Dubai / WAM Dubai Customs has crowned its achievements in 2018 by winning the 2nd Organisation – Wide Innovation Award from the Global Organisational Excellence Congress, hosted by Abu Dhabi in December. Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence at Dubai Customs, Hussain Al Fardan, Dubai Customs’ Innovation Centre senior manager and the team received the grand ...
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Musanada committed to install advanced fire detectors
Abu Dhabi / WAM The Abu Dhabi General Services Company, Musanada, has affirmed that it remains fully committed to the installation of advanced safety sensing systems across buildings and housing projects constructed by the company in Abu Dhabi, Al Ain and Al Dhafrah, including the fire detection devices (gas, smoke, heat and flame detectors) equipped with state-of-the-art smart technologies. The ...
Read More »Kenya needs $888mn for green projects
Bloomberg Kenya needs about $85 million annually in the short term for green projects in agriculture, transport and manufacturing, and as much as $888 million annually during the follow- ing five to 10 years, according to a banking industry lobby. The financing is needed to counter the effects of rapid climate change that could erase about 2 percent of economic ...
Read More »Suncor confronts ‘unintended consequences’ of Alberta oil cuts
Bloomberg Suncor Energy Inc is working with Alberta’s government to help mitigate the “unintended consequences†of mandated oil cuts, a policy company opposed from the start and now says is hitting it disproportionately hard. Suncor said its initial required output curtailment is higher than the 8.7 percent industrywide level, without giving specific amount. That makes it harder to maintain safe ...
Read More »BMW faces criminal probe in S Korea over engine fires
Bloomberg BMW AG is facing a criminal probe in South Korea after investigators concluded the manufacturer concealed fire hazards and delayed recalls for a problem that has dented sales and its reputation in the Asian country. South Korea’s transport ministry plans to ask prosecutors to investigate the German carmaker, the ministry said in a statement on Monday. Korea also fined ...
Read More »Huawei kit removed from police network
Bloomberg Huawei Technologies Co. gear will be ripped out of the core part of a UK communications network for police and other emergency responders. BT Group Plc., the company delivering the 2.3-billion-pound ($3 billion) project, has been pulling equipment from the Chinese tech giant out of its own core structure since the 2016 acquisition of mobile carrier EE, which used ...
Read More »Nissan director may get Christmas release
Bloomberg The wife of Greg Kelly, the jailed Nissan Motor Co. board director, said there’s a chance he’ll be released Christmas Day. She also revealed that several US government officials have supported efforts to arrange for his return to Tennessee. Kelly, who was arrested along with Nissan Chairman Carlos Ghosn on November 19, may be able communicate with his family ...
Read More »Rescuers search through rubble as Indonesia tsunami toll nears 400
Bloomberg Rescuers hunted for survivors and victims under the rubble of hundreds of hotels and houses flattened by a deadly tsunami along Indonesia’s Sunda Strait with authorities warning the death toll may climb from the 373 already confirmed. Most of the victims were local holidaymakers staying in the hotels and bungalows along the popular beaches in Lampung and Banten provinces, ...
Read More »Insolvency trustees gain amid higher Canada rates
Bloomberg People who make a living guiding others through bankruptcy in Canada say they’ve never been busier. Record debt burdens, rising borrowing costs and, in some cases, bigger payday loans are driving many Canadians to seek relief, according to several licensed insolvency trustees who spoke to Bloomberg. They say November was their busiest on record, and December — typically a ...
Read More »US political issues keep investors on tenterhooks
Bloomberg If emerging markets had their way, this Christmas week would be like any other: quiet, with just a handful of economic releases and low trading volumes. But political dramas playing out in the US are keeping investors on tenterhooks. The US government shutdown over President Donald Trump’s demand for border-wall funding is likely to last past Christmas. And even ...
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