Bloomberg Santa Claus was perched on his throne at the Bloomingdale’s in midtown Manhattan. It was slow, a weekday before the after-school rush, so he knew what to expect: grown-ups. “When it’s quiet,” Santa said, “you get more adults taking selfies.” Sure enough, minutes later a woman walked past the giant FAO Schwartz stuffed animals and caught his eye. “Can ...

Bloomberg Bitcoin rebounded along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble. The double-digit bounceback was strongest with second-tier digital coins. Bitcoin cash soared 21 percent and litecoin gained 12 percent as cryptocurrency traders regained optimism. They weren’t put off by comments published ...

Reuters Gulf stock markets slipped on Sunday as trading volumes were mostly low because of the absence of many foreign investors for Christmas holidays. Egypt rose to a record high but volume was very low there too. The Saudi index fell 0.4 percent as telecommunications firm Zain Saudi lost 2.0 percent and rival Mobily dropped 2.4 percent. Arabian Cement fell ...

Dubai / Emirates Business In an unprecedented milestone in the history of Aviation, the Emirate of Dubai witnessed the implementation of the new designed airspace that enhances its efficient utilization to cater to the growth and the expansion plans in the sector. Spearheaded by Dubai Air Navigation Services (dans), the air navigation services provider of Dubai and the Northern Emirates, ...

ABU DHABI / WAM The Abu Dhabi Sustainability Group (ADSG), held a session that focused on ‘Natural Capital as the Road to A Prosperous and Resilient Economy’. The session examined and analysed what natural capital means, introduced the Natural Capital Protocol that provides updates on the progress made internationally, regionally and locally and explored how all attendees can support the ...

Dubai / Emirates Business Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, recently kicked off its Youth Business Voice series with an interactive workshop at Dubai’s Youth Hub entitled “Understanding Legal Aspects of Starting a Business.” The event, hosted at Emirates Towers in cooperation with the Youth Hub, provided young participants with an overview of ...

ABU DHABI / WAM The International Confederation of Midwives (ICM), selected Abu Dhabi to host its 33rd Triennial Congress in 2023. The emirate was selected in the face of stiff competition from both Chile and Germany. The Midwifery Society of the Emirates Nursing Association was supported in its bid by key stakeholders, including the Department of Culture and Tourism – ...

Abu Dhabi / WAM Etisalat on Sunday announced the successful launch of the first 5G Ultra-Mobile broadband experience in the region. A pre-commercial 5G network has been deployed in certain locations within the UAE including Abu Dhabi and Dubai. State-of-the-art 5G services have been demonstrated using an advanced 5G based drone that is equipped with 360 degree virtual reality, VR, ...

DUBAI / WAM The Dubai Electricity and Water Authority (DEWA), concluded its Climate Change Research and Learning Programme (CCRLP), in Wadi Wurayah, in Fujairah, in collaboration with the Emirates Wildlife Society – the World Wide Fund for Nature (EWS-WWF), and Fujairah Municipality. Three teams of 22 DEWA employees took part in the programme; part of DEWA’s efforts to raise awareness ...

Bloomberg As losses from an erupting volcano in Bali nears $1 billion, Indonesian President Joko Widodo and his deputy were expected to visit the island to show the world that it’s a safe destination for Christmas and new year holidaymakers. Widodo, also known as Jokowi, visited Bali and chaired a meeting of his cabinet, the president’s office said in a ...