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Abu Dhabi / Emirates Business Etisalat announced the launch of a new class of High Throughput Satellite (HTS) service to provide high capacity, efficiency, performance and multi-band connectivity to address business segments in remote locations or harsh environment. The new first of a kind service provides customers with higher speeds, improved coverage and flexibility by maximising the VSAT throughput and ...

Bloomberg J. Crew Group Inc., struggling from almost three years’ worth of declining sales, asked bondholders to extend the maturity of $566.6 million in notes and said it planned to settle a lawsuit filed by lenders. The debt-laden retailer started a private offer to exchange 2019 pay-in-kind notes for an equity stake and bonds that mature in 2021. At least ...

Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. has approached Citic Telecom International Holdings Ltd. as it makes a fresh attempt to attract a buyer for its undersea cable unit, people with knowledge of the matter said. Reliance Communications is reaching out to potential acquirers for the Global Cloud Xchange business, known as GCX, as the Indian carrier explores further asset ...

Dubai / Emirates Business The System Integrators (SI) services market in the Middle East and Africa (MEA) was valued at US$10.34 billion at the end of 2016, following a five-year growth spurt during which the market increased by a Compound Annual Growth Rate (CAGR) of 8.87%, posing huge opportunities to bring solutions to new sectors according to STME, the Middle ...

ABU DHABI / WAM Emaar is back in uptrends, spiking to a one-year high of AED7.83, continuing its rising streak since its announced plans earlier in the week to sell as much as 30 percent of its real estate development business in the country in an initial public offering in November. Driven by the prevailing high sentiments, the trading companies ...

DUBAI / WAM Industry leaders and innovators in Canada are looking at Dubai as a promising hub for expanding to new markets and pursuing further innovations, according to a trade mission that toured the Canadian cities of Toronto and Montreal recently. The mission, led by Dubai Investment Development Agency, Dubai FDI, an agency of Dubai Economy, participated in a ser- ...

Dubai / Emirates Business Emirates NBD, one of the leading banks in the region, won major recognition at the Euromoney Awards for Excellence in 2017. For its strides in the digitalisation of banking and focus on delivering a superior customer experience proposition, the bank was awarded the titles of ‘Best Digital Bank in the Middle East’ and ‘Best Bank in ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) organised a meeting to recognise the institutional and award winners of the 20th Dubai Government Excellence Programme (DGEP), and encourage future participants in 21st DGEP. Saeed Mohammed Al Tayer, MD and CEO of DEWA, Dr Ahmed Al Nusairat, Coordinator General of Dubai Government Excellence Programme, Executive Vice Presidents, Vice Presidents, and ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has attended the launch of the second edition of the Dubai Pulse Report. The report titled ‘Competitiveness and Resilience in a Changing World’ was prepared by the Executive Council of Dubai. HH Sheikh Ahmed bin Saeed Al ...

Dubai / WAM The Ministry of Finance (MoF), organised an introductory workshop on the ministry’s automated revenue matching system for employees from ministries and federal entities in Dubai. The workshop, which was attended by representatives of ministries and federal entities as well as a number of officials and directors of the departments in the ministry, aimed to explain the mechanism ...