Uncategorized

  Dubai / WAM Ahmed Mahboob Musabih, Director of Dubai Customs, has launched new expansions at passenger Operations Department at Dubai International Airport – Terminal 2. They included development of the CCTV room and the Baggage Handling System (BHS) room, plus revamping the staff lounge. The new development included enhancements to the CCTV room which helps Dubai Customs’ officers analyse luggage ...

  Abu Dhabi / WAM Bringing social stability for Emirati families is one of the top priorities of the development vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, during a meeting with a delegation from ...

  DUBAI / Emirates Business Dubai Electricity and Water Authority (DEWA) announced that it has completed 53% of the M-Station expansion project. The M-Station is the newest and largest power production and water desalination plant in the UAE. DEWA completed 3.9 million safe man-hours without any injuries. DEWA is set to inaugurate two gas turbine generators on May 31, 2017, ...

  Dubai / Emirates Business Dubai Courts has launched ‘Rased,’ a judicial work indicator, as a major leap in its smart transformation efforts and a boost to its ongoing initiatives to achieve leadership in the judiciary sector. The smart technical system provides a unified tool to enhance corporate governance, effectively attain strategic goals, and promote high excellence in its main ...

  Honolulu / AFP Japanese Prime Minister Shinzo Abe travels on Tuesday to Hawaii’s Pearl Harbor, the site of a sneak attack by his country that provoked America into entering World War II, to reinforce what the leader calls “the power of reconciliation.” Abe, who was to be hosted by US President Barack Obama, would be the first Japanese premier to ...

  Istanbul / AFP Almost 30 Turkish police went on trial in Istanbul on Tuesday charged with involvement in the July 15 coup, the city’s first trial of alleged putschists in the massive crackdown that followed the failed bid to oust President Recep Tayyip Erdogan. With some 41,000 coup suspects under arrest in a state of emergency, the nationwide trials ...

  Bloomberg Toshiba Corp. can’t get past its accounting problems. The Japanese company, which paid a record fine a year ago for its bookkeeping practices, warned that it may now have to take another charge of several billion dollars related to an acquisition made by US unit Westinghouse Electric. The company’s shares fell 12 percent to 392 yen at the ...

  Bloomberg A private university in Thailand has begun accepting rice in payment for tuition fees as the nation struggles under a grain glut that’s hurting farm incomes. Students enrolled at Rangsit University in Bangkok’s northern suburbs can pay all or part of next semester’s costs with rice, said Worachat Churdchomjan, a dean who helped set up the program. The ...

  Bloomberg Issuance of CLOs (Collateralized Loan Obligation) in Europe in 2017 may exceed this year’s record for post- crisis sales with a well-stocked pipeline of new deals, no let-up in investor demand and supportive credit conditions. Themes seen in recent months look set to carry over into next year, with the issuer and investor base diversifying, more CLO refinancings ...

  London / AFP Britain’s economy grew faster than expected in the third quarter, revised official data showed, indicating no impact yet from the nation’s looming exit from the European Union. Gross domestic product expanded by 0.6 percent in the three months to the end of September, up from the previous estimate of 0.5 percent, the Office for National Statistics ...