News

  Dubai / WAM The Mostaqbal Portal, a knowledge-based initiative launched by Dubai Future Foundation, has established itself as the leading Arab platform to support knowledge and update Arab audiences regarding cutting edge developments in science and future technology. The portal topped the list of Arab science platforms in terms of number of followers, visits, and interactions. The site receives up ...

  Dubai / Emirates Business E-businesses constitute one among the fastest growing businesses in the UAE, with more and more UAE residents and national investing in the e-commerce realm. Currently, UAE leads the GCC in e-commerce growth and in 2015, the number of B2C e commerce in the MENA region reached an estimated height of $15 Billion rising from $9 ...

  Rome / AFP Shoddy, price-cutting renovations, in breach of local building regulations, could be partly to blame for the high death toll from this week’s devastating earthquake in central Italy, according to a prosecutor investigating the disaster. As questions mount over the deaths of nearly 300 people, prosecutor Giuseppe Saieva indicated that property owners who commissioned suspected sub-standard work ...

  Detroit / AFP Allegations that Fiat Chrysler Automobiles (FCA) falsified US sales data are meritless and the company’s financial reports are “totally accurate,” chief executive Sergio Marchionne told reporters. Marchionne said the FCA is cooperating with authorities from the Securities and Exchange Commission (SEC) and the Justice Department probing the company’s reporting after it was forced to restate unit ...

  AFP Germany’s vice chancellor and economy minister Sigmar Gabriel said on Sunday that negotiations on a massive trade between the European Union and the United States were effectively dead in the water. “The talks with the US have de facto failed because we Europeans of course must not succumb to American demands,” he told public broadcaster ZDF. “Nothing is ...

  Wilmington / AFP US rail operator Amtrak on Friday awarded a $2.0 billion (1.8 billion euros) deal to French manufacturer Alstom to supply new trains for its key Acela service between Washington, New York and Boston. The landmark deal for 28 new passenger trains will boost Amtrak’s speed and capacity along its most heavily used and profitable route, with ...

  Bloomberg Carsten Stendevad is resigning as chief executive officer of ATP, Denmark’s biggest pension fund, in order to move back to the U.S. The $120 billion fund has started a recruitment process to find a replacement, it said on Friday. The 43-year-old is leaving the fund to move back to the U.S. and be close to his wife’s family, ...

  Dubai / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) said that this year’s international summer campaign had a positive effect on the tourist numbers in the Emirate. The SCTDA campaign which ran in collaboration with the emirates accommodation sector was run in parallel with the Sharjah Chamber of Commerce and Industry’s summer campaign which promoted the commerce ...

  Dubai / Emirates Business Entrepreneurship is a source of economic growth in all parts of the world, and in many Middle Eastern countries it is one of the main economic drivers. Bayt.com, the Middle East’s leading job site, teamed up with YouGov, a pioneer in online market research, to ascertain the current levels of understanding and interest in entrepreneurship ...

  ABU DHABI / Emirates Business Citrix has announced its intent to take its cloud-first, mobile-first approach to new heights through its partnership with Microsoft by developing the next generation of the Azure RemoteApp service. The offering will combine the simplicity and speed of Microsoft Azure RemoteApp with many of the enterprise capabilities of Citrix XenApp to revolutionize app delivery from ...