Nir Kaissar There’s a strange disconnect today between some investors’ trepidation about US stocks and the soothing signals coming from the equity market. As my Bloomberg colleague Barry Ritholtz recently noted, a whole bunch of high-profile money mavens — Stan Druckenmiller, George Soros and Bill Gross included — are kvetching about the dangers lurking in U.S. shares (among other ...

  Max Nisen Disappointing earnings. Substantially lower guidance for 2016. A CFO departure. A suspended dividend. A drug-pricing controversy. Oh, and a libel suit against a chicken farmer. All were features of Concordia International’s unusually calamitous earnings report on Friday. For a day, at least, the Ontario-based specialty pharma firm one-upped its better-known progenitor Valeant, which has had a mixed ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC), on Sunday announced the commencement of the second phase of expansion and development of Al Ain Convention Centre (AACC). The Phase II expansion work is in line with ADNEC’s strategy to promote and strengthen the high-potential business tourism industry in Al Ain. Aimed at enabling the exhibition and ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has begun implementing the third phase of the SAP-Business Planning and Consolidation (BPC) module, for planning and budgeting processes. BPC allows online budgetary requests across DEWA divisions, for Capex (Capital Expenditure) fund requirements, and Opex (Operational Expenditure) fund requirements, along with necessary approvals. “DEWA continuously cooperates with the largest ...

  Al Ain / WAM Al Foah Company, an Abu Dhabi-based firm, seeking to make the UAE’s dates sector financially viable and internationally competitive, has announced that it expects to receive more than 103,000 tonnes of dates during the current season from more than 17,000 farmers from all over the country who will market their dates at eight centres specialised for ...

  LAHIJ / WAM The Emirates Red Crescent (ERC) has opened two schools in Tuban District in Lahij Governorate, Yemen, as part of the nine schools being revamped by the authority in the first phase. The ERC office also presented 200 blackboards, as part of its ongoing support for the educational process in Yemen and its keenness to provide appropriate facilities ...

  Dubai / WAM The Emirates Central Cooling Systems Corporation (Empower) has saved 4.8 percent more energy as compared to the same period last year during the second month (July 2016) of its summer campaign ‘Saving Starts at 24 C’. The outreach campaign targets all of Empower’s customers and aims to reduce district cooling as well as electricity consumption and protect ...

  Dubai / Emirates Business Global government and technology experts set to speak at GITEX Technology Week have praised Dubai for developing new Smart City benchmarks. Smart Cities use technology to analyse data sent from sensors over Wi-Fi networks to enhance daily lives and governance. Prominent use cases include solving challenges such as traffic congestion and utilities distribution, and launching ...

  Dubai / Emirates Business CAREEM, the MENA region’s leading car booking app, announced its partnership with Etisalat as it launches its new payment platform – CAREEM Wallet – for booking car rides. CAREEM Wallet allows the company’s customers to pay for car rides using Etisalat’s Reward points or choose to earn Etisalat Reward points as they use CAREEM services. ...

  Dubai / Emirates Business Golden Sands Hotel Apartments, part of A.A. Al Moosa Enterprises and pioneered the concept of hotel apartments in the region, announced its participation in a 10-day road show to India to promote Dubai as a key destination for Indian travellers. From August 22 to 31, the team of Golden Sands Hotel Apartments will join Lama ...