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Travellers look to more tailored trips

  Alkesh Sharma Emirates Business Airlines worldwide are spending more on technological advances to offer more personalised options for travellers. Right from booking the most comfortable seat to tracking luggage, printing boarding pass and getting regular updates on flight schedules, passengers are now able to control an array of things through their smart devices. According to The Airline IT Trends ...

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DED new biz activities to meet market needs

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai has made eight new additions to the list of business activities licensed in the emirate, bringing the total number of activities to 2,133 from 2,125. The decision follows feedback on local market needs and the demand-supply situation gathered periodically from various industry sectors as part of facilitating ...

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More support for Afghan troops part of latest Obama strategy

  WASHINGTON / AP Far from ending the two wars he inherited from the Bush administration, Barack Obama is wrestling with an expanded set of conflicts in the final months of his presidency, from Iraq and Afghanistan to Libya and Syria, with no end in sight. In Afghanistan, where a Taliban resurgence has upset Washington’s “exit strategy,” Obama is giving the ...

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West slams Syrian regime over barrel bombings of Daraya

  Beirut/ AFP Western powers lashed out at Syria’s government, accusing regime forces of dropping barrel bombs on the town of Daraya hours after it received its first food aid in almost four years. The strikes, using crude unguided explosive devices, came as Arab-Kurdish fighters said they had encircled a stronghold of IS fighters in northern Syria, cutting off a ...

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IMF urges China to tackle ‘high’ corporate debt immediately

  Beijing / Bloomberg The International Monetary Fund’s No. 2 official urged China to take immediate steps to tackle rising corporate debt or risk “dangerous detours” during the country’s transition to a consumption-oriented economy. “Corporate debt remains a serious — and growing — problem that must be addressed immediately and with a commitment to serious reforms,” David Lipton, the IMF’s ...

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Treasury yields at lowest since 2013 show bets on Fed hike fade

Bloomberg Treasuries logged their biggest two-week gain since February as traders wagered that the Federal Reserve will forgo raising interest rates for months to come. Benchmark yields sank to the lowest since 2013, driven by investors seeking shelter in government debt amid global growth concerns and the threat of instability when the U.K. votes June 23 on membership in the ...

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Bond investors losing faith in Central Banks turn to German debt

  Bloomberg Investors are showing little appetite for repeating the rebellion against record-low government bond yields in Europe that peaked this time last year. As faith in central bankers’ ability to boost economic growth and revive inflation diminished, German 10-year bund yields slid to a record this week. The previous low set in April 2015 was followed by a spike ...

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ME to spend $212bn on IT

  DUBAI / Emirates Business Under the theme “Reimagining Realities”, Gitex Technology Week 2016, from October 16-20, will highlight how technology can transform businesses through cutting-edge showcases, international keynotes and dignitaries from around the globe in attendance. Robotics and drones will demonstrate how the supply chain is evolving at the upcoming Gitex Technology Week, the largest technology exchange and marketplace ...

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Hamdan reviews ‘Dubai Pulse’

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, reviewed the Dubai Pulse report, a detailed study on the performance of Dubai Plan 2021 since its launch. Speaking on the occasion, Sheikh Hamdan said, “Today, we reviewed the Dubai Pulse report which outlines the achievements ...

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