August, 2017

• 14 August

  Mohamed offers condolences to family of martyr Ahmed Al Baloushi

  

  DUBAI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, paid his condolences, on Monday, to the family of the martyr, Captain Ahmed Khalifa Al Baloushi, who lost his life while serving with the Arab Coalition’s “Operation Restoring Hope,” led by Saudi Arabia, to back ...

  Read More »
• 14 August

  Retail trade in UAE to hit AED260 billion by 2021

  

  ABU DHABI / WAM The retail sector in the UAE is a significant mainstay of the domestic economy, with retail trade expected to secure a compound annual growth rate of 4.9 percent to hit AED260 billion by 2021, according to international forecasts. The marked growth of this sector comes in coveted defiance of geopolitical tensions in the Middle East and ...

  Read More »
• 14 August

  ADFD financed nine Pak projects worth AED1.5bn

  

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) has so far supported Pakistan with grants and concessionary loans on behalf of the Abu Dhabi government, valued at AED1.5 billion, across nine sustainable development projects. The projects spanned diverse sectors, most notably transport, water and agriculture, healthcare, and education. The ADFD, which is the leading national entity for development ...

  Read More »
• 14 August

  Experts to discuss maritime trends at MARACAD ’17

  

  DUBAI / Emirates Business Under the patronage of HE Dr Abdullah Bin Mohammed Balheif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority for Land and Maritime, the 3rd Maritime Conference & Expo (MARACAD 2017) will be held at the Dubai International Trade Centre on October 30-31. MARACAD will be held during the peak period supporting ...

  Read More »
• 14 August

  Nominations for Dubai sustainable tourism awards to close in Sept

  DUBAI / WAM Hotels and desert camps in Dubai have just one more month to enter the 2017 Dubai Sustainable Tourism Awards. Part of the Dubai Sustainable Tourism initiative, the awards will recognise hotels and individuals who are adopting tangible measures to contribute to enhanced sustainability within the emirate’s tourism sector. Establishments can enter the awards via the Dubai Sustainable ...

  Read More »
• 14 August

  Angry Birds maker plans $2bn initial public offering next month

  

  ­­­­­­­­­­­Bloomberg The angry birds at Rovio Entertainment Oy are set to lay a golden egg for the company’s founders. The firm is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2 billion, said people familiar with the matter. The company could raise about ...

  Read More »
• 14 August

  Fintech Deposit Solutions acquires rival startup, Savedo

  Bloomberg In a sign that dealmaking in the financial-technology sector may be heating up, a German fintech firm has made the rare move of acquiring a startup to beef up its customer base. Deposit Solutions GmbH, a Hamburg-based company that enables consumers to move their savings around a network of 15 European banks to find the best interest rate, on ...

  Read More »
• 14 August

  Securitas names new CEO ahead of digital change

  

  Bloomberg Securitas AB is replacing its chief executive officer with an insider who’s almost two decades his junior to steer Sweden’s biggest security company through a paradigm shift from manned guarding to big data and artificial intelligence. Magnus Ahlqvist will take over as CEO in March next year after Alf Goransson asked to step down after more than a decade ...

  Read More »
• 14 August

  Google to Yahoo!: Tech grapples with white male discontent

  

  Bloomberg Google isn’t the only Silicon Valley employer being accused of hostility to white men. Yahoo! Inc. and Tata Consultancy Services Ltd. were already fighting discrimination lawsuits brought by white men before Google engineer James Damore ignited a firestorm—and got himself fired—with an internal memo criticising the company’s diversity efforts and claiming women are biologically less suited than men to ...

  Read More »
• 14 August

  Portugal’s economic growth lags forecast

  

  Bloomberg Portugal’s economic growth decelerated more than forecast in the three months through June, expanding at the slowest pace in a year. Gross domestic product rose 0.2 percent from the first quarter, when it expanded 1 percent, the Lisbon-based National Statistics Institute said in a preliminary report on Monday. That fell short of the 0.6 percent increase predicted by economics ...

  Read More »