Dubai / Gulf Time Etisalat UAE, branded as etisalat by e&, on Tuesday announced a memorandum of understanding (MoU) with Emirati Talent Competitiveness Council (ETCC) to participate in the Nafis initiative that will involve the hiring and empowering of more than 500 Emirati professionals in its retail, customer service, technology and IT space in a span of five years. ...
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Dubai-based Jebal al Ofoq eyeing major expansion
Dubai / Gulf Time As the global pandemic has subsided the global market seems bullish. The cosmopolitan city of Dubai which is synonymous with the plush shopping malls, penthouses and real estate activity has returned to normal. As per the quarterly figures made available by the UAE central bank it is indicated that total real GDP increased by 8.2 ...
Read More »FTA to launch new integrated platform ‘EmaraTax’
Dubai / WAM The UAE Federal Tax Authority (FTA) on Tuesday announced the launch of the new “EmaraTax” integrated platform later this year following an extensive period of assessment, consultation and development. EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds. The new platform also greatly enhances the ability ...
Read More »Abu Dhabi to track sightings of species with new app
Abu Dhabi / WAM A new smartphone app and website was launched on Tuesday to help people learn more about Abu Dhabi’s wildlife and report sightings to the Environment Agency – Abu Dhabi (EAD). The app was launched during Gitex which began on October 10 and concludes on October 14, at the Dubai International Convention and Exhibition Centre. Abu ...
Read More »Italy may find November is the cruelest month
It won’t take much to push highly indebted Italy into a debt crisis, as it is already flirting with bond yields close to unsustainable levels. The big risk is of a buyer’s strike, akin to the recent UK gilt market meltdown. What happens next month will be crucial for the nation’s economic future. A lot of things have to come ...
Read More »This imitation currency crisis needs work
Where have Asia’s rebels gone? It’s striking how conventional the region’s response has been to the spike in inflation and worrisome slides in currencies. Unlike a generation ago, today’s challenges haven’t forced a retreat from the orthodox. The radical center is holding. Whenever Asia is under financial duress, it’s tempting to reach for comparisons with the collapse of the ...
Read More »Retailers should prepare for a revenge Christmas
If it feels like the winter holiday season starts earlier every year, that’s because it does. It’s not just the pumpkin spice lattes and Christmas knits taking over your Instagram feed. This week, Target Corp. kicked off its deal days. Next week, Amazon.com Inc.’s second prime day of the year takes place. Retailers are right to be out of ...
Read More »Credit Suisse shows banks still need more capital
Yet again, trouble at a big European bank, this time Credit Suisse Group AG, is roiling markets. Concerns about the cost of an expected restructuring have sent its share price gyrating wildly, leading both executives and analysts to appeal for calm and emphasize that the bank is among the best capitalized of its peers. If only that comparison were ...
Read More »US retailers looking past China for suppliers see costs up 30%
Bloomberg When Mike Newman started to hear warnings earlier this year about delays at ports on the US West Coast because of labour negotiations, the threat of more supply-chain chaos “became the last straw for us.†So the chief executive officer of New York-based Returnity Innovations moved about two-thirds of his production of reusable shipping bags and boxes to ...
Read More »Airbus delivers 55 jets in September, still short of 2022 goal
Bloomberg Airbus SE jetliner handovers increased in September, while remaining short of the monthly average needed to reach an already downgraded year-end goal. The planemaker delivered 55 aircraft, up from 39 in August, it said, confirming a Bloomberg report. That takes net tally to 435, meaning it must ship an average 88 per month to hit the annual target of ...
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