News

  Dubai / WAM Emirates Auction, a world leading company in hosting, organising and managing public auctions of all kinds, was announced as the winner of the Best Web Application Award in the Services Category during the 9th UAE Excellence Awards ceremony organised recently at the Al Bustan Rotana, Dubai. Abdullah Matar Al Mannai, Executive Director of Emirates Auction, received the ...

  Frankfurt / AFP Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on Wednesday. Gross domestic product (GDP) grew by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects — twice as fast as analysts surveyed by Factset predicted. However, the ...

  San Francisco / AFP Tesla unveiled speedy new model electric cars capable of traveling more than 300 miles (482 kilometers) before needing to be recharged. A Model S P100D with “Ludicrous mode” was billed by Tesla founder Elon Musk as the third fastest accelerating production car ever made, capable of going from zero to 60 miles per hour in ...

  Caracas / AFP Hospitals in crisis-hit Venezuela are facing shortages of about eight in 10 medications and medical supplies needed to treat patients, according to a study. The 2016 National Hospital Survey found that 76 percent of the medicines and 81 percent of the medical and surgical supplies that doctors need had run out or were hit by severe ...

  AFP Mining giant Glencore reported reduced first-half losses on Wednesday, as the company pushes forward with an aggressive cost-cutting plan to recover from a brutal 2015. The Switzerland-based company posted a loss of $369 million (327 million euros) through the first half of the year, an improvement on the $676 million Glencore lost in the first six months of ...

  AFP British drugs giant AstraZeneca on Wednesday agreed to sell part of its antibiotics business to US giant Pfizer for up to $1.6 billion (1.4 billion euros). The deal for the company’s small-molecule antibiotics, or those developed using traditional chemistry, is expected to complete in the fourth quarter, AstraZeneca said in a statement. The news comes days after Pfizer ...

  ABU DHABI / Emirates Business Booz Allen Hamilton, the global consulting and technology firm, has highlighted the most significant threats to Industrial Control Systems (ICS) in 2016 and 2017, and the most effective measures to counter them, in a recent report titled Industrial Cybersecurity Threat Briefing. These systems control and automate significant portions of our connected lives today, and ...

  Sharjah / Emirates Business The second annual Sharjah FDI Forum will take place on September 28 and 29 at Sheraton Sharjah Hotel, under the slogan “Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia”, hosting more than 300 elite decision makers, business leaders and economic experts, who will gather to exchange their knowledge and expertise ...

Dubai / Emirates Business The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the UAE-based Health magazine to support and promote the ‘Annual Health Awards,’ the first edition of which will be held in Dubai in January 2017. DED is extending its support to the awards as part of its strategic goal of ...

  Emirates Business Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase 3 of its Bloom Gardens master development prior to the scheduled hand-over in Q1, 2017. Consequently, home owners and investors will begin to move into the 147 housing units as early as December, 2016. Bloom Gardens Phase ...