News

  DUBAI / Emirates Business UNIKAI Foods PJSC, one of the largest dairy food companies in the Arabian Peninsula, entered into an exclusive three-year partnership with Etihad Airways. Valued at AED14.4 million, the agreement makes UNIKAI the sole supplier of long-life juices across the airline’s premier guest lounges and all flight classes. Speaking on the synergy, Neeraj Vohra, CEO, UNIKAI ...

  ABU DHABI / Emirates Business HIMSS Analytics has announced that Cleveland Clinic Abu Dhabi, part of Mubadala’s network of world-class healthcare providers, has achieved the HIMSS Analytics Electronic Medical Record Adoption ModelSM (EMRAMSM) Stage 7, an international benchmark for the use of advanced IT to improve patient care. Cleveland Clinic Abu Dhabi is the first UAE healthcare facility, and ...

  Bloomberg Egypt delayed the introduction of a capital gains tax on equities for three more years, as it tries to attract investors to help ease a hard currency crunch that’s hurting growth. Stocks rose. The postponement was included in a group of tax exemptions decreed by the Supreme Investment Council, the Presidency said in an e-mailed statement late on ...

  AFP Qatar said it expects “100 percent compliance” from businesses by the end of 2016 on a labour reform introduced to ensure the country’s vast migrant workforce receive their salaries on time. Government figures released in Doha on Wednesday to mark the one-year anniversary of the introduction of the Wage Protection System (WPS) show that 1.8 million — around ...

  Tokyo / AP Japanese Prime Minister Shinzo Abe held talks with Myanmar leader Aung San Suu Kyi on Wednesday and pledged 40 billion yen ($390 million) in aid to back her government’s peace process with ethnic minorities, amid growing international concern about reported army attacks on a Muslim group. Abe told Suu Kyi that Japan fully supports her efforts at ...

  Bloomberg Malaysia said it will buy at least four Littoral Mission Ships from China as Prime Minister Najib Razak announced “new steps” in military cooperation between the two countries. Najib oversaw the purchase of the vessels on Tuesday during a state visit to Beijing. While no details were released on the value of the ships, the deal comes after ...

  Bloomberg Sony Pictures Entertainment is planning an initiative with writers in China as part of the film company’s efforts to increase its presence in the world’s second-biggest movie market. The studio, part of Tokyo-based Sony Corp., plans to work with and host established as well as up-and-coming writers, the company said in a statement. Sony executives are participating this ...

  Bloomberg India may ease a deadline to cut pollution from coal-fired power plants blamed for causing the world’s worst air quality amid pressure from generators who say it’s too difficult to implement the $37 billion reforms. The deadline to meet all the new standards may be pushed back beyond the original December 2017 target, said S.D. Dubey, chairman of ...

  Bloomberg German Chancellor Angela Merkel’s government is relaxed about the assurances Britain gave to Nissan Motor Co., viewing attempts to keep the carmaker in the U.K. as inevitable given the expected negative economic fallout of Brexit. British efforts to keep companies based in Britain are understandable as Prime Minister Theresa May has to do what’s needed to prevent the ...

  Bloomberg Brazil’s drought has gotten so bad that the country’s instant-coffee makers, the world’s top suppliers, are no longer entering into new export contracts amid a shortage of the robusta beans needed to make the quick brew. Producers have stopped entering into sales commitments since September because of depleted stockpiles of the beans, according to a Abics, a group ...