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Amazon captures 5% of US retail spending

Bloomberg Americans last year bought about $200 billion worth of stuff from Amazon and its Whole Foods grocery stores. That figure is based on a Bloomberg Intelligence estimate that Amazon sold about $300 billion in merchandise in 2017 and the company’s report that two-thirds of its revenue comes from the US. If that’s accurate, Amazon.com Inc. captured about 5 percent ...

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The clunky dad shoe gives sneaker makers a swift kick

Bloomberg Dad shoes are clunky, ugly — and the hottest trend in footwear, clomping down the runway at recent shows by luxury houses Louis Vuitton and Balenciaga. The bulked-up sneakers, which can retail for hundreds of dollars a pair, also represent a major challenge for athletic-shoe makers unaccustomed to the volatile world of high fashion. Until recently, companies such as ...

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UAE youth are global role model

ABU DHABI / WAM The United Arab Emirates will, on Sunday, observe “International Youth Day”, highlighting the great importance attached to the welfare and progress of the youth. The UAE Government seeks to empower the young generation and prepare them to contribute to the welfare of the Emirati community by instilling in them leadership qualities and by engaging them in ...

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Saudi is making strenuous efforts to serve pilgrims

KHARTOUM / WAM The Kingdom of Saudi Arabia is making strenuous efforts for the convenience and comfort of millions of pilgrims while performing the fifth pillar of Islam, stated Dr Mohammed Mattar Al Kaabi, Chairman of the General Authority of Islamic Affairs and Endowments, Awqaf, and Head of the UAE Haj Mission. “The KSA warmly welcomes millions of pilgrims and ...

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UAE, Ethiopia keen to boost cooperation in key sectors

ADDIS ABABA / WAM Ethiopian Prime Minister, Abiy Ahmed, received Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and discussed prospects for joint cooperation, especially in vital areas of energy, infrastructure, investment, free industrial zones and civil aviation. While in the capital, Addis Ababa, Al Hashemy held a series of meetings with Ethiopian senior officials, tackling bilateral ...

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UAE condemns attack on security personnel in Jordan

ABU DHABI / WAM The UAE has strongly condemned a vehicle explosion that took place when gendarmerie and public security personnel were taking part in a joint patrol in the Jordanian capital, Amman. “The UAE stands in solidarity with the Hashemite Kingdom of Jordan against any attempts to its security and stability and supports whatever measures it may take to ...

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First UAE-Caribbean forum to promote bilateral ties

HAVANA / WAM Badr Abdullah Al Matroushi, UAE Ambassador to Cuba and Non-Resident Ambassador to Jamaica and Haiti, presented invitations to their respective minsters to take part in the first UAE-Caribbean Forum, due to be held on November 24-26 in Dubai. Al Matroushi, who is also the Representative of the UAE to the Caribbean Islands Nations, emphasised the strong bonds ...

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New registration rules for vintage cars from Oct 1

ABU DHABI / WAM Abu Dhabi Police has announced that as of October 1, new regulations for registering classic vehicles will be implemented after the technical tests and issuance of the insurance policy. Under the new system, the classic vehicles will be classified into two categories — the first of which is a one-year registration for vehicles that can be ...

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Ajman hotel guests up 14% during first half of 2018

AJMAN / WAM The number of guests in Ajman’s hotels increased by 14 percent in the first half of this year compared to the same period last year, supported by increasing efforts to promote the emirate and by Ajman’s success in diversifying its tourism markets, which is reflected in the occupancy rate which grew by five percent. Ajman’s total revenue ...

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Dewa committed to supporting UAE youth

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) affirmed its commitment to supporting Emirati youth by highlighting their role in the comprehensive sustainable development. ‘‘Our plans and initiatives to empower them, build their capacities and unleash their creativity, are inspired by the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

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