News

  Dubai / EMIRATES BUSINESS Around 550 people learnt the ropes of setting up and running a profitable business in the competitive UAE market, as the two-day Millionaire Summit drew to a close. Hosted by Wealth Dynamics Unlimited, the event, which was held on April 24-25, was graced by the few of savviest brains in the global SME sector, inspiring ...

  Dubai / EMIRATES BUSINESS Supporting businesses in the region to drive productivity, efficiency and sustainable development, Canon Middle East has strengthened their business-to-business (B2B) offering with the launch of 12 new B2B products and solutions. The new technologies were launched during an exclusive ‘Canon for Business’ event held on April 25 in Dubai, attended by 150 C-level executives, IT ...

  ABU DHABI / WAM Abu Dhabi Motors (ADM), BMW Group’s importer in the Capital, continued with their exceptional record and pursuit of excellence, dominating the BMW Middle East Customer Satisfaction Index for Service Performance awards, with 16 from the top 20 service advisors coming from ADM, a record performance achieved through the highest aftersales standards. The annual BMW Middle ...

  Dubai / WAM OSN, the leading pay-TV network in the Middle East and North Africa, has scored big wins in its fight against television piracy across the region, having conducted more than 316 raids with the support of government authorities. Marking the World Intellectual Property Day (World IP Day) on April 26, OSN is upping the ante in its fight ...

  Bloomberg Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from its major trading partner China. The French offer for the A$50 billion ($39 billion) contract to build 12 submarines trumped those by Japan’s Mitsubishi ...

  Bloomberg McDonald’s Corp. is marketing euro bonds, taking advantage of borrowing costs that have fallen to the lowest in a year because of the European Central Bank expanding its stimulus program. The fast-food chain is offering the securities maturing in January 2021, November 2023 and May 2028, according to a person familiar with the matter who asked not to ...

  Bloomberg EON SE is targeting underlying net income of as much as €1 billion this year after Germany’s biggest utility spins off its Uniper unit to focus on renewables, networks and customer services. The Essen-based company will be a “strong dividend performer,” and plans to pay shareholders up to 60 percent of net income a year, CEO Johannes Teyssen ...

  Bloomberg Turkey’s new central bank Governor Murat Cetinkaya emphasized in his first public appearance that curbing inflation remains the bank’s top priority, signaling continuity in monetary policy. The lira gained. At a press conference on Tuesday presenting the quarterly inflation report, Cetinkaya said the bank would do more to raise awareness about the importance to the overall economy of ...

  Bloomberg It’s the world’s most famous clock, an icon of London for a century and a half. It stood firm when the Luftwaffe bombed the Houses of Parliament. Now Big Ben is threatened by two deadlier enemies: water and modern paint. In early 2017, work will begin on a £29 million($42 million), three-year project to restore the Elizabeth Tower, ...

  Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...