Dubai / Emirates Business Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry. The Business Leaders’ Outlook Survey revealed that 39% of respondents expect to see business conditions improve in Q3-2017. Around 43% ...
Read More »News
Abu Dhabi Executive Council, Netherlands embassy discuss ties
ABU DHABI / WAM The General Secretariat of the Abu Dhabi Executive Council and the Netherlands Embassy in the UAE discussed several issues of mutual concern, ways of promoting bilateral relations and cooperation in various sectors to enhance economic ties and serve their mutual interests. The discussion took place during the meeting of Dr Fahad Matar bin Mesaied Al Niyadi, ...
Read More »ADBC’s e-linkage covers 36 federal, local bodies
ABU DHABI / WAM The Abu Dhabi Business Center (ADBC) has announced the completion of e-linkages with each of the General Authority of Civil Aviation (GACA) and the Abu Dhabi Ports, bringing to 36 the number of local and federal departments covered by the e-linkage project. Now the project accounts for 97 percent of total business licensing transactions in the ...
Read More »Expo 2020, Accenture to ensure seamless digital experience for visitors
DUBAI / WAM Expo 2020 Dubai is teaming up with leading global professional services company Accenture to create a powerful and engaging digital experience for millions of visitors from around the world, from information security and customer relations to virtual assistance and geolocation services. As the newly appointed Digital Services Premier Partner and Systems Integrator, Accenture will play a key ...
Read More »Roadshow held to attract US tourists to Abu Dhabi
ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) embarked on a three-city roadshow to the United States to help create more awareness about the emirate and encourage more US visitors to experience the destination. The delegation, led by the authority, was in New York, Chicago and Los Angeles, and hosted meetings with major travel agents ...
Read More »JCDecaux boosts Mideast presence with RTA tie-up
DUBAI / Emirates Business JCDecaux SA (Euronext Paris: DEC), top outdoor adverti- sing company worldwide, announced that it has won with its Emirati partner, DXB Media Advertising, a new street furniture contract in Dubai (population 2.7 million) for 10 years, following a competitive tender by RTA (Roads and Transport Authority). This contract will be exercised jointly by an entity that ...
Read More »Alphabet’s rising costs raise alarm on shrinking margins
Bloomberg Initially investors celebrated a robust quarter from Alphabet Inc., driven by strong sales growth. Then they spotted a red flag: rising costs that could crimp margins going forward. The Google division generated most of the quarter’s revenue but paid out 22 percent of its $22.67 billion in sales in so-called traffic acquisition costs or TAC — payments to partners ...
Read More »US working on ‘big, exciting’ UK trade deal: Trump
Bloomberg President Donald Trump said the US and the UK are working on a potentially “big and exciting†trade deal and the relationship between the two countries is going to be “even better†after Brexit. Trump’s comments, made in tweets late on Monday and on Tuesday, came as UK Trade Secretary Liam Fox was in Washington to pave the way ...
Read More »Factory production in UK hits two-decade high as exports grow
Bloomberg UK factory production reached a two-decade high last quarter as optimism about export orders swelled to the highest since the 1970s. A Confederation of British Industry survey showed the volume of output rapidly grew in the three months to July, with the CBI index reaching its strongest reading since 1995. Factories are “upbeat in their expectations for overall demand ...
Read More »US automaker GM’s focus on selling to actual consumers pays off for profits
Bloomberg General Motors Co.’s strategy of shunning discounted sales to rental-car companies to focus on more profitable deliveries of pickups and SUVs to U.S. consumers is boosting its bottom line. Adjusted earnings of $1.89 per share in the three months ended in June beat analyst estimates of $1.70 a share. The largest U.S. automaker sold a richer mix of sport ...
Read More »