Tuesday , 16 December 2025

News

Landmark Group pivots its e-commerce strategy

  Abu Dhabi / Emirates Business The Landmark Group, the Middle East’s leading retail and hospitality conglomerate, pivoted its E-commerce strategy to offer a simpler, more useful and more customer-friendly online shopping experience. On November 24, the Landmark Group’s Web Team replaced the existing online portal LandmarkShops.com with seven individual, brand websites – HomeCentre.com, BabyshopStores. com, MaxFashion.com, SplashFashions.com, ShoeMartStores. com, …

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UAEREP concludes successful participation at COP22

  MARRAKECH / WAM A delegation headed by Alya Al Mazroui, Manager of the UAE Research Program for Rain Enhancement Science (UAEREP), concluded a series of productive meetings with leading policy makers and researchers at COP22 in Marrakech, Morocco. Running from November 6 -18, the Conference of Parties (COP22) in Morocco marked the maiden participation to a COP event for …

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Jordan picks firms for canal project

  AFP Jordan said on Monday it had chosen five international consortiums to build the first phase of a multi-million-dollar canal linking the Red Sea to the shrinking Dead Sea. The ambitious $1.1 billion project has been in the works for more than a decade and aims to provide much-needed water to Jordan, Israel and the Palestinian territories. It moved …

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Arid Saudi could need over $53bn in water investment

  Riyadh / AFP Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on Sunday. The world’s largest oil exporter, whose petroleum revenues fell 51 percent last year on declining crude prices, is pushing to diversify its economy through greater private sector investment and development of new …

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China risks wasting $490bn on coal plants

  AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, …

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Uber, Ola services close to regulatory clearance in India

  Bloomberg India is set to clear the ride-hailing services of Uber Technologies Inc. and Ola by issuing guidelines to make them legal, according to a person with knowledge of the matter. The companies will need to get the software used to calculate fares validated while keeping their luxury car category outside tariff rules, the person said, asking to not …

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Export gains to boost Japan GDP growth

  Bloomberg Japan’s economy will grow 1 percent next year before slowing to a 0.8 percent expansion in 2018, the Organization for Economic Co-operation and Development said in a global economic outlook released on Monday. A rebound in international trade will help drive Japan’s export growth higher over the next two years, supporting business investment as fiscal stimulus fades, the …

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India’s tractor maker to help ryots amid note ban

  Bloomberg India’s biggest tractor maker said it will extend assistance to farmers affected by the banknote crisis to tide them over the planting season. Mahindra & Mahindra Ltd. will help farmers with servicing for their tractors, buying of seeds and give some leeway on loans and advances, Managing Director Pawan Goenka said in an interview last week. “While loss …

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Australia strikes deal on ‘backpacker tax’

  AFP Foreigners in Australia on working holidays face paying a 15 percent levy on every dollar they earn after the government on Monday compromised on a controversial “backpacker tax”, dumping plans for a higher rate. Canberra had initially sought a revenue-raising 32.5 percent tax for seasonal workers from January 1 under a proposal first flagged in the 2015 budget, …

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Brexit impact on economy to be less harsh than anticipated

  Bloomberg Brexit is going to cause the British economy to slow less than originally thought, according to the OECD. The Paris-based Organization for Economic Cooperation and Development revised up its UK growth forecasts to 2 percent from 1.8 percent this year, and to 1.2 percent from 1 percent in 2017, according to its November Economic Outlook. An inflation-induced pinch …

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