Madrid / AFP After basking in its best tourist summer season in 15 years, Spain now sees dark clouds on the horizon as popular destinations reach saturation point and holidaymakers are more thrifty, industry experts say. The 2016 summer season proved exceptionally good, with an influx of tourists fleeing other popular destinations recently hit by attacks, said Jose Luis ...
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Washington / AFP The European Union gave Belgium a barely 24-hour ultimatum on Sunday to say whether it can back an EU-Canada trade deal, warning otherwise it will cancel a summit to sign the accord with Ottawa. In an embarrassment for the 28-nation EU, Belgium has so far been unable to sign up to the CETA trade deal because ...
Read More »Bloomberg Time Warner Inc. and AT&T Inc. have survived the evolution of color TV and cable over the decades. Now they’re merging to adapt to the latest technological shifts: smartphones and streaming. More consumers are getting their entertainment online from Netflix Inc. and watching on iPhones instead of TVs. That’s putting pressure on traditional entertainment companies and pay-TV providers. ...
Read More »ABU DHABI / WAM The Executive Committee of Abu Dhabi Executive Council approved an AED104mn project to construct an road network in Al Ain city, at a meeting chaired by Saeed Eid Al Gafli. The project will include the construction of stormwater drainage and sewerage systems as well as drinking water pipelines and the provision of lighting and other ...
Read More »Amman / EMIRATES BUSINESS Masdar, Abu Dhabi’s renewable energy company, completed a key step in the development of the largest solar power plant in the Hashemite Kingdom of Jordan. The Power Purchasing Agreement (PPA) for a 200-megawatt (MW) photovoltaic (PV) plant was signed on Saturday by Mohamed Al Ramahi, Chief Executive Officer of Masdar, and Abdul Fattah Daradkeh, Chief ...
Read More »Dubai / EMIRATES BUSINESS Azizi Developments, a leading UAE-based real estate developer with global reach into international markets, has won ‘Developer of the Year’ award by the Construction Innovation Awards Middle East 2016 which took place on October 19, at the Westin Dubai Mina Seyahi Beach Resort & Marina and it was a glorious affair. The ceremony was presented ...
Read More »DUBAI / EMIRATES BUSINESS The Mohammed Bin Rashid Fund (MBRF) in Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and medium enterprise (SME) sector, announced the launch of a receivable finance facility through ‘Invoice/LPO Finance’ to help entrepreneurs launch their business projects without worrying about operating expenses or funds required to ...
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Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq) wrapped up its recent participation at the 2nd UAE – India Economic Forum 2016 (UIEF), which took place on October 19-20 at Madinat Jumeirah’s Mina A’Salam. Shurooq’s participation at UIEF, headlining as a platinum sponsor for its 2nd edition, resulted with a richer economic outlook on investments between ...
Read More »Dubai / Emirates Business Paraguay and the Dominican Republic see tremendous opportunity to strengthen bilateral ties with Dubai and the UAE, especially in key sectors such as food, logistics and tourism. According to His Excellency Angel Barchini, Ambassador of Paraguay in Qatar and non-resident Ambassador to the UAE and GCC countries, Paraguay exports $40 million (AED 147 million) worth of ...
Read More »Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada) announced that construction works have begun on the Madinat Zayed – Al Marfa road project, falling under the objectives of the Abu Dhabi Plan seeking to provide an effective transport system serving the community and economy. Part of Musanada’s efforts to realise the vision of President His Highness Sheikh ...
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