March, 2016

• 24 March

  BHS’ troubles should be a warning for other retailers

  

  Bloomberg BHS, the dowdy department store, will live to fight another day. The struggling privately owned retailer has been given a lifeline after landlords voted to approve a restructuring that would ease its rent burden. The company’s near miss can only partly be seen as consequence of the 15 years it spent under the leadership of retail entrepreneur Sir Philip ...

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• 24 March

  Carrefoursa owners hire Bank of America for offering

  Bloomberg The owners of Turkish supermarket chain Carrefoursa have hired Bank of America Corp. to sell shares in the joint venture to boost the stock’s trading on the Istanbul stock exchange, according to people with knowledge of the matter. The companies haven’t made a final decision about the share sale, said the people, who asked not to be named because ...

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• 24 March

  American Airlines adds profit sharing to end workers’ rift

  

  Bloomberg American Airlines Group Inc. gave in to pressure from employees and adopted a profit-sharing programme, acknowledging the issue was thwarting efforts to improve labor relations and the carrier’s performance. American joins the other large US carriers — Delta Air Lines Inc., United Continental Holdings and Southwest Airlines Co. — in splitting some earnings with employees. Starting this year, 5 ...

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• 24 March

  Nigeria bets on jumbos and springs to woo tourists

  

  AFP A luxury safari is probably not the first thing that comes to mind when potential tourists think of Nigeria but that’s exactly what Yankari Game Reserve is hoping to change. In Africa’s largest economy, suffering from the collapse in global oil prices, tourism is being touted as a panacea to slow growth and a depreciating naira. Leading the charge ...

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• 24 March

  Print now, digital dark ages loom

  

  Justin Fox / bloomberg Read a history that spans times ancient and modern, as I’ve been doing lately, and you encounter a striking shift in the late Middle Ages. Until that point, documentary information is scarce, and narratives must be pieced together from smatterings of written matter and archaeological evidence. Afterward, historians face a growing surfeit of information, and their ...

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• 24 March

  Living the ‘virtual’ reality

  

  RITIKA SHARMA / EMIRATES BUSINESS In this tech-driven age, cloud computing is one of the most innovative mantras that enterprises are using to optimum levels to keep their operations agile and up-to-date in the prevailing ecosystem of cut-throat competition. Also cloud is offering a flexible platform to the companies that are struggling with the problem of handling big data efficiently. ...

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• 24 March

  Offering Next-Gen security solutions

  

  ALKESH SHARMA / EMIRATES BUSINESS Carbon Black leads a new era of endpoint security by enabling organisations to disrupt advanced attacks, deploy the best prevention strategies for their business, and leverage the expertise of 10,000 professionals from IR firms, MSSPs and enterprises to shift the balance of power back to security teams. Only Carbon Black continuously records and centrally retains ...

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• 23 March

  VP reviews AED8bn One Central project

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, was briefed on the engineering designs and the general plan of the One Central mixed use project, which is being implemented by the Dubai World Trade Centre Authority (DTCA) in the Central Business District in Dubai at a ...

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• 23 March

  Al Maktoum Airport to handle 26.5mn passengers

  ABU DHABI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airline and Group, and Chairman of Dubai Aviation City Corporation, on Wednesday signed a contract agreement with Al Jaber LEGT Engineering and Contracting LLC(ALEC), paving the way for the Passenger Terminal Building expansion at Al Maktoum International ...

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• 23 March

  Al Mansouri and Oz, Greek envoys hold talks on economy, investment

  

  ABU DHABI / WAM The UAE’s non-oil trade with Australia stood at US$2 billion in the first nine months of 2015, making Australia one of its major strategic trading partners, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with Australian Ambassador to the UAE, Arthur Spyrou, on Wednesday. He said there were 48 Australian companies, 60 ...

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