Bloomberg Ireland’s Prime Minister Enda Kenny pleaded for time and space to examine options to create a stable government, as the nation’s two biggest parties opened the door for an unprecedented grand coalition. Kenny’s Fine Gael secured 25 percent in Friday’s election, according to a poll for broadcaster RTE. Traditional rival Fianna Fail secured 21 percent. Under Ireland’s electoral system, ...
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UK tax revenue increases since reform on house levied
Bloomberg The U.K. Treasury has netted 15 percent more tax on home purchases worth more than 1 million pounds ($1.4 million) since reforming the levy on property transactions, analysis by the tax authorities showed. Chancellor of the Exchequer George Osborne introduced the change in December 2014 and since then more than 780,000 homebuyers saved about 657 million pounds on so-called ...
Read More »Frankfurt seeks to shed bland image to win over FinTech whizzkids
Frankfurt / AFP As Germany’s banking capital, Frankfurt has long established itself as one of Europe’s leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial start-ups known as FinTechs which want to revolutionise the way the world of money does business. FinTechs ...
Read More »Cartier Awards churns out women leaders
ALKESH SHARMA / Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These morale-boosting findings were put on table by the Abu Dhabi-based ...
Read More »Meet to address needs of region’s theme parks
DUBAI / Emirates Business The Dubai Entertainment Amusement and Leisure (DEAL) Show 2016, together with Blooloop, the attraction industry’s leading website and event organiser, is set to launch a new conference for the themeparks and amusement industry in the UAE. This ‘DEAL Live’ conference will be held on April 18 at the Dubai World Trade Centre. Blooloop conferences bring together ...
Read More »2.15mn passengers at Abu Dhabi airport in January
Abu Dhabi / Emirates Business After a record-breaking 2015, Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month, surpassing the previous January 2015 figure of 1,887,631. “The remarkable growth of Abu Dhabi ...
Read More »Steady passenger traffic growth at Al Bateen Airport
Abu Dhabi / EMIRATES BUSINESS Al Bateen Executive Airport, the only exclusive business aviation airport in the Middle East and North Africa (MENA) region, has announced 9% year-on-year growth in passenger traffic figures in 2015, surpassing its previous performance in 2014. Arriving passenger traffic stayed above 7,600 passengers in each of the final four months of 2015, with November clocking ...
Read More »Autodesk, Siemens sign pact
Dubai / EMIRATES BUSINESS Autodesk, Inc. and Siemens announced an interoperability agreement aimed at helping manufacturers decrease the costs associated with incompatibility among product development software applications and avoid potential data integrity problems. Through this agreement, Autodesk and Siemens’ product lifecycle management (PLM) software businesses will take steps to significantly improve the interoperability between their companies’ respective software offerings. This ...
Read More »Vrooming ahead breaking the moulds of sports
Sunaina Rana / EMIRATES BUSINESS Dubai resident Sabah Mukri made UAE motorsport history by becoming the first female rider to compete in the UAE Sportbike Championship at Dubai Autodrome. The 32-year-old won a million hearts and minds in the racing community not just for her significant achievement but also the infectious enthusiasm she spread throughout the event. Talking Emirates Business ...
Read More »Dubai promotes forward thinking with ‘Destination Innovation: Where next?
Dubai / Emirates Business Dubai Tourism has commissioned ‘Destination Innovation: Where Next?’ — a dynamic multimedia hub featuring quarterly content to support multinational companies on the opportunities and challenges of running a global business. The hub, launched by The Economist Intelligence Unit (EIU) and supported by Dubai Chamber, is part of a move to further enhance the sharing of best ...
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