Bloomberg African Rainbow Capital Ltd.’s banking partner is close to getting a license that it wants to use to challenge the dominance of South Africa’s biggest lenders. The Commonwealth Bank of Australia has said it will sell 10 percent of Tyme, a Johannesburg-based lender that allows customers to access funds through their mobile phones, to billionaire Patrice Motsepe’s African Rainbow ...

Bloomberg Qantas Airways Ltd. announced its fourth stock buyback in two years as the airline reported better-than-expected annual earnings, marking the end of a three-year turnaround under Chief Executive Officer Alan Joyce. The Australian carrier, reporting its second-highest profit on record, said it will repurchase as much as $295 million of stock even as the shares traded near an all-time ...

Bloomberg United Continental Holdings Inc. suspended its entire regional operation and all mainland flights out of Houston to non-hub airports around the country as Hurricane Harvey lashed southeast Texas, the airline said. More than 1,000 flights had been canceled and another 1,259 delayed nationwide as of 3:04 p.m. Eastern time Saturday, according to flight tracking service FlightAware. United’s cancellations, including ...

Bloomberg After years of being relegated to the back of the closet, Hollister has been reborn. Though the heyday of the seagull logo is long past, the teen apparel brand with the California vibe has charged back into the mix, trying to turn things around for its struggling parent, Abercrombie & Fitch Co. The bird was once a stamp of ...

Bloomberg A price war has raged in US supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com Inc. plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition of Whole Foods ...

Bloomberg Tiffany & Co. is making headway with millennials who seek fashion jewellery while forgoing some of the treasures of the Audrey Hepburn generation: wedding and engagement rings. Growth in fashion and designer jewellery helped boost revenue to $959.7 million during the second quarter, even as sales of wedding rings underperformed, the company. While revenue topped analysts’ estimates, same-store sales ...

Dubai / WAM Emirates Glass, a subsidiary of Dubai Investments PJSC, has announced significant growth in profitability in the first half of 2017, with mega projects worth AED100 million awarded to the company across the UAE, Kuwait and Saudi Arabia. Emirates Glass announced that it is executing more than AED50 million worth of contracts in GCC countries and has also ...

Dubai / Emirates Business Nuance Communications, Inc. said latest artificial intelligence (AI) framework could serve as a game changer for the UAE and GCC telecom industry. The Middle East region is now witnessing an accelerating technology migration to higher speed networks and smartphones, facilitated by operator investments to extend network coverage. Telecom operators need to transform their revenue opportunity thro-ugh ...

Dubai / Emirates Business DAMAC Properties announced a collaboration with the Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature-style. Located in one of Dubai’s most prestigious golf communities, the luxury villas perfectly embody the designer’s bold and iconic styling and ethos, with exotic and innovative interiors complemented by daring exteriors. Hussain ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) is organising the Ajman Corporate Social Responsibility (CSR) Summit 2017, this November. Through the event, the Chamber will address the opportunities available for all companies to adopt the CSR concept as a key element in their development strategy. The ACCI held a co-ordinative meeting to discuss the mechanisms of ...