Bloomberg Tesco Plc is hitting back at Amazon.com Inc and discounters that are stealing its lunch by borrowing from the US e-commerce giant’s own playbook. Britain’s largest retailer this month introduced Clubcard Plus, a subscription-based loyalty plan where customers pay a monthly fee to receive special deals. It expands on Tesco’s existing points-based system with a business model more in …

DUBAI / WAM The Dubai Diamond Exchange (DDE) – a subsidiary of DMCC, the Government of Dubai Authority on commodities trade and enterprise – announced on Monday that it had successfully hosted one of the largest rough diamond tenders ever to take place in the UAE. Stargems – a DMCC-registered international diamond company with interests in all aspects of the …

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced that it has signed an agreement with Xinfa to supply bauxite from its Guinea Alumina Corporation (GAC), bauxite mine in the Republic of Guinea to the Chinese company for the next five years. Under the agreement, EGA will supply Xinfa with millions of tonnes of bauxite each year from …