Tuesday, May 23, 2017

Business News

Experts warn of fresh cyber-attacks as working week begins

Security experts are warning that the world could see a fresh wave of cyber attacks on Monday as the West goes back to work. More than 1.3 million computers are thought to still be vulnerable to attack by the Wannacry virus that hit IT systems last weekend. Over 200,000 computers ...

Read More »

UAE’s investment in Indian markets crosses 30 companies

UAE companies investing in Indian markets, has apparently risen to 30 companies by the end of 2016. According to national news agency WAM, this came on the back of a meeting that was held in the UAE capital between officials from the Abu Dhabi Chamber of Commerce and Industry and ...

Read More »

Nakheel awards AED1.5 billion contract for Palm Gateway project

A AED 1.5 billion contract has been awarded for the Palm Gateway project. Dubai developer, Nakheel, has appointed Shapoorji Pallonji Mideast LLC to undertake the development at the foot of the Palm Jumeirah. It will feature three high-rise buildings with over 1,200 apartments, as well as retail, dining and leisure ...

Read More »

Emirates Airline profit drops in challenging year

Emirates Airline has reported an 82 per cent decline in annual profits amid a challenging economic environment and a turbulent year for aviation. The Dubai-based carrier posted a net income of AED 1.3 billion for the 12 months ending March 31, while revenue remained stable at AED 85.1 billion The ...

Read More »