Bloomberg Telkom SA SOC Ltd. said first-half earnings rose 20 percent as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were 3.36 rand in the six months through September, the Pretoria-based company said in a statement on Tuesday. That was in the middle of a range forecast ...

  Bloomberg British mobile phone giant Vodafone on Tuesday said its first-half net loss doubled to more than 5.0 billion euros owing to a huge writedown for its Indian unit. Vodafone said its loss after tax soared to 5.1 billion euros ($5.5 billion) in the six months to September 30 compared with a net loss of 2.5 billion euros one ...

  Bloomberg Warren Buffett’s Berkshire Hathaway Inc. bet on the biggest US airlines, reversing decades of aversion to the industry. Berkshire held 21.8 million shares of American Airlines Group Inc. as of Sept. 30, valued at almost $800 million at the time, according to a regulatory filing from the billionaire’s Omaha, Nebraska-based business. Buffett’s company also reported 6.33 million shares ...

  Sharjah / Emirates Business Hotels and hotel apartments across the Emirate of Sharjah welcomed a combined 1,318,748 guests in the first nine months of 2016 (January to September). The Sharjah Commerce and Tourism Development Authority (SCTDA) released the statistics as it took part in the World Travel Market (WTM) in London on November 7-9. The Authority headed a delegation ...

  Dubai / Emirates Business A high-profile delegation from the Dubai Airport Freezone Authority (DAFZA) discussed promising investment opportunities abounding in Dubai with the Japanese business community during a series of seminars held recently in Japan. Japanese decision-makers, investors and entrepreneurs in attendance applauded the pivotal role played by DAFZA as a leading platform and ideal gateway for Japanese companies ...

  DUBAI / WAM The results of this year’s Arab Knowledge Index will be announced at the Knowledge Summit 2016, to be held between December, 5-7 at the Grand Hyatt Dubai hotel. The summit’s theme for 2016 is “Knowledge Present and Future”. The event is being organised by Mohammed bin Rashid Al Maktoum Foundation, MBRF, a member of the Mohammed bin ...

  Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced an AED 500,000 contribution from its Zakat Fund to Dar El Ber Society, as part of its commitment to support the Society’s special committee that supports underprivileged families and individuals. Awatif Al Harmoodi, General Manager, Operational Quality and Processes at Emirates Islamic, presented the ...

  Dubai / Emirates Business As part of the Innovation Week of UAE, the Ministry of Finance (MoF) announced the launch dates for the ‘Innovation Festival’ which will take place on November 21-22. This initiative is aligned with the directives of HH Sheikh Khalifa Bin Zayed Al Nahyan, the President of UAE and encapsulates the national innovation strategy launched by ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, delivered a message on the occasion of the International Day of Tolerance in which he highlighted the values cherished by the UAE community. Following is the full text of the message: To my brothers and sisters, may peace be upon ...

  Abu Dhabi / WAM The UAE has become a global capital for tolerance, affection and co-existence due to its persistent efforts to promote values of tolerance, peaceful co-existence, collaboration, solidarity and respect for cultural diversity, acceptance of others and abhorrence of violence, hatred, discrimination and bigotry, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region. ...