News

New Delhi / Bloomberg Apple Inc.’s latest attempt to crack the Indian smartphone market — by selling used phones — is meeting a wall of resistance. The iPhone maker is seeking permission to become the first company allowed to import and sell used phones into the country, its second attempt in as many years. This time, the stakes are higher ...

Tokyo / Bloomberg Sharp Corp.’s shares rose after President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal over the weekend that gives the electronics maker a chance to recover from a long slump. The stock climbed 4 percent to close at 130 yen in Tokyo on Monday, while the Nikkei 225 Index was mostly ...

Sydney / Bloomberg Optus, Australia’s second-biggest mobile-phone carrier, plans to cut as many as 480 jobs as it revamps its consumer and enterprise divisions and seeks sustainable growth. The unit of Singapore Telecommunications Ltd. notified affected employees today, with some likely to be offered alternative positions within the company, said a Singtel official who asked not to be identified per ...

ABU DHABI / Emirates Business FGB, one of the leading banks in the UAE, has received the BS OHSAS 18001 Health & Safety Certification by BSI Middle East and Africa. This makes FGB the first bank in the MENA region to have this title, which recognises its ongoing efforts to ensure occupational health and safety in its business environment. The ...

SHARJAH / WAM HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the Kalba public park project at Al Ghail district in Sharjah. The project will include shaded rest houses, BBQ areas, sports facilities and public services utilities. Ali bin Shaeen, Chairman of Sharjah Public Works Department, told the Sharjah Radio that ...

ABU DHABI / WAM An advanced light-emitting diode (LED) technology will replace the conventional incandescent light sources in the 710 kilometre-long federal road network as part of the Ministry of Infrastructure Development’s strategic plan to deliver the UAE Vision 2021 and advance the UAE’s ranking in global competitiveness indices, a source at the Ministry of Infrastructure Development has revealed. LEDs ...

Dubai / Emirates Business In the presence of HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy (DSCE), MD and CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of the World Green Economy Summit (WGES), DEWA organized, in collaboration with Dubai Carbon Centre of Excellence (DCCE) and United Nations Development Programme (UNDP), a ...

Sunaina Rana / Emirates Business Emirates most popular entertainment and leisure destination, Yas Island, is now transforming its growth by developing the most luxurious residential destination. This would act as a key component of the Abu Dhabi Urban Planning Council’s (UPC) Plan Capital 2030. The global and local economic transformations taking place in the present time, the capital’s real estate ...

Sharjah / Emirates Business The health insurance department of Sharjah Health Authority (SHA) conducted an exhaustive training session for all the human resource and finance heads of various departments to further educate them on health insurance policies. The authority has already streamlined the health insurance policies of over 57,200 government employees including their dependents. Under the directive of His Highness ...

RITIKA SHARMA / Emirates Business Apart from their refined sense of style, Emirati women are known worldwide for their penchant for shopping. Testimony to this conception, a recent poll-survey conducted among women living in the UAE has revealed that one-third of Emirati women spend nearly 60 percent or more of their income on general shopping each month The poll results ...