Bloomberg Sears Holdings Corp. Chief Executive Officer Eddie Lampert is opening his wallet once again to help keep the struggling retailer in business, a move that could help placate vendors after an uncertain holiday season. Lampert, a hedge fund manager and Sears’s biggest investor, will offer a $200 million letter of credit to the department-store chain through affiliates of …
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Abu Dhabi / Emirates Business Etisalat announced on Monday the launch of ‘eLife Ultimate 1G’ and ‘eLife Premium 500’ plans to enrich the home entertainment experience for its UAE residential customers with eLife TV, Internet and fixed telephone service. Etisalat’s eLife Ultimate 1G customers will enjoy super download speed of 1 Gbps, the highest speed home Internet available in …
Read More »Dubai / Emirates Business 800 Degrees Neapolitan Pizzeria, an Italian concept originating from L.A., unveils its latest branch in Riverland Dubai, a uniquely themed retail and dining destination at the heart of at Dubai Parks and Resorts. Overlooking the river, 800 DEGREES’ new branch hosts a delightful Alfresco seating as well as indoor seating that makes supper time an enchanting …
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Bloomberg After seven decades in the fashion industry, Pierre Cardin will have you know that he’s in no rush to get out. His eponymous label has been for sale for a quarter of a century, though don’t bother haggling over the price: the fashion designer who pioneered brand licensing won’t entertain offers below 1 billion euros ($1.04 billion). “If …
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Abu Dhabi / Emirates Business HE Engineer Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Tatarstan President Rustam Minnikhanov to discuss ways to reinforce their bilateral economic and trade relations and opportunities for mutually beneficial investments. The meeting, which was held at Burj Al Arab Hotel in Dubai, was attended by HE Abdullah bin Ahmed Al Saleh, …
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Dubai / Emirates Business His Excellency Mohammed Al Gergawi, Vice Chairman of the Board of Trustees, and Managing Director of Dubai Future Foundation, emphasized that a positive innovative approach to address future challenges, is the most important learning from HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President Prime Minister and Ruler of Dubai. HE said that His …
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Abu Dhabi / Emirates Business The Abu Dhabi Food Festival (ADFF) 2016 has successfully concluded, having welcomed more than 29,000 visitors and food lovers from the region, contributing to positioning Abu Dhabi as a global culinary hub. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the food festival, which ran from December 5-23 across the emirate, …
Read More »Sharjah / Emirates Business The fourth edition of the Sharjah World Music Festival (SWMF 2017), organised by Furat Qaddouri Music Centre and sponsored by Sharjah Investment and Development Authority (Shurooq), announced that it will be holding an eight-day talent hunt on the sidelines of the event to discover the festival-goers most gifted pianists. The competition, from January 7-14, will …
Read More »Dubai / WAM The Waste Management Department of Dubai Municipality (DM) has collected 27 tonnes of waste from the New Year celebrations sites, which include Burj Khalifa, Business Bay area, Jumeirah beach, Dubai Marina and Dubai Water Canal, in addition to Jumeirah Street. Last year, the Municipality had collected 20 tonnes of waste on the occasion. Abdul Majeed Sifai, Director of …
Read More »Dubai / Emirates Business Dubai-based property developer Shaikhani Group has handed over 224 units in 2016 – a somewhat challenging year for the industry – when the company also announced the AED220 million Gardenia Residency, part of AED2 billion project announcement that will keep the developer busy well beyond Expo 2020. Mahmood Abu Baker Shaikhani, Managing Director of Shaikhani …
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