November, 2016

• 8 November

  Popularity becomes curse for Malaysia, Indonesia currencies

  Bloomberg The popularity of Malaysia’s ringgit and Indonesia’s rupiah among global investors has made them Southeast Asia’s most volatile currencies, just as the region heads for troubled waters. Already reeling from a commodity slump, debt in the two nations is seen by strategists as the most vulnerable to concerns surrounding the U.S. presidential election and the Federal Reserve’s next interest-rate ...

  Read More »
• 8 November

  Greek bank wars leave $187 billion with uncertain management

  

    Bloomberg As Greek banks struggle to clean up their balance sheets of bad loans, investors have been left pondering another uncertainty: Who will lead the country’s biggest lenders? The General Council of Greece’s bank recapitalization fund, HFSF, discusses whether to call an extraordinary meeting of National Bank of Greece shareholders aimed at forcing the lender’s chief executive officer, Leonidas ...

  Read More »
• 8 November

  DCCI study explores investment options for GCC nations in LatAm

  

    Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) conducted a study to explore investment opportunities for GCC countries in Latin America and create a roadmap for bilateral relations between the two regions. The study comes in the lead-up to the Global Business Forum (GBF) on Latin America, which the Chamber is preparing to host on ...

  Read More »
• 8 November

  Dynamic policies drive growth of renewables in Latin America: IRENA

  

    Abu Dhabi / Emirates Business Buoyed by rapid technology cost reductions and the consolidation of renewable energy policies, Latin America hosts some of the world’s most dynamic renewable energy markets, according to a new report by the International Renewable Energy Agency (IRENA). Renewable Energy Market Analysis: Latin America finds that the region – endowed with some of the world’s ...

  Read More »
• 8 November

  Tabeer celebrates its 10th anniversary

  

    Dubai / Emirates Business Tabeer, the creative lab focusing on content and graphic design located in Dubai, celebrated its 10th anniversary at an exclusive reception held at its new offices on Sheikh Zayed Road. The reception was attended by a large gathering of Tabeer’s business partners, associates and friends. Three announcements were made at this celebration, further strengthening Tabeer’s ...

  Read More »
• 8 November

  MENA Effie Awards all set to take place in Dubai today

    Dubai / Emirates Business The eighth edition of the MENA Effie Awards (Effies) is set to take place on November 9, in the opulent settings of the Pavilion, Armani Hotel Dubai. More than 1,500 people, including many of the best marketers in the Middle East, are anticipated to attend this year’s ceremony, which honours the greatest and most effective ...

  Read More »
• 8 November

  Solar Park achieves clean development mechanism registration from UN

  

    Dubai / Emirates Business DEWA’s 200MW Photovoltaic Plant Project Activity successfully achieved the Clean Development Mechanism (CDM) registration under UNFCCC with an initial crediting period of seven years. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site project of its kind in the world. It will generate 1,000MW by 2020, and 5,000MW by 2030, with total ...

  Read More »
• 8 November

  Southwest pilots to get 30% salary hike

  

    Bloomberg Southwest Airlines Co. pilots approved a new contract that will boost pay almost 30 percent over its term and improve retirement benefits while falling short of recent raises proposed at some rival US carriers. The agreement was approved by about 84 percent of those voting, the Southwest Airlines Pilots’ Association said in a statement. The labor group, which ...

  Read More »
• 8 November

  60% of Nigerian flights delayed in 3 months

    Lagos / AFP Nearly 60 percent of domestic flights were delayed in Nigeria in just three months to the end of September, local media reported, citing statistics from the country’s aviation regulator. The Nigerian Civil Aviation Authority (NCAA) recorded 7,722 delays of the 13,097 scheduled flights operated by eight airlines in the third quarter; 253 services were cancelled in ...

  Read More »
• 8 November

  M&S to shut 100 stores in overhaul

    AFP British retailer Marks and Spencer said on Tuesday it will shut more than 100 stores, among them many foreign shops including its Champs Elysees branch in Paris, in order to cut costs after posting a first-half loss. M&S, regarded as a barometer of UK consumer demand, said it would close around 60 food and home stores in Britain ...

  Read More »