Dubai / Emirates Business Yoox Net-a-Porter, the world’s leading online luxury fashion retailer, announced a $138 million joint venture with Symphony Investments, an entity controlled by Mohamed Alabbar, to create the Middle East’s undisputed leader for online luxury retail, in a partnership that will draw on the region’s enormous growth potential. The partnership will see Mohamed Alabbar focus his …
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Dubai / Emirates Business Dubai Customs launched on Monday the Smart Workplace Platform, the latest innovative initiative that comes as part of Dubai Customs’ efforts to materialize the vision and directives of the UAE wise leadership in instilling innovation as a fixed approach and a daily practice in order to achieve the move towards a full smart government following …
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Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is preparing to welcome 200,000 Chinese visitors to the emirate of Sharjah by 2021, according to a statement. HE Khalid Jasim Al Midfa Chairman of SCTDA, explained that China is major international source market for tourism and commerce. Hotels welcomed over 75,000 Chinese visitors during the first three …
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Aleppo /AFP Syria’s rebels lost all the northern neighbourhoods of their stronghold in east Aleppo on Monday, as the army made significant advances in its offensive to recapture the entire city. The regime’s gains have prompted an exodus of desperate civilians, most fleeing to districts held by the government or Kurdish forces, others heading south into areas still under …
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AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, …
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Bloomberg India’s biggest tractor maker said it will extend assistance to farmers affected by the banknote crisis to tide them over the planting season. Mahindra & Mahindra Ltd. will help farmers with servicing for their tractors, buying of seeds and give some leeway on loans and advances, Managing Director Pawan Goenka said in an interview last week. “While loss …
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Bloomberg Brexit is going to cause the British economy to slow less than originally thought, according to the OECD. The Paris-based Organization for Economic Cooperation and Development revised up its UK growth forecasts to 2 percent from 1.8 percent this year, and to 1.2 percent from 1 percent in 2017, according to its November Economic Outlook. An inflation-induced pinch …
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Chernobyl / AFP The world’s largest metal moveable structure will be unveiled on Tuesday over the Chernobyl nuclear power plant’s doomed fourth reactor in Ukraine to ensure the safety of future generations across Europe. The giant arch — nearly as long as two football pitches and taller than New York’s Statue of Liberty — will edge into place over …
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ABU DHABI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Sunday the Formula 1 Etihad Airways Abu Dhabi Grand Prix, …
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Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Sunday approved ‘Dubai Street Museum’ project, a new public art project that seeks to highlight Dubai’s unique identity, values and aspirations. Spearheaded by Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), …
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