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  Dubai / Emirates Business Renowned Middle Eastern perfume brand Rasasi is set to introduce a new benchmark in consumer experience, by embarking on a thoroughly elegant redesign of its flagship store in City Centre Deira. To elevate the shopping experience of Rasasi customers, the innovative store introduces a sophisticated design to create an exceptional and imaginative translation of the ...

  Beijing / AFP China and Russia will hold joint naval exercises in the South China Sea in September, Beijing’s defence ministry said Thursday, after an international tribunal invalidated the Asian giant’s extensive claims in the area. The drills will be carried out in the “relevant sea and air of the South China Sea”, defence ministry spokesman Yang Yujun told ...

  Dubai / Emirates Business YPO, the premier chief executive leadership organization in the world, hosted a live Twitter chat with global and regional experts discussing entrepreneurship and business trends in the Middle East. The one-hour event took place in collaboration with Wamda — a platform and community that aims to accelerate entrepreneurship in the region — in an effort ...

  Dubai / Emirates Business Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter of 2016. Aramex’s Net Profits increased by 36% to AED 125.7 million, up from AED 92.5 million in Q2 2015. Revenues were also up 17%, to AED 1,105 million compared to AED 946 ...

  Bloomberg India’s monopoly nuclear power producer is again seeking bids for a new project, this time reissuing tenders that aim to ease concern over a liability law that has so far deterred potential developers. State-run Nuclear Power Corp. of India Ltd. has sought bids from domestic equipment manufacturers to build a 1,400 megawatt power plant at Gorakhpur in the ...

  Bloomberg Pakistan is seeking to build two new oil refineries in a bid to eliminate refined fuel imports within seven years and meet surging demand at home. The refineries, with a planned combined capacity of 24 million tons a year, are going to be built in the provinces of southwestern Balochistan and central Punjab, according to Petroleum Minister Shahid ...

  Bloomberg The euro-area is shaking off the divorce. Economic confidence in the 19-nation region unexpectedly rose this month, indicating the immediate impact of Britain’s vote to leave the European Union may be muted. The same may not be true in the U.K. itself, where the European Commission’s sentiment index plunged to a three-year low and two separate reports showed ...

  London / AFP Royal Dutch Shell’s net profit collapsed in the second quarter on low oil prices, weak refining margins and production outages, the British energy giant said Thursday. Net profits sank 71 percent to $1.175 billion in the three months to June, compared with $3.986 billion in the same part of 2015, Shell announced in a results statement. ...

  Dubai / Emirates Business Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, on Wednesday announced its 1st half results for the period ended June 30, 2016. Figures released on Wednesday show that Group net profit increased to AED 2,004 million, up 11% compared with AED ...

  Dubai / Emirates Business The Emirates Flight Training Academy, the new world class flight training facility developed by Emirates airline to respond to the industry’s growing need for pilots, has signed an agreement with Boeing under which both organisations will collaborate on a comprehensive training curriculum and software infrastructure to support Academy operations. Emirates Flight Training Academy, currently under ...