June, 2016

• 21 June

  ‘Storm is brewing’ in American commercial realty, says Pimco

  

    Bloomberg U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report on Monday. A global surge in demand for U.S. property investments that pushed real estate values to records ...

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• 21 June

  Bahrain investments surge to $110 million

  

    Manama / TNS Bahrain has attracted $110 million in investments and created 1,200 jobs since the beginning of the year, a top official has revealed. However, the aim is to attract double that amount by the end of the year, said Economic Development Board chief executive Khalid Al Rumaihi. “We think we’ll achieve that,” he said at a media ...

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• 21 June

  Athletes who give ‘power’ kicks

  

    Rio de Janeiro / DPA The Morro da Mineira favela (slum) in Rio de Janeiro holds a striking number of turquoise houses: you can see them from afar, like boxes piled up on the hill, all of them turquoise. The story goes that a well-known drug lord hid in this poor neighbourhood near the Sambadrome, in central Rio. Police ...

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• 21 June

  Trends that transform businesses in the tech race

  

    Tribune News Service The speed of technology advancement is driving the evolution of your business. Turn the challenges into important competitive opportunities. Anticipate and apply the new technologies in a smart way. The perspective of Montserrat Corominas. The whole world is in a continually escalating technology race. This race of technology is apparent in how it took 30 years ...

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• 20 June

  Etihad Cargo wins ‘airline of the year’ award in China

  

    Abu Dhabi / Emirates Business Etihad Cargo, the freight division of Etihad Airways, has been successful at the Air Cargo Week Awards in Shanghai winning the coveted ‘Cargo Airline of the Year’ award. This is the second successive year that the airline has won the award, having collected it in Munich in 2015. The annual awards are voted by ...

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• 20 June

  VP issues decision on adding new land plots to freehold area

    Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Resolution No (8) of 2016, adding new land plots to the freehold area in Dubai World Central available for non-UAE nationals in Dubai. The decision grants non-UAE nationals the rights to absolute ownership, without ...

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• 20 June

  MoE inspects Emirates Cooperative Society

    Dubai / Emirates Business The UAE Ministry of Economy organized on Monday an inspection of the Emirates Cooperative Society-Al Twar branch in Dubai as part of its ongoing program of declared visits to various markets in the UAE during the Holy Month of Ramadan. The inspection was led by Dr. Hashim Al Nuaimi, Director of the Ministry’s Consumer Protection ...

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• 20 June

  Dubai Chamber unveils newly-redesigned website

    Dubai / WAM The Dubai Chamber of Commerce and Industry has unveiled its newly-redesigned website, which they say is business-friendly, innovative, accessible and smart. The upgraded website supports browsing via all smart devices. It is more user friendly, and offers value-added services and much faster browsing for Dubai and the region’s business community as all the content can be shared ...

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• 20 June

  UAE a cradle of humanitarian co-existence, says Lubna Al Qasimi

  

    Abu Dhabi / WAM Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance, stressed the UAE leadership’s keenness to make the UAE a global model and cradle of humanitarian co-existence, culture and communication. She said this has been confirmed by the annual Global Competitiveness Report, where the UAE is ranked third globally in 2016 and eighth in 2015, ...

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• 20 June

  ‘Smart’ thermostat helps mosque achieve energy savings

  

    Dubai / Emirates Business Honeywell (NYSE: HON) on Monday announced the results of a first of a kind thermostat pilot program in Sharjah, United Arab Emirates, that indicates mosques in the Middle East have the potential to cut their energy consumption by more than one-third through the use of “smart” thermostats. Honeywell’s VisionPRO 8000 thermostat for mosques, designed with ...

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