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Athens / AFP An assessment of Greece’s attempts to reform its struggling economy is being held up by disagreements between the European Union and the IMF, Prime Minister Alexis Tsipras has said. “Negotiations on the reform plan have fallen behind, which is in nobody’s interest,” he said on Sunday, cited by the Avghi daily, close to Tspiras’ Syriza party. Greece ...

Bangui / AFP Voters in the Central African Republic were casting their ballots on Sunday in delayed legislative elections and a presidential run-off which they hope will bring peace after the country’s worst sectarian violence since independence in 1960. The nation, dogged by coups, violence and misrule since winning independence from France, could take a step towards rebirth if the ...

Brussels / AP The quest to prevent Britain crashing out of the European Union faces its moment of truth this week, with EU chief Donald Tusk touring key capitals in a final push for a deal at a crucial Brussels summit. Many of Prime Minister David Cameron’s demands for reforms ahead of a referendum on Britain’s membership of the crisis-hit ...

Ritika Sharma / Emirates Business India has yet again cemented its position as one of the major business allies for the UAE. Dubai Airport Freezone Authority (DAFZA) has reported a strong year for Indian companies in the freezone. DAFZA has reported a 23 percent increase in the number of Indian companies operating within the freezone during 2015. Official statistics reveal ...

Sunaina Rana / Emirates Business With the fast spreading off-roading tracks and soaring number of off-roading enthusiasts in the region, Chevrolet eyes a good share of the industry. Company has launched Chevrolet Tahoe Z71, which gives a chance to break away from the regular hustle and bustle of daily life with conciliation refinement for off-road capabilities. The new 2016 Chevrolet ...

DUBAI / Emirates Business Drake & Scull International PJSC (DSI) announced its preliminary un-audited financial results for the fiscal year 2015 ended December 31. In the midst of a prolonged slowdown in the regional construction sector, DSI continued to execute its projects on schedule and reported revenue of AED 1.4 billion in Q4 2015 compared to AED 1.1 billion reported ...

Dubai / Emirates Business The art of being a skilled barber and the science behind the close shave, will be brought into sharp focus at the inaugural UAE Best Shaver & Best Barber Competitions at Beautyworld Middle East 2016. Analysts estimate that the global market for male grooming in 2015 was worth $20.3 billion and this is estimated to grow ...

DUBAI / Emirates Business Oman Insurance Company strikes a double win at the MENA Insurance Awards 2016 in Dubai, where they received the Commercial Lines Insurer and the Most Innovative Insurer – Product awards. Oman Insurance Company strikes a double win at the MENA Insurance Awards 2016 in Dubai, where they received the Commercial Lines Insurer and the Most Innovative ...

Dubai / Emirates Business UAE’s real estate sector is expected to soften further in 2016 due to the widening gap between the demand and supply ratio, says Chestertons, the international property agency. The company also stated that developers should consider projects within the ‘affordable segment’ to further support this sector. “The industry should strike the right balance between demand and ...

Ritika Sharma / Emirates Business Acknowledging the exponentially growing consumer demand for frozen yogurt in the Middle East, US bestselling Orange Leaf frozen yogurt brand has joined hands with the UAE based Two Spoons. Under the partnership, Orange Lead has opened two outlets in the Emirates and will open 25 outlets across the Middle East. Fans of frozen yogurt flavours ...