Sanobar Sabah / Special to Emirates Business Shrinking employment opportunities across various sectors in the UAE are triggering greater interest in entrepreneurship, say experts and local entrepreneurs. This appears to be the case among nationals as well as expatriates. “People are inspired by the success of startups with disruptive business models, and by internet-powered businesses which have managed to ...

  RITIKA SHARMA / Emirates Business UAE has always been in the forefront to welcome new investments. Companies in the country are now charting out innovative plans that encourage more individual investors to consider buying properties in the Emirates’ bustling hospitality sector. Leading the way, Dubai-based real estate developer DAMAC Properties is providing one-of-its-kind opportunities for individual investors to tap ...

  Abu Dhabi / Emirates Business The second phase of the Mira Oasis community will consist of 1393 units and is divided into 3 plots that will comprise of fully fitted contemporary townhouses stylishly designed with a choice of courtyard living. With spacious 3-4 bedroom units that come in different types of housing clusters, the community will effortlessly integrate family ...

  London / Bloomberg EasyJet Plc joined British Airways owner IAG SA in warning that a drop in travel demand and a slump in the value of sterling following the UK vote to quit the European Union will hurt earnings for the rest of the summer. Shares of Luton, England-based EasyJet fell as much as 19 percent and were priced ...

  Washington / Bloomberg Spirit Airlines Inc. wants to eliminate its reputation for late arrivals, but has no illusions it will ever be No. 1 for being on-time. Traditionally saddled with one of the worst on-time performances among U.S. carriers, the ultra-low-cost airline will try to improve its rate by 10 percentage points this year as one of several steps ...

    Beaverton / Bloomberg The race to run the world’s biggest sports brand is now a three-way contest. Nike Inc. Chief Executive Officer Mark Parker isn’t going anywhere just yet, but an April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed him. The payoff: a chance to ...

  Washington / TNS A lack of staff to train air traffic controllers means it can take six years — twice the norm — for the new hires to become fully certified at the busiest US control facilities, according to industry experts and government reports. The training delays come as the National Air Traffic Controllers Association says it faces a ...

  Ottawa, Canada / AFP Canada, Mexico and the United States will look to dovetail their climate and other policies into a continental strategy when Prime Minister Justin Trudeau hosts Barack Obama and Enrique Pena Nieto on Wednesday. But Britain’s shocking vote to quit the European Union has also abruptly shoved itself onto the agenda of the summit, which the countries ...

  Bloomberg International Monetary Fund Managing Director Christine Lagarde said that the fallout from Britain’s vote to leave the European Union hinges on what policy makers do in coming days. Much of the outcome “is going to depend on certainty or uncertainty, predictability or lack of predictability — people going in a risk-off mode or considering that the situation is ...

  Bloomberg Oil traded near $48 a barrel as the market remained volatile after the U.K. last week voted to leave the EU. Futures rose as much as 0.7 percent after declining 1.5 percent earlier in New York, following Friday’s 4.9 percent slump, the biggest drop in four months. The turmoil in financial markets continued on Monday with the pound ...