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finance & economy

Oct 19

CDIB Capital Group Appoints Mr. Angelo J.Y. Koo as Chairman to Lead Global Asset Management Business

CDIB Capital Group Appoints Mr. Angelo J.Y. Koo as Chairman to Lead Global Asset Management Business

China Development Financial (“CDF”, TWSE: 2883) announced in 2H19 investor conference that its subsidiary CDIB Capital Group (“CDIB”) has achieved NT$41.1bn in AUM of its private equity funds at end-September, successfully transforming its proprietary investment business into an asset management model. Recently, the CDIB Board has appointed Mr. Angelo J.Y. Koo as Chairman to lead CDIB towards a global asset management brand. CDIB has been focused on expanding global investment portfolio, the newly launched “CDIB Intelligence Partners Fund” as an example. On a projected scale of up to US$75mn, the fund is actively......

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Oct 19

Chinese tech firm Huawei to Donate Equipment to AURAK

Chinese tech firm Huawei to Donate Equipment to AURAK

Chinese tech giant Huawei is to donate equipment to the American University of Ras Al Khaimah (AURAK) to set up the first Huawei ICT Academy in the United Arab Emirates.

Representatives of Huawei visited the AURAK"...

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Oct 18

PTC Launches Global Event Series with FT Live to Help Industrial Enterprises Embrace Digital Transformation

PTC Launches Global Event Series with FT Live to Help Industrial Enterprises Embrace Digital Transformation

PTC (NASDAQ: PTC) today announced the launch of Digital Transformation: The New Reality World Tour, a new event program that extends the excitement of the annual PTC LiveWorx® event. The new event program features the debut of the FT-PTC Future of Industrial Innovation Global Series, produced with FT Live, the global events arm of the Financial Times. As a component of The New Reality World Tour program, this insightful series will empower leaders of industrial companies to achieve success with their digital transformation strategies. According to McKinsey & Company, more than 70% of large-scale digital transformation efforts are likely......

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Oct 18

Andersen Global Expands in India With Membership of Nangia Andersen LLP

Andersen Global Expands in India With Membership of Nangia Andersen LLP

Andersen Global continues to expand its footprint in the East, announcing the addition of a new member firm in India, Nangia Andersen LLP.

Andersen Global debuted in India over a year ago when Nangia Advisors LLP"...

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Oct 17

Insurance profits grow by 14 percent

Insurance profits grow by 14 percent

The combined net profit of insurance companies increased by 14 percent to $174.1 million in 2018 compared with the previous year, according to the Insurance Control Commission (ICC)’s annual report for 2018.

The jump in profits was driven by a one percent increase in"...

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Oct 17

Pioneer Cement of UAE to develop US$200 million Greenfield Cement Project in Georgia

Pioneer Cement of UAE to develop US$200 million Greenfield Cement Project in Georgia

The UAE based Pioneer Cement Industries (“Pioneer Cement”), part of Oman based Raysut Cement Company SAOG (RCC) is in the process of setting up a 1.2 m tonnes per annum capacity integrated cement plant in Georgia, Eastern Europe.

Pioneer"...

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Oct 17

CrossFit, Inc. in Search of Fittest Woman and Man in Every Country

CrossFit, Inc. in Search of Fittest Woman and Man in Every Country

At the conclusion of the 2020 Reebok CrossFit Games Open in October, CrossFit, Inc. will find the fittest man and woman in every eligible country participating in the worldwide CrossFit Open and crown them national champions. National champions automatically qualify for the 2020 Reebok"...

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Oct 16

 Lebanon refines plan to keep fuel flowing to consumers

Lebanon refines plan to keep fuel flowing to consumers

Lebanon's fuel importers warned of higher costs for consumers under a new arrangement with the government to address a looming supply crisis created by a shortage of dollars.

The currency shortage threatened"...

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Oct 16

Interview: Lebanon hopes to expand global market via 2nd China import expo: official

Interview: Lebanon hopes to expand global market via 2nd China import expo: official

BEIRUT, Oct. 15 (Xinhua) -- A total of 11 Lebanese companies will participate in the second China International Import Expo (CIIE) this year, hoping to broaden their market in China and the rest of the world, said Alia Abbas, general director of Economy and Trade at the Lebanese Economy"...

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Oct 16

Lebanon's house speaker urges officials to approve 2020 budget to avoid chaos

Lebanon's house speaker urges officials to approve 2020 budget to avoid chaos

BEIRUT, Oct. 16 (Xinhua) -- Lebanese House Speaker Nabih Berri warned on Wednesday that Lebanon is about to go into chaos if officials do not approve the 2020 budget, Al Joumhouria local newspaper reported on Wednesday.

Berri"...

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