News

  SHARJAH / WAM The Sharjah-Russian Business Forum, being held in Moscow and Saint Petersburg in collaboration with the Chambers of Commerce and Industry of both cities, began on Tuesday at the headquarters of the Chamber of Commerce and Industry of the Russian Federation. The event is held on the sidelines of a visit by a trade delegation to the ...

  ABU DHABI / WAM ADNOC Distribution received ‘Best Payment Innovation of the Year’ and ‘Best Contactless Solution’ awards at the annual Middle East Smart Cards and Payments Awards ceremony held yesterday in Dubai. The company won both awards following stiff competition from major financial institution and government entities in the UAE, Middle East and North Africa (MENA), India, Sri ...

  Dubai / WAM The Jumeirah Group partnered with Brand Dubai and Dubai Culture to unveil 101 luxury golf buggies featuring inspirational Arabic artwork. Guests at Burj Al Arab Jumeirah, Madinat Jumeirah and Jumeirah Beach hotel will soon be travelling between the resorts in these buggies decorated with artwork inspired by the UAE’s heritage and culture. The project sees the ...

  DUBAI / EMIRATES BUSINESS The Middle East and North Africa’s leading shopping mall, retail and leisure pioneer, Majid Al Futtaim, on Wednesday unveiled a strategic development plan that will see the company increase its total investment in the UAE by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion. The investments, which ...

  Tokyo / AFP Japan’s prime minister said on Wednesday that he will delay a consumption tax hike that threatened the fragile economy, but analysts said the move highlighted his failure to spark growth. Shinzo Abe announced his decision to members of the ruling Liberal Democratic Party (LDP) in televised remarks ahead of a press briefing expected around 6:00 pm ...

  London / AFP India’s Tata Steel on Wednesday completed the part-sale of its European assets, safeguarding 4,800 jobs, but thousands more are threatened with no buyer found for the rest of the business. Tata Steel UK announced completion of the sale of its European piping business to Greybull Capital, a British-based family investment firm for an undisclosed sum. The ...

  Beijing / bloomberg Upstart smartphone maker Xiaomi has bought nearly 1,500 patents from US technology giant Microsoft, the companies and reports said, as part of a “global partnership” that will help the Chinese firm expand outside its home market. The patents cover wireless communications, video, cloud and multi-media technologies, Bloomberg News quoted a Xiaomi spokeswoman as saying. “This will ...

  Jakarta / Tribune News Service Farmers in the Pelalawan village of Pelalawan, Pangkalan Kerinci, used to employ the slash and burn method when it came to clearing their land for farmland or rice fields. That approach triggered massive fires as the soil in the village was combustible, especially with peatland at a depth of around 3-9 meters. In a ...

  RITIKA SHARMA / Emirates Business As technology continues to change the way in which payments are made across the Middle East, improved application performance and flexibility are expected to play an important role in making the region’s digital economy mature. Experts at the Cards and Payments Middle East, and its co-located exhibitions — Retail Show Middle East 2016 and ...

  ABU DHABI / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, invited more than 500 local and international suppliers, to a major conference in Abu Dhabi aimed at transforming the traditional buyer and supplier relationship. Hosted by the company’s Procurement and Supply Management team, the theme of the event was ‘Transformation’. The mandate set for ...