June, 2016

• 29 June

  Nike slips as sales disappoint

  

    New York / AFP Sports equipment giant Nike’s shares have skidded in disappointment over its sales performance in the face of strong emerging competitors in North America. Nike, sponsor of leading world sports names including Real Madrid striker Cristiano Ronaldo, revealed a rise in quarterly sales — but it was not as large as investors had anticipated. “A lot ...

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• 29 June

  United reaches breakthrough as flight attendants back pact

  

    Washington / Bloomberg United Continental Holdings Inc. reached a breakthrough in its negotiations with labour unions after a group backed a tentative deal to bring 25,000 flight attendants under a single labour contract for the first time since the merger that created the airline almost six years ago. “We have a tentative agreement,” the joint master executive council of ...

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• 29 June

  Cubans covet sleek new cars

  

    Havana / DPA The brand-new red cars are immediately conspicuous in Havana’s run-down streets. For decades, outsized 1950s-built US sedans have been among the dominant cars in Cuba and tourists love them. But at the sight of the sleek new Audis, many Cubans stop and wave to the German drivers in their half dozen vehicles. Audi’s new SUV, the ...

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• 29 June

  Management myths that slow down your company

  

    Michael Pryor / TNS From Zappo’s holacracy to all the startups touting their “flat org chart,” the backlash against management is getting out of hand. Many people see management as the opposite of “doers.” They think management sits around all day in their fancy corner offices, collecting accolades for work they didn’t even do. Yes, bad managers exist, but ...

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• 29 June

  Dubai remains MENA’s most transparent realty market

  

    Dubai / Emirates Business Dubai has recorded continued progress and retained its position as the most transparent real estate market in the Middle East and North Africa (MENA) region, according to JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI). The Emirate placed (48th) out of 109 markets covered globally to remain in the ‘Semi-Transparent’ category, ...

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• 29 June

  MIST moves to 14 spot in ‘Arab region universities’ rankings

  

    Abu Dhabi / WAM The Masdar Institute of Science and Technology (MIST) on Wednesday announced it has moved up to the 14th spot overall in the 2016 US News and World Report Best Arab Region Universities Rankings, up from the 23rd position last year. The research-based institution has also edged up to fifth spot in the ‘Energy’ field, eighth in Chemistry, ...

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• 29 June

  Dhofar Global wins BIZZ award

  

    Dubai / Emirates Business Dhofar Global, a leading supplier of hygiene care products in the Middle East, received the BIZZ 2016 Award presented annually by the World Confederation of Business (WORLDCOB), a leading organization that encourages worldwide business development. The award, which was given in recognition of the company’s business excellence, was received by Dhofar’s Group COO, Michael Anthony ...

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• 29 June

  Dubai firm seals AUD400mn deal for Oz’s ‘active lifestyle’ destination

      Dubai / Emirates Business Dubai-based business conglomerate Najibi Group, which recently opened the doors to its new investment and development company Sanad Capital Pty Ltd in Australia, has announced its very first venture on the nation’s Sunshine Coast – an AUD 400 million ‘active lifestyle’ destination. Talal Y. Najibi, Executive Chairman of Najibi, says this project heavily complements ...

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• 29 June

  DSOA installs ME’s first Smart Street Solution at high-tech park

  

    Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, in collaboration with Huawei, a leading global ICT solutions provider, on Wednesday installed the first Smart Street Solution in the Middle East region at the high-tech park. The Smart Street Solution incorporates a number of advanced ...

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• 29 June

  India aims at $8.9 billion in energy efficiency cost savings

  

  New Delhi / Bloomberg India’s plan to replace energy-intensive appliances with more efficient designs is expected to save as much as 600 billion rupees ($8.9 billion) a year, according to the head of the government arm spearheading the country’s drive. The federal power ministry’s plan to replace incandescent lights with LED bulbs and use energy-efficient irrigation pumps, fans and air ...

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