Bloomberg Verizon Communications Inc. suffered its worst quarter of subscriber growth in more than six years amid intensified price competition from smaller rivals, adding pressure on the company’s media and advertising ventures to take up the slack for a rapidly maturing wireless business. The nation’s largest wireless carrier signed up 442,000 total subscribers in the third quarter, falling far ...
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Etihad to deploy Dreamliner on Abu Dhabi-Tokyo Narita route
Abu Dhabi / Emirates Business From December 1, guests flying between Abu Dhabi and Tokyo Narita will enjoy the luxury and comfort of a Boeing 787 Dreamliner when Etihad Airways upgrades its service on the route. The state-of-the-art aircraft, configured in three classes, features the airline’s ground-breaking First Suites, Business Studios and Economy Smart Seats. It will replace the ...
Read More »Smart Dubai’s 300 Smart City innovations on display at tech expo
Dubai / Emirates Business Smart traffic and virtual reality housing are among the citizen services at GITEX Technology Week that show the UAE government at the forefront of global innovation and enhancing daily lives. Smart Dubai is showcasing more than 300 Smart City innovations, across 11 experiences and six Smart City dimensions, in line with the Happiness Agenda. “Smart ...
Read More »Dubai SME partners with Dubai First to facilitate SME funding
Dubai / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Dubai First, one of the leading consumer finance companies in the UAE, to facilitate SME access to funding. The agreement will see Dubai First ...
Read More »Women are drivers of nation’s economy, says Sultan Al Qasimi
Sharjah / Emirates Business Women are the drivers of the nation’s economy – that was the message given by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, at the opening of the second edition of the ‘Investing in the Future’ (IFFMENA) conference, which took place yesterday at the Al Jawaher Reception ...
Read More »Iraq troops move to retake Christian town near Mosul
Qayyarah /Â AFP Iraqi forces prepared to retake the country’s largest Christian town from the IS group on Wednesday, a key milestone in their progress towards the extremists’ main hub of Mosul. News of the move to recapture Qaraqosh sparked jubilation among Christians who had fled the town, with many dancing and singing in the city of Arbil. Launched on ...
Read More »China growth steady on property, credit
AFP Chinese growth stabilised in the third quarter, data showed on Wednesday, as ample credit and hot property markets propped up the world’s second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy ...
Read More »Liberty House to bid for Oz Arrium assests
Bloomberg Liberty House Group is among bidders to have submitted an offer for the steel and iron ore assets of Australia’s Arrium Ltd., according to people with knowledge of the process. The London-based steelmaker and metals trader made a non-binding proposal, the people said, requesting anonymity as the details are private. Liberty House faces competition, including from private equity ...
Read More »EU trade deal has Canada’s food exporters salivating
AFP Canadian food exporters at a major trade fair in Paris fear a last minute dispute will spoil a free trade deal between Canada and the European Union. Having taken years to negotiate, some producers voiced impatience for the deal to now be finally sealed; others simply fail to see why anyone would reject it. Barring a few sensitive ...
Read More »â€˜Supply shortage not to push up oil prices’
Bloomberg The world’s largest publicly listed oil company says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil Corp., presented an upbeat view of how technology will allow companies to pump more, preventing ...
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