News

Bloomberg The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter. The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the January 15 deadline, signaling its intent to make a formal offer. Hinduja is seeking a partner to ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP), sector of Dubai Economy intensified monitoring commercial outlets in the emirate, particularly those announcing promotional offers and discounts as part of the Dubai Shopping Festival and New Year season, to protect the interests of all consumers. The CCCP aims to do this by ensuring transparency and authenticity of the promotions ...

Abu Dhabi / WAM Yas Island Abu Dhabi has closed off 2019 with resounding success, sweeping up 32 awards and accolades for its attractions, infrastructure projects and developments. Mohamed Khalifa Al Mubarak, Chairman of Miral, said, “As we come to the end of another successful year, we are both proud and humbled to be recognised for excellence around the world. ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec), announced the opening of online registration for exhibitors, media professionals and visitors to participate in the fourth edition of the Unmanned Systems Exhibition and Conference (Umex), and Simulation and Training Exhibition and Conference (SimTEX), and the accompanying conference. The Higher Organising Committee of Umex and SimTEX exhibitions indicated that ...

ABU DHABI / WAM The Abu Dhabi General Services Company, Musanada, has announced the completion of construction works on the Mohamed bin Zayed School. Construction costs of the all-boys school reached AED170 million, Musanada revealed, adding that the project was undertaken as part of the Abu Dhabi Future Schools Programme (ADFSP). The handover process to the Abu Dhabi Department of ...

DUBAI / Emirates Business Dubai International Financial Centre (DIFC), a global top 10 International Financial Centre and the leading financial hub in the Middle East, Africa and South Asia (Measa), signed individual memorandums of understanding (MoU) with two leading institutions to fuel the region’s insurance sector by upskilling talent as well as promoting efficiency and improvement. MoUs were signed with ...

Bloomberg A senior Chinese diplomat said China will honour its phase-one trade commitments, and suggested that the US live up to theirs on issues such as Taiwan. In an interview with Chinese state television CGTN on December 28 night, Cui Tiankai, China’s ambassador to the US, also said talk of a new cold war was “very irresponsible.” The comments came ...

Bloomberg The UK is likely to drop its opposition to extending the Brexit transition period beyond 2020, European Union Trade Commissioner Phil Hogan said. In an interview with the Irish Times, Hogan said that Prime Minister Boris Johnson had previously pledged to “die in a ditch” rather than extend an earlier deadline of October 31 to exit the bloc — ...

Bloomberg The next decade could see growing demand for behavioural scientists, data analysts, upcycled clothing designers and even digital detox consultants. Brexit, climate change, an economic slowdown and technology are among the factors that could have the greatest impact on jobs in the 2020s, according to the UK’s Royal Society for the encouragement of Arts, Manufactures and Commerce. It looked ...

Bloomberg Over the past 10 years, Netflix Inc has led a revolution in the way the world consumes entertainment, and in doing so, it ruled over Wall Street. The shares have soared nearly 4,100% since the end of 2009, a gain that at one point made Netflix a larger company than Walt Disney Co by market value. No other S&P ...