June, 2016

• 27 June

  Dubai Culture bags Green IT award

  

    Dubai / Emirates Business Dubai Culture and Arts Authority (Dubai Culture), the Emirate’s dedicated entity for heritage, arts and culture, has been announced as the winner of the Government Green IT Initiative of the Year 2016 at the .Gov Dubai & Northern Emirates Awards Ceremony. The prize recognises the Information Technology Department at Dubai Culture, for their ongoing work ...

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• 27 June

  Emirates NBD banking app links to Smart Dubai Happiness Meter

  

    Dubai / Emirates Business Emirates NBD, one of the leading banking Groups in the region, on Monday announced the linking of Dubai Government’s Smart Dubai Happiness Meter to its Mobile Banking App. The strategic partnership between Dubai Government and Emirates NBD solidifies the bank’s goal of providing superior customer experience through its digital services. It is a first in ...

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• 27 June

  Masdar works on tech to delay food spoilage

  

    Abu Dhabi / Emirates Business Researchers at the Masdar Institute of Science and Technology have worked on a technology in an attempt to improve the ability of certain plastics to delay oxidation – the natural process that causes food to spoil. The research supports the UAE’s position as a regional leader in the international plastics industry. Masdar Institute Assistant ...

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• 27 June

  Al Habtoor City hotels to open in August

  

    Dubai / Emirates Business Al Habtoor Group Chairman Khalaf Ahmad Al Habtoor said all three of the luxury hotels within the Hotel Collection at Al Habtoor City will be open by the end of Summer, following the successful opening of the W Dubai – Al Habtoor City last week, and The St. Regis Dubai at the end of last ...

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• 27 June

  Comedy, illusion to rule Abu Dhabi summer season

    Abu Dhabi / Emirates Business A never-before-seen entertainment extravaganza is set to capture the hearts and minds of audiences in this year’s edition of the Abu Dhabi Summer Season, as first-time comedy greats and a thrilling illusion show descend upon the capital city from all corners of the world. Running between July 7 and September 11, venues across Abu ...

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• 27 June

  Is US middle class moving up?

  

    WASHINGTON It turns out that the middle class isn’t stagnant after all. You know the conventional wisdom. The richest 1 percent of Americans have siphoned off all the income gains of recent decades. Everyone else is treading water. The claim has been repeated so often that it’s taken on the aura of truth. The reality is different: Living standards ...

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• 27 June

  UK-EU coop vital to tide over Brexit

    A new confrontation is in the offing between London and Brussels over the timing of Brexit process, as the EU wants the UK to immediately invoke the Article 50 to start the exit process to allay concerns of possible domino effect, and reassure perturbed markets. But London seeks an orderly exit during which the new relationship will be defined ...

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• 27 June

  Trump, Clinton push opposing economic plans

    Albert R. Hunt The contempt that Hillary Clinton and Donald Trump express for each other will continue to play out in vitriolic sound bites. But their profound differences on what to do about the economy and the struggling middle class are far more important. “This election will be won by whichever candidate convinces middle-class voters they are better for ...

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• 27 June

  Why China both loves and fears the rule of law

    This month, the rule of law and China’s legal profession at large have received a lot of attention. This is out of recognition that both will be necessary to advance the country’s economic development, and yet both present a challenge to the Chinese Communist Party’s (CCP) domination of China’s political agenda. On June 8, the “Hundred Jurists and Hundred ...

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• 27 June

  Pound slumps, banks tumble on Brexit fallout; bonds extend gains

  

    BLOOMBERG The aftershocks of the U.K.’s vote to leave the European Union reverberated across financial markets after a weekend of political turmoil, with the pound extending its record selloff and European equities dropping to levels last seen in February. Sterling fell below Friday’s lows with a 3.7 percent slide to the weakest since 1985 and the FTSE 100 Index ...

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