Mining giant vows to scrap $3b plan if opposition soars

Santiago: Anglo American Plc will scrap its next big copper project if studies indicate the plan could harm nearby glaciers or there’s major opposition from local communities in Chile, a top executive says. The London-based company will file for environmental approval of the $3 billion (Dh11 billion) project to increase production at its Los Bronces […]

Kingdom Holding seeks next unicorn, avoiding Aramco bonds

Abu Dhabi: Saudi Arabia’s Kingdom Holding, the conglomerate owned by Prince Al Waleed Bin Talal, is on the hunt for the next Careem as it seeks riskier investments, its boss said. Talal Ebrahim Al Maiman, the company’s chief executive officer, said the company is now mainly looking at investments in Saudi Arabia where it sees […]

Sleep Expo: The $28 billion revolution in rest hits Dubai

Dubai: What kind of value would you put on a third of your life? That’s the question that a number of companies are looking to pose over the next three days, as the first Sleep Expo Middle East gets underway in Dubai on Thursday. “We’re trying to solve the problem of sleeping,” said Taher Patrawala, […]

UK economy set for a stronger quarter as output rises again

London: The UK economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government. Gross domestic product rose 0.2 per cent in February after a 0.5 per cent jump in January. That means the economy will expand 0.5 per cent in the first quarter if GDP […]