News

Bloomberg Lindt & Spruengli AG is challenging Godiva as the Swiss company set a goal of becoming the world’s largest premium chocolate retailer by 2020, bolstering its direct sales to consumers. Lindt plans to open 20 to 30 shops each year, the Kilchberg, Switzerland-based maker of Lindor balls said in a statement on Tuesday as it reported full-year profit growth ...

Bloomberg The US Supreme Court has rejected an appeal from Apple Inc. and left in place a ruling that the company conspired with publishers to raise electronic book prices when it sought to challenge Amazon.com’s dominance of the market. The justices’ order lets stand an appeals court ruling that found Cupertino, California-based Apple violated antitrust laws in 2010. Apple wanted ...

Addis Ababa / Bloomberg Ethiopian Airlines Enterprise, Africa’s largest carrier by revenue, increased its profit by 12 percent to 3.53 billion Ethiopia birr ($165.4 million) in 2014-15 despite declining air traffic on the continent. The fiscal crisis in African oil producers due to the falling crude price, the effects of the Ebola crisis on travel and instability in Africa and ...

ABU DHABI / WAM The first-ever Abu Dhabi Aviation and Aerospace Week (ADAAW) held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, welcomed thousands of executives, exhibitors, and other key stakeholders to the UAE capital since its doors opened on March 6, ...

ABU DHABI / WAM The UAE on Monday signed three more deals worth over AED 1.47 billion with local and International companies on the second day of Unmanned Systems Exhibition and Conference, UMEX 2016, at the Abu Dhabi National Exhibition Centre (ADNEC). The announcement was made at a press conference by Brigadier General Rashid Mohammed Al-Shamsi, Chairman of the Higher ...

ABU DHABI / WAM US Vice President Joseph R. Biden on Monday visited Masdar City as part of his series of official engagements with senior UAE leaders. The visit is the latest milestone in a bilateral relationship that has helped drive global efforts to foster the widespread adoption of renewable energy, the acceleration of clean technology innovation and research as ...

DUBAI / Emirates Business Dubai Electricity and Water Authority’s, DEWA, has organised a training course on Social Return on Investment (SROI) as part of its commitment to training employees and raising their level of awareness about economic and social development, to achieve DEWA’s vision to become a sustainable innovative world-class utility. The course was organised in cooperation with the Institute ...

Ritika Sharma / Emirates Business It is March 8 again. Today, the world unites to recognise and support the role of women in every sphere imaginable. The official United Nation’s theme for the century-old celebration this time is ‘Planet 50-50 by 2030: Step It Up for Gender Equality’. According to the official website of International Women’s Day (IWD), women continue ...

ABU DHABI / WAM The Sawab Centre, a joint online engagement initiative by the governments of the UAE and the US in support of the Global Coalition against IS , has launched a new social media campaign on the social networking sites Twitter and Instagram under the hashtag #HerAchievementsInspireMe. Coinciding with International Women’s Day, on March 8th, the campaign aims ...

SHARJAH / WAM British-owned Advanced Armour Engineering (AAE) has signed a long-term agreement with Sharjah Airport International Free Zone (SAIF Zone) to establish two high-tech factories with a total working area of 50,000 square feet. Specialised in defence and security, transport, architectural metalwork, construction equipment and maritime, AAE exports to over 12 countries and is firmly seen as the partner ...