December, 2017

• 24 December

  TRA launches 5G technology in UAE

  Dubai / WAM The Telecommunications Regulatory Authority (TRA), announced the initiation of IMT2020 technology, also known as 5G technology. Licencees from mobile operators in the UAE will start the deployment of 5G networks in several phases starting from early 2018, allowing the use of harmonised spectrum bands and the development of the ICT infrastructure. This development facilitates the implementation of ...

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• 24 December

  Etihad expects flight delays, cancellations

  Abu Dhabi / WAM Due to heavy fog forecasts in Abu Dhabi over the next few days, Etihad Airways has anticipated some flight delays and cancellations. As a consequence, some return flights of Etihad Airways into Abu Dhabi are also expected to face disruption, according to the company’s spokesman. Guests holding bookings over the next few days are advised to ...

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• 24 December

  Green Valley invested AED3.2bn in realty projects

  

  Dubai / Emirates Business Green Valley Real Estate announced on Sunday that the total investment in 2017 skyrocketed and far exceeded the original estimate of AED3.2 billion. Green Valley, an established name in social and international markets, strives to maintain a global presence through established worldwide communities in different countries. As of 2017, the group owns a total of 42 ...

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• 24 December

  Musk’s SpaceX caps record year with satellite launch

  

  Bloomberg SpaceX’s launch of a rocket carrying a batch of satellites into low-earth orbit caps a record year for the closely held company led by Elon Musk. The mission from California’s central coast was Space Exploration Technologies Corp.’s 18th this year. That’s more than any competitor and far exceeds the eight it launched in 2016 before a September explosion grounded ...

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• 24 December

  UK’s Aston Martin recalls 5,000 cars in America

  

  Bloomberg Best known as the maker of James Bond’s favourite car, Aston Martin is recalling more than 5,000 vehicles in the US because of a pair of problems. The Gaydon, England-based company, whose vehicles sell for more than $200,000, is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish vehicles made between 2009 and 2016 because of problems with the power ...

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• 24 December

  Uber’s loss in Europe shows trans-Atlantic split over tech

  

  Bloomberg A European Union decision to treat Uber Technologies Inc. like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden US cities to restrict the ride-sharing service. The EU Court of Justice ruled against Uber, which had argued it’s a technology platform connecting passengers with independent drivers, not a transportation company subject ...

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• 24 December

  Fiat to recall 1.48mn US pickups on rollaway risk

  Bloomberg Fiat Chrysler Automobiles NV will recall 1.48 million Ram pickups in the US on the risk that a faulty component on certain trucks could allow the vehicles to roll away inadvertently while in park, the company said. If a driver repeatedly sits in the truck with their foot on the brake for prolonged periods of time with the truck ...

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• 24 December

  Bloomingdale’s Santa Claus detects surge in stressed-out adults

  

  Bloomberg Santa Claus was perched on his throne at the Bloomingdale’s in midtown Manhattan. It was slow, a weekday before the after-school rush, so he knew what to expect: grown-ups. “When it’s quiet,” Santa said, “you get more adults taking selfies.” Sure enough, minutes later a woman walked past the giant FAO Schwartz stuffed animals and caught his eye. “Can ...

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• 24 December

  Bitcoin climbs, finding floor after worst selloff since 2015

  

  Bloomberg Bitcoin rebounded along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble. The double-digit bounceback was strongest with second-tier digital coins. Bitcoin cash soared 21 percent and litecoin gained 12 percent as cryptocurrency traders regained optimism. They weren’t put off by comments published ...

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• 24 December

  Gulf markets slip, Egypt hits record high

  

  Reuters Gulf stock markets slipped on Sunday as trading volumes were mostly low because of the absence of many foreign investors for Christmas holidays. Egypt rose to a record high but volume was very low there too. The Saudi index fell 0.4 percent as telecommunications firm Zain Saudi lost 2.0 percent and rival Mobily dropped 2.4 percent. Arabian Cement fell ...

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