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Rival camps battle into eve of historic referendum

  London / AFP Rival sides threw their efforts into the final day of campaigning on Wednesday, on the eve of Britain’s vote on EU membership that will shape the future of Europe. Prime Minister David Cameron conducted a spate of last-minute interviews to get his pro-EU message to voters before polls open at 0600 GMT on Thursday. “Nobody knows ...

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UAE firms ride high on cloud

  ALKESH SHARMA / Emirates Business Cloud computing is the new means for companies to ensure success and beat the throat-cut competition in UAE’s burgeoning business ecosystem. Not only big enterprises but SMEs (small and medium enterprises) and start-ups also are harnessing wonders of the clouds to optimum levels in order to scale new heights. “There are many secure platforms ...

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UAE retail gets a tourism, infra boost

  Sunaina Rana / Emirates Business The UAE, with its rapidly-growing infrastructure and socio-economical factors, has been ranked among the most attractive retail markets around the globe. Tourism in the country also plays a vital role in promoting its retail sector, say experts. A surge in the number of high-end retail malls has also proved lucrative, bringing in foreign investors. ...

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Tencent seals deal to buy Supercell for US$8.6 billion

  Beijing / Bloomberg Tencent Holdings Ltd. will lead an $8.6 billion acquisition of gamemaker Supercell Oy, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal. China’s largest internet company is leading a group that will buy 84 percent of Supercell, including shares held by SoftBank Group Corp. and current and ...

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Canada OKs expansion of pension plan

  Bloomberg Canadian provinces have reached an agreement with the federal government to expand the Canada Pension Plan, adding new payroll taxes to boost benefits while fulfilling a key pledge made by Prime Minister Justin Trudeau in the 2015 election campaign. The expanded CPP is aimed at countering dwindling workplace pension access for younger generations pinched by a weak economy ...

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Car bomb kills 6 Jordan soldiers near Syria border refugee camp

  Amman / AFP A car bomb outside a Syrian refugee camp in Jordan killed six soldiers on Tuesday in a remote desert area where hundreds have been held for screening for suspected links to the IS group. There was no immediate claim for the bombing but Jordan is a leading member of the US-led coalition fighting IS in neighbouring Syria ...

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Brexit vote close to a photo-finish

  Bloomberg Britain’s referendum on European Union membership remained too close to call two days before the vote, with separate polls showing leads for both sides and billionaire investor George Soros warning of a slump in the pound should voters back Brexit. A YouGov poll of 1,652 voters for the Times newspaper published late on Monday showed “Leave” at 44 ...

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UAE hospitality set to boom

  Ritika Sharma / Emirates Business Despite speculations about a slower economy affecting various sectors, the tourism and hospitality industry in the UAE is expected to experience an escalating capacity and exponential growth in the coming months, experts affirm. UAE, which is home to over 200 nationalities, is among the top five countries in the world in regard to the ...

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Tejar Dubai programme launches new commercial project in Hatta

  Dubai / Emirates Business The Tejar Dubai entrepreneurship development programme, a Dubai Chamber of Commerce and Industry initiative, launched its 20th commercial project, Familia Emirati clothes store on Dubai-Oman Highway in Hatta recently. The new commercial project which is the 4th launched by Tejar Dubai this year has come as part of the entrepreneurship development programme’s efforts to support ...

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Apple closer to open India stores after govt eases curbs

  New Delhi / Bloomberg Apple Inc. may be closer to opening stores in India after the government eased onerous local sourcing requirements on retailers. The world’s second-most populous country on Monday announced the easing as part of a raft of measures intended to boost foreign direct investment and expand the leeway afforded multinational corporations. It loosened policies that require ...

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