February, 2016

• 24 February

  NFPC begins factory works in Kizad

  

  Abu Dhabi / EMIRATES BUSINESS Khalifa Industrial Zone (Kizad) has announced the launch of construction activities of National Food Product Company’s (NFPC) new 752,000-sq metre production facility. NFPC is one of the largest food producers in the UAE, known for its market leading products such as Oasis, Blu, Milco, Lacnor and Gulf &Safa. The facility, which will manufacture most of ...

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• 24 February

  British Airways opens new lounge in Dubai Airport

  

  Dubai / Emirates Business British Airways has unveiled its prestigious new lounge at the newly built Concourse D in Dubai International Airport. The airline’s new concept lounge features a special Concorde Bar for those flying in First. The lounge has been designed to maximise space using architectural elements such as illuminated glass screens giving customers separate spaces to work, relax ...

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• 24 February

  Synechron embracing new brand identity

  

  Emirates Business Offering innovative platforms to the clients, who are looking forward to make most out of their investments in the digital transformation sector, a leading technology firm Synechron aims to reach $1 billion by the year 2020. Synechron, one of the fastest-growing digital, business consulting and technology services company, has unveiled its new brand identity, representing the significant steps ...

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• 24 February

  Sharjah-Canada biz meet discusses investment scope

  

  WAM Investment opportunities between Sharjah and Canada were discussed at a roundtable session which was recently organised by the Sharjah Investment and Development Authority (Shurooq) in collaboration with the Canadian Business Councils in Dubai and Abu Dhabi. Panels, consisting of top executives from leading government sectors in Sharjah, discussed keys areas of investment and growth in the emirate, and also ...

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• 24 February

  Forget plastic money, let’s pay through wrist watch

  

  Alkesh Sharma / Emirates Business Imagine making a secure payment at a suburban fuel station through your wrist watch by just moving your arm before a machine. It could be certainly far more convenient and a great case of how useful Internet of Things (IoT) technology could be in daily life. With the number of Internet of Things (IoT) enabled ...

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• 24 February

  What a Saudi oil freeze would really mean for markets

  

  Bloomberg Saudi Arabia shot down rumours it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s biggest exporter already pumping near-record volumes, that may not matter. Last week’s pledge to cap production at January levels along with Russia, Venezuela and Qatar — repeated on Tuesday ...

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• 24 February

  Sterling slides further as traders brace for volatility

  

  BLoomberg The pound sank below $1.39 for the first time since March 2009, while a gauge of anxiety in currency markets showed traders are preparing for even more extreme moves. Options traders are paying the most to protect against price swings in six months’ time compared with historical volatility since Lehman Brothers Holdings Inc. collapsed during the 2008 credit crisis. ...

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• 24 February

  Ex-military chiefs say Britain is ‘stronger’ in EU

  London / Bloomberg Thirteen former senior military officers insisted Britain should stay in the European Union on Wednesday, saying the country was “stronger” as a member of the 28-nation bloc in a “dangerous world”. Writing ahead of a membership referendum on June 23, the retired military chiefs said the EU helped protect the country against threats from IS extremists and ...

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• 24 February

  Pound could hit 1985 levels in a ‘Brexit’, economists foresee

  Bloomberg A British exit from the European Union would be so devastating for the pound that 29 out of 34 economists in a Bloomberg survey see it sinking to $1.35 or below within a week of a vote to leave — levels last seen in 1985. Twenty-three of the economists say sterling wouldn’t recover from that rate within three months ...

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• 24 February

  Putin vs Poroshenko: European court claims near $100 billion

  

  Bloomberg Ukraine’s war with pro-Russian rebels may be frozen but the legal battle between Vladimir Putin and Petro Poroshenko is just heating up. The $3 billion lawsuit Russia filed against Ukraine in London last week over a bond default is just a fraction of the $63 billion Ukraine is seeking in lawsuits and other legal claims from Stockholm to The ...

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