The European Union is going through painful contortions to put off keeping its promises of visa-free travel to neighboring countries. The promises were made in rosier, pre-Brexit, pre-Trump times. Now they’re a liability. One of the main reasons poorer countries in Europe want a closer relationship with the EU is for the opportunity of borderless travel. It’s a coveted ...
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Fact-free Black Friday hype is here to stay
Nov. 25 marked Black Friday, which once was considered the beginning of the holiday shopping season, though the start these days is even earlier thanks to endless hype by the retailing industry. News reports today are filled with tales of increased traffic, decreased spending, tremendous discounting. As was widely reported, sales fell because of deep price cuts, even as ...
Read More »Put your faith in constitution, not ‘democracy’
When my colleague Lawrence Lessig argued at Medium that members of the Electoral College should break faith and vote for Hillary Clinton instead of Donald Trump, I chalked it up to the brilliantly contrarian Larry being brilliant and contrarian—even if wrong. But when, over the holiday weekend, the Washington Post published his op-ed making the same argument, it made ...
Read More »UAE remains resilient to drop in oil prices
Abu Dhabi / WAM On the occasion of the 45th National Day celebrations of the United Arab Emirates, the Emirates News Agency (WAM) issued a series of reports regarding the achievements of the state over the past year. In part five, we examine the state of the UAE economy. 2016 saw a sudden drop in oil prices that took ...
Read More »ADP, Kuwaiti company sign pact to build AED10mn manufacturing plant in KIZAD
Abu Dhabi Emirates Business Abu Dhabi Ports (ADP), the master developer, operator and manager of the Emirate’s commercial and community ports as well as Khalifa Industrial Zone, and Integral Plastic Industries Co. LLC on Tuesday signed a Musataha agreement to build a new manufacturing plant in Khalifa Industrial Zone (KIZAD) with an investment of AED10 million. The agreement was ...
Read More »Vice President of the Oriental Republic of Uruguay Visits The Sustainable City
Dubai / Emirates Business The Sustainable City received the Vice President of Uruguay, H.E. Raúl Fernando Sendic RodrÃguez recently, the region’s first fully sustainable community hosted a big commercial delegation that included, H.E. Dr. Nelson Yemil Chaben Ambassador of Uruguay to the UAE, Mr. Daniel Fernández, Vice-president ´s Chief of Staff, Mr. Carlos Fagetti, General Director of the Ministry ...
Read More »UAE theme parks to welcome 19mn visitors by 2020
Dubai / Emirates Business The UAE’s existing and new generation theme parks will attract more than 19 million admissions a year by 2020 if current trends continue, according to data released by Colliers International ahead of Arabian Travel Market 2017. The prediction is made using existing admissions and arrivals data for Yas Island’s Ferrari World and Waterworld and Dubai’s ...
Read More »Lufthansa loses German court attempt to halt pilot strike
Bloomberg Deutsche Lufthansa AG lost a German court bid to prevent pilots from resuming strikes on Tuesday in a labour dispute that has caused almost 4,500 flight cancellations this month. The Munich Labor Court denied the airline’s request for an injunction preventing the two-day walkout at the mainline Lufthansa brand, putting the pilots on track for their longest-ever work ...
Read More »Flynas to decide on order at Airbus or Boeing
Bloomberg Saudi Arabian low-cost airline Flynas expects to decide “very soon†on an order for as many as 100 planes from either Airbus Group SE or Boeing Co. that it previously targeted for mid-2016. The carrier will communicate a decision to the planemakers “within the next few days or weeks,†Flynas Chief Executive Officer Paul Byrne said in a ...
Read More »Bombardier sees engine delivery issues overcome by 2017 end
Bloomberg Bombardier Inc. is on track to overcome delays in shipments of engines for its brand-new C Series jetliner by the end of next year, according to the head of the company’s commercial aircraft unit. “It’s going to take mostly through 2017 to get right back on track,†Fred Cromer, Bombardier’s commercial aircraft president, told reporters Monday in Mirabel, ...
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