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Skip the checkout line with ‘Primo’

  Bloomberg In the 2003 documentary Living With Michael Jackson, the late King of Pop was filmed shopping for art and furniture in a Las Vegas store, pointing at things he liked and walking out, leaving his handlers to settle the bill. Now, a startup in Japan is trying to make that retail experience a reality for everyone. Primo’s app ...

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Apple hits out at Aussie banks over Apple Pay boycott motive

  Bloomberg Apple Inc. has stepped up its battle with Australia’s banking industry over the future of mobile payments, accusing an industry consortium of attempting to “delay or even block” the expansion of Apple Pay into the country. In its latest submission to the Australian Competition & Consumer Commission, Apple said it was concerned banks are seeking to “delay the ...

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Egypt, Dubai stock markets up; Kuwait’s pull-back deepens

  DUBAI / Reuters Strong corporate earnings in Egypt and Dubai buoyed those markets on Tuesday, while Kuwait continued pulling back on profit-taking after a bullish run last month. Cairo’s Palm Hills Development soared 9.2 percent to 3.08 Egyptian pounds after it reported fourth-quarter consolidated net profit after minority interests of 235 million pounds ($12.7 million) versus 169 million pounds ...

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US shares climb as Dow sets record on industrial-stock rally

  Bloomberg U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health. The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The ...

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Discounts on Turkish stocks show rally has legs, GAM’s Love says

  Bloomberg Turkish stocks could still have another 10 percent to gain, despite a rally so far this year that has propelled them to a place at the top of global indexes. A combination of depressed valuations, central-bank efforts to support a declining currency and improved sentiment toward riskier assets has driven the benchmark Borsa Istanbul 100 Index 12 percent ...

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Mohammed: Future is in hands of UAE youth

  DUBAI / WAM The future is in the hands of UAE youth, and they are the bet of the country for a brighter future, said Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, during a toured on Tuesday of the Youth Achievements Exhibition. The event is organised ...

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MoF to highlight UAE’s financial, economic model at WGS 2017

  DUBAI / WAM Ministry of Finance (MoF) will highlight UAE’s leading financial and economic model and the importance of strengthening financial ties with the Arab nations and others during the World Government Summit (WGS) 2017. The summit which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the ...

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DSCE reviews progress on key clean energy projects

  DUBAI / WAM Dubai Supreme Council of Energy (DSCE) reviewed progress on several key projects, initiatives and programmes, including the World Green Economy Organisation, a hydroelectric power station in Hatta, and the Dubai Green Mobility initiative. This came up at council’s 43rd meeting, which was chaired by Saeed Mohammed Al Tayer, Vice Chairman of DSCE. The meeting discussed important ...

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Sharjah named among top 10 cities for connectivity

  Sharjah / Emirates Business An independent survey covering the most powerful and dynamic global economies, has named Sharjah as one of the top ten cities in the world for connectivity. Ranked at number six, Sharjah comes ahead of Frankfurt, Manchester, Miami and Dubai, reflecting its superb regional infrastructure and attraction as a business destination for foreign investors. Announcing the ...

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RTA completes Phase I of rails infrastructure system

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) said its key unit Rails Agency completed the Phase One of the Rails Infrastructure Maintenance Management System Project (RIMMS) which involves the compiling of a comprehensive database. The project, which plays a key role in leveraging the performance of Dubai Metro and Tram and upgrading the services on offer to various ...

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