News

  Bloomberg UK companies are facing tighter margins as the pound’s slide starts to fuel cost increases, according to the British Chambers of Commerce. Sterling’s drop since Britain voted to leave the European Union is having a negative impact on the domestic sales margins of nearly half of businesses surveyed, while the effect on exports is mixed, the BCC said. ...

  Bloomberg Only 5 percent of large UK companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event of a cyber attack, more than half of companies in the FTSE 100 stock index cited contingency, crisis ...

  Bloomberg Problems facing the British labor market including skills shortages and an aging population are likely to be exacerbated by Brexit, according to Mercer. Those gaps will no longer be filled by foreign workers, which are set to decrease in number as the UK negotiates a new relationship with the European Union, the consulting firm said in a report. ...

  DUBAI / WAM The future is in the hands of UAE youth, and they are the bet of the country for a brighter future, said Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, during a toured on Tuesday of the Youth Achievements Exhibition. The event is organised ...

  DUBAI / WAM Ministry of Finance (MoF) will highlight UAE’s leading financial and economic model and the importance of strengthening financial ties with the Arab nations and others during the World Government Summit (WGS) 2017. The summit which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the ...

  DUBAI / WAM Dubai Supreme Council of Energy (DSCE) reviewed progress on several key projects, initiatives and programmes, including the World Green Economy Organisation, a hydroelectric power station in Hatta, and the Dubai Green Mobility initiative. This came up at council’s 43rd meeting, which was chaired by Saeed Mohammed Al Tayer, Vice Chairman of DSCE. The meeting discussed important ...

  Sharjah / Emirates Business An independent survey covering the most powerful and dynamic global economies, has named Sharjah as one of the top ten cities in the world for connectivity. Ranked at number six, Sharjah comes ahead of Frankfurt, Manchester, Miami and Dubai, reflecting its superb regional infrastructure and attraction as a business destination for foreign investors. Announcing the ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) said its key unit Rails Agency completed the Phase One of the Rails Infrastructure Maintenance Management System Project (RIMMS) which involves the compiling of a comprehensive database. The project, which plays a key role in leveraging the performance of Dubai Metro and Tram and upgrading the services on offer to various ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals, has been awarded “Most Innovative Insurer of the Year” at the prestigious MENA IR Awards 2017, in recognition of its product innovation and customer service. Commenting on the achievement, Ahmad Idris, CEO of ADNIC said: “The ...

  Dubai / WAM The UAE’s In-Vitro Fertilization (IVF) sector is expected to command a market value of $1.5 billion by 2020, according to a new study carried by IVI Middle East. The IVF global market will cross $27 billion by 2020, the study said. The overall Middle East IVF market will be worth $1.01 billion in 2017, registering a growth ...