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Ankara / Bloomberg Short sellers are targeting Turkish Airlines as it presses on with expanding capacity while the country’s tourism industry withers. As much as 13.8 percent of the company’s shares that are available for trading are out on loan to short sellers betting they will fall in value, according to Markit Ltd. That’s the highest on record for ...
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June, 2016
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28 June
China-India ties after the NSG plenary
Few analysts following developments at the Nuclear Suppliers Group (NSG) plenary in South Korea expected India’s membership bid to sail through. As the dust settles, what is clear is that Xi Jinping’s China differs considerably from Hu Jintao’s China. The latter did not want to stand alone; the former is on the path to establishing China as the challenger ...
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28 June
Invest in Afghanistan, the gateway to Silk Roads
At the recent Shanghai Cooperation Organization (SCO) Summit in Tashkent, Uzbekistan, Afghan President Ashraf Ghani discussed the threats posed by “destructive change†and the countless opportunities offered by “creative change†in the Eurasian landscape and its emerging continental economy. He told his counterparts that “our greatest common project is the revival of the Silk Roads,†whose main gateway is ...
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27 June
Emirates enhances Dakar service
DUBAI / WAM Emirates Airlin announced that its service between Dubai and Dakar, currently operated by an Airbus A340-300, will be replaced with a Boeing 777-300ER from September 2. The change to the larger Boeing 777-300ER aircraft will offer an enhanced onboard experience for Emirates’ Senegalese customers and those travelling to Dakar from across the airline’s network. The aircraft ...
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27 June
Mashreq to build new HQ
DUBAI / WAM Mashreq, one of the UAE’s leading banks, announced on Monday that it will begin construction of its new corporate headquarters later this year. The Bank, which has been headquartered out of Deira since it began operations almost 50 years ago, will now be headquartered in Downtown Dubai. Arabian Construction Company (ACC) will construct the new tower, ...
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27 June
TRA to launch Innovation Camp
DUBAI / WAM The Telecommunication Regulatory Authority (TRA) will launch the 2nd TRA Innovation Camp next month aimed at spreading innovation and creativity culture among young students, through a set of activities and targeted events throughout the UAE. The camp, which will receive children from age 6 years to 17, aims to spread the culture of innovation and creativity ...
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27 June
UAE’s first Nanosatellite readies for space launch
Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) have announced the completion of the design and building of the communication Nanosatellite, Nayif-1. The satellite has also successfully passed all stages and tests, and is now ready for launch into space aboard SpaceX’s Falcon 9 Rocket. The UAE’s first Nanosatellite ...
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27 June
TRA to spread culture of innovation, creativity among young students
Dubai /Â WAM The Telecommunication Regulatory Authority (TRA) will launch the 2nd TRA Innovation Camp next month aimed at spreading innovation and creativity culture among young students, through a set of activities and targeted events throughout the UAE. The camp, which will receive children from age 6 years to 17, aims to spread the culture of innovation and creativity especially ...
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27 June
UAE signs pact with WEF to host ‘Shaping the Future’ meet
Dubai /Â WAM The UAE government signed an agreement with the World Economic Forum (WEF) to host the next four editions of the Annual Meeting for Shaping the Future. The first of these meetings will be hosted in Dubai on November 13 and 14 , featuring 50 specialized councils and more than 700 experts with the aim of preparing a ...
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27 June
DP World CEO celebrates listing of US$1.2bn Sukuk on Nasdaq Dubai
Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of global trade enabler DP World, rang the market-opening bell today to celebrate the listing on Nasdaq Dubai of US$1.2 billion dollar Sukuk. The listing by DP World reinforces Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of US$44.56 billion. The ...
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