Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its …
Read More »
Beijing, China /Â AFP Chinese manufacturers and Internet giants are in hot pursuit of their US counterparts in the race to design driverless cars, but the route to market is still littered with potholes. While Google has been working on autonomous vehicles for at least six years, with the likes of BMW, Volvo and Toyota in its wake, more recently …
Read More »
London / AFP London has more billionaires — measured in pounds sterling — than any other city in the world, according to The Sunday Times’ Rich List 2016. Some of the richest tycoons in Britain have lost vast chunks of their fortunes because of a retail slump, sinking oil prices and the steel industry crisis.. Nevertheless, the overall fortune of …
Read More »
Sunaina Rana / Emirates Business F1 races are all about micro-second details and it’s the data connectivity that shapes the fate of the race in terms of decisive factors to declare the winners. Tata Communications is the backbone behind this network at the Bahrain Grand Prix. Similar to this, Tata Comms enables various regional enterprises ranging from financial, media …
Read More »
Our Correspondent / EMIRATES BUSINESS Since its inception, Cayan Group has evolved into one of the Middle East´s leading Real Estate Developers. With solid financial backing, the company has earned a reputation for developing projects that invariably receive international acclaim. Cayan Group is an international leading property developers and real estate investment group with offices in Riyadh, Saudi Arabia …
Read More »
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the Dubai Future Agenda as a strategic framework for the Dubai Future Foundation. His Highness said, “Today we have launched ‘Dubai Future Foundation’ and we look forward to a new phase in which the Foundation …
Read More »
DUBAI / WAM Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of Emirates Group, the Department of Economic Development (DED), Government of Dubai, launched a new initiative—the Business Community Engagement (BCE) to deepen and strengthen DED’s relationship with the business community. The …
Read More »ABU DHABI / WAM The Abu Dhabi City Municipality launched an extensive campaign aimed at combating disorderly accommodation as well as condensed bachelors accommodation in areas falling within the realms of authorities of Al Wathba Municipal Centre. The campaign is intended to confronting this phenomenon, and enforcing the environmental and health standards by organising awareness and educational campaigns targeting …
Read More »ABU DHABI / WAM The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was up 3.2%, compared with the same period of 2015, according to a report released by Statistics Centre – Abu Dhabi (SCAD). The annual inflation rate for the first quarter of 2016 was 3.2%, …
Read More »DUBAI / EMIRATES BUSINESS Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. It takes place at the Dubai International Convention & Exhibition Centre from April 25-28.
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.