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Being adaptive helps you fight crisis

Ritika Sharma / Emirates Business Being adaptive, working in unison and devising innovative strategies can play a key role in fighting crisis situations that result from extremism or terrorism activities, global experts suggested. Accepting that emergency circumstances cannot be predicted exactly beforehand, industry leaders urged that there is a need to look beyond conventional measures to cope up with such ...

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Museum of the Future Foundation holds global blockchain meeting

Dubai / Emirates Business Dubai Museum of the Future Foundation organized the second meeting of its Global Blockchain Council to discuss a number of initiatives that will be taken up this year as part of the innovative platform. The Council was launched last month as part of the Dubai Museum of the Future Foundation’s efforts to adopt the latest technologies ...

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MBRF to host Nobel Prizes Series 2016

DUBAI / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives – has announced that it will host the ‘Nobel Prizes Series Dubai 2016’ on March 20 and 21, at Al Maha Ballroom in Hyatt Regency Dubai Creek Heights Hotel. The event will be held under the patronage ...

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Addressing security challenges in smart cities

Sunaina Rana / Emirates Business The past few years have witnessed a steady growth of smart cities in the region, with UAE initiatives like Dubai Plan 2021 and Dubai Smart City program by 2017 topping the list. As they create new opportunities for businesses, the need for potential security against data breaches underlines the importance of technological advancements too. According ...

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Safran, Rolls-Royce tie-up on small jet engines?

Bloomberg Safran SA Chief Executive Officer Philippe Petitcolin said he is open to partnering with Rolls-Royce Holdings Plc to power a new generation of regional and business jets. Safran views the market as potentially lucrative but not one that can be addressed via its CFM International venture with General Electric Co., which specialises in bigger engines for single-aisle jetliners, Petitcolin ...

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Sainsbury posts 1st quarterly sales hike in two years

Bloomberg J Sainsbury Plc reported a surprise increase in fourth-quarter sales as it ponders whether to boost its bid for Argos owner Home Retail Group Plc. Same-store sales rose 0.1 percent excluding gasoline in the nine weeks ended March 12, London-based Sainsbury said in a statement on Tuesday. The gain ended two years of declining sales and compares with analyst ...

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Amazon seeks patent for buying ‘items with a look’

San Francisco / AP Online retail colossus Amazon is seeking a US patent on using selfies — instead of passwords — for shopping when using smartphones. Seattle-based Amazon reasoned that combining sensor and camera capabilities in smartphones with face and gesture recognising software results in higher security than passwords or identification numbers. “Such approaches provide for user authentication without the ...

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Apollo to buy Fresh Market for over US$1.3bn

NEW YORK / AP The Fresh Market, a grocery store chain, has agreed to be acquired by private equity firm Apollo for more than $1.3 billion. The deal, which is expected to close in the second quarter, comes after Fresh Market said in October that it was seeking to possibly sell itself. Apollo said that it is paying $28.50 for ...

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Space travel rules needed within five years to fuel tourism and transportation sector

Montreal / AFP The UN aviation agency called on Tuesday for regulations on space travel to be enacted within five years in order to bolster a burgeoning space tourism and transportation sector. The International Civil Aviation Organization (ICAO) “recognises that sub-orbital and outer space flights will foster new tourism and transport markets, and that investments in related research and development ...

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Microcredit meet echoes with new financial plans

ABU DHABI / WAM HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Monday inaugurated the Microcredit Summit, which is being held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. Organised jointly by Khalifa Fund for Enterprise Development, the Arab Gulf Programme for ...

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