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Emirates Planning Expansion on U.S. Routes as Dubai Continues to Grow Rapidly

UAE News - 10 hours 10 min ago

On Tuesday, Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates said that he is making an effort to expand routes for the airline which may also include more destinations in the U. S. routes in spite of the opposition coming from the American carriers which say that the airline is getting an undue advantage.

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Categories: UAE News

Dubai Plans More Hotels for Tourists

UAE News - 10 hours 12 min ago

Dubai is well known for its luxury hotels and as a famous tourist destination. The Burj al Arab, the Jumeirah Beach Hotel and the Atlantis in the palm island all are perfectly built to provide luxury at its best.

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Categories: UAE News

Retailers May Offer More Personalized Customer Experience using GE’s new LED Light Fixtures

UAE News - Tue, 05/05/2015 - 11:45

General Electric Co.'s, GE Lighting division is collaborating with Qualcomm, the telecommunications firm to develop "smart" LED light fixtures over the last four years which now the companies are taking to the retailers for allowing a more personalized experience for their customers.

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Categories: UAE News

GE Collaborates with Qualcomm for smart Indoor Positioning Technology

UAE News - Tue, 05/05/2015 - 11:42

On Monday, GE and Qualcomm Atheros, which is a subsidiary of Qualcomm Inc., announced a collaboration through which the companies plan to add the innovative indoor positioning technology in stores of major retailers for better customer experience. The new technology will allow retailers to pinpoint the location of the shopper and permit the use of mobile apps to personalize their in-store experience.

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Categories: UAE News

EC Investigation Against Ireland May Mean that Apple has to Pay ‘Substantial’ Back Taxes

UAE News - Thu, 04/30/2015 - 10:56

In 2014, the European Commission regulators began an investigation against Ireland and have taken a look into the manner how the country decided taxes payable by Apple Sales International and Apple Operations Europe.

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Categories: UAE News

‘Secret’ The Anonymous Sharing App Is Shutting Down says Co- Founder David Byttow

UAE News - Thu, 04/30/2015 - 10:55

On Wednesday, Secret, the smartphone application which started just sixteen months back and allowed users to make comments anonymously to friends and close people, said it was going to shut down.

Secret, has gained popularity as, using it, people could express themselves namelessly, which sometimes generated controversies for hurtful or tactless comments.

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Categories: UAE News

Jaunt VR is launching a new division --- Jaunt Studios

UAE News - Wed, 04/29/2015 - 12:51

Virtual reality (VR) tech firm Jaunt VR has revealed in a recent announcement that it is launching a new division – called ‘Jaunt Studios’ – which will specifically focus on creation of live-action VR experiences.

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Categories: UAE News

Comcast Abandon its Proposed Merger Plans With Time Warner Cable

UAE News - Wed, 04/29/2015 - 11:33

The troubled Comcast and Time Warner Cable deal came to an end when Comcast walked out of the deal last week. It had earlier proposed to take over TWC for $45.2 billion.

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Categories: UAE News

Samsung Electronics Co Ltd Expects Higher Profits in the Second Quarter

UAE News - Wed, 04/29/2015 - 11:31

On Wednesday, Samsung Electronics Co Ltd posted its January-March profits which were the highest in the last three quarters. The main reason for its good performance is attributed to the sturdy demand of its Galaxy S6 flagship smartphones that has been newly launched in the market. The company said that it expects the second expects earnings to increase too.

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Categories: UAE News

Fourth Quarter Earning of Container Store Drop and the Company Trims Its Annual Outlook

UAE News - Tue, 04/28/2015 - 12:06

Following a disappointing fourth quarter earnings report, the Container Store Group Inc's shares dropped. The storage and organization-products retailer based in Coppell, Texas also announced a weak estimate of earnings for the current financial year.

In the late trading the stocks of the company dropped about twenty five percent or $5.40 to $16.29.

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Categories: UAE News

Teva’s Bid for Mylan may Face Antitrust Issues Owing to Drug overlaps

UAE News - Sat, 04/25/2015 - 11:38

On Tuesday, Teva, the biggest generic drug manufacturer in the world made a $40 billion offer to buy Mylan NV. The company was also quick enough to signal that it was prepared to sell several of its overlapping assets in order to win the approval of the regulators.

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Categories: UAE News

Wynn Resorts Shareholders Choose to keep Elaine Wynn Out of the Board

UAE News - Sat, 04/25/2015 - 11:36

The long drawn feud over the re-election of Elaine Wynn, to the board of Wynn Resort Ltd, ended on Friday as ex-wife of co founder Steve Wynn failed to secure her position back as a member of the board.

Shareholders had to decide among re-electing co founder, Elaine Wynn or going with the company's proposal to re-elect two sitting board members share holders sought to go with the company's suggestions.

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Categories: UAE News

PepsiCo Dropping aspartame from Diet Pepsi Owing to Customer Concerns

UAE News - Sat, 04/25/2015 - 11:34

Concerned over the effects of aspartame on health, American consumers are shying away from some of their favorite diet sodas, Diet Pepsi and Diet Coke.

In response to the worries PepsiCo announced that, it is dropping the ingredient, aspartame, from its Diet Pepsi. The company will be replacing aspartame with a different artificial sweetener, sucralose, which is also commonly called Splenda.

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Categories: UAE News

McDonald’s New CEO will Unveil Plans of Turnaround Next Month

UAE News - Thu, 04/23/2015 - 11:29

McDonald's Corporations new CEO, Steve Easterbrook has a big task in hand as he is expected to bring a turnaround in the struggling food chains economics. On Wednesday, the CEO of the fast food restaurant chain said that his plans for the turnaround will be available in the coming month.

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Categories: UAE News

Navinder Singh Sarao Arrested in London for being Responsible for 2010 ‘Flash Crash’

UAE News - Thu, 04/23/2015 - 11:25

A London trader was arrested for being the one responsible for the Flash Crash of the Dow Jones in 2010. But, the arrest is shaking the confidence of the investors rather than boosting it.

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Categories: UAE News

Yahoo Inc’s First Quarter Profits Fail to Match the Analysts’ Expectations

UAE News - Wed, 04/22/2015 - 11:38

On Tuesday, Yahoo Inc. reported its first quarter profits which dropped along with the quarterly revenue and failed to keep up with the analysts' expectations. The plunge is attributed to the lower prices for advert display and also the stock related compensation expense along with charges that were incurred for restructuring.

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Categories: UAE News

Mislabeled Anti-Parasite Drug Container Held Responsible for Killing Aquarium Fish in Texas

UAE News - Wed, 04/22/2015 - 11:37

Last week, 389 fish were killed at a Texas aquarium. The officials say that a mislabeled container of anti-parasite drug which actually carried poisonous chemicals may have led to the mishap.

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Categories: UAE News

IBM’s First Quarter Profits Lower than Expected

UAE News - Tue, 04/21/2015 - 11:46

International Business Machines Corp. reported its earnings for the quarter on Monday. The technology giant reported lower profits than expected in the initial quarter after it faced another plunge in revenues. The reason for the fall this time is attributed to the strong US dollar.

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Categories: UAE News

Reportedly, Morgan Stanley in Talks with NY Attorney General for a $500-millon Settlement Deal

UAE News - Mon, 04/20/2015 - 11:27

Reportedly, the Wall Street bank, Morgan Stanley is in discussions with New York attorney general's office to pay approximately $500 million in order to reach a settlement for a probe that examines whether the firm misguided investors with mortgage bonds during the financial crisis.

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Categories: UAE News

Department of Transportation Issues Oil Train Security Rules

UAE News - Sat, 04/18/2015 - 12:27

On Friday, the Department of Transportation announced an emergency order that requires the crude oil and various flammable liquid hauling trains to slow down when they cross urban locations. The order also included several other precautions that are needed for increasing the security levels.

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Categories: UAE News

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