Dubai Aerospace Enterprise (DAE) Ltd has announced the signing of a definitive agreement to acquire 100 percent of the AWAS group of companies, a global leader in aircraft leasing. The deal has been struck with funds managed by Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. Terms of the transaction were not disclosed. AWAS is one of the world’s leading aircraft leasing companies, with […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the U.S. announced new duties […]
The Home Office is trying to discourage EU nationals from applying for permanent residence in the UK to avoid being deluged by applications after the triggering of the Article 50 Brexit clause. According to new guidance released this month, EU citizens are instead advised to sign up for emailed news alerts that will tell them if and when they need to take action over their UK residence. […]
The Lafarge scandal, as it became known in the French media, stoked ire among critics who accused the company of seeking to improve profitability despite growing danger for its employees. The situation underscores the difficulty of doing business in war-torn regions. The company has argued that its local managers saw little recourse other than paying off armed groups to guarantee the safety of staff members and keep […]
Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That might make it a good time to buy into a Saudi bank. And substantial stakes in two of them are up for sale. But in both cases, it’s international lenders who are seeking to get out – and there are no big-name global […]
Tough day for anyone running Webroot antivirus. A malware signature update issued by the company on Monday triggered the software into mistakenly flagging Windows system files as malware, melting down millions of managed systems around the world. The problem began in the afternoon on the US east coast when the antivirus product began falsely marking those files as W32.Trojan.Gen, otherwise known as generic malware. That moved crucial […]
The finalized prototype of Google self-driving car. First, it was just a dream. Then it became a quirky research project undertaken by a handful of the nerdiest engineers in the robotics industry. Now self-driving cars are on the brink of transforming transportation. The industry creating the technology for autonomous vehicles has morphed from a collaborative space of free-flowing ideas into a high-speed road race where the winners […]
· Emaar Hospitality Group, which marks its tenth year in operation, now has 26 upcoming projects · Showcases its portfolio of 10 operational hotels and three serviced residences, and other new properties at the premier travel, tourism and hospitality event 24 April 2017 Dubai, UAE – Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, today unveiled six new hotel projects as part of […]
More than 6.15m passengers passed through Abu Dhabi International Airport in the first quarter of 2017, a rise of 1.8 percent, according to figures released by its operator on Monday. Airport management reported that its leading five destinations over the period – London, Bangkok, Bombay, Doha, and Jeddah – accounted for 17.3 percent of the airport’s total passenger traffic, state news agency WAM reported. It added that […]
Newsrooms around the world are experimenting with virtual reality more and more, but mass adoption of the medium has been slowed by the lack of quality content and an industry-wide inability to make money from it. That’s the gist of a new report, released this evening by the Reuters Institute for the Study of Journalism, that tracks adoption of and experimentation with virtual reality at major legacy […]
By Sam Nussey and Ritsuko Shimizu | TOKYO TOKYO Japan’s growing labor shortage threatens the nation’s ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7. The big three “combini” operators 7-Eleven, FamilyMart and Lawson, which have expanded through Japan’s long slump, are scrambling to ease the pressure on franchisees by offering a mix […]
Photo Steven Mnuchin, left, the secretary of the Treasury, announced sanctions on Monday in response to a chemical weapons attack in Syria. “The United States is sending a strong message with this action that we will not tolerate the use of chemical weapons by any actor,” he said. Credit Stephen Crowley/The New York Times WASHINGTON — The Trump administration on Monday imposed sanctions on 271 employees of […]
KUALA LUMPUR • Malaysian Prime Minister Najib Razak has launched a 10- year programme to help the country’s Indian community, promising to raise its members’ incomes and educational levels, open up business opportunities and reserve more jobs for them in government. Calling it the Malaysian Indian Blueprint, or MIB, Datuk Seri Najib pledged on Sunday that most of its main components will be delivered within a decade. […]
24 April 2017 Dubai – Dubai master developer Nakheel today broke ground on a new, 375-room hotel at Ibn Battuta Mall, with a total project value of AED240 million. The ground-breaking ceremony – Nakheel’s second in a week – was led by Chairman Ali Rashid Lootah and comes a month after the company handed a construction contract worth AED184.5 million to Dubai-based Parkway International Contracting LLC to […]
Dubai Mall, one of the world’s biggest shopping centres, was plunged into darkness on Monday evening after experiencing a power cut for nearly two hours. According to photos posted on social media, hundreds of shoppers were forced to wander the mall in the dark. Lights went out and escalators stopped working at about 7.15pm local time. At just before 9.15pm, Dubai Media, which initially announced the power […]
According to newly unsealed documents, a federal court in California ruled that it is unlawful for Adobe to remain under an indefinite gag order regarding a search warrant for one of its users. In the ruling, the Los Angeles court concluded that the government had not made a sufficient argument to support the ongoing nature of a gag order it issued to Adobe 2016. Effectively, Adobe successfully […]
By Toby Sterling | AMSTERDAM AMSTERDAM U.S. paint maker PPG Industries (PPG.N) raised its proposed offer for Akzo Nobel (AKZO.AS) by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks. PPG said its proposal was a “final” invitation to Akzo to enter negotiations and included a break fee in case the deal was rejected […]
Security is the Internet of Things’ (IoT) Achilles heel. One reason that’s so is there is a lack of common IoT development standards. The Linux Foundation, along with 50 companies, is addressing this by building a common open-framework for IoT edge computing and an ecosystem of interoperable components under a new open-source consortium: The EdgeX Foundry. EdgeX is seeking a common open-source framework for the IoT. The […]
Enviroserve UAE has signed an agreement with Dubai Wholesale City for the construction of a 228,000 sq ft electronics and specialised waste recycling plant at Dubai Industrial Park. Backed by the Swiss Government Export Finance Agency, the AED120 million project represents one of the largest foreign direct investments in the field of environmental management in the UAE, a statement said. It added that the facility will serve […]
DUBAI: The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of “bullying,” as he announced new US routes in defiance of mounting airport restrictions.US carriers Delta, United and American Airlines have accused Qatar Airways along with Dubai’s Emirates and Abu Dhabi’s Etihad of benefitting from government subsidies to expand their transcontinental networks.They have urged US President Donald Trump to […]
Saturday, April 29, marks what may be a bittersweet anniversary for the Administration: it is President Trump’s 100th day in office. It could also mark Day 1 of a government shutdown if Congress doesn’t pass a spending bill authorizing funding, or if the president doesn’t sign it before then. This is a risk the GOP will be eager to avoid, although in recent days chatter has again […]
InterContinental Hotels Group announces new signings as well as openings across its MEA brand portfolio at the UAE’s Arabian Travel Market and Arabian Hotel Investment Conference 24 April 2017 Dubai, United Arab Emirates – InterContinental Hotels Group® (IHG), one of the world’s leading global hotel companies, announced four new hotel signings as well as six new hotel openings across the GCC in 2017 at the Arabian Travel […]
Microsoft plans to make the first of its promised integrations between Dynamics 365 and LinkedIn available to customers this Summer. On April 24, Microsoft officials said the company will be ready to integrate Dynamics 365 for Sales with LinkedIn’s Sales Navigator as of July 2017. This integration will help users who have both Dynamics 365 Sales and LinkedIn to get contextual recommendations, provide tailored content, as well […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work on Monday as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation. The Republican president took to Twitter on Sunday to warn Democrats that the Affordable Care Act, popularly known as Obamacare, could soon […]
