How VAT will impact everything from auto insurance to cleaning contracts

November 22, 2017

Some UAE consumers thought they had finished paying for their car insurance and other services for the coming year. Now they’re having to think again.

Gulf News has heard from some consumers after they received letters asking for more money for service contracts that extends into 2018. This includes auto insurance, commercial"... Continue Reading

Epic antitrust fight looms for AT&T’s $85B Time Warner deal

November 22, 2017

The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant.

It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he might have interfered with the department’s decision,"... Continue Reading

One year later: Uber announces security breach that exposed data of 57m people

November 22, 2017

Ride hailing app, Uber, hid a security breach for a year compromising 57 million people’s sensitive information, the company said.

“None of this should have happened, and I will not make excuses for it,” the company’s new chief executive, Dara Khosrowshahi, wrote in a blog post.

Two"... Continue Reading

PCP Capital Partners tables $400m bid for Newcastle United

November 22, 2017

A British businesswoman has made a formal offer of around £300 million ($397 million) for Premier League club Newcastle United, according to British media reports on Monday.

Several media outlets, including the BBC, said Amanda Staveley's financial firm PCP Capital Partners had made a bid to Newcastle owner Mike Ashley.

"... Continue Reading

Rhinestahl opens Middle East operations centre

November 22, 2017

Rhinestahl Corporation has opened its new Customer Tooling Solutions (CTS) operations centre in Dubai.

Over the next ten years, the Middle East region is projected to see a 66% increase in fleet growth (Oliver Wyman Global Fleet & MRO Market Forecast)."... Continue Reading

Dubai launches stem cell therapy for joint disease

November 22, 2017

Bioscience Clinic, located in Dubai Healthcare City has launched its latest innovative therapy for treatment of joint disease, becoming the first to use stem cells taken from adipose tissue in a variety of clinical applications.

Its latest therapy was first introduced in Europe by Bioscience Institute in partnership with the University of Rome, a Bioscience Clinic sister company.

"... Continue Reading

Tesla unveils electric semi truck

November 22, 2017

Tesla unveils electric semi truck

US-based automaker Tesla has unveiled its new “Beast” semi truck, targeting the diesel-intensive heavy duty road freight market.

This release creates much optimism for electric vehicle (EV) adoption, but displacing oil in long-haul trucking has the most daunting cost and technological challenges of all segments, said British multinational bank and financial services company Barclays"... Continue Reading

Kuwait’s heavy debt looms: Banking’s balancing act

November 22, 2017

Kuwait is liquid and managing a tough situation brought about by OPEC-led production cuts. In 2018, the country will be listed by FTSE in the secondary emerging market category boosted by Kuwait’s capital market regulatory changes, allowing it to benefit from an estimated $4.4 billion of passive flows.

But it’s the latest"... Continue Reading

My Holidays to use Travelport technology

November 22, 2017

Travelport, a leading travel commerce platform, has announced, via its operator in Qatar, a new agreement with My Holidays, the online arm of Regency Travel and Tours, one of the pioneering travel agencies in Qatar.

Under the agreement, My Holidays will utilise"... Continue Reading

Honeywell launches new connected gas detector in Mideast

November 22, 2017

Honeywell, a global technology and manufacturing leader, has launched a new connected gas detector in the Middle East, designed to keep industrial operations safe while making set-up, maintenance and compliance reporting faster and easier by leveraging Bluetooth connectivity.

The new Sensepoint XRL fixed gas detector monitors industrial operations for specific hazardous gases, such as carbon monoxide"... Continue Reading

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