September, 2017

• 13 September

  EasyJet links up with long-haul flights at London Gatwick

  

  Bloomberg EasyJet Plc struck a deal with Norwegian Air Shuttle ASA and Canada’s WestJet Ltd allowing its passengers to transfer onto their long-haul flights at London Gatwick airport. Europe’s second-biggest discount airline is exploring similar accords with Middle Eastern and East Asian carriers, and plans to extend the service to some of its other major bases, according to a statement. ...

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• 13 September

  JC Penney missed out on 3300% rally as dumped asset skyrockets

  

  Bloomberg JC Penney Co. bailed on Brazil more than a decade ago. In hindsight, sticking it out would have been the smarter move. Lojas Renner SA, the Brazilian retailer that JC Penney divested in 2005 for $230 million, is now worth $7.9 billion, an increase of more than 3,300 percent. Meanwhile, the iconic American department-store chain has seen its own ...

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• 13 September

  Airport sleep pods are here for stranded passengers

  

  Bloomberg For decades, a thunderstorm or missed connection meant you might have to sleep in the airport, leaving frustrated travellers with a truly tired dilemma: Is the boarding gate chair-curl worth a try, or is it better just to grab some floor? Some airports are considering a better way to accommodate unlucky passengers while making some money in the process. ...

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• 12 September

  Global e-learning sector to reach $325bn by 2025

  

  ABU DHABI / Emirates Business The global e-learning industry is fast climbing, thanks to conti-nuous advanced technological innovations, high modern skill demand in the market, and the need to update individual competencies for career advancement, among other factors. Market research firm Research and Markets predicts that the international online learning market will experience a compound annual growth rate of approximately ...

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• 12 September

  Real estate sector drives stock markets

  Abu Dhabi / WAM Decent gains held by the real estate sector kept UAE markets stable on Tuesday, with ADX General Index closing high 0.71 percent at 4470 and DFM General Index slightly down 0.03 percent at 3652 points. Emaar hit a new high, closing at AED8.78, driven by the momentum created by the now-running Cityscape Global 2017. Market analysts ...

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• 12 September

  Insiders trading ban effective next week

  ABU DHABI / WAM A ban on insiders’ trading on UAE capital markets will go into force effective next week until the revelation of the Q3 financial statements by listed companies in compliance with the rules and regulations of the Securities and Commodities Authority. The Abu Dhabi Securities Exchange and Dubai Financial Market have announced that the band shall be ...

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• 12 September

  Aldar, Union National Bank tie up for escrow services

  

  DUBAI / WAM Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide escrow account services for Water’s Edge buyers. The partnership will enable Aldar to utilise escrow facilities for the recently announced waterfront development, and Yas Island’s first mid-market property, which comprises 2,255 apartments. Talal ...

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• 12 September

  Emirates NBD named ‘banking company of year’

  Dubai / Emirates Business Emirates NBD, a leading bank in the region, took home the title of ‘Banking Company of the Year’ at the annual Gulf Business Awards. Recognised for its strong financial performance and continued commitment to the digitalisation of banking services in the UAE, the bank received the prestigious honour for the second consecutive year. Emirates NBD was ...

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• 12 September

  VP lauds lifting of restrictions on direct sales of properties

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured Cityscape Global 2017 in Dubai World Trade Centre where he was shown around the pavilions of the universal event in its 16th edition which woos impressive presence from 16 Arab and foreign countries and in ...

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• 12 September

  ADGM, LTP form alliance to enhance FinTech ecosystem

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Let’s Talk Payments (LTP), have formed an alliance to enhance the FinTech ecosystem, and the growth and deployment of innovation in the Middle East and Africa, MEA, region, by opening the network and connectivity among the local, regional and international FinTech communities. The ...

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