Thursday, March 23, 2017

Business News


Other countries could follow US electronics ban

The US government’s decision to prohibit large electronic devices in cabins of flights from the Middle East could lead to other countries around the world following suit. That’s according to Tim Clark, the President of Emirates Airline, who says that the ban is ‘hugely disruptive’ to their operations. He also ...

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Amazon to buy UAE online retailer

Amazon has agreed to buy Dubai-based online retailer According to media reports, the sale, agreed this week, is thought to be worth between $650 and $ 750 million. One stated that Goldman Sachs acted as adviser for and helped arrange the deal., which initially launched as an ...

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Dubai Airports ‘well prepared’ to deal with US electronics ban

The in-flight electronics ban on US-bound planes is not expected to affect overall passenger traffic at Dubai International Airport or cause any major delays at the travel hub. Dubai Airports’ CEO Paul Griffiths told ARN that they’re well-prepared to deal with the situation and are coordinating with all stakeholders. He ...

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Apple to go red with special edition iPhone 7

Apple on Tuesday unveiled the iPhone 7 and iPhone 7 Plus RED special edition. The gadget, which will boast of the same features and design as the original iPhone 7 models, will go on sale on March 24, with a price starting at $749. It’s coloured red to mark the ...

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Top British banks named in Russian money laundering scheme

British daily ‘The Guardian’ revealed Britain’s top banks and a network of UK-registered companies were used by Russians to launder millions of dollars. The money-laundering network was allegedly run by Russian criminals with links to Russian authorities, the daily says citing sources close to investigation. The banks are being questioned ...

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