| Dnata raises Servair Airchef
stakes to 100% | | Dnata, one of the world’s largest air services providers, has announced the acquisition of the remaining 50 per cent of Servair Airchef in Italy, taking its total ownership to 100 per cent. | | ICAEW, AAA to back accounts profession | | DUBAI - ICAEW and the Accountants and Auditors Association (AAA) have signed a Memorandum of Understanding (MoU) to work closely together to advance the accounting profession in the UAE. | | US consumer morale surges | | US consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling. | | Abe aims ‘third arrow’ | | The latest tranche of Japan’s growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday. | | Japan machinery orders jump 14.2% | | Japanese core machinery orders jumped a bigger-than-expected 14.2 per cent in March, the quickest monthly pace in eight years, in a sign a weaker yen and surging stock prices are making companies more confident about investing in equipment. | | Euler Hermes sees 20% growth in GCC countries | | Euler Hermes, a market leader in credit insurance, will continue to invest in GCC countries and expects around 20 per cent growth in premium portfolio this year and next year, according to top company officials. | | Knowledge is key to economic growth: Mansouri | | Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has stressed that knowledge today is crucial to production and economic growth around the world. This came in his opening speech at the 2nd “Economic Policy Development Forum”, held under the banner “Sustainable Wealth Based on Knowledge” in Dubai. | | Al Majid Motors opens 2 new showrooms | | DUBAI - Al Majid Motors Company, the sole distributor of KIA Motors in the UAE, has further strengthened its presence in the UAE with the opening of its two new showrooms in Sharjah and Ras Al Khaimah. | |
