January, 2018

• 3 January

  GCAA hosts first ‘aviation youth circle’ in Dubai

  

  DUBAI / WAM The UAE’s General Civil Aviation Authority (GCAA) hosted a Youth Circle entitled ‘Youth & Sustainability in Aviation’ in conjunction with the Ministry of Youth Affairs and Emirates Engineering at Dubai International Airport. Attended by around 70 young people representing a range of technical and managerial backgrounds in the aviation sector, the meeting discussed issues that young Emiratis ...

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• 3 January

  EAG marks 2018 as the Year of Zayed

  

  Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) has announced a year-long programme of activities and humanitarian initiatives to mark 2018 as the Year of Zayed. Etihad’s headquarters in Abu Dhabi inaugurated its Year of Zayed activities by holding a flag-raising ceremony attended by employees. The aviation group’s offices and buildings around the world are now adorned with Sheikh ...

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• 3 January

  DHCC sets up new visa processing centre

  DUBAI / WAM Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), on Wednesday announced, in collaboration with the Federal Authority for Identity and Citizenship (ICA), the setting up of an ICA’s Customer Happiness Centre in the free zone to serve its community members and the wider Dubai community. As many as 8,000 people working in ...

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• 3 January

  Gulf Craft to attend inaugural Phuket Rendezvous

  

  Dubai / Emirates Business Gulf Craft will start 2018 in style in Thailand at the new luxury lifestyle event Phuket Rendezvous from January 4 to 7. “Thailand is an increasingly important market for several reasons,” said Tony Nixey, Managing Director of Gulf Craft’s dealer in the country, Go Boating Thailand. “Not only is it popular with the global yachting community, ...

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• 3 January

  MoneyGram deal collapse may force rethink at Jack Ma’s Ant

  

  Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...

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• 3 January

  Samling prepares $250 million IPO for Bentley dealer

  Bloomberg Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than $250 million, people with knowledge of the matter said. Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. The share sale ...

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• 3 January

  BlackBerry, Baidu to work on car software

  Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...

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• 3 January

  Chaotic tax overhaul in India becoming bad news for truckers

  

  Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious states”—anxious to retain pre-GST earnings—are ...

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• 3 January

  Dollar halts slide, US stocks soar ahead of Fed’s meeting minutes

  

  Bloomberg The dollar snapped its longest losing streak since September and US stocks climbed to record highs for a second consecutive day ahead of the release of minutes from the Federal Reserve’s December policy meeting. The Standard & Poor’s 500 Index rose past 2,700 for the first time, while the Nasdaq Composite Index also reached a record as a report ...

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• 3 January

  Gulf rises as Emaar continues rebound

  

  Reuters Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai’s blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai’s index added 1.4 percent to 3,459 points in rising volume as Emaar Properties gained a further 2.9 percent. ...

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