News

  ALKESH SHARMa / Emirates Business While the Middle East has surpassed air traffic growth rate globally, the region is also plagued by the persistent hurdles of rising costs and other challenges in smooth supervision of airspace. However, industry experts vouch that a smart redesigning of airspace in this region could significantly add to the course of cost cuttings and ...

  Sunaina Rana / Emirates Business Featuring customised scalability and unmatched efficiency in the automotive industry, leading business consulting and IT service company ProCons joins hands with Al Jaziri Motors to implement digitalisation across all its showrooms, including the World’s biggest Lamborghini Showroom in Dubai. The automobile industry has been moving towards the new means of industrialization, with digital transformation ...

  Ritika Sharma / Emirates Business Aiming to provide entrepreneurial opportunities for young innovators, various UAE companies are creating platforms to nurture the hidden talent in students by organising international competitions and networking workshops. In one such initiative, Al Bayt Mitwahid, a public benefit association in UAE, partnered with Microsoft on the recently held Imagine Cup 2016, where young innovators ...

  Abu Dhabi / Emirates Business The Telecommunications Regulatory Authority (TRA) has announced that ‘Khadamati,’ the one-stop-shop smart portal for federal entities seeking access to all types of government services, has become the first smart application to be hosted and made available through the UAE’s cloud computing project. Under ‘UAE Smart Cloud’, an initiative being implemented by TRA as part ...

  Emirates Business Ramzi R. Solh, CEO of Commercial Development at King Abdullah Economic City (KAEC), is the latest addition to the line-up for the 2nd annual Vision Conference, Saudi Arabia. The conference is a key feature of The Hotel Show Saudi Arabia in Jeddah, from May 17 – 19, featuring a range of industry experts exploring the Kingdom’s booming ...

  Reuters Saudi state oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser said. “We are looking at the current market status that, even though challenging, is an excellent opportunity for growth,” he told reporters during a rare ...

  Bloomberg U.K. industrial production grew less than forecast in March as manufacturing barely rose and oil and gas output shrank. Output rose 0.3 percent, less than the 0.5 percent gain predicted in a Bloomberg survey of economists, figures from the Office for National Statistics published on Wednesday show. It followed a 0.2 percent decline in February. Factories increased production ...

  Bloomberg Norway’s government boosted the amount of oil money it will spend this year to a record, dipping deeper into its sovereign wealth fund to ward off a recession. The government will use 205.6 billion kroner ($25 billion) of its oil wealth, up from the 195.2 billion kroner it estimated in October, according to the budget released in Oslo ...

  Bloomberg The European Union blocked CK Hutchison Holdings Ltd.’s bid to create the U.K.’s biggest mobile carrier, the latest setback to consolidation that telecommunications operators say they need to funnel money into new networks. Hutchison’s plan to buy Telefonica SA’s U.K. mobile-phone business for as much as 10.25 billion pounds ($14.8 billion) and merge it with its Three unit ...

  Bloomberg The trend for ultra-long European bond sales is gathering pace. Spain is the latest euro-region sovereign to sell 50-year bonds, with an issue via banks that’s likely to price on Wednesday. It follows half-century deals last month from France and Belgium as countries take advantage of historically low interest rates to issue ultra-long debt. Italy’s debt agency said ...