du prepaid customer becomes an instant millionaire

  DUBAI / Emirates Business du prepaid customer, Atif Nizam Chaudhary, became an instant millionaire after purchasing a du prepaid bundle during Ramadan. In a ceremony held on Wednesday, July 20 at du’s flagship store in Media City, Fahad Al Hassawi, Chief Commercial Officer at du, handed over a cheque for AED1 million to Atif Nizam Chaudhary. Throughout the Holy ...

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Millennium Corniche Hotel Abu Dhabi wins best newcomer int’l award

  DUBAI / WAM The Millennium Corniche Hotel Abu Dhabi won the Best Newcomer International 2016 Award, Investors In People (IIP) in London in an event held at Old Billingsgate Market and was hosted by “Bridget Jones’s Diary” actress, Sally Phillips. Millennium Corniche Hotel Abu Dhabi, was the only Hotel Company out of many shortlisted companies and the only one from ...

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Experts call for smart lighting solutions

  Abu Dhabi / Emirates Business Innovative lighting technologies have drastically changed the future of the lighting industry. The influence of new trends such as smart lighting and connected lighting have reshaped various lighting categories – architectural, indoor, outdoor, residential and street lighting, to name a few. Further, industry reports indicate that the residential market is the largest market sector ...

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RTA takes part at CIECA conference in Madrid

  WAM The Roads and Transport Authority (RTA), represented by a delegation from the Licensing Agency, has attended the conference held by the International Commission for Driver Testing (CIECA) in Madrid, Spain. The event focused on the best practices adopted in training, qualifying and licensing of drivers, and sharing expertise with the Licensing Agency. The overall objective of the event ...

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Liwa festival kicks off with best dates

  Emirates Business Over 100 baskets of dabbas were lined up on tables, awaiting judgement for the tastiest, healthiest and the best looking date. This variety of date, especially popular in Liwa oasis, was the first of the 10 ratab — half ripen dates — competitions to start the 12th annual Liwa Dates Festival. Organised by the Cultural Programmes and ...

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‘Summer Fun’ at Al Majaz pulls huge turnout of visitors

  Emirates Business Visitors to Al Majaz Waterfront in Sharjah can enjoy a host of new activities on offer, with the premier tourist and leisure destination having commenced its exciting ‘Summer Fun’ annual programme which will run every weekend (on Thursday and Friday) until the end of August. Starting on the first day of Eid Al Fitr, Summer Fun at ...

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Turkey $9bn bond rout signalled by swaps after botched coup

  Bloomberg The thwarted coup attempt in Turkey is leaving derivatives traders with little doubt the country’s three-year sojourn in investment grade is coming to an end, potentially triggering a fire sale of almost $9 billion of bonds. In the three trading days since President Recep Tayyip Erdogan survived a bid by a faction of the military to depose him, ...

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Daimler’s Mercedes sustains margins & sees boost from E-Class

  Bloomberg Daimler AG maintained the profitability of its Mercedes-Benz Cars unit in the second quarter even as it spent money to introduce a new version of the E-Class sedan, a model it said will help boost returns the rest of the year. Adjusted for special items, the return on sales was 10 percent at the division, which includes the ...

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Brexit to halt UK growth streak with mild recession

  Bloomberg The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote and now seeing two quarters of contraction this year. While the 0.1% decline in gross domestic product anticipated in each of the third and fourth quarters is modest, it will mark the end of ...

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French businesses shrug off Brexit for now as confidence gains

  Bloomberg French executives brushed aside concerns about the U.K. vote to leave the European Union, reporting improving confidence in the first major survey of business sentiment since the British referendum. Business sentiment rose two points to 102 in July, while sentiment among manufacturing executives climbed one point to 103, national statistics office Insee said Thursday. The increase suggests that ...

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