UAE’s du, Etisalat change network names to honour workers on occasion of Labour Day

Dubai: Mobile network services providers Etisalat and du have again changed their network names to mark another important occasion, and this time, it is to honour all the workers out there. On Wednesday, May 1, UAE residents started seeing their telecom carrier’s name changed to “Labour Day.” The yearly tribute is observed worldwide every May […]

Hotel group Jumeirah plans $1 billion European expansion

Dubai: The state-owned hotel brand Jumeirah is set announce major investments in key European cities in the coming months totalling upwards of $1 billion, as the company continues its agenda of rapid international expansion. In the past year, the company has opened a hotel in Nanjing, China, with plans to open properties in Bali and […]

Business Excellence Awards: Eyeing the next milestone

Business Excellence Awards is celebrating 25 years of promoting outstanding performance. What was the idea behind setting up the awards? In 1994, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, wanted to set up a process-based award to improve the way businesses were run […]

UAE economy to grow 3 per cent in 2020

Abu Dhabi: Growth in the UAE is forecast to be at 2.6 per cent in 2019 and jump to 3 per cent in 2020, as the country pushes infrastructure investments ahead of Dubai’s Expo 2020, according to the new World Bank’s Gulf Economic Monitor released on Wednesday in Abu Dhabi. The country’s economy is forecast […]

Drake & Scull International pins blame for Dh5b losses on previous management

The entire blame for the financial mess at Drake & Scull International, whereby it reported losses of Dh5 billion for 2018, has been placed on the previous management and Board of Directors, by the company’s current management. In particular, the “deliberate” decision to deferr the announcement of losses incurred between the years 2009 and 2016. […]

AI is not the answer to everything, says AI minister

Dubai: Artificial intelligence (AI) is not the answer to everything, according to the UAE’s minister of state for AI. Behind the hype of the technology, AI remained a tool for both good and bad, minister Omar Sultan Al Olama said on Wednesday. “People think AI is the answer to everything,” Al Olama told Gulf News […]