Dubai / WAM Dubai Real Estate Institute (DREI) the educational arm of the Dubai Land Department (DLD), has announced that it is organising an ‘Urban Thinkers Forum’ in strategic partnership with the United Nations, UN, the World Economic Forum, WEF, and the International Monetary Fund, IMF. The three-day forum, which will focus on exploring technological solutions for future cities, will ...
Read More »Hurricane relief bill set to pass House as aid funds nearly gone
Bloomberg The House is set to pass $7.4 billion for a federal disaster-relief fund two days before it’s set to run out as Hurricane Irma bears down on Florida and bills mount for a storm that flooded tens of thousands of houses in Texas. Senate Republican leaders want to use the Federal Emergency Management Agency funding measure to suspend the ...
Read More »UK tells business to train Britons in Brexit migrant clampdown
Bloomberg Theresa May called on employers to train more British workers to fill vacancies after Brexit, after a leaked document suggested the UK is preparing to limit and discourage immigration from the EU. The prime minister said low-skilled immigration has hit the wages of British people and promised to control the numbers coming in after the country leaves the EU ...
Read More »Intel wins fight over $1.26 billion antitrust fine
Bloomberg Intel Corp. won a round in its eight-year fight with the European Union (EU) over a $1.26 billion fine in a case that could have ramifications for a list of disputes involving US tech giants including Google and Qualcomm Inc. The EU’s top court ruled that Intel’s appeal had to be reexamined by a lower tribunal, criticising judges for ...
Read More »Kering, LVMH join in ‘size-zero’ model crackdown
Bloomberg French luxury titans LVMH and Kering agreed to curb the use of ultra-skinny models on runways and in advertising campaigns, bowing to a public outcry over unhealthy depictions of young women by the fashion industry. The Paris-based companies said they’d implement stricter guidelines for the treatment of models, including increasing minimum garment sizes for fashion shows as well as ...
Read More »Canada ‘trade deficit’ exceeds 2.5 billion
Bloomberg Canada’s merchandise trade deficit exceeded $2.5 billion for a second month in July as exports slumped. The shortfall of C$3.04 billion followed a revised C$3.76 billion reading for June, Statistics Canada reported on Wednesday from Ottawa. Economists predicted a C$3.3 billion deficit according to the median in a Bloomberg survey. Exports fell by 4.9 percent in July, and are ...
Read More »Louvre Abu Dhabi to open its doors on November 11
Abu Dhabi / WAM Louvre Abu Dhabi on Wednesday announced it will open its doors to the public on November 11. It is the first museum of its kind in the Arab world: a universal museum that focuses on shared human stories across civilisations and cultures. The opening celebrations will include a wide range of public programmes, including symposia, performances, ...
Read More »Azizi Developments delivers AED428mn projects in 20 months
Dubai / Emirates Business Azizi Developments, a fast growing Dubai-based real estate developer operating in the UAE for over a decade, has announced the completion and delivery of three new residential projects in Al Furjan in a span of just 20 months. The launch of the three projects — Azizi Daisy valued at AED175million, Azizi Freesia valued at AED128million and ...
Read More »EAG appoints new CEO for engineering division
Abu Dhabi / WAM The Etihad Aviation Group (EAG) on Wednesday confirmed Abdul Khaliq Saeed as the new Chief Executive Officer for Etihad Airways Engineering, replacing Jeff Wilkinson, who is leaving the post after 11 years with the company. Saeed brings over 35 years of international maintenance, repair and overhaul (MRO) industry experience, and joins Etihad Airways Engineering from Abu ...
Read More »DAMAC Properties awards 370 contracts worth AED3.5 billion
Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, announced it has awarded more than 370 contracts worth AED 3.5 billion since January this year. The contracts included construction, supplier and consultancy services across its portfolio of developments. The bulk of contracts awarded this year have been for DAMAC’s largest master golf community, AKOYA ...
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