February, 2017

• 6 February

  UK property lures Mideast buyers on pound Brexit slump

  

    Bloomberg Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in UK commercial property even as Brexit prompted buyers from every other region to shrink their spending. Investors from the region accounted for 24 percent of all overseas acquisitions in the fourth quarter compared with 10 percent a year earlier, according to data ...

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• 6 February

  Firms from Apple to Zynga file legal brief against Trump ban

  

    Bloomberg Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late on Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society. The companies ...

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• 6 February

  Toyota raises profit forecast as trade tension looms

    Bloomberg Toyota Motor Corp. raised its full-year forecasts — albeit falling short of analysts’ estimates — as the carmaker sought to navigate rising protectionism under US President Donald Trump and as the yen’s volatility weighed on prospects for exports of its Prius and Lexus models. Operating profit will probably be 1.85 trillion yen ($16.4 billion) in the year through ...

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• 6 February

  Flying cars closer to reality

  

    WASHINGTON / AP Even before George Jetson entranced kids with his cartoon flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have long tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, including some with deep pockets such as European aircraft maker Airbus, are ...

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• 6 February

  Hybrid cloud opens big propspects for UAE firms

  

    Richard Agnew / special to Emirates Business Hybrid cloud is set to be one of the biggest, most valuable technology opportunities for enterprises in UAE in 2017 and looking ahead over the next few years. To take advantage of this opportunity enterprises must apply the same principles they utilise in maintaining multiple data centres to data storage in the ...

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• 6 February

  Local brands squeeze out Apple in China

  

    Bloomberg Chinese smartphone brands Oppo and Huawei are tightening their grip on the world’s largest market, grabbing local share and squeezing out Apple Inc. and Samsung Electronics Co. After including Vivo, Chinese vendors held the top three slots and accounted for 48 percent of shipments in the country during 2016, research firm IDC said. With a line-up of flexible- ...

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• 5 February

  Margin trading finances reach AED15.2bn on ADX

  

    ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that margin trading financing reached AED15.2 billion in 2016, representing 15.4 percent of the total trading value (buy and sell), which amounted to AED98 billion. The increase in the value of this trading is due to the increased number of brokerage companies that offer this service reaching 33 out ...

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• 5 February

  $240 billion GCC rail projects in pipeline

    DUBAI / WAM Asia and the Middle East have the largest selection of freight and urban transport projects in the world with more than $642 billion worth of planned railway investments, according to a report. According to a report by Terrapinn Middle East in collaboration Ventures ONSITE, the value of total GCC rail projects in pipeline stands at over ...

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• 5 February

  Ankara to host UAE-Turkey Joint Economic Committee

    Abu Dhabi / Emirates Business HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, will lead a top-level economic delegation from the UAE to the Republic of Turkey to attend a series of meetings for two days for the 9th session of the Joint Economic Committee (JEC) between the two countries. The meetings will be held in ...

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• 5 February

  TCA Abu Dhabi hosts US travel industry experts to boost ties

  

    ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) is hosting a 50-strong delegation of senior travel industry experts from the United States on a tour of the emirate’s key attractions as it bids to strengthen ties with one of its key global markets. The high-profile attendees on the trip are all travel agency owners ...

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