February, 2019

• 11 February

  Pilots’ strike leaves passengers stranded after holiday in Asia

  

  Bloomberg A shortage of pilots has caused chaos for thousands of passengers during peak travel season in the region, as cockpit crew complaining of overwork extended a strike at Taiwan’s biggest carrier to a fourth day. Since the pilots’ union of China Airlines Ltd. decided to stay away from work, the carrier has scrapped more than 60 flights, taking the ...

  Read More »
• 11 February

  Mattel impresses analysts who now seek guidance at toy fair

  

  Bloomberg Mattel Inc. soared as much as 30 percent, the biggest intraday gain on record after the toymaker’s quarterly results blew past estimates, and posted its first earnings beat in three years. Analysts applauded the Barbie- and Hot Wheels-driven sales strength and believe that, together with the gross margin and earnings beat, shares should move higher. And, while highlighting global ...

  Read More »
• 10 February

  Saudi’s $3.1b plan to ease expat fee costs

  

  Bloomberg Saudi Arabia’s King Salman has approved a plan to ease levies businesses pay on foreign workers to help revive economic growth. Authorities will exempt some companies from paying the 2018 fees or reimburse those that have already paid, according to the official-Saudi Press Agency. To qualify for the aid, businesses need to have made strides in hiring more Saudi ...

  Read More »
• 10 February

  Enoc, BHGE partner on ‘lubricant monitoring’

  

  DUBAI / WAM Baker Hughes, a GE Company (BHGE) announced an agreement with Emirates National Oil Company (Enoc), to co-develop VitalyX, a real-time lubricant monitoring system, which can be deployed in multiple industries using large machinery, and advanced cloud-based system to detect and meas- ure key lubricant properties while simultaneously converting data into actionable insights. Enoc, which will not only ...

  Read More »
• 10 February

  Most Dubai firms see higher growth in Q1

  

  DUBAI / WAM A majority of businesses in Dubai foresee accelerated economic growth during first quarter of 2019, according to quarterly survey conducted by Department of Economic Development (DED) to gath-er the performance expectations and economic outlook of the local business community. The survey, conducted during final quarter of 2018, showed 59% of companies as optimistic about economic growth in ...

  Read More »
• 10 February

  UK eyes free trade pact with GCC countries in future, says minister

  

  Dubai / WAM Rt Hon Liam Fox, UK Secretary of State for International Trade, has said that the UK enjoys strong trading relations with GCC countries and is looking forward to have a free trade agreement with the bloc in the right time. He also said that the World Government Summit is very indicative of the UAE getting increasingly outward ...

  Read More »
• 10 February

  Lockheed Martin to display advanced portfolio at Idex

  

  Emirates Business Lockheed Martin, the United States-based global technology leader, is set to showcase its latest advanced technology solutions at the 14th edition of the International Defense Exhibition and Conference (Idex), the only one in the Mena region, to be held in Abu Dhabi from February 17-21. At Idex, the defense and security firm will highlight a diverse portfolio of ...

  Read More »
• 10 February

  67 govt entities participate at SLC Legislative Week

  Dubai / WAM The Legislative Week, organised by the General Secretariat of the Supreme Legislation Committee of the Emirate of Dubai (SLC), was launched on Sunday, with the opening of the “Legislation Lab”, an interactive platform that gave representatives from 67 government entities the opportunity to discuss current and emerging challenges and to explore ways to further develop government legislation, ...

  Read More »
• 10 February

  World Government Summit opens in Dubai

  

  DUBAI / WAM The seventh session of the World Government Summit kicked off on Sunday morning in Dubai with the participation of more than 4,000 people from 140 countries, including heads of state, ministers and officials who will gather to redefine the future of governments and unite efforts to shape the future of the world. The summit will include 600 ...

  Read More »
• 10 February

  UAE leaders attend WGS

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday heads of states and governments, political leaders, and economic experts participating in ...

  Read More »