Dubai / WAM Expo 2020 Dubai will unveil details about its strategy for a cleaner, greener world and its centrepiece Sustainability Pavilion at the forthcoming Abu Dhabi Sustainability Week (ADSW). The fifth annual ADSW, running from January 12-21, also hosts the World Future Energy Summit, and will focus on identifying and discussing solutions to the world’s energy and sustainability ...
Read More »Etihad’s hub put us on global market
Roy Kinnear was appointed as Chief Executive Officer of Air Seychelles on July 1, 2015. Kinnear joins Air Seychelles from strategic partner Etihad Airways, where he held the position of Senior Vice President, Revenue Management and Planning, and was responsible for leading the airline’s revenue management, inventory control, pricing, and revenue forecasting. Having gained an honours degree in Economics ...
Read More »McDonald’s sells China stake to Citic, Carlyle for $2.8 billion
Bloomberg McDonald’s Corp. agreed to sell a controlling stake in its China and Hong Kong operations to a group of financial investors in the latest effort by the world’s largest fast-food chain to catch up with Western rivals by opening new stores in smaller Chinese cities. A consortium including Citic Ltd. and Carlyle Group LP will buy an 80 ...
Read More »Barnes & Noble sales sink first time in 3 years
Bloomberg Barnes & Noble Inc. posted its first decline in holiday sales in three years, hurt by a downturn in the coloring-book category, bringing another sign that the Christmas season wasn’t kind to retailers. Same-store sales sank 9.1 percent for the nine-week holiday period, the New York-based company said. Coloring books and other art supplies — products that had ...
Read More »DCCI adds 16,800 companies to its member network in 2016
DUBAI / WAM Dubai Chamber of Commerce and Industry (DCCI) saw its network of members grow by 9 percent or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The rise in number strengthens its position as one of the largest membership-based chambers of commerce in the world. The total value ...
Read More »Imdaad generates record AED500mn revenue in 2016
Dubai /Â WAM Integrated facilities management (FM) company, Imdaad, has generated a revenue of $136m (AED500m) in 2016, registering a growth of eight to 10 per cent compared to the previous year. The Dubai-based company also signed a few major contracts with leading companies in the last quarter of 2016, enabling it to generate more business than the previous fiscal ...
Read More »NYUAD students explore UAE and beyond
Abu Dhabi / Emirates Business New York University Abu Dhabi’s (NYUAD) annual January Term (J-Term) is a unique study program that aims to intensify students’ intellectual focus and reach beyond the classroom. The program incorporates experiential learning, connecting students to the UAE, the Middle East and a range of global destinations. With a focus on exploring and interacting with ...
Read More »Sustainable City to showcase its achievements at WFES
Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...
Read More »Winter festivities conclude on a positive note
Sharjah / Emirates Business The first ever three-week long Winter Festival at Al Majaz Waterfront in Sharjah recently drew curtains after providing thirty thousand visitors from all nationalities and age groups across the seven emirates with the unending frolic of a dreamy winter wonderland. Guests were left in awe of a snowy festive landscape, which stretched across the Waterfront’s ...
Read More »As sun sets on oil sands, Grafton eyes renewables
Bloomberg Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil sands, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,†Geeta Sankappanavar, president and chief operating officer of the Calgary-based ...
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