News

Bloomberg Starbucks Corp. will be joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, according to people with knowledge of the plans, rolling out an effort to stave off competitors and turn around sales in the country. Ele.me, the meals delivery service owned by Alibaba, will handle the logistics in a deal ...

DUBAI / WAM The Department of Economic Development (DED) in Dubai has issued the first licence in Chinese and Arabic to one of the investors from the Republic of China. This is in line with the latest strategic partnerships betw-een the UAE and China to strengthen bilateral cooperation in economic, investment and trading sectors. The issuance of the Chinese licence ...

Bloomberg Crude rose by the most in a month as traders focus on supply risks from Canada to the Middle East. Futures in New York advanced as much as 2.5 percent on Monday amid speculation that a Canadian oil-sands facility that supplies US refineries won’t return to full production as quickly as expected. Threats elsewhere included an imminent labour strike ...

DUBAI / WAM Commercial Bank International (CBI) announced financial results for first six mon- ths of 2018, with net profit up 55 percent to AED81 million, compared to AED52 million in H1 2017. Operating profits were up 6 percent to AED194 million, from AED183 million during same period last year. Mohammad Sultan Al Qadi, Chairman of CBI, said, “The strong ...

JAKARTA / WAM The Emirates Authority for Standardisation and Metrology (ESMA) has signed a Memorandum of Understanding (MoU) with Indonesia’s National Standardisation Agency (BSN) and National Accreditation Committee (KAN) to officially recognise halal certificates issued by KAN. ESMA Director-General Abdulla Abdul Qader Al Maeeni told Salaam Gateway, which is a joint effort between Dubai Islamic Economy Development Centre and Thomson ...

Dubai / WAM The Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first Court of the Blockchain. Building on existing dispute resolution services, the alliance will initially explore how to aid verification of court judgments for cross-border enforcement. The partnership is the first step in creating a blockchain-powered future for the judiciary which ...

Abu Dhabi / WAM The UAE has established its stature as a leading country in terms of spreading the values of humanity and the spirit of giving and peaceful coexistence between communities and has become a driver of cooperation, tolerance, and dialogue between religions around the world. International organisations highlighted the UAE’s international efforts to adopt and promote humanitarian values, ...

SHARJAH / WAM Women Advancement Establishment (Nama), and its entities are currently in preparation for their first large-scale international mission to Brazil, Sao Paulo, starting August 2, with leading Brazilian organisations, entrepreneurs and market leaders dedicated to boosting women’s participation opportunities in economy and society. Nama, along with its three affiliates: the Sharjah Business Women Council (SBWC), Irthi Contemporary Crafts ...

Abu Dhabi / Emirates Business Effective October 28, Etihad Airways will increase its flights from Abu Dhabi to Canada’s largest city, Toronto, from three to five weekly services. The flights will be operated by Boeing 777-300ER aircraft, featuring 40 seats in Business Class and 340 in Economy Class. Robin Kamark, Chief Commercial Officer, Etihad Aviation Group, said: “We are thrilled ...

ABU DHABI / WAM The General Authority for Regulating the Telecommunications Sector (TRA), organised a staff security awareness lecture entitled, “We Are All Partners in Our Nation’s Security,” to strengthen the strategic partnership and create security and national awareness among segments of society. The lecture, held in cooperation with Al Ameen Service, detailed the importance of involving citizens and residents ...