News

  DUBAI / Emirates Business Marking its third anniversary, the Middle East’s first and largest car buying service is celebrating with three new locations within the United Arab Emirates. Since the UAE has one of the highest automobile turnover rates in the region, it is the ideal location to add to the existing current four locations in Abu Dhabi and ...

  DUBAI / Emirates Business Gargash Enterprises, the authorized general distributor of Mercedes-Benz in Dubai, Sharjah & Northern Emirates, reaffirms its social commitment yet again by introducing ‘Score for Charity’, a first-of-its-kind initiative in the region. In a unique collaboration with Al Ahli Football Club, Gargash Enterprises has announced a contribution of AED 1,000 for each goal scored by Al ...

  DUBAI / Emirates Business Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions has announced the availability of the Ansible Tower App for Splunk, an application that integrates Ansible Tower by Red Hat with Splunk® Enterprise and Splunk Cloud. The application brings the power and variety of Splunk analytics queries to Ansible Tower automation, and ...

  DUBAI / Emirates Business A new season of Abu Dhabi Classics presented by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) begins this week with the first visit to the emirate by The West Australian Symphony Orchestra (WASO) for a night dedicated to 19th Century German composer Richard Wagner. The concert on Thursday, October 6 at Emirates Palace ...

  Reuters Egyptian billionaire Naguib Sawiris’ OTMT said on Monday failure to resolve a dispute with the financial regulator had hit business and stymied growth, and the holding company would call a board meeting to discuss how to proceed. The dispute emerged six months ago and centres on breaches the Egyptian Financial Supervisory Authority (EFSA) says were involved in the ...

  Reuters Qatargas, the world’s largest LNG producer, will start operations at its new Ras Laffan 2 condensate splitter by the end of this month, doubling the Gulf state’s capacity to process condensate, two sources with knowledge of the matter said on Monday. The 146,000 barrel per day (bpd) facility had been due to open in September but was delayed ...

  OTTAWA / WAM The UAE and Canada have restated their willingness to harness promising economic, trade, business and investment opportunities to raise their bilateral co-operation to new heights. The pledge for greater cooperation came at the conclusion of the first meeting of UAE-Canada Joint Economic Committee meetings, held in the Canadian capital, Ottawa. The two countries explored opportunities for ...

  ABU DHABI / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, on Sunday announced that more than 500 stakeholders from the academia, industry and government will be gathering to network and exchange information at the 22nd Solar Power And Chemical Energy Systems (SolarPACES) Conference, taking place ...

  Birmingham / AFP Prime Minister Theresa May said Britain would start the formal process for leaving the EU before April as her governing Conservative Party opened its annual conference on Sunday. Though many Conservatives headed to the congress in Birmingham, central England still jubilant about Britain’s June referendum vote to leave the European Union, the centre-right government has come ...

  Bloomberg After failing with an initial public offering of its infrastructure unit, Telefonica SA is likely to test investors’ appetite again with the sale of its U.K. mobile-phone business, only this time with a possible twist. The Spanish phone carrier is considering whether to set aside part of an initial public offering of U.K. mobile operator O2 for individual ...