July, 2016

• 27 July

  Pharma lends Bayer wings as oil prices maul BASF

    Frankfurt / AFP Germany’s chemicals giants showed sharply differing results on Wednesday, with Bayer enjoying strong growth on pharmaceuticals while oil blackened BASF’s outlook. Chemicals and pharmaceuticals powerhouse Bayer upped its growth forecasts for the year after a strong second quarter saw profits surge by 19 percent. While revenues fell 1.4 percent to 11.8 billion euros ($13 billion), profits ...

  Read More »
• 27 July

  SMEs to compete for industry recognition

  

    Dubai / Emirates Business The finalists for the 2016 Gulf Capital SME Awards organised by MEED have been announced. As many as 47 companies will now go on to compete to win in 13 categories. In its fifth year, the Gulf Capital SME Awards recognises success, growth and innovation in business. Judges were searching for customer focus, outstanding leaders ...

  Read More »
• 27 July

  TRA inks pacts with General Women’s Union on ICT

  

    Emirates Business The General Women’s Union and the UAE Telecommunications Regulatory Authority (TRA) has signed a Memorandum of Understanding (MoU) with the aim of enhancing cooperation and coordination between the two entities and promote awareness in the use of information and communications technology (ICT). The MoU was signed by H.E. Hamad Obaid Al Mansoori, Director General of TRA and ...

  Read More »
• 27 July

  Holiday-goers to spend much time on phone

  

    Emirates Business Smartphone brand Huawei honor predicts that holidays-goers this summer will spend up to a staggering 26 hours a week on their smartphone. A third of UAE residents will spend upwards of an hour a day taking pictures on their phones, with more than one third spending between 20 to 40 minutes a day checking and posting on ...

  Read More »
• 27 July

  Careem’s new smart app caters to disabled people

    Emirates Business Careem, the region’s leading car booking service and home-grown app, has announced the launch of ‘CAREEM ONE’ in Saudi Arabia, which caters for passengers with disabilities. It is the first app service in the region that offers transportation solutions to people with disabilities and the elderly. Careem has brought a new fleet of specially-adapted vehicles into its ...

  Read More »
• 27 July

  Azizi pre-launches $80mn Montrell Serviced Apartments

  

    Emirates Business Azizi Developments, a leading UAE-based real estate developer with a global reach into many growing international markets, has announced the pre-launch of its 222-unit Montrell Serviced Apartments project. When complete, the G+P2+7 furnished serviced apartment building will offer a total of 168 fully furnished luxury studios and 54 one-bedroom units. The total cost of the development is ...

  Read More »
• 27 July

  Terror weighs on Air France traffic

  

    Bloomberg Air France-KLM Group warned that political and economic uncertainties are weighing on travel demand, with the carrier especially worried about France’s standing as a tourist hotspot after a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said there is “special concern about France as a destination” amid the IS-inspired killings, even as ...

  Read More »
• 27 July

  Boeing wins $4.13bn aircraft orders from Asian carriers

  

    Bloomberg Boeing Co. picked up $4.13 billion of orders from Asian carriers, underscoring growing demand in the region even after the aviation industry’s biggest annual show at Farnborough earlier this month racked up the lowest tally in six years. Malaysia Airlines Bhd. bought 25 737 Max 8 planes at a list price of $2.75 billion and took options for ...

  Read More »
• 27 July

  Passengers in China hyper-connected and happy

  

    Emirates Business Airline passengers in China are heavy users of technology both in their everyday lives and throughout their travel journeys. Nearly one quarter perceive themselves as ‘hyper-connected’ – they value efficiency and use self-service technology more frequently. Airlines are meeting their needs with 80% adopting connected aircraft and 100% investing in mobile-based services and the Internet of Things. ...

  Read More »
• 27 July

  Sputtering car sales pose risk to US retail momentum

    Bloomberg The recent calm in global markets owes a lot to the U.S. consumer, with payroll gains and rising retail sales helping to buoy the world’s largest economy in June. Yet there’s one big weak spot: slowing car sales, and it’s not clear which market segment will pick up this slack. Crucially, demand for cars has propped up the ...

  Read More »