February, 2017

• 7 February

  UniCredit begins $14bn cash call against shaky backdrop

  

    MILAN / Reuters UniCredit began Italy’s biggest corporate share sale in an attempt to raise 13 billion euros ($14 billion) to rebuild the bank’s capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a deep recession, leading to a series of capital raisings and consolidation in the …

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• 7 February

  Harvesting olives in West Bank

  

    Dura Al Qari’a / DPA Plastic tarps on the ground are slowly filling up with green and black olives. Imad Hasan, clad in a blue pullover, a cap and jogging pants, is standing on a metal ladder five metres above the ground, picking the olives by hand from the tree, the ripe fruit nestled between narrow pointed leaves. Down …

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• 7 February

  Female engineer braves odds in Antarctica

  

    Carlini Base / DPA What’s it like to live surrounded by an immense swath of sea, ice and mountains, 900 kilometres from the nearest city? Julia Luna, 28, is the first woman to spend a winter here on Argentina’s Carlini Base, an Antarctic scientific research site. As a systems engineer, she has one of the most unusual jobs on …

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• 7 February

  Dubai fourth most visited city in world

  

    Dubai / WAM Dubai attracted 14.9 million overnight visitors in 2016, recording a healthy five percent increase over 2015, and an impressive four-year (2012-2016) compound annual growth rate or CAGR of eight percent since Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the 2020 tourism strategy. According to the Department …

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• 7 February

  Pink Caravan Ride to carry out ten cancer awareness drive across UAE

    Sharjah / Emirates Business It is that time of year in the UAE when Sharjah-based Friends of Cancer Patients’ (FoCP’s) annual cancer campaign, the Pink Caravan Ride, is back and will carry out a 10-day cancer awareness drive across the seven emirates from March 7-17. This will be the Ride’s the 7th edition under the theme ‘7 Years for …

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• 7 February

  First batch of Coastal Seafaring course honoured

  

    Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the emirate’s community and commercial ports as well as Khalifa Industrial Zone, honoured the first enrolled batch of students for completing the initial phase of training in its certified Coastal Seafaring course to become seafarers in the future. The batch included 16 Emiratis, including …

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• 7 February

  Final condenser for Barakah installed

    Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has completed the installation of the condenser for Unit 4 of the Barakah Nuclear Energy Plant, being built in the Western Region of Abu Dhabi. As one of the largest condensers in the Middle East region, the one installed at Unit 4 marks the final condenser installation at …

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• 7 February

  Trump’s $1trn plan may buy less metal than expected

  

    Bloomberg Anyone expecting more from the Donald Trump rally in metals should probably consider just how much $1 trillion in government spending will actually buy. That’s the amount the new US president pledged to expand and rebuild American infrastructure like roads and airports over the next decade. While Trump has yet to make a formal proposal to Congress, investors …

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• 7 February

  Google coordinates funding of legal brief versus Trump order

  

    Bloomberg Google parent Alphabet Inc. is organizing the funding of the legal brief signed by more than 120 companies that oppose President Donald Trump’s executive order on immigration, according to people familiar with the arrangement. While Alphabet is coordinating with Washington, D.C.-based law firm Mayer Brown LLP to handle the amicus brief, other companies have offered to fund a …

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• 7 February

  Fitbit faces probe into theft of Jawbone trade secrets

  

    Bloomberg Jawbone Inc. isn’t backing down in its legal fight with Fitbit Inc., asserting in a court filing that its rival is under investigation by a criminal grand jury for theft of trade secrets. The two pioneers in wearable activity trackers have been embroiled in legal battles since May 2015, when Jawbone accused Fitbit in a lawsuit of plundering …

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