Vodafone CEO Vittorio Colao has negotiated a partial retreat from a tough situation in India on reasonable terms. Given a bloody price war brought on by a new rival, the deal to join forces with Idea Cellular Ltd is smart even though Colao has ceded control without getting a premium. Vodafone Group Plc and Idea said on Monday that ...

  Presumably at the insistence of the U.S. administration, the latest statement from the Group of 20 big economies conspicuously dropped the standard promise to “avoid all forms of protectionism.” It’s worth pausing to understand why that promise was ever worth making, and honoring. The reason is surely not that governments always keep their word. For years they’ve been backsliding ...

  At last, the much heralded date for UK to file divorce papers to leave European Union has been announced. British Prime Minister Theresa May will invoke Article 50 of the Lisbon Treaty, the formal process of leaving the EU, on March 29. It will start the clock on two years period, during which to complete the most important negotiation ...

  Sharjah / Emirates Business As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to Sharjah’s existing and potential investors. The company, established in 2016 through a strategic ...

  Abu Dhabi / WAM Total volume of personal loans in the UAE increased to AED 349.9 billion in February 2017, according to a UAE Central Bank report issued on Tuesday, which affirmed the banks’ continual contribution to the overall wellbeing and growth of the economy. By providing personal and corporate finance facilities, as well as creation of jobs, the UAE ...

  Dubai / WAM The UAE Ministry of Finance has launched the first phase of its awareness and education workshops that will prepare businesses for the new tax system that will be introduced by the end of this year, in the case of excise tax, and early next year for value-added tax, VAT. As the UAE prepares to introduce both taxes ...

  Abu Dhabi / WAM More than 120 government employees and managers, as well as top-tier experts from the private sector, attended a workshop on Future Planning for the Abu Dhabi Digital government. The workshop was hosted by the Abu Dhabi Systems and Information Centre (ADSIC) a government agency responsible for developing and managing the ICT sector in the UAE, which ...

  DUBAI / Emirates Business Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Tuesday launched a new beachfront entertainment destination located at Jumeirah beach near Burj Al Arab in Dubai, that features MGM and Bellagio hotels. Sheikh Mohammed was accompanied by HH Sheikh Hamdan bin Mohammed bin ...

  DUBAI / Emirates Business Dubai developers are all geared to showcase the best of Dubai real estate opportunities to the Chinese investors at the upcoming Dubai Property Show that will be held in Shanghai, China from March 24-26 at Shanghai World Expo Exhibition & Convention Center. This will be the 6th global edition of the popular exhibition which has ...

  ABU DHABI / WAM The UAE showcased its efforts in protecting the youth from cybercrimes during a recent meeting in Kuwait that brought together representatives of relevant authorities from other Gulf Co-operation Council members. Efforts are being made to combine the efforts of various government departments and the society in the UAE to ensure online safety and prevent abuse, ...