Dubai / Emirates Business dnata, one of the world’s largest air services providers, has entered into a contract with leading IT solutions provider to the global aviation industry (IBS Software), to implement the iCargo terminal operation suite across all its stations. The end-to-end solution will help manage dnata’s air cargo movement worldwide seamlessly. dnata is the first ground handler to ...
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DLD-DED deal to monitor, control real estate firms
DUBAI / Emirates Business In line with its commitment to integrating government agencies and harnessing all expertise to enhance trust among real estate investors, the Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai through the Real Estate Regulatory Authority (RERA), DLD’s regulatory arm. The MoU focuses on establishing ...
Read More »DP World offers young Emiratis 100 job opportunities
Dubai / Emirates Business Young Emirati nationals aspiring to pursue a career in trade and logistics will have access to more than 100 training and development opportunities at DP World’s pavilion during the 16th Careers UAE 2018 exhibition in Dubai. Roles cover multiple disciplines, including operations, engineering, commercial, planning and administration. Training and placement opportunities are rolled out under a ...
Read More »GE opens engine service centre in Dubai
Dubai / WAM GE Aviation has opened its ‘On Wing Support Centre’ in Dubai South’s Aviation District Aerospace Supply Chain Facility, marking the expansion of the company’s engine repair services in one of the world’s leading aviation hubs. GE has been operating its On Wing Support Centre with Emirates Airlines since 2013, providing 24/7 full-service repair solutions for all GE ...
Read More »MaK Middle East opens new workshop at DMC
DUBAI / Emirates Business MaK Middle East LLC, a Caterpillar company established in 2017, announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar’s MaK, CM and EMD branded medium speed engines. The new workshop will cater to customer needs for high quality factory after-sales support in ...
Read More »Inflation, trade war talk spark rush to ETFs that will benefit
Bloomberg Fears of inflation and the possibility of a global trade war have rattled financial markets recently, sending cash flooding into exchange-traded funds that stand to benefit and out of those that likely will be hurt. Investors poured a record $334 million into the Vanguard Materials ETF, ticker VAW. At the same time, they pulled $96 million from the Vanguard ...
Read More »Tata Sons raises $1.38 billion after upsizing its TCS offering
Bloomberg Tata Sons Ltd., the holding company for India’s biggest business group, raised $1.38 billion after upsizing its offering of Tata Consultancy Services Ltd. stock, people with knowledge of the matter said. Tata Sons priced its sale of Tata Consultancy shares at about 2,872 rupees apiece, the bottom of a marketed range, according to the people, who asked not to ...
Read More »Google to help bring order in India’s address chaos
Bloomberg Google’s wants to help users in India get around—no mean feat given the country’s often byzantine address system. The Alphabet Inc.-owned search giant unveiled an open-source project that aims to make sense of the chaos of India’s hyper-growth cities: a shifting warren of hidden alleys, ever-changing landmarks and missing street signs. Called Plus Codes, it’s a location-based digital tagging ...
Read More »Samsung in talks for multi-year cobalt deal
Bloomberg Samsung C&T Corp., an affiliate of the world’s biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom. Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine ...
Read More »Ride-hailing giant Grab gets into old-school financial services
Bloomberg After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out his vision as the company tries to become a major financial services platform in the region. Grab, once an ...
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