ABU DHABI / Reuters IBM on Tuesday signed a $300 million, ten-year technology services agreement with Dubai’s Emirates Airline. IBM will provide information technology services, allowing the airline to improve efficiency on its passenger support systems and functions, a statement from IBM said. Under the managed services agreement, this will include assistance in encrypting the airline’s data in near ...

DUBAI / Reuters Dubai’s DP World won a 50-year concession to develop Posorja port project in Ecuador that will require initial investment of $500 million, the ports operator said in a bourse statement on Tuesday. The initial investment “will include the purchase of land, dredging of a new access channel, a 20 km access road and a 400 metre berth ...

  ALKESH SHARMA / Emirates Business UAE’s commercial fit-out sector — which is the leading the market in the entire GCC region — is bombarded with bespoke designs that meet the discerning requirements of millennial generation. New trends have marked an end to the cubical structures donning the office corridors, and open spaces that allow free access of ideas, communications ...

  Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives – concluded the activities of the second Nobel Museum Exhibition, which was organised over nearly three months from February 21 to May 30 at Children’s City in Dubai Creek Park under the theme, ‘Exploring life: the ...

  SUNAINA RANA / Emirates Business Automotive companies are gearing up to sweep you off your feet this Holy month. Firms have come up with some of the most attractive offers as the season usually accounts for the highest percentage of sales throughout the year. Hussam Baghdadi, Sales General Manager at Infiniti of Arabian Automobiles Infiniti told Emirates Business, “The ...

  BLOOMBERG Stocks rallied with emerging markets as investors added to bets that U.S. interest rates will stay lower for longer, keeping growth on track. The MSCI All Country World Index headed for its strongest close since April after Federal Reserve Chair Janet Yellen on Monday signalled that officials won’t derail the economy with a premature rate hike. Emerging-market stocks ...

  Bloomberg Corn futures surged into a bull market as production concerns in the U.S. and Brazil, the world’s biggest exporters, sparked optimism that the global grain glut will ease. Dry conditions have beleaguered Brazil’s crops so much that the nation’s chicken processors have been forced to reduce production as domestic consumers compete with foreign buyers for grain supplies. Now, ...

  Bloomberg The death of meaningful U.S. immigration reform, done in by Washington partisanship and Republican presidential candidate Donald Trump’s incendiary comments on foreigners, is leaving crops withering in the field and the farm lobby with nowhere to turn as a labor shortage intensifies. Carlos Castaneda watched one-quarter of his Napa cabbages rot in three of his California fields this ...

  Dubai / WAM The Telecommunications Regulatory Authority’s (TRA), Computer Emergency Readiness Team, aeCERT, and the Dubai Financial Services Authority (DFSA) have signed an agreement to jointly promote information security at the DFSA and provide companies with measures to avert all forms of attacks in cyberspace. TRA will provide guidance, education and awareness about online threats, as well as assist ...

  ABU DHABI / Emirates Business Following the Ministry of Economy’s recent announcement of its plan to monitor markets and open channels of communication with consumers during the Holy Month of Ramadan, the Ministry conducted an inspection of the Al Jubail Market in Sharjah on Tuesday. The visit was led by Dr Hashim Al Nuaimi, Director of the Ministry’s Consumer ...