August, 2016

• 4 August

  DEWA hosts summer camp for engineers

    Dubai / WAM Dubai Electricity and Water Authority, DEWA, organised a summer camp for children under the theme, ‘Engineers of the Future.’ The summer camp features specialised training programmes to develop children’s communication skills, helping them cope with pressure, face obstacles, and enhance teamwork, to promote innovation among children, and create a platform by which they can improve their skills, …

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• 4 August

  Empower unveils advanced and unified billing system

  

    Dubai / WAM Emirates Central Cooling Systems Corporation, Empower, has launched a unified billing system to cater to the needs of customers from the minute they subscribe to Empower’s services until the time the service is completed. The new system includes billing issuance, settlements, complaints management, registration of transactions and many other communications through a central data base. Every customer …

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• 4 August

  National Achievers Congress in Dubai set to inspire Middle East

    Dubai / Emirates Business In collaboration with Najahi and Success Resources, the leading seminar organizer in the world, the Middle East is welcoming its first National Achievers Congress 2016 on November 18-19 at Festival Arena Al Badia in Dubai. In its 23rd year, the renowned international congress brings together a line-up of outstanding global achievers and influencers to the …

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• 4 August

  Trump’s shallowness runs deep

  

    In the 1870s, when Boss Tweed’s Tammany Hall controlled New York City, and in the 1950s and 1960s, when Chicago’s Democratic machine was especially rampant, there was a phenomenon that can be called immunity through profusion: Fresh scandals arrived with metronomic regularity, so there was no time to concentrate on any of them. The public, bewildered by blitzkriegs of …

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• 4 August

  Tax reform will make India business-friendly

    Lawmakers in India’s upper house of parliament on Wednesday unanimously approved the creation of the landmark goods-and-services tax, or GST. It will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time. The tax, which has been kept in limbo for a decade, is seen benefiting …

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• 4 August

  The online lending hits roadblocks

    Investors have been enthusiastic about the potential of online marketplace lenders in recent years, but the industry has hit some significant roadblocks. LendingClub’s stock has fallen almost 60 percent this year. Prosper Marketplace cut about 28 percent of its staff in May. Regulators are starting to circle. The question now is whether these technology-based firms will continue to lose …

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• 4 August

  The party politics of stock-market investing

  

    Who does a better job of managing money, Republicans or Democrats? Thanks to a new study, we finally have at least a partial answer. The paper, by Marian Moszoro and Michael Bykhovsky, uses Federal Election Commission data to identify equity fund managers by their political contributions. If the managers at a fund gave to only one of the two …

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• 4 August

  Winter blast keeps Aussie retail market in the black

  

    Bloomberg Australian retail sales limped through June, saved only by a blast of winter weather that forced shoppers to stock up on warmer clothing and compounded by mid-year discounts. A more realistic reading of the month came in the food section, which showed even alcohol sales actually fell in June. While households got a rate cut in May, adding …

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• 4 August

  Wal-Mart in talks to acquire Amazon rival Jet.com

  

    Bloomberg Wal-Mart Stores Inc. is in talks to buy Jet.com Inc., the e-commerce startup that began a year ago billing itself as a challenger to Amazon.com Inc., according to people familiar with the matter. The discussions may ultimately result in a strategic investment rather than an acquisition, said one of the people, who asked not to be identified because …

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• 4 August

  Feds OKs private firm’s lunar flight plan

    Bloomberg The federal government for the first time has given permission to a private Florida company to fly a spaceship beyond Earth’s orbit and land on the moon. The Federal Aviation Administration gave clearance to Moon Express to land a washing machine-sized vehicle on the moon that would take hops across the lunar surface using engine firings instead of …

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