September, 2016

• 8 September

  Dubai Metro marks 7 yrs, serves 830mn commuters since start

  

    Dubai / WAM The Dubai Metro is celebrating its seventh anniversary on Friday after having served more than 830 million commuters from September 2009 to August 2016. “The positive growth and increasing numbers on the Dubai Metro underscore the strategic vision of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. It ...

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• 8 September

  National Treasure confab to showcase UAE’s vision for excellence

  

    Dubai / WAM Dubai will host the inaugural edition of the National Treasure initiative, which is being organised by Knowledge Expansion, under the patronage of Dubai Chamber of Commerce and Industry in partnership with Tejar Dubai, on September 27-28. Essa Al Zaabi, Senior Vice-President, Institutional Support Services Sector, Dubai Chamber and General Coordinator, Tejar Dubai said, “The two-day conference has ...

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• 8 September

  Liberty Media agree $8bn deal to buy Formula One

  

    AFP Formula One entered a new era as US billionaire John Malone’s Liberty Media agreed a takeover that values the motorsport at $8 billion and raises questions over the role of its colourful, long-time mastermind, Bernie Ecclestone. In a deal that ends years of speculation over F1’s future, Liberty said it had struck an agreement to buy out Formula ...

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• 8 September

  HP Enterprise to spin off non-core software assets

  

    AFP Hewlett Packard Enterprise announced plans to spin off its non-core software assets, to be merged with British software group Micro Focus. The deal creates an entity valued at $8.8 billion which will be “one of the world’s largest pure-play enterprise software companies,” according to HPE. “With today’s announcement, we are taking another important step in achieving the vision ...

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• 8 September

  New Zealand’s media firms ink merger accord

  

    AFP New Zealand’s two largest media companies signed a merger agreement, although the planned deal still needs approval from the country’s competition watchdog to proceed. NZME and Fairfax Media NZ said they would reach a combined audience of 3.7 million, more than 80 percent of New Zealand’s 4.5 million population. “The merger will present opportunities for NZME to significantly ...

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• 8 September

  Dell finalizes huge EMC pact to become tech titan

  

    AFP US computer maker Dell said it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services. The completion creates a new firm called Dell Technologies and finalizes a record $67 billion deal for EMC, which will help the struggling PC maker accelerate its efforts in cloud and ...

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• 8 September

  Washington Post unveils ‘Lightning-Fast’ mobile site

  

    AFP The Washington Post announced it was rolling out a “lightning-fast” mobile news site that would provide near-instant load times for both articles and advertising. The Post, purchased in 2013 by Amazon founder Jeff Bezos, said in a statement was combining its own technology with Progressive Web Apps and the Google-led Accelerated Mobile Pages (AMP) technologies “to create a ...

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• 8 September

  Thousands of students to be affected, as ITT to shut institutes

  

    AFP ITT Educational Services Inc said it would shut its flagship ITT Technical Institutes, following a U.S. Department of Education order, affecting thousands of students and employees. ITT’s move is the latest blow to the over $20 billion U.S. for-profit education industry, which has come under fire from the government in the past couple of years for its poor ...

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• 8 September

  Britain’s experts are invested in a Brexit disaster

  

    David Davis, the U.K.’s new Secretary of State for Exiting the European Union, made a statement to the House of Commons this week on the meaning of “Brexit means Brexit.” Commentators were roundly unimpressed. If I may be allowed to say, their apparent determination to be unimpressed is beginning to grate. To be sure, the complaints were partly justified: ...

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• 8 September

  EU fiscal stimulus is just a rule change away

  

    The European Central Bank is expected to extend its quantitative easing program further during the meeting of its governing council this week. The irony is that while the ECB has various options for continuing a program that isn’t working, national governments have relatively few options for embarking on one that most agree is sorely needed. As Mario Draghi and ...

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