investments Granted in H1
MILAN | ITALY – Israel and the United Arab Emirates agreed on Tuesday to set up a joint committee on financial services cooperation with the aim of promoting investment between the two countries, an Israeli statement said. Israeli and UAE officials meeting in Abu Dhabi signed the understanding, Israeli Prime Minister Benjamin Netanyahu said in … Continue reading BUSINESS | Israel And UAE Agree To Cooperate On Financial Services: Israeli Statement
ABU DHABI – The president of the United Arab Emirates has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news agency WAM reported on Saturday. The decree from UAE President Khalifa bin Zayed Al Nahyan aims at ‘supporting bilateral cooperation in … Continue reading BUSINESS | UAE Cancels Israel Boycott, Allows Economic Agreements: State News Agency
To celebrate the upcoming 25th James Bond ‘No Time To Die’, Aston Martin’s bespoke division is releasing two special 007 editions of the Vantage and DBS Superleggera. Just as much as one associates a martini ‘shaken and stirred’ with special agent 007 James Bond, it is undoubtedly British automaker Aston Martin that jumps to mind … Continue reading LIFESTYLE | Aston Martin’s New 007 ‘No Time To Die’ Inspired Vantage And DBS Superleggera
