CEOSPEAK: Sustaining human resource development

Sheikh Khalifa Medical City has won Dubai Quality Award in 2014 and Dubai Human Development Appreciation Award in 2017. What was the key to this success? The secret of our success is our people. We know there is a need to nurture and support existing and new talent to consistently provide a high quality of […]

Hyflux in talks with Middle East’s Utico for $294m funds

Singapore: Singapore’s Hyflux Ltd., the water and power company battling for survival, said it is in talks with Middle Eastern utility Utico FZC about securing S$400 million (Dh1 billion or $294 million) of funds, disclosing the identity of the potential investor after receiving a non-binding letter of intent. Hyflux’s legal and financial advisers are in […]

Anil Ambani needs $2b in asset sales to save his last stronghold

Mumbai. The last stronghold in embattled tycoon Anil Ambani’s phone carrier-to-power empire is also developing fault lines. Reliance Capital Ltd, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate. Now, the company that controls India’s fifth-biggest mutual fund, is racing to […]

Etisalat Misr to invest heavily in network after subscriber base dips

Cairo: Egyptian telecoms company Etisalat Misr aims to invest heavily in modernising its network this year and book a higher share of revenues from internet services as it works to offset the impact of a fall in its subscriber base, its CEO said. The firm’s parent company, UAE-based Etisalat, is targeting double-digit revenue growth for […]

US job growth surges; unemployment rate drops to 3.6%

WASHINGTON US job growth surged in April and the unemployment rate dropped to a more than 49-year low of 3.6 per cent, pointing to sustained strength in economic activity even as last year’s massive fiscal stimulus fades. The Labor Department’s closely watched monthly employment report on Friday, however, showed steady wage gains last month, consistent […]