News

Dubai / WAM The Middle East’s Food and Beverage (F&B), industry needs to actively embrace technology to fight increasing food waste in the region, according to experts. Ahead of the first-ever Gulfood Innovation Conference in Dubai next month, to be held at Dubai World Trade Centre (DWTC), from February 18-20, two leading experts on food waste have urged the region’s F&B ...

Abu Dhabi / WAM The Head of the Catholic Church His Holiness Pope Francis, and His Eminence Dr Ahmad el-Tayeb, Grand Imam of Al Azhar Al Sharif, departed the country following a three-day visit to Abu Dhabi. They were seen off at the Presidential Flight by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Abu Dhabi / WAM His Holiness Pope Francis, the Head of the Catholic Church and Sovereign of the Vatican City, delivered a groundbreaking Papal Mass to more than 180,000 Catholics in the UAE. The scale of the event, which took place at Zayed Sports Stadium in Abu Dhabi, is unprecedented for an event of this kind in the Arabian Peninsula ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has allocated $21 million (AED77 million) to finance a specialised ophthalmology hospital in Mauritius as part of its commitment to boosting the healthcare sector in the island nation. HE Mohammed Saif Al Suwaidi, Director General of ADFD, and HE Mohamed Iqbal ...

Dubai / Emirates Business Dubai Cruise Tourism, a department of Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism), alongside its public and private sector partners welcomed cruise ship Oceana into Dubai for the debut of UK-based, P&O Cruises into the region as it homeports for the season. With Dubai as its official winter hub, the luxury vessel will commence ...

Bloomberg India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators. Concerned over delayed payments to generators, the federal power ministry has formed a panel to examine if distribution companies should pay generators in advance for electricity purchases, according to a power ministry document reviewed by Bloomberg. ...

Bloomberg Activity in India’s dominant services sector cooled in January, adding to the urgency for the central bank to do more to support the economy as it meets on interest rates. The seasonally adjusted Nikkei India Services Business Activity Index fell for the second straight month in January to 52.2 from 53.2 in December, indicating a softer expansion in output. ...

Bloomberg With Samsung Electronics Co. set to report its first drop in quarterly profit in two years, investors are counting on the world’s biggest chipmaker to cut capital spending to keep profits flowing during a supply glut. Samsung will probably report a 15 percent decline in net income to about 10.2 trillion won ($9.1 billion) for the last three months ...

Bloomberg Kirin Holdings Co. agreed to acquire most of the biochemicals business from its Kyowa Hakko Kirin Co. unit in a transaction valued at 128 billion yen as it seeks to strengthen its budding consumer health-care segment. Kirin is purchasing a 95 percent stake in Kyowa Hakko Bio Co., which produces specialty chemicals and vitamins for the health and wellness ...

Bloomberg In a twist to the tale of two rival billionaire brothers in India, a bankruptcy filing by Anil Ambani’s wireless carrier could have one clear winner — his elder sibling’s disruptive mobile phone unit. The process initiated in Mumbai, once admitted by the court, would leave Ambani’s Reliance Communications Ltd., or RCom, 270 days to repay debt or liquidate. ...