Thursday 30 June 2016
 
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Germany

Hapag-Lloyd inks deal to buy UAE shipping firm

Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Company, paving the way for the second merger in two years to bolster the position of Germany’s biggest container-shipping line in an industry plagued by excess c

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Germany, UAE aim to further develop economic relations

The UAE and Germany will aim to strengthen economic relations and pursue opportunities for the development of partnerships between the two countries, following a meeting in Dubai between two top officials from the respective countries.

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Germany to invest $2.9bn in Iran solar sector

Germany will invest $2.9 billion in the Iranian province of Hamedan over a 10-year period to construct a solar power plant and other facilities, a report said. "A 12-member delegation held a meeting with Hamedan (Province)

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China's Midea launches $5bn offer for robot maker Kuka

Chinese home appliance maker Midea formally launched a €4.5 billion ($5.1 billion) offer for German industrial robot maker Kuka on Thursday, reiterating its aim to acquire more than 30 per cent of the company. Midea, which al

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Iran eyes closer business ties with Germany

Iranian Foreign Minister Mohammad Javad Zarif called on Wednesday for closer business ties with Germany after talks with his German counterpart Frank-Walter Steinmeier. "The presence of German companies and banks in Iran, and

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Iran, Germany to cooperate in copper industry

Iran Mines and Mining Industries Development and Renovation (IMIDRO), a major state-run holding company involved in the mining sector, and Germany-based Aurubis, a leading integrated copper group, have announced plans to cooperate in the copper

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Grohe launches new shower range in style

Grohe the world’s leading sanitary manufacturer, announced the regional launch of its new innovative product, the Tempesta- F, in style with a spectacular water show held in Dubai. The launch, held at Park Hyatt Hotel, was p

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Germany probes sexual attacks on women at music festival

German prosecutors are investigating claims by 26 women that they were sexually harassed at a music festival in the western city of Darmstadt at the weekend and police have arrested three men with Pakistani backgrounds, a police spokesman said o

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Expo Centre's role in attracting German business

Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, recently emphasised the organisation’s role in helping German establishments and investors find a foothold in the country as well as the entire region. “By participating an

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Lufthansa suspends Caracas flights

German airline Deutsche Lufthansa said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars. In

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