News

  Bloomberg Sears Holdings Corp. rose the most in more than two years after Chief Executive Officer Eddie Lampert vowed to fix the troubled retailer, saying he would lower its debt burden and cut annual expenses by at least $1 billion. The cost savings will be part of a push to reduce overhead and more tightly integrate the Sears and ...

  Bloomberg Canada’s workers are getting plenty of jobs, just not wage increases. Data show a labor market that’s finally beginning to create new jobs, while at the same time offering little evidence that’s translating into higher incomes for workers as wage growth and hours worked slump. It’s a conundrum that casts a shadow over the report, which showed 48,300 ...

  DUBAI / WAM Business deals worth US$3.03 billion were sealed during the 21st edition of the UAE International Dental Conference and Arab Dental Exhibition, (AEEDC) Dubai 2017, recording a 10 percent rise compared to the previous year. The event, held from February 7-9 at the Dubai International Convention and Exhibition Centre, attracted over 48,000 visitors and participants from 130 ...

  DUBAI / WAM As a key destination hosting regional offices of several international organisations, the UAE is committed to assisting regional and international firms to ensure they have a strong financial position, which will help achieve sustainable growth and implement their missions, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the UAE Minister of Finance, ...

  ASTANA / WAM Dr Mohamed Al Jaber, UAE Ambassador to Kazakhstan, discussed the possibility of increasing cooperation in investment and air transport between the UAE and Kazakhstan with Yerlan Khairov, Deputy Minister of Investment and Development of the Republic of Kazakhstan. Kahirov highlighted the importance of results produced by the 6th UAE-Kazakhstan joint cooperation committee which held during the ...

  DUBAI / WAM The Roads and Transport Authority (RTA), won the Big Project ME Award in the ‘Sustainable Government Department of the Year’ category, presented by the CPI Media Group for distinguished performance in the field of sustainability and construction. The award was collected by Nasir BuShehab, CEO of Strategy and Corporate Governance and Head of Energy and Green ...

  Dubai / EMIRATES BUSINESS January data signalled the strongest improvement in non-oil private sector business conditions for nearly two years. This was highlighted by the seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy registering 57.1 at the start of the ...

  DUBAI / WAM The American University of Ras al-Khaimah (AURAK), and Emirates Integrated Telecommunications Company, du, signed a Memorandum of Understanding (MoU) to further collaborate on 5G and the Internet of Things (IoT) development as part of the UAE 5G Innovation Gate (U5GIG). The U5GIG has been envisioned to be a consortium of industrial and academic organisations within the ...

  Abu Dhabi / Emirates Business HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Board of Trustees of the Emirates Diplomatic Academy (EDA) lauded the academy for its significant role in enhancing the UAE’s achievements in supporting diplomacy and international relations. He also stressed the importance of developing co-operation with ...

  Dubai / WAM HRH Princess Haya Bint Al Hussein, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and their children, HH Sheikha Al Jalila Bint Mohammed Al Maktoum and HH Sheikh Zayed Bin Mohammed Al Maktoum, on Thursday donated 28 million Jordanian Dinars (approx. US$39.5 million) in ...