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Steinhoff rejects dishonesty allegations

Bloomberg Steinhoff International Holdings NV rejected allegations of dishonesty made in a Manager-Magazin report that Chief Executive Officer Markus Jooste is among employees being investigated by German prosecutors in a 2015 case linked to possible accounting fraud. Substantial information in the article is “wrong or misleading,” the South African furniture and clothing retailer said. Referring to the start of the ...

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‘We salute sacrifice of martyrs’ mothers’

Abu Dhabi / WAM The celebration of Emirati Women’s Day reflects the UAE leadership’s profound belief in the contributions of women and their role in the country’s development, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region. In a statement to mark the day, Sheikh Hamdan said that since the establishment of the UAE ...

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Libya’s crude production suffers setback as more fields halt output

Bloomberg Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production. El Feel, or Elephant, stopped production, Wessam Al-Messmari, an office manager for the Petroleum Facilities Guard that is protecting the field, said Sunday by phone. State-run National Oil Corp. declared ...

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