News

Bloomberg Barneys New York Inc. is in talks with potential buyers of the rights to its name and trademarks as its advisers search for ways to salvage the luxury retailer, according to people with knowledge of the matter. Potential buyers include Authentic Brands Group LLC, a brand management firm that has snapped up intellectual property from several retailers in recent ...

Bloomberg A rebound in German factory orders in June might be as good as the news gets this week from Europe’s largest economy. Manufacturing is already experiencing its worst slump in seven years, and declining business confidence has raised the risk of a recession. While orders jumped 2.5%, erasing the decline in May, industrial production data due on Wednesday are ...

SHABWA/ WAM The United Arab Emirates through its humanitarian arm — the Emirates Red Crescent (ERC) — has provided relief aid to people affected by heavy floods in Merkhah As Sufla District in Shabwa, Yemen. The ERC team distributed 800 food baskets to 4,720 citizens and provided shelter camps for Yemenis whose homes were damaged by the floods. The move ...

ABU DHABI / WAM To boost Abu Dhabi’s cyber security capabilities, Abu Dhabi Digital Authority (ADDA) held the Cyber Defence Challenge in partnership with cybersecurity solutions firm Trend Micro. The challenge aims to strengthen the protection of servers and hybrid cloud data centres of Abu Dhabi’s organisations. The initiative comes in line with the ADDA’s key strategy to collaborate with ...

Dubai / Emirates Business The value of apparel sales in the UAE amounted to $12.3 billion in 2018, registering an annual growth rate of about 4.8 percent, while the sector is expected to see stronger performance over the 2019-2023 period, new analysis released by Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from Euromonitor ...

Bloomberg Oil slid as escalating trade tensions between the US and China prompted investors across financial markets to flee risk assets, though West Texas Intermediate pared losses after a report signaled an inventory drop at America’s main storage hub. Futures fell in London and New York after posting a loss last week. The dispute between the top major economies is ...

Dubai / Emirates Business Global trade enabler DP World has announced its renewed partnership with the Emirates Golf Federation (EGF), as it continues to support the growth of golf by investing in grassroots talent development as well as the elite game, paving the way for aspiring youngsters to become future international stars. The announcement signals the fourth year that funding ...

Dubai / WAM Low-income patients unable to afford treatment for bladder and lung cancer will receive medication supplied by AstraZeneca, following the signing of a new agreement between the Ministry of Health and Prevention (MoHAP) and the pharmaceutical company. This Ministry of Health recently signed a Memorandum of Understanding (MoU) with the multinational biopharmaceutical company, which will also benefit patients with ...

DUBAI / WAM The Ministry of Community Development (MOCD) has organised a sign language basic course for children between 4-12 years old, in which more than 60 boys and girls from all over the emirates participated. Held at the ministry’s premises in Dubai, the gesture aimed at teaching children the basics of sign language and communication techniques with the hearing ...

DUBAI / WAM The National Elections Committee (NEC) overseeing the fourth cycle of the Federal National Council (FNC) elections, organised a training workshop for the members and coordinators of the Emirates Committees as well as the executive staff working in the candidate registration centres. The training session covered different aspects of the candidate registration system and the financial collection system ...