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Bloomberg British Airways owner IAG SA said a power outage that led to the cancellation of hundreds of flights last month probably cost it about 80 million pounds ($102 million) in lost revenue and the expense of accommodating, re-booking and compensating thousands of passengers. The figure is based on an initial assessment and London-based IAG will update the market on ...

Bloomberg Rolls-Royce Holdings Plc is seeking ways to upgrade its engines for Airbus SE’s A380 as the planemaker attempts to win orders for the slow-selling superjumbo jet, the company’s biggest. “We are contemplating what we can do over and above with Airbus,” Eric Schulz, Rolls-Royce’s head of civil aviation, said in a Bloomberg TV interview. “As soon as we mature ...

DUBAI / Emirates Business Middle East medium and smaller businesses will drive the region’s USD 12 billion business intelligence mar- ket, according to the ne- wly appointed channel head at digital transformation enabler SAP. While small- and medium-sized enterprises comprise the majority of Middle East enterprises, they lag in digital technology adoption. Among SMEs in the region, only 18 percent ...

DUBAI / Emirates Business Chief Happiness and Positivity Officers from various government agencies launched the ‘Happiness without Borders’ initiative in an effort to establish happiness and positivity as a lifestyle and a cultural trait in the UAE. The idea is for Chief Happiness and Positivity Officers to offer free counsel to government and private institutions, where they share the experience ...

Abu Dhabi / Reuters Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, the state-owned company said on Tuesday, two months after Dubai-owned DP World’s contract ended there. Fujairah, located on the United Arab Emirates’ east coast, is the country’s only multi-purpose port outside the Strait of Hormuz, giving it direct access to ...

Abu Dhabi / Emirates Business Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure and raising awareness on quality standards in the emirate of Abu Dhabi, has unveiled a conformity assessment scheme to verify the quality, safety and sustainability performance of solar photovoltaic (PV) systems. The scheme allows suppliers and manufacturers of solar PV systems ...

Abu Dhabi / Emirates Business Reed Exhibitions, the leading global event organiser, has confirmed that the second edition of Infosecurity Middle East, the Gulf’s specialist event securing vital government and critical data against cyber threats, will once again run as a co-located event on the side-lines of the eighth International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018). ...

Dubai / WAM The city of Dubai has announced that it is working on establishing the first collective-endowment park in the world, which will encourage members of the community to donate palm trees as a form of agricultural endowment. The Endowment Park project, which is being established by Dubai Municipality and the Mohammed bin Rashid Global Centre for Endowment Consultancy, ...

Dubai / WAM In line with its efforts to support the #Year of Giving 2017, and as part of its corporate social responsibility, Emirates Central Cooling Systems Corporation, Empower, has distributed more than 5,100 Iftar meals to its staff and workers during the Holy Month of Ramadan. “Our Ramadan Iftar initiative is a token of gratitude to our staff and ...

Abu Dhabi / Emirates Business Etisalat announced on Tuesday that it will offer free UAE WiFi by Etisalat – the telco’s high-speed public WiFi across malls, restaurants and cafes for residents in the UAE during Eid Al Fitr period from June 22 to July 1. UAE WiFi by Etisalat lets residents connect to the Internet using their mobile devices in ...