April, 2016

• 7 April

  Jeff Bezos defends Amazon culture in shareholders note

  San Francisco / AFP Amazon chief executive and founder Jeff Bezos defended his company’s workplace culture and costly growth strategy in a letter to shareholders made public this week. The work atmosphere at Seattle-based Amazon became a hot topic last year after a New York Times article portrayed it as a “hurtful,” Darwinian setting in which employees were pitted against ...

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• 7 April

  Hey kid, where did you spend that money?

  

  New York / AP They might not be old enough to swipe a credit card or take out a loan, but you still need to keep an eye on your little one’s credit. Kids can be victims of identity theft, too, and it often goes unnoticed by parents for years. Typically, a youngster doesn’t find out something is wrong with ...

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• 7 April

  Britain’s Windsor Castle to get a complete makeover!

  

  London / AFP Windsor Castle, a home of Queen Elizabeth II and one of Britain’s most popular tourist attractions, is to get an extensive facelift to improve facilities for visitors. Tourist areas at the medieval castle west of London will be redeveloped at an expected cost of £27 million ($38 million, 33 million euros), said the Royal Collection, which looks ...

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• 7 April

  Preplan for a budget holiday

  

  Relaxnews Planning any holidays to Europe, Asia, or South America this summer? Booking a hotel now could save you 20 percent off the room rate. That’s according to the latest number crunching in a report from TripAdvisor, which breaks down the best time to book hotels in popular destinations around the world this summer. For its report, TripAdvisor analyzed hotel ...

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• 6 April

  Dubai retail market surges to $35.4bn

  

  DUBAI / WAM Dubai’s retailing market size in 2015 is estimated to have reached US$35.4 billion, witnessing sustained annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to an analysis by the Dubai Chamber of Commerce and Industry based on data from Euromonitor International, prepared ahead of the World Retail Congress which will take place ...

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• 6 April

  DMCC to launch high-end tea brand ‘Shay Dubai’

  DUBAI / WAM Ahmed bin Sulayem, executive chairman of the Dubai Multi Commodities Centre (DMCC), revealed on the sidelines of the 6th Global Dubai Tea Forum, the authority’s plans to introduce its own signature high-end tea brand, ‘Shay Dubai’. The new ‘Shay Dubai’ tea will be marketed under different flavours, including Dubai Spirit, Khaliji Blend, and Arabic Breakfast. DMCC is ...

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• 6 April

  Dubai Nasdaq hails Indonesia’s listing of US$2.5 billion Sukuk

  

  DUBAI / WAM Nasdaq Dubai welcomed the listing of two Sukuk issued by the government of Indonesia with a total value of US$2.5 billion. The total nominal value of Sukuk currently listed on Dubai’s exchanges has now reached US$42.31 billion, strengthening its position as the largest centre globally for Islamic bond listings. The listings support the growth of Dubai as ...

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• 6 April

  UAE seeks to invest big in world’s agriculture markets

  

  RICHMOND / WAM Saud Al Nowais, Commercial Counselor at the UAE Embassy in Washington, said that the UAE seeks to strengthen its investments in promising agricultural markets in various countries to serve its goals towards enhancing global food security. Speaking during the eighth annual Governor’s Conference on Agricultural Trade, which was opened by Virginia Governor Terry McAuliffe, Al Nowais said ...

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• 6 April

  Emirates SkyCargo’s freighter network reaches Phnom Penh

  

  DUBAI / WAM Emirates SkyCargo, the freight division of Emirates Airline, further strengthened its extensive route network with the launch of a weekly freighter service to Phnom Penh, Cambodia, starting Wednesday. The new freighter service to Cambodia’s capital is the carrier’s 53rd destination in its worldwide freighter network and the 13th in the Far East. From Phnom Penh, cargo will ...

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• 6 April

  UAE real estate market looks progressive: Experts

  

  RITIKA SHARMA / EMIRATES BUSINESS United Arab Emirates’ real estate market is likely to be resilient and register robust growth despite the slump in oil prices. Enthused with upcoming mega events such as ‘Dubai Expo 2020’ and ‘Qatar FIFA World Cup 2022’, region’s real estate industry is to undergo a full-bodied growth by the end of 2016, experts claim. According ...

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