Dubai / Emirates Business The much-awaited new addition of Ford Ranger, the compact Pickup, has finally hit the markets. It is now available at Al Tayer showrooms. Accoriding to Thierry Sabbagh, Managing Director at Ford Middle East, “The new Ford Ranger is a refined version of the earlier edition, and it has brought a new level of comfort. Without making ...

Abu Dhabi / Emirates Business In collaboration with Etihad Airways’ award-winning loyalty program, Etihad Guest, members of Joyalukkas Golden Rewards program can now convert their loyalty points to Etihad Guest Miles. This is the first time in the Middle East that a jeweller is offering its members the loyalty benefit of converting their loyalty points to miles so they can ...

Bloomberg A deal between Saudi Arabia and Russia to freeze oil output failed to stem the biggest drop in bullish bets since July. The agreement reached on February 16 isn’t going to revive crude prices, according to Goldman Sachs Group Inc. Iran said it supported the deal, without saying whether it would temper its own production. A ban on Iran’s ...

Bloomberg Climeworks AG is not the first company to figure out how to suck carbon dioxide out of the air. It may become the first to make money from it at an industrial scale. The Swiss company plans to remove 1,000 metric tons a year of the greenhouse gas from the atmosphere when its first commercial plant starts working this ...

DPA Puma is planning a turnaround in its fortunes and Rihanna is the key: the German sportswear brand wants to start appealing more to sporty and fashion-conscious women. Bjorn Gulden, the Norwegian chief executive who needs to get the company back on track after a slump in profits last year, sees great potential for growth in the women’s wear market. ...

Bloomberg In the battle for a slice of Japan’s 8.1 trillion yen ($72 billion) retail electricity market, the country’s biggest power companies are lining up against a cuddly bear, a fluffy white dog and a gorilla in a suit. As the country starts fully liberalizing its power market in April, new entrants are using so-called yuru-kyara to lure new customers ...

Ahmed Elfatairy / EMIRATES BUSINESS How do you evaluate the work of UAE Exchange in the local market? Whatis your growth rate? UAE Exchange is a leading remittance brand. In the UAE it enjoys about 55 to 60% market share. In 2015, we transferred US$13.40 billion from the UAE, registering a growth of 6.55% compared to 2014. We have close ...

Our Correspondent / Emirates Business Eventissime By Julia, a brand new concept in organising VVIP luxury private events and the brainchild of Julia Baudin has enteredDubai. Julia is a well-known expert in events management with 25 years of experience in promoting France’s image globally and in managing luxury brands in France, USA & Hawaii, French West Indies, St Barthelemy amongst ...

Dubai / Emirates Business The retail business segment of Emirates National Oil Company (ENOC) plans to increase capacity by 40 per cent between 2016 and 2020 across its network of service stations in the UAE. The growth plans include ongoing renovation of two major service stations in Dubai Internet City and Oud Metha and the construction of 54 more stations ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) has announced that its impact on the Abu Dhabi economy in 2015 surged by 26% to AED3.47 billion from AED2.76 billion in 2014. This follows a 13% growth in the number of events hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC), which collectively hosted a ...