August, 2017

• 5 August

  Brexit is no longer so frightening for investors

  As the Brexit process lurches from one drama to the next, dominating UK politics, media and business decisions, traders have grown immune to noise surrounding the country’s departure from the European Union. The British pound is trading near the highest in a year versus the dollar as attention turns instead to headwinds for the greenback. Sterling has even held its ...

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• 5 August

  Jaguar F-Type gets a four-cylinder facelift

  

  Emirates Business Jaguar is broadening the appeal of the new F-TYPE with the introduction of the state-of-the-art four-cylinder Ingenium petrol engine. The award winning F-TYPE family now spans from the entry-level four-cylinder model to Jaguar’s 200mph all-weather supercar – the F-TYPE SVR. The pairing of Jaguar’s all-aluminium two-seat sports car with the advanced 300PS 2.0-litre turbocharged powerplant delivers Jaguar sports ...

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• 5 August

  Rolls-Royce rolls out 8th gen ‘phantom’

  

  Emirates Business From the moment Sir Henry Royce introduced the Rolls-Royce Phantom in 1925 it was judged ‘The Best Car in the World’ by the cognoscenti. As a result it has conveyed some of the world’s most influential and powerful men and women to the most defining historical moments over the last 92 years. Every new Phantom that has subsequently ...

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• 5 August

  Ford marks a century writing truck history

  

  Dubai / Emirates Business One hundred years ago, in 1917, Ford Motor Company set off on an adventure that would change the automotive industry forever. It began with the Model TT, a truck based on the hugely successful Model T car, and grew, over the course of a century, into the world’s best-selling truck brand. Over the years, Ford trucks ...

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• 5 August

  INFINITI QX60 redefines vehicle safety with cutting-edge tech

  

  Dubai / Emirates Business Arabian Automobiles Company, the flagship company of AW Rostamani Group and the exclusive dealer for INFINITI in Dubai, Sharjah and the Northern Emirates, had unveiled the completely redesigned QX60 to the region. For MY2017, the model features additional enhancements that are aimed at empowering the driver with a more premium experience – a model that redefines ...

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• 5 August

  Sanctions! Assad allies got $18mn in UN Syria payouts

  

  The United Nations paid at least $18 million last year to companies with close ties to Bashar al-Assad, some of them run by cronies of the Syrian president who are on US and European Union blacklists. Contracts for telecommunications and security were awarded to regime insiders including Rami Makhlouf, Assad’s cousin. UN staff ran up a $9.5 million bill at ...

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• 5 August

  Noble Group destined to fail, Iceberg says, defying lawsuit

  

  Noble Group Ltd. received a fresh broadside from Iceberg Research as the trader’s long-time foe predicted that the commodity company will probably fail, while telling executives that the anonymous commentator won’t be silenced by being sued. The trader’s shares fell. “Noble is sinking in a perfect storm,” the researcher said in a report on Thursday. “The company is walking towards ...

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• 5 August

  British voters are still worrying about Brexit

  

  The best thing to do with mistakes is learn from them. So as part of her vacation reading, UK Prime Minister Theresa May might want to glance at the just-released British Election Study showing what was foremost on voters’ minds as they cast ballots in the 2017 general election: Brexit The election was supposed to be a walk in Hyde ...

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• 2 August

  Government spending hits AED8.92bn

  ABU DHABI / WAM The actual spending of federal departments amounted to AED8.92 billion during Q1 2017, with a 100 percent budget execution rate, according to a Ministry of Finance report. The Service Sector spending hit AED3.207 billion, which accounts for 36.96 percent of Q1 total spending, while AED2.384 billion went to the Public Order and Safety Affairs Sector- 26.73 ...

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• 2 August

  Stock markets maintain gains

  ABU DHABI / WAM Blue-chips again gave a last-minute boost to the UAE stocks on Wednesday, with Emaar breaking a new high of AED8.49 despite a profit-booking spree during the first half of today’session. Accordingly, decent gains were held by the Abu Dhabi Securities Exchange General Index which was up 1.02 percent, closing at 4608 points, with the Dubai Financial ...

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