News

Bloomberg For all the hand-wringing and headlines over the fallout of the US government shutdown, most forecasters still don’t expect it to cause too much pain to the economy so long as it doesn’t endure. Analysts project the government will reopen by mid-February, though if the closure lasts through March, the disruption will cause economic growth to dip below 2 ...

Bloomberg Just Eat Plc’s CEO is leaving after a surge in competition from rival apps and pressure from an activist shareholder to speed up decision-making and consider the sale of assets. Peter Plumb is stepping down with immediate effect, with Peter Duffy, chief customer officer, appointed as interim CEO. In December, shareholder Cat Rock Capital Management LP recommended Just Eat’s ...

ABU DHABI / WAM The World Future Energy Summit (WFES) 2019, a key enabler of Abu Dhabi Sustainability Week, has facilitated deals valued at $10.5 billion to be implemented across 20 countries during its four-day run at the Abu Dhabi National Exhibition Centre. The event saw a consortium led by Masdar and France’s EDF win a tender to build a ...

DUBAI / WAM The UAE 2nd Customs Week began on Sunday under the theme ‘smart borders’, to help educate all segments of society and encourage them support customs activities and role in society and the national economy. Ahmed Mahboob Musabih, Director of Dubai Customs, said, “It’s very important to help everyone learn about essential role customs departments in UAE play ...

Dubai / WAM Etisalat Digital has entered into a strategic partnership with the Federal Electricity and Water Authority (Fewa), to provide them with ‘Etisalat Direct’. This bespoke solution is hosted and powered by Etisalat’s UAE based OneCloud and is a fully managed application that enables FEWA to connect with their customers more effectively. Etisalat Direct allows application to send messages ...

Dubai / WAM Dubai Investments Park (DIP), the wholly owned subsidiary of Dubai Investments, announced that total built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park, passed the 5 million sqft mark in 2018. Among the tenants are Kingspan Insulation, the sustainable building solutions provider behind major Middle East projects, including the Louvre Abu Dhabi, Atlantis The ...

DUBAI / Emirates Business Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of 250 outlets spread across ten countries launched two new stores in UAE. Bollywood actor Anil Kapoor inaugurated the new showroom in Grand Mall, Sharjah and Grand Hypermarket, Jebel Ali, Dubai in presence of Shamlal Ahamed, Managing Director – International ...

ABU DHABI / WAM Over 250 top hotel owners, developers and operators from the Gulf, East Africa, Indian Ocean islands, Association of Southeast Asian Nations region and Australia will gather at the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS), which will be held in Abu Dhabi, from February 4-5. The Summit will discuss the most pressing issues in the ...

ABU DHABI / WAM The inaugural UAE-Syria Private Sector Forum was launched on Sunday in the nation’s capital, Abu Dhabi. Organised by the UAE Federation of the Chambers of Commerce and Industry (FCCI), in cooperation with the Abu Dhabi Chamber of Commerce and Industry (ADCCI), the forum saw discussions taking place to enhance potential investment and commercial ties between UAE ...

Dubai / Emirates Business Dubai Land Department (DLD) signed a memorandum of understanding (MoU) for strategic cooperation with the UAE International Investors Council (UAEIIC). The MoU was signed by HE Sultan Butti bin Mejren, Director General of DLD, and HE Jamal Saif Al Jarwan, Secretary-General of UAEIIC. The MoU aims to share knowledge, experiences, and institutional expertise at all levels ...