DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has met the Investors in Excellence (IiE) standard for the fourth year in a row, in yet a new international testament to its track record of achievements. The Investors in Excellence certificate is awarded to organisations that achieve remarkable results in corporate excellence, following a thorough and comprehensive assessment by Investors ...
Read More »DSOA to host Jaguar Land Rover’s new regional headquarters
Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, signed a partnership agreement with the Jaguar Land Rover Limited Middle East and North Africa (JLR), the regional branch of Jaguar Land Rover Limited, to establish its new regional headquarters at the hi-tech park. Dr Mohammed Alzarooni, ...
Read More »Autoterminal, Abu Dhabi Ports JV to manage car terminal at Khalifa Port
Abu Dhabi / Emirates Busines Autoterminal, a member of the Noatum Maritime Group, and Abu Dhabi Ports, have signed a shareholder agreement for the creation of a joint venture company called Autoterminal Khalifa Port, to manage the roro/car terminal in Khalifa Port under a 15 year concession. Autoterminal is the leading multimodal car terminal in the Mediterranean, located in the ...
Read More »Qantas, Emirates welcome ACCC draft to extend partnership for 5 more years
Abu Dhabi / Emirates Busines Qantas and Emirates welcome the Australian Competition and Consumer Commission’s (ACCC) draft determination that proposes to grant authorisation for their partnership for another five years. The continuation of the joint business, announced in August 2017, will see the airlines deliver expanded services to better leverage each other’s networks, offering travellers improved schedule choice, increased frequent ...
Read More »Al Habtoor’s Mitsubishi offer back with a bang
Dubai / Emirates Busines Al Habtoor Motors – Mitsubishi, the official distributor of Japanese automobile giant in UAE brings back one of the biggest and most popular promotions. The ‘Big Bigger Biggest Offer’ which gave customers bigger deals and greater savings on the entire range of Mitsubishi cars is now back by popular demand. Once again, customers now have chances ...
Read More »SGH Dubai recognised for high level care provided for AMI patients
Dubai / Emirates Business SGH Dubai received the certificate of excellence as recognition from JCI for the high level of care provided for AMI patients. JCI surveyors assessed the hospital for a period of two days where they looked at the hospital’s processes, policies and measures, while comparing them to the best practices worldwide. The hospital succeeded to prove excellence ...
Read More »Walmart introduces new apparel brands to check Amazon’s growth
Bloomberg Walmart Inc. is introducing low-cost clothing brands for women, kids and plus-size customers, aiming to lure shoppers as Amazon.com Inc. gobbles up more apparel sales. The store brands include Time and Tru in ladieswear — which will replace the jettisoned DanskinNow label — along with Terra & Sky in plus-size apparel and Wonder Nation for kids, according to a ...
Read More »H&M is overlooking the obvious, fear investors
Bloomberg Investors in Hennes & Mauritz AB left its first ever capital markets day wondering whether the retailer is aware its clothes seem to be going out of fashion. With the value of their H&M shares down about 45 percent since the end of 2016, owners said management gave a lot of details on pretty much everything except the main ...
Read More »Kraft Heinz plunges after weak results boost deal pressure
Bloomberg Kraft Heinz Co. suffered its worst stock decline in more than two years after posting disappointing sales and profit, boosting speculation that the food giant will need a large acquisition to fuel growth. The shares tumbled as much as 7 percent in the wake of the results, which reflected a persistent slump in the US packaged-food industry. Though Kraft ...
Read More »Air France-KLM plans capacity splurge as discount rivals circle
Bloomberg Air France-KLM Group said it will accelerate capacity increases despite an uncertain economic climate in order to defend its share of an air-travel market that’s becoming flooded with discount rivals. The Paris-based carrier will boost seating by up to 4 percent this year in a bid to combat the low-cost challenge, even as fuel expenses jump by a forecast ...
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