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Paris / AFP French luxury goods group Hermes said on Wednesday that net profit rose to skim the billion-euro mark last year despite an economic slowdown in China, the Paris terror attacks and currency fluctuations. Hermes, known for its leather handbags such as the Birkin named for the British singer and its silk square scarves, posted growth across the regions ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday ordered 2,048 houses and 4,495 for citizens in the emirate of Abu Dhabi, following directives from President His Highness Sheikh Khalifa bin Zayed Al Nahyan. These include 1,463 housing units in Abu ...

ABU DHABI / WAM By the end of Q3 of 2015, Abu Dhabi’s GDP (with fixed prices) was about AED200 billion, with a growth rate of 5.5%, compared to the same period during 2014, according to the latest estimates from the Abu Dhabi Statistics Centre. Through the outstanding performance of its activities, the non-oil sector contributed to strengthening Abu Dhabi’s ...

ABU DHABI / WAM Abu Dhabi National Oil Company (ADNOC) will host the 24th Annual Middle East Petroleum and Gas Conference (MPGC 2016) in Abu Dhabi, UAE from April 24-26, 2016. In a company statement, ADNOC said preparations are rapidly gathering steam with ministers, super major CEOs, oil companies’ senior management from ADNOC and its Group of Companies, and other ...

ABU DHABI / WAM Wholesale and retail trade in the UAE is an important sector, constituting more than 11 percent of the gross domestic product(GDP) of the country and nearly 30 percent of the GDP of the Emirate of Dubai. Hamad Buamim, President and CEO, Dubai Chamber, in a statement to Emirates News Agency, WAM, announced that Dubai will host ...

ALKESH SHARMA EMIRATES BUSINESS Smartphone boom seems taking a heavy toll on the traditional slate tablets in the region. This boom is facilitated by affordable smart handsets, priced as low as US$80, and dual-SIM devices. A recent research revealed that tablet shipment in the Middle East and Africa (MEA) region has dipped by 3.1 percent year-on-year in 2015. Total shipment ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, in his capacity as Ruler of Dubai, issued Decree No. 03 of 2016 appointing Majid Saif Al Ghurair as member of the Board of the Dubai Islamic Economy Development Centre, which was formed under Decree No. 42 of 2013.

DUBAI / WAM Wholesale and retail trade in the UAE is an important sector, constituting more than 11 percent of the gross domestic product (GDP) of the country and nearly 30 percent of the GDP of the Emirate of Dubai. Hamad Buamim, President and CEO, Dubai Chamber, in a statement to Emirates News Agency (WAM) announced that Dubai will host ...

DUBAI / Emirates Business The parents of a baby girl, who was born at just 22 weeks and weighted 450 grams at birth, have thanked the medical team of Latifa hospital for nursing their baby back to health and ensuring her survival. Born almost 18 weeks prior to full term, little Aviva N Coutinho, is possibly the most premature baby ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) is celebrating World Water Day with environmental activities to support international efforts to protect natural resources. World Water Day takes place every year on March 22 and this year’s theme is ‘Better water, better jobs.’ World Water Day raises awareness about the importance of sustainable development. “The National Innovation Strategy, launched ...