August, 2016

• 7 August

  ERC delivers 9 vehicles to combat epidemics

    Aden / WAM Emirates Red Crescent (ERC) provided local authorities in Aden with nine special vehicles for combating epidemics that have spread across the governorate, such as dengue fever and malaria, due to the difficult conditions triggered by recent events. The ERC delegation delivered the vehicles to Under-Secretary of Aden Governorate Mohamed Nasr Al Shazali, as part of the programme ...

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• 7 August

  The ‘false’ globalization narrative

  

    In the public imagination, no industry better symbolizes the downfall of US manufacturing than steel. Shuttered plants dot the Midwest. Since 1973, steel employment has dropped 76 percent, from 610,700 to 147,300 in 2015. Moreover, the culprit seems clear — trade — and its influence seems pervasive: Manufacturing as a whole lost about 5 million jobs from 2000 to ...

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• 7 August

  Trump economy team mirrors his campaign

    Birds of a feather flock together. It applies to Donald trump and his team of billionaires. The Republican presidential candidate has unveiled an economic team that’s a mirror image of the candidate. The 13-member team includes several billionaire bankers and investment managers. They are all men. And they have been in business with Donald before. Here lies the dichotomy. ...

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• 7 August

  Jobs report brings much-needed good news

    The global economy desperately needed some good news. That’s what it got in the latest US jobs report. Ahead of today’s release of the US employment report for July, the mood was decidedly gloomy, with economic activity slowing in most other advanced countries, the UK facing a real and present danger of an economic recession and the risk of ...

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• 7 August

  Brexit killed Britain’s new and improved vibe

  

    The UK’s enormous soft power, painstakingly built in the post-imperial era, looks weakened following Brexit. In fact, negotiating acceptable divorce terms or preventing an economic decline may prove much easier than restoring British influence. Some early indications of how Brexit has damaged the UK’s international perception can be found in a recent Ipsos poll conducted in 16 countries. In ...

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• 7 August

  Sharjah hotels revenue reaches AED378mn in H1

  

    Sharjah/ Emirates Business Hotels across the Emirate of Sharjah recorded a seven per cent increase in revenue — which reached AED378 million — in the January-to-June period of 2016. Sharjah Commerce and Tourism Development Authority has strategically identified many new markets and worked with local partners to increase guests from these markets and the first half year figures are ...

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• 7 August

  Job seekers see strong employer branding vital

  

    Dubai / Emirates Business Latest research by online social recruitment platform Bloovo.com reveals that job seekers consider employer branding one of the top factors when applying for new jobs. As much as 47.4% hold that brand reputation is the single most important criteria when looking for suitable positions. The results come from Bloovo.com’s recent survey, aimed at garnering insight ...

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• 7 August

  UAE homes take the smart leap ahead

  

    Dubai / Emirates Business UAE homes are witnessing a momentous transformation, the most important one being the increased adoption of smart technologies, according to industry experts. Whether it is remotely switching off the lights and air conditioning to save energy, watching over loved ones while at work to make sure they are safe and sound, or checking-in while on ...

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• 7 August

  TURN8 forms new venture capital fund for tech innovation

    Dubai / Emirates Business Dubai-based TURN8 has launched $60 million Venture Capital Fund for technology innovation. TURN8 Innovation Fund I L.P. makes TURN8 one of the largest providers of seed capital in the region catering to the global startup eco system. Kamal Hassan, General Partner, TURN8 said, “This strategic move comes from witnessing a major gap in the market ...

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• 7 August

  Taiwan Asia’s hottest investment destination

  

    Bloomberg Global investors can’t get enough of Taiwan. Overseas funds poured $5.4 billion into the island’s equities last month, taking inflows for the year to $11.6 billion and making Taiwan the most popular destination for investors among nine Asian markets tracked by Bloomberg. That’s helped send both the benchmark stock gauge and the currency to one-year highs. Fueling gains ...

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