News

DUBAI / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA) has endorsed a contract for procuring 554 environment-friendly hybrid vehicles. These vehicles, which are fitted with a combination of fuel engine and electric motors, currently constitute about 11 percent of the fleet of the Dubai Taxi Corporation (DTC). The move is part of a master ...

Dubai / WAM The Federal Tax Authority (FTA) launched its website, providing businesses and consumers with a wealth of information on the upcoming introduction of excise tax and VAT in the UAE. The FTA website includes information about the Authority, as well as the introduction of the different types of indirect taxes in the country, the legislations regulating them, and ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) revealed that scheduled delivery is on track for the construction of six schools in the emirate of Abu Dhabi, two of which are on Abu Dhabi island and four in Al Ain, during the period from April to September 2017. The project, in cooperation with Abu Dhabi Education Council (ADEC) ...

SHARJAH / WAM Sharjah National Hotels Company, a subsidiary of Sharjah Islamic Bank (SIB), recorded a strong performance during the first half of this year, confirming the emirate’s position as a preferred destination for families. The company reported an average of more than 70 percent occupancy during the first six months of 2017. A strong performance during the first half ...

ABU DHABI / Emirates Business The Abu Dhabi Systems and Information Centre (ADSIC), has signed a strategic partnership MoU with the leading global cybersecurity company Trend Micro, to provide advanced software solutions to 84 entities within Abu Dhabi’s e-Government. As part of the MoU, Trend Micro will provide cybersecurity services to boost the general security environment of ADSIC and its ...

Bloomberg European Union officials warned Britain not to make peace in Ireland a bargaining chip in their bid for a post-Brexit UK-EU trade deal. With talks on the UK’s withdrawal from the bloc scheduled to resume next week, officials in Brussels said they wanted Theresa May’s government to come up with more ideas to keep the border between Northern Ireland ...

Bloomberg Jack Dorsey’s latest bet is positively old-school. Square Inc., the mobile payments processor run by Dorsey, unveiled its first physical store to offer hands-on support for merchants using its technology and showcase some of their wares. To most passersby, the cozy space looks like any other boutique store in Manhattan’s Nolita neighbourhood, with eclectic merchandise for sale like handmade ...

Bloomberg Hudson’s Bay Co., the owner of the Saks Fifth Avenue and Lord & Taylor chains, spiked as much as 14 percent after Reuters reported the company is reviewing its strategic options. The department-store company, which has already hired an investment bank as it responds to pressure from activist shareholder Land & Buildings Investment Management LLC, plans to hire an ...

Bloomberg German automakers must invest more in electric vehicles and take on Elon Musk’s Tesla Inc., Chancellor Angela Merkel’s chief of staff said Saturday. Peter Altmaier said he was thoroughly disappointed by German auto executives following the diesel-emissions scandal and that he was also thinking about the future of the 600,000 employees in the industry. “When is our automobile industry, ...

Bloomberg Jeff Bezos is about to one-up your grocery store loyalty program. Today, millions of consumers get lower prices and other perks in exchange for favouring one store chain over another. Starting Monday, Amazon.com Inc. will lavish its most loyal customers with similar benefits and more when they shop at Whole Foods Market Inc., the high-end grocery chain it’s buying ...