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DLD inks deal with Mashreq for real estate promotion

Dubai / Emirates Business Dubai Land Department (DLD) announced that it signed an agreement with Mashreq Bank concerning banking solutions for the transaction services of the ‘Tarweej’ real estate promotion initiative. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq Bank. Commenting on the ...

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NMC, EPA develop new strategies to support UAE’s publishing industry

Sharjah / WAM The National Media Council (NMC), and the Emirates Publishers Association (EPA), held a meeting to discuss the future of the UAE and global publishing industry. Hosted in Multaqa Al Qasba, Sharjah, the discussion explored the means for future collaboration between the two bodies that would help the publishing sectors in the UAE and abroad to develop their ...

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Curtains down on Materials Handling Middle East

DUBAI / Emirates Business The Middle East’s dedicated trade fair for intralogistics, supply chain management, freight and cargo concluded recently, bringing a successful end to three-days of busy networking and discussions of the latest trends and innovations in the market today. Materials Handling Middle East 2017 featured 126 exhibitors from 21 countries, and welcomed 3,300 visitors from 50 countries at ...

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Trump vows to seek allies on North Korea, Iran

Bloomberg ­­­­­­­­­­­­­­­ President Donald Trump will embark on a whirlwind series of meetings next week at the United Nations General Assembly to make two big asks of the world: Stand with us against North Korea, and hold the line against Iran’s nuclear programme. Over the course of four days, beginning on Monday, Trump will engage in a speed round of ...

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India’s NTPC triples gas use amid power supply shortages

Bloomberg NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation. Plant utilisation at NTPC’s gas-fired stations has almost tripled to 60 percent in the past three to four days, said the officials, who asked not ...

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‘Chocolate fries’ come to McDonald’s Japan rescue

Bloomberg McDonald’s Japan took a series of hits starting in 2014 that threatened to crack its Golden Arches: a supplier was selling expired chicken, a human tooth was found in french fries and a child was injured by a plastic shard inside a sundae. Sales plummeted to their lowest since the company went public in 2001, and the chain closed ...

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EU working on digital tax to stem outflow of ‘bags of money’

­­­­­­­­­­­Bloomberg European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc. and Facebook Inc. to raise money from an industry that they say provides less than it should to public coffers. French Finance Minister Bruno Le Maire told colleagues at a meeting in Tallinn, Estonia, that the bloc should agree to a tax ...

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Registering rental homes on Airbnb a must from Oct 2

Bloomberg Paris authorities will make it mandatory for all landlords renting their homes through Airbnb Inc. and other online platforms to register before offering lodging, as the city seeks to increase control and crack down on those who unlawfully rent, Le Figaro reported. The measure is meant to curb a housing shortage in the city, the newspaper said, citing the ...

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Dusting off Swiss watch icon, LVMH’s Zenith embraces taboos

Bloomberg A dusty attic at the Zenith watch factory in Switzerland bears witness to the company’s near-death experience and rebirth. Four decades ago, a gutsy foreman hid the dies and punches used to shape the myriad tiny parts that make up a mechanical timepiece, defying orders from the US owners to junk them. The move saved the company when the ...

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VP okays decision to determine community service mechanisms

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, addressed over a million students in the UAE and congratulated them on the beginning of the academic year. The UAE Cabinet also praised the ease in which the 2017 – 2018 school year began. The Cabinet also commended ...

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