Edward Niedermeyer After a 17-year-old Texas woman became the 10th American killed by exploding Takata airbags last month, it was revealed that while the vehicle had been recalled, it had never been taken in for repair. This is tragic but not surprising: Only about a third of the nearly 29 million recalled Takata airbags have actually been replaced. This ...
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Chinese leaders have good reason to go slow on reform
China’s critics are united on one point: The country’s central problem is that it’s moving too slowly to embrace free markets. For now, however, the bigger risk lies in moving too fast. It’s important to remember how China reached this point. For any big economy, coordination poses a steep challenge. The problem is particularly acute at early stages of ...
Read More »Indonesia’s hesitancy on global stage
Indonesia is arguably the least well-known big country in the world, punching far below its weight when it comes to foreign affairs. Now comes a golden opportunity to change that – a seat on the United Nations Security Council (UNSC) due next year, or in 2018. The timing could not be more apt, coming right as the country has ...
Read More »Europe bought itself a reprieve from refugees
There is an excellent reason for German Chancellor Angela Merkel to want a good relationship with Turkish President Recep Tayyip Erdogan: The European Union’s March deal with Turkey appears to have defused the refugee crisis for now. Merkel can now concentrate on political damage control and on restoring her position in the EU, undermined by a costly flutter of ...
Read More »Etihad Airways app to enhance travel experience
Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has launched a mobile application for the iPhone that enables guests to organise and manage their journey with even greater ease as the airline continues to adopt innovative technology to reimagine the flying experience. Etihad Airways guests will enjoy 10 percent off flights, and members of ...
Read More »Awqaf and Minors Affairs posts 19% revenue rise
DUBAI / Emirates Business Dubai’s Awqaf and Minors Affairs Foundation (AMAF) has issued its annual report for 2015, recording a 19 percent growth in revenue to hit AED172 million compared with AED144 million in 2014. Over the past year, the Foundation has emerged as a global model for endowment development and nurturing of minors. In 2015, AMAF’s five endowment ...
Read More »Louvre Hotels to announce MENA expansion plans
DUBAI / Emirates Business Cementing its position as a major player in the Middle East and North Africa (MENA) hospitality market, Louvre Hotels Group, one of the largest hospitality groups in the world, has announced that it will open 11 new hotels in the region this year, including six hotels in the GCC. The move forms part of an ...
Read More »Virgin Mobile MENA recognised for impressive record
Dubai / Emirates Business The Virgin Mobile Middle East and Africa has been recognised for the most successful MVNO (Mobile Virtual Network Operators) globally at the MVNO World Congress of 2016. Following high competition in the region, Virgin Mobile MEA won top honour of the main award at this year’s ceremony for its unparalleled success breaking into and innovating ...
Read More »Tadweer holds ‘Your Happiness is Our Goal’ initiative
Abu Dhabi / Emirates Business Tadweer (the Center of Waste Management – Abu Dhabi) organised “Your Happiness is Our Goal†initiative at Al Ain Centre for Care and Rehabilitation by its Al Ain Branch, the initiative targeting the disabled people who require special care and attention from all members of the society. This initiative comes as part of a ...
Read More »Eastern govt tried to export 650,000 barrels: Libya’s NOC
TRIPOLI / Reuters Libya’s National Oil Corporation (NOC) said the country’s eastern government attempted to export 650,000 barrels of oil this week, but that workers at the Marsa el-Hariga terminal had refused to load the shipment. “This had the potential to be a very ugly incident and I am pleased that it has been resolved peacefully without injury to ...
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