Tuesday 3 May 2016
 
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RAK to host European Golf Challenge Tour

Ras Al Khaimah will be the hosting of its first European Golf Challenge Tour event this October, the RAK Tourism Development Authority has officially announced. Following an MOU in 2015, RAK Tourism Development Authority officiall

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Mondelez seeks European cheese and grocery asset sale

Mondelez International is exploring a sale of its European cheese and grocery business, which could be valued at around $3 billion, according to people familiar with the matter, as it sharpens its focus on snack foods and refreshments.

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‘Grexit is unlikely to affect European equities’

European equities are set to remain positive on the outlook should an €86 billion bailout never happen, despite expecting near term volatility given the recent strength in markets, according to an expert.      T

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Europeans lead outcry over latest FIFA scandal

Leading figures from across European soccer voiced dismay on Wednesday over the latest scandal to engulf FIFA, the game's powerful governing body, with many of them calling for its presidential election set for Friday to be postponed.

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One-third Europeans ‘potentially expose to asbestos’

One third of the 900 million people living in European countries are potentially exposed to asbestos at work and in the environment, according to a new United National report. A high-level meeting on environment and health in Euro

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Asry enters into negotiations with European fleets

Asry, a leading Bahrain-based rig and ship repair yard, has entered into new negotiations with several European fleets. The company said it has seen several new business prospects come online as a result of exhibiting at SMM Hambu

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Asry eyes more business from European firms

Bahrain-based leading ship and rig repair yard Arab Shipbuilding & Repair Yard Company (Asry) is eyeing more repair and maintenance business from European shipping companies. This follows a visit by a delegation from one of Eu

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MBC eyes European football leagues coverage rights

Dubai-based MBC Group is eyeing rights to cover European football leagues as part part of its most recent expansion which included the launch of four sports channels. Sheikh Waleed Al-Ibrahim, chairman, said the group is consideri

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Barclays 'to cut thousands of jobs'

Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t

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Mideast SWFs invest in European industrial market

The European industrial and logistics real estate market saw more investment from sovreign wealth funds (SWF) in the Middle East, said a report. It has attracted more than 14 billion euros ($19.1 billion) of investment in 2013, th

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