Cairo /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Egyptian President Abdel Fattah Al Sisi on Wednesday discussed bilateral relations and a number of regional and international issues of common interest. The talks took place at the Al Ittihadiya Presidential Palace where Al-Sisi ...
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Apple needs ‘local source’ to open India stores
New Delhi / Bloomberg India’s finance minister has ratified a decision that Apple Inc. must meet local sourcing rules to open its own stores, according to people familiar with the matter, dealing what may be a fatal blow to the iPhone maker’s effort to open retail outlets in the country. Minister Arun Jaitley decided to support the decision by ...
Read More »Yemen peace talks ‘closer’ to agreement: UN envoy
Kuwait City / AFP The UN envoy said on Wednesday that Yemen’s warring parties were closer to agreement at peace talks in Kuwait as he headed to New York to brief the Security Council. “We are moving towards a general understanding that encompasses the expectations and visions of the parties,†Ismail Ould Cheikh Ahmed said in a statement. “The discussions ...
Read More »Violent protests overshadow Trump’s Washington victory
Los Angeles / AFP Protesters opposed to Donald Trump hurled rocks and bottles outside a rally he spoke at in New Mexico, the same day the bombastic billionaire won the Republican presidential primary in Washington state. The victory brings Trump, the last Republican standing in the 2016 US presidential race, one major step closer toward clinching his party’s nomination. ...
Read More »World leaders gather in Japan ahead of G7
Ise-Shima / AFP US President Barack Obama arrived in Japan on Wednesday for a Group of Seven summit, kicking off a historic visit that will also take him to the atomic-bombed city of Hiroshima. Obama was joining other leaders from the club of rich democracies for a gathering set to be dominated by the lacklustre state of the global ...
Read More »Mobile phone shipments stutter in region
ALKESH SHARMA / Emirates Business Weakening consumer sentiments and dwindling markets have started taking a toll on various trades in the Middle East region. The mobile phone industry is also experiencing much of the heat, with a recent survey report citing that shipments of phones have declined by over 10 percent during the first quarter of 2016, compared with ...
Read More »Cyber crimes can shake cutomers’ trust in company
RITIKA SHARMA / Emirates Business If you thought that it is just data and money that is at stake during cyber-attacks, think again. In UAE, cyber-crimes expose not only the vulnerability of the company’s security system, but also shake the customers’ confidence and trust. A UAE-centric survey recently reported that companies might lose substantial number of their customers after ...
Read More »UAE taps green tourism for wider avenues
RITIKA SHARMA / Emirates Business Going beyond its regular ‘sun-sand-shopping’ image, UAE is making considerable strides towards eco-tourism and making it a vital part of the buoyant UAE hospitability sector along with the financial diversification. According to World Travel and Tourism Council forecasts, the UAE’s tourism sector is expected to experience annual real growth of about 6.5 percent till 2021, ...
Read More »Eurozone ministers reach vital agreement on Greece debt relief
Brussels / AFP Eurozone ministers reached a vital deal with Greece on Wednesday to unlock bailout cash and start tackling the country’s debt mountain as demanded by the IMF, but analysts warned details are sketchy, spelling trouble further down the road. The agreement unlocks €10.3 billion ($12 billion) in bailout cash that Greece urgently needs to repay big loans to ...
Read More »Energy giant Royal Dutch Shell to axe further 2,200 jobs
London / AFP Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs owing to low oil prices and following its takeover of smaller rival BG Group. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure ...
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