News

Sharjah Healthcare City project set to double in size

Sharjah Healthcare City Authority (SHCC) on Tuesday announced that the Abu Dhabi-based Ahalia Group has been awarded the permission to set up a $100 million 120-bed hospital in the emirate. The multi-specialty hospital spread across 50,000 square metres is the […]

UAE's Etihad vows to deliver 150,000 meals per year to charity

Etihad Aviation Group has launched a community programme that will deliver 400 meals per day to charity. The initiative will be held throughout 2018 and beyond, with approximately 150,000 meals to be donated every year, the company said in a […]

City watchdog tells banks to uncover ‘dirty money’ with robots and AI

The City watchdog has urged banks to track down criminals with artificial intelligence and machine learning rather than just throwing cash at the problem to “show willing” or appear virtuous. In a message that comes a day after the foreign […]

Tesco admits defeat against Amazon as it closes Tesco Direct, putting 500 jobs at risk

Tesco has announced that it is closing its non-food website Tesco Direct, putting around 500 jobs at risk. The e-commerce website, which sells clothing, homewares and electricals, was launched in 2006 as the supermarket giant’s attempt to take on Amazon […]

Homeserve UK boss to step down as profits jump 25pc

The UK boss of Homeserve, which provides home emergency insurance cover and repairs, is to step down, as the business reports growing success in its overseas markets. Martin Bennett will leave his role later this year having worked for the […]

Shell boss hit by shareholder revolt over £8m pay

The boss of Royal Dutch Shell has suffered a bruising shareholder revolt after more than a quarter of its investors voted against his multi-million euro payout for last year. Ben Van Beurden pocketed €8.9m (£7.8m) for 2017 after trebling the […]

UAE cyber attack cases almost halve in early 2018

The number of cyber attacks against websites in the UAE during the first four months of 2018 totalled 155, almost half the number seen in the same period last year. The decrease from January to April compared to 297 attacks […]

Pets at Home boss vows to return profits to growth

The boss of Pets at Home has vowed to return the business to profitable growth, as the retailer reported a profit slump in the year to March 29. Pets at Home posted a 12.3pc drop in underlying pre-tax profit to […]

Galliford Try warns bad weather will add to cost of Aberdeen road project

Construction and housing company Galliford Try is facing higher bills to build Aberdeen’s troubled ring road after bad weather caused delays. The construction of the Aberdeen Western Peripheral Route was a joint venture between Galliford Try, Balfour Beatty and Carillion, […]

Bloomsbury flies high on Harry Potter anniversary

The 20th anniversary of the Harry Potter franchise and a Booker Prize win have helped the publisher Bloomsbury sharply lift its profit forecasts “well ahead” of earlier expectations. Bloomsbury said an “exceptional” performance by its consumer publishing division last year […]