January, 2017

• 31 January

  UK consumers rein in borrowing as outlook weakens

  

    Bloomberg British households reined in their borrowing in December, casting further doubt over the strength of consumer spending this year. Unsecured lending rose by 1 billion pounds ($1.2 billion), the least since May 2015 and well below the expectations of economists. On an annual basis, credit growth slowed to 10.6 percent from 10.8 percent in November, the Bank of ...

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• 31 January

  Coca-Cola opposes travel ban, assesses employee impact

    Bloomberg Coca-Cola Co., the world’s largest seller of soft drinks, said it opposes the travel ban issued by President Donald Trump and will assess any effect it has on employees, joining the thin ranks of companies publicly condemning the policy. “Coca-Cola Co. is resolute in its commitment to dive- rsity, fairness and inclusion, and we do not support this ...

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• 31 January

  Imdaad reveals AED60 million acquisition plan for 2017

  

    Dubai / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, revealed that it will invest AED60 million this 2017 to achieve growth via targeted acquisition of local firms. The announcement was made during a press conference on Tuesday, at the Jumeirah Zabeel Saray, Palm Jumeirah in Dubai where the leading FM company also ...

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• 31 January

  DAFZA showcases investment plans to 300 investors from USA, France

  

    Abu Dhabi / Emirates Business The Dubai Airport Freezone Authority (DAFZA) is showcasing its comprehensive corporate packages designed to drive regional and global business growth during its participation at Arab Health 2017, the latest edition of the Middle East’s largest healthcare exhibition and medical congress running from January 30 to February 2 at the Dubai International Convention and Exhibition ...

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• 31 January

  MBRSC bids to host ‘Int’l Astronautical Congress’

    Dubai / Emirates Business Yosouf Hamad Al Shaibani, Director General of the Mohammed bin Rashid Space Centre (MBRSC), announced that the centre has submitted a request to the International Astronautical Federation (IAF) to host the 71st session of the International Astronautical Congress (IAC), which will be held in 2020, in coordination with the UAE Space Agency. Al Shaibani made ...

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• 31 January

  DFSA to regulate loan-based crowdfunding for SMEs

    Dubai / Emirates Business The Dubai Financial Services Authority (DFSA) launched a consultation on its proposed framework for regulating loan-based crowdfunding platforms. The consultation is the first in a series of papers which set out the DFSA’s approach to the regulation of crowdfunding platforms and the financial technology (FinTech) industry within the Dubai International Financial Centre (DIFC). The DFSA ...

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• 31 January

  Dubai gets ‘World Festival and Event City’ award

    Dubai / Emirates Business Dubai’s growing appeal as a destination for staging and attending events was recently recognised at prestigious awards, reflecting the combined efforts of the emirate’s public and private sectors to continuously expand and evolve the city’s offering across both business and leisure events, festivals, meetings and conferences. For the fifth time since 2011, Dubai was named ...

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• 31 January

  Etihad introduces third daily flight to Bengaluru

    Abu Dhabi / Emirates Business Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective March 26. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity ...

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• 31 January

  Clash over Trump refugee ban brings firing of attorney general

  

    WASHINGTON / AP In an extraordinary public showdown, President Donald Trump fired the acting attorney general of the United States after she publicly questioned the constitutionality of his refugee and immigration ban and refused to defend it in court. The clash Monday night between Trump and Sally Yates, a career prosecutor and Democratic appointee, laid bare the growing discord and ...

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• 31 January

  Militants say 20 soldiers killed, wounded in Sinai

    CAIRO / AP The local affiliate of the IS group in Egypt’s restive northern Sinai Peninsula says its fighters have killed and wounded 20 Egyptian soldiers in four days of fighting south of the city of el-Arish. In a statement released early Tuesday and posted on a pro-IS group website, the group said the fighting also resulted in the ...

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