The Saudi Arabia sovereign fund invested $ 3.5 billion in Uber, bringing in $ 11 billion for the investment reserves of the American app, now owning 5% of Uber. This is the largest investment ever made in a private company by the fund: its general director Yasir Al Rumayyan will enter the board of directors.
While in the Middle East Uber is spreading more peaceful and comprehensive way, one of the cities where it is growing most is Cairo. As the Financial Times notes, in Saudi Arabia, Uber is popular as a result of the transport needs, due to the fact that women are forbidden to drive.
The Zhukovsky airport, the fourth Moscow International site, opened its doors despite the decline in air traffic caused by the economic downturn and the international sanctions imposed on Russia.
Inaugurated by Prime Minister Dmitry Medvedev, the airport is located in the small town of Ramenskoye, near Moscow; it is the only airport in the Russian capital belongs to foreign investors, and by 2017, it will be quoted on the Stock Exchange, the first airport in the country. The first airport operator is the Air Kyrgyzstan, Kyrgyz airline, whose flights are being transferred to the new airport in the airport Domodedovo. The airport management company, Ramport Aero, said that will have a capacity of 4 million passengers a year.
The manufacturer of luxury watches Greubel Forsey, for the first time in its history, is forced to lay off, but the deleted jobs are only five, compared to the ten originally planned. This was stated in an interview with "L’Agefi", co-founder Stephen Forsey society.
"We were 115 and now we have 110," but "our priority is to maintain the continuity." Greubel Forsey produces watches, only cent a year, whose prices range from 200,000 to 1.5 million Swiss francs, made for a high range of collectors.
Emissions from new cars, registered during 2015 in the EU, are lower than those of 2014 and less even than the target, according to preliminary data published by the European Environment Agency. Only Estonia and Latvia are still higher than average levels of emissions targets, while all other EU countries have already achieved it. The Netherlands, with an average of 101.2 g / km of CO2, reached the lowest level emissivity between EU countries. Manufacturers will have to further reduce CO2 emissions, to achieve the second objective set at 95 g / km by 2021.
It was a rumor, but today the confirmation came: the next 25 November Raiffeisen will close four of its ten branches in the Three Valleys, Acquarossa, Giornico, Piotta and Pollegio.
The other six locations – Airolo, Faido, Olivone, Malvaglia and Biasca Lodrino – instead remain open and enhanced by the banking group. The reorganization will not lead to job cuts.
Credit Suisse retired from private banking activities in Panama: the local advisory units, which includes about twenty employees, will be closed, indicated a spokesman for the bank, confirming a news released by the Swiss portal Finews financial news.
According the press officer, withdrawal from the Central American country had long planned and therefore is not a decision following the Panama scandal Papers, confidential documents on popular offshore company last April.
Switzerland becomes again in second place in the ranking of the most competitive countries compiled by the Institute for Management Development (IMD) in Lausanne. Last year she was ranked fourth, losing two positions, because of the strong franc.
Hong Kong leads the ranking, displacing the first place, occupied the last three years by the United States, now dropped to third place. The US economic power is no longer enough to make her stand out in the ranking of the most competitive countries, as reported by the press today the institute.
Volkswagen opens 2016 with an increase in operating profit and net profit decline: the German group closed the first quarter with an operating profit of 3.44 billion Euros against 3,228 in the same period of 2015 (+ 3.4%) despite a decline by the same percentage of revenues, decreased to 50.9 billion from 52.7. The decrease in revenues stems in part from the decline in sales (-1.2% to 2.577 million units) and in part by currency factors.
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