News

  Dubai / Emirates Business Global shipping, logistics and marine service provider GAC has announced two new appointments within its Group Management team. HÃ¥kan Wester takes on the new role of Group Vice President – Strategy & Planning, and is charged with coordination and supporting the implementation of GAC strategy throughout the Group’s operations in more than 50 countries around ...

Dubai / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) has updated its regulations surrounding holiday homes to become more competitive, with the most significant amendments positively impacting individual owners and better enhancing the emirate’s holiday home segment through greater transparency, safety, standardisation and competitiveness. Under the new resolution, private home owners can apply for a holiday ...

  Sharjah / Emirates Business Under the patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Environment and Protected Areas Authority in Sharjah (EPAA) honoured the winners of the 4th Sharjah Sustainability Award 2016. The award ceremony was held at the Sharjah Cultural Palace, on Thursday, and ...

  Umm Al Quwain / Emirates Business The Government of Umm Al Quwain and Sobha Group, a leading luxury real estate developer, announced the launch of “Firdous Sobha”, an integrated world-class resort and residential island development in Umm Al Quwain. Aimed at setting new heights in destination living, the agreement will see the two parties collaborate to develop an island ...

  Sunaina Rana / Emirates Business Abu Dhabi-based National Central Cooling Company, Tabreed announced an increase in its 2016 first quarter results. Tabreed has witnessed a robust growth of 4 percent and posted AED63 million in their quarterly financial results. Considering the financial performance of the company, it seems to continue its drive towards strong and effective operations across the ...

  Dubai / Emirates Business Mashreq ‘Salaam Rewards’ Customer Loyalty Program by Mashreq, UAE’s leading financial institution, was awarded two of the top awards for its continued efforts to offer enhanced customer experience; “Best Customer Experience Initiative” award at this year’s MEFTECH Innovation Awards – one of the MENA regions’ largest and most prestigious financial innovation gatherings and “Best Customer ...

  Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Global Initiatives – announced the expansion of its knowledge initiatives and projects to consolidate its efforts in the dissemination, transfer and localization of knowledge in the region. The enhanced initiatives were unveiled in line with the announcement of His Highness ...

  ASTANA /EMIRATES BUSINESS Prime Minister of Kazakhstan Karim Massimov, on Thursday, opened the 7th session of the Ministerial Conference of the Organization of Islamic Cooperation (OIC) for food security and development of agriculture. Kazakhstan’s candidacy for the post of chairman of the General Assembly of the Islamic Organization for Food Security was endorsed at the session. Karim noted Islamic ...

  Tokyo / AFP Sony posted a $1.4 billion annual profit on Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices. The company’s full-year profit —only its second since the 2008 global financial crisis preceded years of eye-watering losses —may be ...

  Seoul / AFP Booming sales of home appliances and televisions helped South Korea’s LG Electronics report a surge in first-quarter profits on Thursday, despite a continued slump in smartphone sales. Net income for January to March amounted to 198 billion won ($173.9 million), up 415 percent from a year ago, the Seoul-based company said in a statement. The tech ...