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Bloomberg Puma SE increased its full-year forecasts for the second time in three months as the German sporting-goods maker brought forward figures showing a jump in quarterly sales and profit. Currency-adjusted revenue for 2017 will rise by 12 percent to 14 percent, the company said in an unscheduled statement, up from a prior forecast of low double-digit growth. Puma boosted ...

Bloomberg FedEx Corp.’s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The shares fell the most in two months after the courier said customers continue to experience widespread service and invoicing delays. While TNT facilities are functioning, they ...

Bloomberg Tim Hortons coffee and doughnuts are about as closely linked with the Canadian identity as hockey and universal health care, but the institution is under attack. That’s the view of many of the chain’s franchisees, who are chafing under the corporate ownership of Restaurant Brands International Inc., the fast-food conglomerate that also runs Burger King and Popeyes Louisiana Kitchen. ...

Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology announced the development of a high-performance solar absorber that could make solar thermal technologies significantly more efficient. Masdar Institute is part of the Khalifa University of Science and Technology. The solar absorber, developed with the Massachusetts Institute of Technology (MIT), features an ultrathin nanocomposite film made of silver ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the six month period ended June 30, 2017. It shows a net profit of AED154.9 million in second quarter of 2017, Q2, a rise of 24.4 percent over the corresponding quarter of 2016. On the back of a strong Q2 2017 performance, NBF reported a net profit of ...

ABU DHABI / WAM Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced that savings from implementing employee suggestions have reached AED 17 million since the start of the year, with employees making over 18,000 suggestions for operational and technical improvements since the year began. EGA’s employee suggestion scheme is a foundation ...

DUBAI / Emirates Business Dubai Police signed a Memorandum of Understanding (MoU) with the Rochester Institute of Technology, Dubai campus (RIT-Dubai), a leading American University based in Dubai Silicon Oasis (DSO). The agreement opens doors for collaboration between the two parties towards boosting the knowledge, skills, and expertise of police officers serving the emirate of Dubai. Dr Juma Al Matrooshi, ...

Dubai / WAM An agreement was signed between global trade enabler DP World and Indonesian government and port officials to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra. As part of a Technical Assistance Contract, DP World will share its expertise and experience in increasing efficiencies, training and development ...

Abu Dhabi / WAM ADCorp announced on Monday the launch of its operations in Abu Dhabi Global Market, making it the first Islamic financial institution located in ADGM. Making the announcement, Jassim Alseddiqi, Executive Chairman of ADCorp, said, “We are pleased with the launch of operations at ADCorp after having received the relevant regulatory approvals. We have a strong team ...

SHARJAH / WAM ‘Yalla Pickup’, a mobile application and web-based solution to order pickup trucks to move large consignments, has received a fresh lease of AED1 million in funding from its strategic partner ‘The Box’, provider of self-storage and transportation of goods services in the UAE. Catering to both businesses and individual customers, Yalla Pickup allows a smartphone, Android or ...