News

WAZI’YA / WAM The Yemeni National Forces have liberated the entire Wazi’ya front, expunging the Iran-backed Houthi militia out of their pockets in the area. The liberation came as part of a large-scale campaign that was supported by the UAE Armed Forces and inflicted heavy human and material damage on the rebels. The Yemeni resistance is continuing to drive the ...

TOKYO / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Tomohiro Yamamoto, Japanese Minister of State for Defence, signed a joint cooperation agreement between the UAE and Japan in security and defence affairs. The agreement aims to exchange cooperation and defence expertise to support and develop strategic relations between the two countries and work to ...

Dubai / Emirates Business Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), concluded its successful business trip to Jordan. During the visit, which was led by CEO of DREI Mahmoud El Burai, the delegation met senior officials from a number of government and private institutions concerning the real estate sector. The trip resulted in the ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced the opening of the first of ten Géant Express branded stores at service stations in the UAE. The other nine stores will open at existing ADNOC Distribution sites during the second and third quarters of this year. From this week, customers at the Al Mushrif ...

DUBAI / Emirates Business Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, has won the ‘Emirates Women Award’ for the second time during the 15th edition of the programme under the slogan ‘Wisdom, Goodness and Tenderness’. Zainab was awarded in the ‘Leadership’ category for her outstanding contributions to the development of Dubai’s real estate sector, as well ...

Abu Dhabi / WAM Abu Dhabi Ports unveiled its sixth heat stress campaign titled ‘Safety in Heat’, offering an open platform to educate employees, port users and the public on the effects of heat-related illnesses, and preventative measures from May 15 to September 16. A few easy steps have been taken by the authorities to ensure the safety of workers, ...

Dubai / Emirates Business Volvo Buses and FAMCO have received an order from the Dubai Roads and Transport Authority (RTA) to supply 143 Volvo luxury intercity coaches over the next two years, in what is FAMCO’s largest deal with the RTA to date. Volvo’s B11R is the first bus in the Middle East to meet the strict Euro 6 standards ...

Bloomberg The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup’s valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers. So the 46-year-old former hedge-fund manager took some risks. He fired senior managers, set more-aggressive sales targets, boosted spending ...

Bloomberg Fortis Healthcare Ltd.’s board passed over bids backed by US private-equity giants TPG and KKR & Co. in favour of local tycoons in the contentious battle for control of India’s second-largest hospital chain. The drawn-out takeover fight moved a step closer to a conclusion after the Fortis board chose a joint proposal from two Indian business families. The rejected ...

Bloomberg Shanghai Fosun Pharmaceutical Group Co. is among shortlisted bidders for a portfolio of Novartis AG assets, including its US dermatology business, that could fetch as much as $2 billion, people with knowledge of the matter said. Apollo Global Management LLC, CVC Capital Partners and Indian drugmaker Aurobindo Pharma Ltd. have also been picked to make final offers, the people ...