News

  Dubai / WAM The Dubai Metro is celebrating its seventh anniversary on Friday after having served more than 830 million commuters from September 2009 to August 2016. “The positive growth and increasing numbers on the Dubai Metro underscore the strategic vision of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. It ...

  Dubai / WAM Dubai will host the inaugural edition of the National Treasure initiative, which is being organised by Knowledge Expansion, under the patronage of Dubai Chamber of Commerce and Industry in partnership with Tejar Dubai, on September 27-28. Essa Al Zaabi, Senior Vice-President, Institutional Support Services Sector, Dubai Chamber and General Coordinator, Tejar Dubai said, “The two-day conference has ...

  AFP Formula One entered a new era as US billionaire John Malone’s Liberty Media agreed a takeover that values the motorsport at $8 billion and raises questions over the role of its colourful, long-time mastermind, Bernie Ecclestone. In a deal that ends years of speculation over F1’s future, Liberty said it had struck an agreement to buy out Formula ...

  AFP Hewlett Packard Enterprise announced plans to spin off its non-core software assets, to be merged with British software group Micro Focus. The deal creates an entity valued at $8.8 billion which will be “one of the world’s largest pure-play enterprise software companies,” according to HPE. “With today’s announcement, we are taking another important step in achieving the vision ...

  AFP New Zealand’s two largest media companies signed a merger agreement, although the planned deal still needs approval from the country’s competition watchdog to proceed. NZME and Fairfax Media NZ said they would reach a combined audience of 3.7 million, more than 80 percent of New Zealand’s 4.5 million population. “The merger will present opportunities for NZME to significantly ...

  AFP US computer maker Dell said it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services. The completion creates a new firm called Dell Technologies and finalizes a record $67 billion deal for EMC, which will help the struggling PC maker accelerate its efforts in cloud and ...

  AFP The Washington Post announced it was rolling out a “lightning-fast” mobile news site that would provide near-instant load times for both articles and advertising. The Post, purchased in 2013 by Amazon founder Jeff Bezos, said in a statement was combining its own technology with Progressive Web Apps and the Google-led Accelerated Mobile Pages (AMP) technologies “to create a ...

  AFP ITT Educational Services Inc said it would shut its flagship ITT Technical Institutes, following a U.S. Department of Education order, affecting thousands of students and employees. ITT’s move is the latest blow to the over $20 billion U.S. for-profit education industry, which has come under fire from the government in the past couple of years for its poor ...

  Dubai / Emirates Business Dubai Design Week’s popular exhibition Abwab will return to this year’s program, festival organizers have announced. A showcase of emerging and established creative talent from the Middle East, North Africa and South Asia (MENASA) region, Abwab (‘doors’ in Arabic) will showcase entirely new work from designers and studios from Algeria, Bahrain, India, Iraq, Palestine and ...

  Sharjah / Emirates Business Twenty orphan children got their wishes fulfilled after Knowledge without Boarders’ (KwB) response to ‘Sidreh of Wishes’ initiative that was launched by the Sharjah Social Empowerment Foundation. ‘Sidreh of Wishes’ saw KwB distribute personal items designed to help the youngsters in their learning endeavours, as well as be of practical assistance in other areas of ...