Dubai / Emirates Business To strengthen cooperation in the field of training and mutual recognition of qualifications between the United Arab Emirates and South Korea, NQA received a Korean delegation from Seoul National University and the Korean Institute of Vocational Education and Training (KRIVET), the national institute for research technical and vocational training, studies and qualifications frameworks’ within the ...
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DFZ Council to partner with MoF on prevention of double taxation
Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Free Zone (DFZ) Council, chaired the third council meeting held at the Emirates Office Tower. The session highlighted UAE’s responsibility in seeing through to completion the international agreements signed on the prevention of double taxation. The Council also explored suitable solutions for increasing the ...
Read More »Carrefour to open hypermarket at Abu Dhabi’s Reem Mall
Abu Dhabi / Emirates Business Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has announced Carrefour as the Hypermarket operator in the US$ 1 billion project located on Abu Dhabi’s master planned development Reem Island. Carrefour, operated by Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail ...
Read More »Brexit polls at odds with currency mkts
Bloomberg Britain’s referendum on EU membership entered its final day of campaigning with opinion polls and financial markets at odds about the likely outcome. Money has piled into bets on “Remain†winning over the past week. The pound has surged to a five-month high and an index of betting flows compiled by Oddschecker shows the chance of Brexit has ...
Read More »Lebanese army slowly crushing extremists near Syrian border
ARSAL, Lebanon / ap In a remote corner of Lebanon near the border with Syria, Lebanese troops have been quietly making steady progress, fighting against extremists holed up in the rugged mountains. It is a fight less visible than the US-led war against the IS group in Syria, Iraq and Libya. But hardly a day passes without army artillery ...
Read More »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 ...
Read More »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 ...
Read More »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. ...
Read More »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 ...
Read More »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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