May, 2016

• 26 May

  Lockheed Martin eyes Tata for India warplane deal

  

    Maryland / Bloomberg Lockheed Martin Corp. is leaning toward the Tata Group as a potential partner to build its flagship F-16 as India looks to modernize an aging fleet of fighter jets. “Naturally we would gravitate to Tata,” George Standridge, Lockheed Martin’s vice president for Aeronautics Strategy and Business Development, said in an interview in New Delhi when asked ...

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• 26 May

  US airlines spend millions to cut airport security lines

  

    New York / Bloomberg US airlines and airports are spending millions on added workers to avoid a repeat of long security lines, as the coming Memorial Day weekend kicks off what’s expected to be a record year for summer travel. “We are concerned for this weekend, where we’ll see higher than normal flight loads,” said Ross Feinstein, a spokesman ...

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• 26 May

  ZTE to open 23 flagship stores to drive smartphone sales

  

    Shanghai / Bloomberg ZTE Corp., China’s second-largest maker of networking gear, plans to open 23 flagship stores by the end of this year to drive sales of its smartphones and consumer devices. About 20 outlets will be created in major Chinese cities while the company plans one each on Germany, Russia and Mexico, said Adam Zeng, chief executive officer ...

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• 26 May

  SMEs show rapid growth

  

    Dubai / Emirates Business According to stats from the UAE’s top finance comparison site compareit4me.com, recent figures show a 115 percent increase in the number of consumers searching for business loans on the site between January and March of this year, compared with the same period last year. Currently in the UAE, SMEs contribute an estimated 40-46 per cent ...

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• 26 May

  Young Emirati to host one-day sale of floating seahorse villas

  

    Sunaina Rana / Emirates Business The youngest Emirati real estate professional, Khaled Ali Al Shawy, will collaborate with JK Properties and The Heart of Europe to host a private event which will give a sneak-peak into the Limited Signature Edition Floating Seahorse ocean villas in Dubai on May 30. The one-day event will feature the limited Signature Edition Floating ...

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• 26 May

  Private jets turn to inflight wi-fi for better connectivity

  

    RITIKA SHARMA / Emirates Business Catering to the rising demand of in-flight connectivity, private carriers in the region are enhancing their capacity to offer superior flying experience to their charter-jet customers. Treading the phenomenon, Dubai-based business-jet company Empire Aviation Group has collaborated with a global aerospace technology leader, to access its connectivity services for both the cabin and the ...

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• 26 May

  EFE launches in UAE

    Dubai / Emirates Business Education For Employment (EFE), MENA’s leading non-profit network driving youth employment, has launched its regional branch office in the UAE at an event held at the Capital Club, Dubai, under the royal patronage of His Excellency Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture and Knowledge Development, and with support of lead event sponsor Citi ...

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• 26 May

  12 Dubai hotels win at Middle East Hotel Awards 2016

  

    ABU DHABI / Emirates Business As many as twelve Dubai hotels won across 24 award categories to dominate the Middle East Hotel Awards 2016 this week. A total of 70 hotels and hotel suppliers from across the region were shortlisted. Other winners came from Abu Dhabi, Ras Al Khaimah, Saudi Arabia, and Bahrain. More than 400 hoteliers from throughout the ...

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• 26 May

  Cosmetic surgery spurs UAE medical tourism

  

    RITIKA SHARMA / Emirates Business Driven by a growth in number of medical tourists opting for cosmetic surgery, UAE grabs prominence in the medical tourism industry at a global level. High quality control, luxury centric market and cost effective follow ups, coupled with a world class medical infrastructure, ensure that the country stays atop the list. Global Cosmetic Surgery ...

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• 26 May

  ‘Ostrich syndrome’ pushes ME enterprises into crisis

  

    ALKESH SHARMA / Emirates Business Organisations in the Middle East should shun ‘ostrich syndrome’ and accept the harsh realities of market to emerge as business leaders in the long-run. Nearly 35 percent of the enterprises, in the Middle East region, suffer irreparable damages as they fail to anticipate the impeding harms well in time. “Crisis will never stop, they ...

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