DUBAI / WAM The UAE’s General Civil Aviation Authority (GCAA) hosted a Youth Circle entitled ‘Youth & Sustainability in Aviation’ in conjunction with the Ministry of Youth Affairs and Emirates Engineering at Dubai International Airport. Attended by around 70 young people representing a range of technical and managerial backgrounds in the aviation sector, the meeting discussed issues that young Emiratis ...
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EAG marks 2018 as the Year of Zayed
Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) has announced a year-long programme of activities and humanitarian initiatives to mark 2018 as the Year of Zayed. Etihad’s headquarters in Abu Dhabi inaugurated its Year of Zayed activities by holding a flag-raising ceremony attended by employees. The aviation group’s offices and buildings around the world are now adorned with Sheikh ...
Read More »DHCC sets up new visa processing centre
DUBAI / WAM Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), on Wednesday announced, in collaboration with the Federal Authority for Identity and Citizenship (ICA), the setting up of an ICA’s Customer Happiness Centre in the free zone to serve its community members and the wider Dubai community. As many as 8,000 people working in ...
Read More »Gulf Craft to attend inaugural Phuket Rendezvous
Dubai / Emirates Business Gulf Craft will start 2018 in style in Thailand at the new luxury lifestyle event Phuket Rendezvous from January 4 to 7. “Thailand is an increasingly important market for several reasons,†said Tony Nixey, Managing Director of Gulf Craft’s dealer in the country, Go Boating Thailand. “Not only is it popular with the global yachting community, ...
Read More »MoneyGram deal collapse may force rethink at Jack Ma’s Ant
Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...
Read More »Samling prepares $250 million IPO for Bentley dealer
Bloomberg Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than $250 million, people with knowledge of the matter said. Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. The share sale ...
Read More »BlackBerry, Baidu to work on car software
Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...
Read More »Chaotic tax overhaul in India becoming bad news for truckers
Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious statesâ€â€”anxious to retain pre-GST earnings—are ...
Read More »Russia-China oil friendship makes fuel costlier for Europe
Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to ...
Read More »Oil’s famous five: People who could define market in 2018
Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in US shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices could ...
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