Bloomberg Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after ...

Abu Dhabi / Emirates Business Distinguished Australian designer, Ellery, co-hosted an exclusive event – ELLERY X ETIHAD AIRWAYS – together with the Abu Dhabi-based airline at Mercedes-Benz Fashion Week Australia. The event celebrated ELLERY’s 10th year since showing for the first time at Australian Fashion Week with a retrospective of iconic looks from the ELLERY archive. Etihad Airways celebrated its ...

Bloomberg Burberry Group Plc says a sleeker cut will help Chief Executive Officer Marco Gobbetti lift the brand’s image when he takes over in July. The UK trenchcoat maker said on Thursday that it has sacrificed some sales in the short term in order to strengthen its luxury credentials in a bid to raise profitability down the road. It said ...

Bloomberg Singapore Airlines Ltd., Southeast Asia’s biggest carrier, posted a surprise fourth-quarter loss after making a provision for its cargo unit, while the main carrier had a loss amid competition from budget operators in the region. The carrier reported a net loss of S$138.3 million ($99.3 million), compared with an estimate for a profit for S$54.3 million in a Bloomberg ...

Doha / Emirates Business Leading global business aviation company Deer Jet, presented the world’s first 787 ‘Dream Jet’, with its Middle East debut, making a stopover at Doha International Airport. The ‘flying’ visit is part of a series of showcases across the globe in Deer Jet’s ‘Dreams Encounter the World’ tour of key international charter destinations. Established 22 years ago ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) announced that it has signed an exclusive agreement with Penthol, a global organization in the supply and distribution of oil products and petrochemicals, appointing them as exclusive seller of ADNOC’s Group III base oil into the United States of America (USA). In line with its strategy to maximise ...

ABU DHABI / WAM UAE and Swedish minister have discussed prospects of co-operation in innovation, small and medium-sized enterprises, research and development, R&D, as well as smart cities, as trade between the two countries stood at US$1.1 billion in 2016, according to the Ministry of Economy. As well as underlining cooperation between the two countries in these vital sectors, Abdullah ...

ABU DHABI / Emirates Business HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, discussed ways to further deepen the existing economic and trade ties with the Republic of India during a meeting with a high-level delegation of Indian businessmen and private sector representatives headed Shobana Kamineni, President of the Confederation of Indian Industry (CII). The Minister also ...

ABU DHABI / WAM The UAE stock markets on Wednesday saw a robust rise in the leading shares of the real estate sector at the Dubai Financial Market, with Emaar shares leading at AED7.52, and Etisalat shares registering a significant rise. The largest support for the market came from the Emaar shares that bounced to the level of AED7.52 after ...

DUBAI / WAM Dubai’s trade with Qatar grew 92 percent in the period from 2011 to 2016, reaching AED15 billion last year, according to Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation, PCFC. “The GCC customs union is moving steadily towards a full integration between the GCC countries by supporting ...