News

  Dubai / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) hosted a workshop with representatives from the private sector, to seek their input into the UAE National Climate Change Plan. In line with Vision 2021, the UAE Climate Plan will further the country’s ambitious economic diversification agenda, and its transition into new, knowledge-based industries. MOCCAE has acknowledged ...

  Bloomberg The UK risks facing a deluge of residency applications as European Union citizens dash to formalize their right to stay in the wake of the Brexit vote. The warning comes from the University of Oxford’s Migration Observatory, which said in a report that registering more than 3 million European nationals already living in the U.K. would present a ...

  Brussels / AFP Eurozone economic activity managed a small gain in July despite Britain’s shock vote in June to quit the European Union, a closely watched survey showed on Wednesday. Data monitoring company IHS Markit said revised figures for its Composite Purchasing Managers Index (PMI) for July came in at 53.2 points, up from 53.1 points in June. The ...

  Bloomberg German logistics group Deutsche Post said on Wednesday it had achieved its strongest-ever second-quarter operating result, boosted in large part by online shopping. “Our Post, eCommerce and Parcel division in particular contributed to the positive trend” that saw Deutsche Post increase its net profit to 541 million euros ($606 million), a 66-percent leap over the same period in ...

  Washington / AFP Letitia stands on a metro station platform in downtown Washington, waiting for a train that she now realizes is not going to come. “I will be walking home tonight and all the nights to come,” said the 28-year-old woman, who works as a cashier at a 24-hour supermarket. In the US capital city, an urgently needed ...

  Frankfurt / AFP Car parts supplier Continental upped its forecast for 2016 on Wednesday after strong performance in its tyres business. Chief executive Elmar Degenhart said the group would target an adjusted operating profit of “over 11%”, where previously the target had been set at “around 11%”. Continental’s net profit in the second quarter grew to 905mn euros, up ...

  Dubai / Emirates Business As many as 2,400 new hotel rooms will open in Abu Dhabi throughout 2016, according to a new report. The Abu Dhabi Hotel Market Summary report by JLL prepared ahead of The Hotel Show Dubai 2016 reveals that 200 rooms opened in Q2 2016 with the soft opening of the Four Seasons on Al Maryah ...

  Dubai / Emirates Business Dubai’s appeal as a leading shopping destination has been further enhanced by the numerous bargains and special deals being offered by luxury retailers representing an array of international brands during the ongoing Dubai Summer Surprises (DSS) extravaganza. The annual DSS, organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of ...

  Dubai / Emirates Business As businesses today are shifting the way they operate in the digital economy, differentiation is increasingly defined by their ability to enable their workforce to quickly, easily and securely access information and business tools from anywhere, using any device. du’s Enterprise Mobility Management Solutions help enterprises meet the needs of the modern workforce and become ...

  Emirates Business New figures show that so far in 2016, the Nissan LEAF is not only the world’s best-selling electric vehicle (EV), but also the third best-selling passenger car overall in Norway. Nissan made an early commitment to zero emission technology, recognising it as a sustainable, practical transport solution. Nissan has supported 100 percent electric mobility since 2010, long ...