Uncategorized

  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 ...

  London / AFP Britain’s referendum on European Union membership could go either way, polls indicated on Tuesday, after a day of tearful tributes to slain lawmaker Jo Cox whose brutal murder has overshadowed the campaign. The killing last week sparked accusations of hate-mongering in an already heated battle for votes before the momentous ballot on Thursday that could determine ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) won the Training Initiative of the Year Award from the Emirates Green Building Council, for the Carbon Ambassadors Programme. DEWA sponsors the programme to involve youth in environmental and sustainability issues. Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources at DEWA, received the award ...

  AJMAN / Emirates Business As a result of Ajman’s steady growth, Ajman Sewerage has announced the commencement of two strategic projects, which will enable the utility company to further expand its network coverage while increasing the overall capacity and safety performance of its wastewater collection and transportation system. The projects, which are worth AED 75 million, include the construction ...

  New York / AFP Two days before Britain’s referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face. “We are locked down on this,” said Michael Duvally, spokesman for Goldman Sachs, when ...

  Abu Dhabi / Emirates Business Etihad Cargo, the freight division of Etihad Airways, has been successful at the Air Cargo Week Awards in Shanghai winning the coveted ‘Cargo Airline of the Year’ award. This is the second successive year that the airline has won the award, having collected it in Munich in 2015. The annual awards are voted by ...

  Dubai / Emirates Business Honeywell (NYSE: HON) on Monday announced the results of a first of a kind thermostat pilot program in Sharjah, United Arab Emirates, that indicates mosques in the Middle East have the potential to cut their energy consumption by more than one-third through the use of “smart” thermostats. Honeywell’s VisionPRO 8000 thermostat for mosques, designed with ...

  Abu Dhabi / Emirates Business As the region’s 2015/2016 cruise season has come to a close, Abu Dhabi Ports, (ADP) the master developer, operator and manager of ports and the Khalifa Industrial Zone in the Emirate, released its best ever Cruise Terminal performance figures. With an increase of 16% in passengers and 20% increase in vessel calls, the state-of-the-art Abu ...

  Kabul / AFP A busload of Nepali security guards were among 23 people killed in a string of bombings across Afghanistan on Monday, days after Washington expanded the US military’s authority to strike the insurgents. The Taliban claimed the first attack which killed 14 Nepali security guards working for the Canadian Embassy in Kabul in a massive blast that left ...

  Moscow / Bloomberg Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years. Russia is seeking buyers for 19.5 percent of state oil champion Rosneft OJSC and would prefer a joint deal with the two nations ...