April, 2016

• 30 April

  Tablet sales are tanking

    Relaxnews Consumers have officially fallen out of love with tablets and are having their heads turned by larger smartphones and more powerful 2-in-1 devices instead. Everyone laughed when Microsoft unveiled the first Surface Pro and claimed that the future was in touch screen PCs, not tablets. But the latest data from Strategy Analytics, published Thursday, shows that Microsoft was ...

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• 30 April

  Bank of Sharjah announces strong results for 2016 Q1

  

    Sharjah / Emirates Business Bank of Sharjah has announced its financial results for the three months ended on March 31, 2016. During the period, the Bank of Sharjah continued to grow its loan book while maintaining the solid structure of the balance sheet, with high levels of both liquidity and capital. Total assets reached AED27,651 million, an increase of ...

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• 30 April

  HAVAL’s 4 designer SUV models make stylish UAE debut

  

    Sunaina Rana / Emirates Business UAE-based automobile company, Swaidan Trading, also the exclusive distributor for Peugeot, has announced a new addition to its passenger vehicle portfolio of HAVAL SUVs. The automotive company has opened an exclusive HAVAL showroom on Sheikh Zayed Road, Dubai. Ajit Kumar, CEO of Swaidan Trading, told Emirates Business, “At Swaidan Trading, we are looking at ...

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• 30 April

  Cityscape Abu Dhabi records over 15,000 visitors in three days

  

    Abu Dhabi / Emirates Business Organisers of Cityscape Abu Dhabi have reported that more than 15,000 visitors attended the three-day real estate showcase, which saw numerous property development launches, hundreds of units sold and a record turnout at the Cityscape Abu Dhabi Conference. The exhibition, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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• 30 April

  UAE Exchange sees growth in transactions to Arab corridor

  

    Dubai / Emirates Business The World Bank Group’s Migration and Development April 2016 Report has positioned the GCC as a global hub of outward remittances, particularly to non-GCC Arab countries. The report, which highlights the movement of people as well as remittance flows, presents data that dovetails with internal research of UAE Exchange, the leading global remittance, foreign exchange ...

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• 30 April

  Etihad Airways unveils global fashion week sponsorship

  

    Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a comprehensive new global agreement with WME | IMG to become a major long-term partner to the fashion industry by supporting 17 fashion week events around the world annually. Under the agreement, which is the first multinational, multi-year airline sponsorship supporting the fashion industry, ...

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• 30 April

  MasterCard, Visa to expedite chip transactions

  

    Bloomberg Following complaints from retailers, MasterCard Inc. and Visa Inc. have introduced software that they say will speed up slow check-out times for shoppers with new chip-based cards. With the new software, the checkout experience for owners of the security-enhanced chip cards should come closer to those with the old magnetic stripes, the companies say. Consumers will be able ...

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• 30 April

  Delta orders 37 Airbus A321 for $4.2 billion

  

    Paris / AFP Delta ordered 37 of Airbus’ medium-haul A321 aircraft with a catalogue price $4.2 billion (3.7 billion euros) as the US airline seeks to quickly retire older planes. “The order for the A321s is an opportunistic fleet move that enables us to produce strong returns and cost-effectively accelerate the retirement of Delta’s 116 MD-88s in a capital ...

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• 30 April

  Restaurant Group plunges as sales slide at Frankie & Benny’s

  

    Bloomberg Restaurant Group Plc shares plunged in London after the UK owner of Frankie & Benny’s eateries forecast another hit to profits amid deteriorating sales. The stock fell as much as 25 percent to 282.1 pence, the lowest in almost four years. It was down 23 percent at 10:52 a.m., extending its drop this year to 58 percent. After ...

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• 30 April

  Janaillac set to be new head of Air France-KLM

  

    Paris / AFP Jean-Marc Janaillac, head of French transport group Transdev, is likely to be nominated to head Air France-KLM on Tuesday following the surprise resignation of CEO Alexander de Juniac, French economic newspaper La Tribune reported. “According to our information, the group’s nomination committee which met on Friday decided to propose Tuesday to the Air France-KLM board the ...

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