Moscow / AFP Russia’s President Vladimir Putin and US counterpart Barack Obama held frank talks on Syria amid US concern over Turkish shelling of Kurdish militia targets in northern Syria days before a ceasefire deal is due to take hold. Putin took the call from Obama and both sides “gave a positive evaluation” of the results of talks in Munich …

RITIKA SHARMA / EMIRATES BUSINESS Dubai Airport Freezone Authority (DAFZA) seems to be turning into a business hotspot for Indian companies. The freezone has reported a 23 percent increase in the number of Indian firms operating within its premises during 2015. Official statistics reveal that India led the list of DAFZA investors last year, accounting for 38 percent of total …

DUBAi / WAM Gulf Navigation Holding, GULFNAV, the Dubai-based shipping company, has achieved a 101% profit growth by the end of year 2015 compared to the previous year. The company released its latest financial statement amidst its strong and consistent financial turnaround and continuous intensified efforts to address creditor concerns. According to GULFNAV’s financial report, its net income reached AED …