UAE job hires – Tech skills are the most wanted

The UAE’s tech sector could be the first one to post a recovery on the recruitment side… and it could be a strong one. There are already signs of that. If the suitable candidates are not available locally, recruiters are extending the search to India and Eastern Europe and fly them in when flights commence. […]

GE leaves Edison further in the past by selling light bulb unit

New York: General Electric Co. cut one of the last remaining links to founder Thomas Edison, as the beleaguered manufacturer wrapped up a three-year process to sell its iconic light bulb business. Automation-products company Savant Systems Inc will acquire GE’s consumer operations, including lighting and smart-home goods, and bring on the business’s more than 700 […]

‘Still catching up’: US jobless numbers may not tell full story

New York: More than 40 million people — the equivalent of 1 of 4 US workers — have filed for unemployment benefits since the coronavirus pandemic grabbed hold in mid-March, the government reported Thursday, an astounding tally that rivals the bleakest years of the Great Depression. The latest batch of claims — the 2.1 million […]

DP World to join shipping industry’s blockchain platform

Copenhagen: The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries. Dubai’s ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector’s costly […]

Abu Dhabi’s NMC Health stares at potential ‘dissolution’, ‘liquidation’

Dubai: “Dissolution” or “liquidation” of NMC Health are the most likely exit strategies before the UK High Court appointed administrators, a document issued by them state bluntly. “We consider it prudent to retain all the options available to us,” the statement notes. “This will be dependent on dividend prospects and/or whether a liquidator would be […]