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Indian tycoon takes on Amazon, Walmart

Bloomberg Reliance Industries Ltd. plans to take on the likes of Amazon.com Inc. and Walmart Inc. in India’s retail industry by creating a platform that combines online and conventional shopping. Billionaire Chairman Mukesh Ambani outlined the plan at the company’s annual shareholders’ meeting in Mumbai saying Reliance saw its “biggest growth opportunity in creating a hybrid, online-to-offline new commerce platform.” ...

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Bombardier loses its edge on Embraer after Airbus deal

Bloomberg Bombardier Inc.’s edge over arch-rival Embraer SA didn’t last long. Four days after the Canadian jetmaker completed its tie-up with Airbus SE, Embraer announced its own joint venture with Boeing Co., giving both regional jet makers deep-pocketed partners as they do battle at the low end of the commercial aircraft market. Boeing’s partnership with Embraer is clearly a “direct ...

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Dubai realty deals hit AED111bn in H1

DUBAI / WAM Dubai Land Department (DLD) has revealed that real estate transactions in the emirate for the first half of 2018 reached AED111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease business processes and procedures. According to a report issued ...

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