Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), on Wednesday announced its support for the UAE Genetic Diseases Association (UAEGDA), a non-profit organisation that aims to reduce the prevalence and impact of common genetic disorders in the UAE and support the national agenda of healthcare. The Sheikh Zayed Research Centre, under UAEGDA is a fully licensed genetic ...
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62 percent people in UAE shop online
Dubai / Emirates Business Digitalks, Middle East’s first digitally-focused conference series ended on a high note, with an impressive line-up of visitors and international participants tackling the most pressing issues facing the digital communications industry on Wednesday. The launch of Digitalks brought together some of the most accomplished and creative minds in the business, providing a new platform for industry ...
Read More »Curtin University launches engineering programs in Dubai
Dubai / Emirates Business Curtin University, a leading global university from Perth, Western Australia has announced the launch of its renowned engineering programs at Curtin University Dubai. Curtin is internationally recognised as a leader for engineering education and research. The University is ranked second in the world for Mineral and Mining Engineering according to the QS World University Rankings by ...
Read More »Macron balks at price-tag for Paris’s grand transport plan
Bloomberg A massive extension of the Paris metro system that would see miles of tunnels dug around the French capital is becoming one of President Emmanuel Macron’s biggest headaches. The $47 billion infrastructure project, dubbed ‘Grand Paris,’ will involve building 200 kilometres of track and 68 stations but it’s being delayed because the government can’t decide which of the lines ...
Read More »Euro-area economy posts best growth in 12 years
Bloomberg The euro-area economy strengthened further at the start of 2018, bringing with it signs of a long-awaited pickup in inflation. The improvement lifted IHS Markit’s Purchasing Managers’ Index to 58.6 from 58.1 in December, higher than economists had forecast. The gauge is now at a level suggesting quarterly economic growth of close to 1 percent, according to the report. ...
Read More »UK labour market unexpectedly strong as employment rises
Bloomberg The UK labour market displayed unexpected resilience in the three months through November as employment jumped and wage growth ticked higher. The number of people in work rose 102,000 to a record high, confounding market expectations that employment would fall. Basic pay growth quickened to 2.4 percent, the highest in almost a year, though it still lags well behind ...
Read More »German manufacturers to defuse labour spat
Bloomberg Daimler AG, Siemens AG and other German manufacturers are under pressure to make concessions to employees as more disruptive walkouts loom in a contract dispute over wages and work hours. At talks, the IG Metall union is pushing employers to raise pay 6 percent and subsidise wages for workers reducing hours to care for kids or older family members. ...
Read More »Google CEO open to paying more tax
Bloomberg Google is willing to pay more tax globally, Sundar Pichai, the CEO of the largest business unit of Alphabet Inc., said on Wednesday at the WEF in Davos, Switzerland. “We are happy to pay more tax, whatever the world agrees to,†Pichai said. But he said the question was where Google should pay it. Critics have accused large US ...
Read More »US: The trade war is just starting
Bloomberg Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and harassment, to the risks and opportunities of artificial intelligence. Not to mention hear a speech by US President Donald Trump. The second day at Davos saw German Chancellor Angela Merkel, French ...
Read More »HNA faces debt wall
Bloomberg Chinese conglomerate HNA Group faces rising bond maturities this year even if it’s able to navigate current difficulties in repaying debt to banks. HNA is under mounting pressure as several banks are said to have frozen some unused credit lines to its units after missed payments. That follows a $40-billion-plus buying spree that saw the conglomerate emerge from obscurity ...
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