Bloomberg Bed Bath & Beyond Inc fell sharply after reporting that a key measure of sales contracted in December and January, the latest sign the home-furnishings retailer faces a tough road back to growth. “We are experiencing short-term pain in our efforts to stabilise the business, including the pressures of store traffic trends,” Chief Executive Officer Mark Tritton said in ...

ABU DHABI / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, has stressed that the UAE was among the first countries that stocked up sufficient quantities of materials required for state-of-the-art checkups to detect the new coronavirus. More than 500 staff members work round the clock on communication, medical investigations and logistical support related ...

DUBAI / WAM Dubai Investments Park (DIP), unveiled that the master-planned complex, designed and developed to provide immaculate facilities, setting new standards in the region, attracted investments in excess of AED42 billion over two decades, signifying the emergence of DIP as a successful business model, facilitating a conducive environment. Considered one among the largest integrated developments in the Middle East, ...

LONDON / WAM The 19th UAE-UK Taskforce meeting took place on Tuesday in London, co-hosted by Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, and Dr Andrew Murrison, UK Minister of State for the Middle East and North Africa. The high-level UAE delegation, which included officials from the Ministries of Foreign Affairs and International Cooperation, Justice, Defence, ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD), on Tuesday signed a Memorandum of Understanding (MoU) with the United States International Development Finance Corporation (DFC), an independent agency of the US Government. The areas of collaboration outlined by the MoU include the exchange of knowledge and expertise between the two parties especially in the field of financing private ...

ABU DHABI / WAM Importing any type of waterpipe tobacco or electrically heated cigarette plugs that are not marked with ‘Digital Tax Stamps’ will be prohibited across UAE as of March 1, asserted Federal Tax Authority (FTA). The ban is in keeping with the timeline set for launching phase two of ‘Marking Tobacco and Tobacco Products Scheme’, the FTA explained, ...

ABU DHABi / WAM The Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its full year financial results for the year ended December 31, 2019, announcing a net profit up 20.7 percent year-on-year to AED284.3 million. According to Adnic’s press release, gross written premium increased by 29 percent year-on-year to AED3.76 billion and net technical profit increased by 1.6 ...

DUBAI / WAM The Ministry of Community Development launched the “Taaluf Live” service during the UAE Innovation Month of February 2020, a social sustainable development channel that provides family consultations for the first time through the ministry’s Instagram account (mocduae), including regular weekly episodes aimed at promoting communication and direct interaction with the members of the community. The service is ...

ABU DHABI / WAM The Follow-Up Committee of the Initiatives of the UAE President has completed the construction of the AED1.9 billion Mohamed bin Zayed City housing project in Fujairah. The city has been set up in line with the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, under the directives of His Highness Sheikh Mohamed bin ...

DUBAI / WAM Al Jalila Children’s Speciality Hospital, the first and only children’s hospital in the UAE, announced the launch of a new innovative and transparent rating system for all its working outpatient clinics, to allow its customers and patients to give their honest opinion about its services through a questionnaire, whilst publishing the ratings on its website. The hospital ...