Gavin Halliday to lead EAG’s Hala Group

  DUBAI / Emirates Business Etihad Aviation Group (EAG) on Sunday announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management and global loyalty unit. At Hala, Halliday will lead EAG’s new global loyalty company which brings together Etihad Guest with the loyalty programmes of other EAG partner airlines. He will also have responsibility for ...

Read More »

Philips unveils borderless LCD monitor series

  Emirates Business MMD, Middle East brand licensing partner of Philips Monitors, unveils the new Philips B-line borderless LCD monitor series with Philips PowerSensor. The monitors come in three sizes and two resolutions. The smart and eco-friendly PowerSensor: cuts up to 80 percent of energy consumption. Best suited for the environmentally aware, and the cost conscious, the innovative Philips PowerSensor ...

Read More »

Airbus concerned Brexit will curb flow of workers in Europe

  Bloomberg Airbus SE, the European planemaker with production sites dotted around the continent, is concerned that Brexit will make it harder to shift workers between countries, hobbling decades of business practice at a manufacturer built on the free movement of people and goods. Airbus makes wings for all of its jets in the U.K. and operates multiple daily delivery ...

Read More »

UBS clients return as wealth business surges

  Bloomberg UBS Group AG saw clients return from the sidelines in the first quarter, adding the most new money to the bank’s global wealth management business in about a decade. Net income at the Zurich-based bank surged 80 percent after better-than-expected results in wealth management and investment banking. Earnings at the unit catering to rich clients contributed 639 million ...

Read More »

Nordea may shift its HQs to Finland, Denmark

  Bloomberg As Nordea Bank AB tells Sweden it will move its headquarters from the largest Nordic economy unless the regulatory environment is relaxed, Finland and Denmark are stepping up their charm offensives. Danish Business Minister Brian Mikkelsen made clear he wants Nordea based in his country, and underscored his commitment to a stable regulatory environment in which banks and ...

Read More »

Arab Bank Group reports $218.2mn profit in Q1

  Emirates Business Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income ...

Read More »

VP okays AED800mn road project

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed the project to improve the Latifa Bint Hamdan Street and the Junction of Umm Al-Sheef-Latifa Bint Hamdan Streets at cost AED800 million. The project links Jumeirah district with Al Khail Road and the Parallel Roads ...

Read More »

DIFC, MMRDA sign knowledge exchange deal

  DUBAI / WAM Dubai International Financial Centre (DIFC) signed an MoU with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by Government of the State of Maharashtra. The City of Mumbai endeavours to set up its own international financial centre, in order to position it as the financial capital of India. In support ...

Read More »

Adnoc to cut oil sales to buyers by 10% as part of OPEC pact

  Bloomberg The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spokesman said on Saturday by phone. The state-owned producer, known as Adnoc, cut supplies for May by 7 percent. The UAE, the fourth-biggest ...

Read More »

Why taxes will go up?

  Let’s be clear: America is an undertaxed society. Our wants and needs from government — the two blur — exceed our willingness to be taxed. This has been true for decades, but it’s especially relevant now because the number of older Americans, who are the largest beneficiaries of federal spending, is rising rapidly. Unless we’re prepared to make sizable ...

Read More »
Send this to a friend