News

  DUBAI / WAM Dubai Chamber of Commerce and Industry (DCCI) saw its network of members grow by 9 percent or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The rise in number strengthens its position as one of the largest membership-based chambers of commerce in the world. The total value ...

  Dubai / WAM Integrated facilities management (FM) company, Imdaad, has generated a revenue of $136m (AED500m) in 2016, registering a growth of eight to 10 per cent compared to the previous year. The Dubai-based company also signed a few major contracts with leading companies in the last quarter of 2016, enabling it to generate more business than the previous fiscal ...

  Abu Dhabi / Emirates Business New York University Abu Dhabi’s (NYUAD) annual January Term (J-Term) is a unique study program that aims to intensify students’ intellectual focus and reach beyond the classroom. The program incorporates experiential learning, connecting students to the UAE, the Middle East and a range of global destinations. With a focus on exploring and interacting with ...

  Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...

  Sharjah / Emirates Business The first ever three-week long Winter Festival at Al Majaz Waterfront in Sharjah recently drew curtains after providing thirty thousand visitors from all nationalities and age groups across the seven emirates with the unending frolic of a dreamy winter wonderland. Guests were left in awe of a snowy festive landscape, which stretched across the Waterfront’s ...

  Bloomberg Prime Minister Narendra Modi’s administration will probably have to prepare India’s $300 billion budget in the dark. With less than a month to go before the annual presentation, his Statistics Office has refused to estimate the impact of Modi’s unprecedented cash clampdown on gross domestic product. All it said on Friday was that growth will slow to a ...

    Bloomberg Volvo Car Group, owned by a Chinese billionaire since 2010, plans to export half of a new South Carolina factory’s output to Asia and Europe. The company plans to build 60,000 S60 sedans in Charleston initially then expand to 100,000, Hakan Samuelsson, Volvo Cars’ chief executive officer, said at a dinner at the North American International Auto ...

  Bloomberg Wealthy Asian investors unwilling to splurge on owning their own European soccer teams are showing their enthusiasm by helping fund the sport. Sales of football finance notes, backed by television rights of soccer clubs, doubled to $11 million last month from the amount issued in April, when they were opened to investors in the region, according to data ...

  Bloomberg Headhunter Casey Abel spent four months trying to hire a data-center architect for a Japanese automaker, including five meetings with the client — one with the top executive. In the end, the IT specialist joined an e-commerce company abroad for significantly more money. “There’s just a massive mismatch in salaries,” said Abel, managing director at recruiter HCCR K.K., ...

  Bloomberg US President-elect Donald Trump’s promise to shrink a trade deficit with China through punishing tariffs wouldn’t just hurt the world’s second-biggest economy — it would also damage the rest of Asia too. That’s the increasing view of economists who say the risk of significant Trump-triggered trade tensions could slow growth in the world’s best performing region, which accounts ...