Blog List Layout

  Dubai / Emirates Business ENOC Retail, Emirates National Oil Company’s retail business segment, announced ambitious growth plans of 150 per cent for its Zoom stores network in the UAE by 2025 to cater to increasing customer demand and population growth. The company also aims to triple its turnover in the next 15 years. ZOOM’s growth plans include the opening ...

  Sharjah / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the first phase of development of bus shelters in the emirate, according to an announcement of the Sharjah Urban Planning Council (SUPC). The project is in line with the vision of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi and ...

  AFP The latest European challenge to the all-powerful US credit ratings agencies doesn’t come from the continent’s financial capital Frankfurt — but Berlin, better known for raves than banking. “We want to become the European voice on the ratings market,” declares Torsten Hinrichs, chief executive of Scope Ratings. From his office overlooking the huge Tiergarten park, once the hunting ...

  Brussels / AFP A suicide bomber as young as 12 killed at least 51 people at a wedding in Turkey, President Recep Tayyip Erdogan said on Sunday, pointing the finger at the IS group. Erdogan said Saturday’s blast in Gaziantep near the Syria border “was the result of a suicide bomber aged between 12 and 14 who either detonated (the ...

  Dubai / Emirates Business In line with its mandate to boost Dubai’s credentials as a wholesale hub of choice and as part of ongoing efforts to strengthen cooperation with partners and stakeholders from the private and public sector within and outside the UAE, Dubai Wholesale City (DWSC) welcomed a delegation from the Spanish embassy. During the visit, the two ...

  Abu Dhabi / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), hailed the overall progress made by bilateral relations between the UAE and China in the political, economic, trade, educational and parliamentary spheres in particular. She was speaking during a meeting at the FNC with the Chinese ambassador to the UAE, Chang Hua, who was ...

  DUBAI / Emirates Business The six-fold growth in mobile robotics by 2020 will dramatically enhance Middle East and global business productivity, workplace safety, and daily lives, according to an exclusive new report by Frost & Sullivan prepared in collaboration with GITEX Technology Week. Shipments of mobile robotics will grow from 4 million in 2012 to 25.4 million in 2020. ...

  Emirates Business Representatives from the Central Asia and North Africa (CANA) branches of the International Board on Books for Young People (IBBY) have participated at the IBBY International Congress and General Assembly. The event, which concluded on Sunday in Auckland, New Zealand, the delegates were able to attend the influential biennial literary event thanks to sponsorship supplied by the Sharjah ...

  Bloomberg The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with assets worth over $64 billion, is in no hurry to kickstart the process, waiting until oil prices recover and Russia ...

  Beijing / Bloomberg China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle. Net income at the nation’s largest residential developer climbed to 5.35 billion yuan ($804 million), or 0.48 ...