Business & Money | Wednesday 25 January, 2017 12:02 pm

Pure Gold Jewellers embraces UAE’s Year of Giving initiative by pledging USD 1 Million to help debt laden prisoners

Embracing the spirit of the "Year of Giving 2017" initiative announced by His Highness Shaikh Khalifa bin Zayed Al Nahyan, President of the UAE; leading retail jeweller Pure Gold Jewellers, has pledged USD 1 million (AED 3.8 million) to help secure the release of debt laden prisoners in...

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Business & Money | Wednesday 25 January, 2017 11:59 am

The Abraaj Group Enters into a Definitive Agreement to acquire a majority stake in Jhimpir Power

The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets with c. US$10 billion in assets under management, today announced that it has entered into a definitive agreement to purchase a majority stake in Jhimpir Power Limited (JPL) Holdings...

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Tourism & Hospitality | Wednesday 25 January, 2017 11:58 am

Rixos The Palm Dubai Reports Record Sales in 2016

Rixos The Palm Dubai, the first Turkish inspired multi-concept resort in the UAE, is also one of the most popular holiday destinations in Dubai.  The Hotel Manager of Rixos The Palm Dubai, Mr. Cenk Unverdi confirms that the hotel recorded a remarkable increase in occupancy rates within the...

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Business & Money | Wednesday 25 January, 2017 11:56 am

Panasonic Wiring devices certified by Emirates Authority for Standardization and Metrology (ESMA) for Emirates Quality Marking

Panasonic received the Emirates Quality Mark for its wiring devices, demonstrating the company’s commitment to product excellence and customer safety. Panasonic Homes & Living offers a broad spectrum of Switches & Sockets, LED Lightings, Switchgears, Solar Panels, Energy Recovery...

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Business & Money | Wednesday 25 January, 2017 5:59 am

Deputy crown prince discusses investment opportunities with Third Point's CEO

Deputy Crown Prince Mohammed bin Salman met with the CEO of Third Point LLC, Daniel S. Loeb, in Riyadh on Tuesday to discuss areas of cooperation and investment opportunities in the Kingdom and around the world, the Saudi Press Agency said. The discussions are in line with Saudi Arabia’s...

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Tourism & Hospitality | Wednesday 25 January, 2017 4:08 am

Dubai airport still world’s busiest for passenger traffic

Dubai International cemented its title as the world›s busiest airport for international passengers in 2016, with a 7.2 percent increase in traveller numbers to 83.6 million, its operator said Tuesday. Dubai Airports said “near record numbers” in December had pushed annual...

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Business & Money | Wednesday 25 January, 2017 4:03 am

Barclays Reinforces Wealth and Investment Management team servicing MENA

Barclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (MENA). Antoine Roger Chemali and David Stephan both join Barclays Wealth and Investment Management division as directors, while Owen Dayson joins...

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Government | Wednesday 25 January, 2017 4:00 am

King to commission new fighter aircraft F15-SA today

Custodian of the Two Holy Mosques King Salman will commission on Wednesday F15-SA fighter aircraft during the inauguration of King Faisal Air Academy’s 50th anniversary marking its foundation. The F15-SA jets, also known as ‘Eagle Fighters,’ will join a growing Saudi Royal Air...

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Technology & IT | Wednesday 25 January, 2017 3:22 am

Huawei unveiled the first long-lifespan graphene-assisted Li-ion battery

Huawei was ranked as the world’s eighth-largest company in terms of research and development spending in 2016, according to EU Industrial R&D Investment Scoreboard, an annual ranking of the world’s top 2,500 R&D investors.[i] The global technology manufacturer’s...

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Tourism & Hospitality | Wednesday 25 January, 2017 3:00 am

Etihad Aviation Group Announces President and Chief Executive Officer Transition Process

The Etihad Aviation Group Board of Directors announced that James Hogan will step down as President and Chief Executive Officer of the company in the second half of 2017. The Board and Mr. Hogan first initiated the transition process last year with the formation in May of the Etihad Aviation Group, ...

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