News

  Abu Dhabi / Emirates Business The mega winning opportunity at Joyalukkas Summer Winnings received an overwhelming response from customers across GCC. The campaign concluded on August 6 and the winner was announced on August 7. Audi was presented to winner Aleena, on August 30 by Thomas Scaria, Head of Corporate Finance, Joyalukkas group in the presence of Joyalukkas officials ...

  AFP France said on Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal at least until after President Barack Obama leaves office in January. Junior trade minister Matthias Fekl said there was “no more political support in France” for the talks because US negotiators were offering “nothing or just ...

  Bloomberg UK mortgage approvals slumped to an 18-month low in July and consumer borrowing slowed following the decision to leave the European Union. Banks and mutually owned lenders signed off on 60,912 home loans, the fewest since January 2015, the Bank of England said on Tuesday. Unsecured lending rose by 1.2 billion pounds ($1.6 billion), the least in almost ...

  Bloomberg Volkswagen AG Chief Executive Officer Matthias Mueller is pushing forward with a technological and organizational revamp of Europe’s largest carmaker despite internal opposition and expects his efforts to begin bearing fruit in two to three years. “Some believe this will pass eventually, that Mueller will only be there for five years, then there’s a new boss and when ...

  AFP US industrial snacks giant Mondelez International said Monday it had dropped plans to merge with chocolatier The Hershey Company. The announcement came nearly two months after Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, rejected a $23 billion takeover offer from Mondelez. “Following additional discussions, and taking into account recent shareholder developments at Hershey, we ...

  AFP Internet entrepreneur Kim Dotcom was on Tuesday granted his wish to live-stream his bid to avoid extradition to the United States where he is wanted on online piracy charges. Attempts by the United States to block the live-streaming request were rejected by Judge Murray Gilbert in the Auckland High Court. Lawyers for the US argued live-streaming could pollute ...

  ABU DHABI / Emirates Business The ICT Fund, the financing tool of the Telecommunications Regulatory Authority (TRA) has announced it is organizing the UAE Drones for Good Award and the UAE AI Robotics for Good Award, two different sets of competitions each having local and international categories. The awards aim to encourage innovative ideas and designs intended to help ...

  Sharjah / Emirates Business Sharjah’s dynamic literary landscape took centre stage at an important international forum when two representatives from the Sharjah’s based cultural project took part in the recently concluded IFLA World Library and Information Congress. Rashid Al Kous, General Manager of Knowledge without Borders (KwB) and Majd Al Shehhi, Manager of its 1001 Titles initiative, both participated ...

  Dubai / Emirates Business Falconcity of Wonders LLC, the developer of Falconcity of Wonders (FCW) the multipurpose mega project currently being built in Dubai, has announced that it has received three ISO certifications for Quality Management (ISO 9001) and Customer Satisfaction (ISO 10002 for Complaints Handling and ISO 10004 for Monitoring and Measurement). The distinguished international certifications reflect FCW’s ...

  Emirates Business In line with its mission to support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and help make the UAE the happiest nation in the world, du is partnering with Dubai Opera, the newest, most exciting addition to the emirate’s bustling cultural scene. Over ...