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Sunaina Rana / EMIRATES BUSINESS The country’s recent cabinet reshuffle — which aims at economic diversification, reducing oil dependence — will boost the national economy, according to Dr Vasiliki Kostami, a renowned academician and management guru. She emphasised a that the reorganisation targets at bringing about an improvement in the service industry in the country. Citing UAE as an investment ...

RITIKA SHARMA / Emirates Business Gauging the gap in the electronic and automated payment solutions market, Dubai-based tech Giant KeyBS is planning to spread its wings into the African market. The company stated that it is keen to extend the reach through franchise programs in other markets and looks forward to significant growth in the near future due to apparent ...

EMIRATES BUSINESS Google has announced the arrival of Umm Al Quwain in Street View, a feature by Google Maps that will allow users to view and navigate 360 degree street-level imagery of major streets across the city. Street View was launched in May 2007 and is already available in more than 3000 cities across 63 countries around the world. Google ...

Sunaina Rana / EMIRATES BUSINESS dipndip — the world’s fastest growing chocolate cafe — continues its exponential growth as the company has recently signed a $32 million joint venture into the global market. The chocolate cafe has joined forces with Abu Dhabi-based Almed company to expand their business globally into four new territories. The company has 50 cafes in 13 ...

Sunaina Rana / Emirates Business Waking up to the e-commerce boom in the region, Souq.com has announced its new campaign under the tagline: ‘It’s yours.’ Ronaldo Mouchawar, CEO and Co-Founder, Souq.com, told Emirates Business, “Our latest campaign ‘It’s yours.’ aims to reposition Souq.com from electronics focused platform to ‘the online location’ for everyone to find everything they need and the ...

Bloomberg Barack Obama became the first U.S. president to visit Argentina in more than a decade as his counterpart, Mauricio Macri, seeks a rapprochement with the international community following a decade of financial and diplomatic isolation. Obama, arriving from an historic state visit to Cuba, met with Macri and is scheduled to attend a business forum in Buenos Aires before ...

Bloomberg Puerto Rico gained another week to file a proposed rate charge to the island’s energy commission, a fee that would back debt used to restructure about $9 billion owed by its main electric utility. Puerto Rico Electric Power Authority creditors agreed to give officials until March 30 to submit their petition to implement a new customer fee, called a ...

Bloomberg TransCanada Corp. is working with JPMorgan Chase & Co. to find buyers for more than $7 billion in assets to help finance its acquisition of Columbia Pipeline Group Inc., people with knowledge of the matter said. The people asked not to be identified because the information is private. Assets for sale include a portfolio of U.S. Northeast merchant power ...

Sao Paulo / Reuters Brazil’s currency led losses in Latin American markets on concerns that a political crisis threatening President Dilma Rousseff may drag on longer than expected, while the central bank moved to weaken the real for a third straight day. Latin American currencies weakened as traders reconsidered their bets on U.S. monetary policy after Federal Reserve policymakers encouraged ...

Bloomberg After a disastrous 2015, Brazilian stocks and bonds are posting the biggest gains among global peers this year. Speculation that President Dilma Rousseff could soon be ousted, ending a political stalemate that has paralyzed the country, is fueling the rally. Yet, whoever steps into Rousseff’s shoes would face daunting challenges, from closing a crippling budget deficit to pulling Latin ...