March, 2016

• 29 March

  Lotte’s founder loses hotel board seat amid family feud

  

  Bloomberg Shin Kyuk Ho, the 93-year-old founder of Korean-Japanese retail giant Lotte Group, has lost his board seat at the family-controlled conglomerate’s lodgings and duty-free sales unit Hotel Lotte Co. amid a leadership struggle between two of his sons. Shin’s term expired on March 28, Lotte Group said in a statement. He had been a board member since 1973, when ...

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• 29 March

  Online tech shopping service Enjoy set to expand

  NEW YORK / AP Enjoy, an online concierge service for gadgets, is expanding beyond San Francisco and New York City nearly a year after it was launched. The startup, founded by former JC Penney CEO and Apple executive Ron Johnson, will be adding certain neighborhoods of Los Angeles this week and then Chicago in May. The service allows customers to ...

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• 29 March

  Virgin America to attract JetBlue, Alaska Air bids

  

  Bloomberg Virgin America Inc. received takeover offers from JetBlue Airways Corp. and Alaska Air Group Inc. after the carrier backed by billionaire Richard Branson put itself up for sale, according to people familiar with the matter. Discussions between Virgin America and the two bidders are ongoing, and a deal could be announced as early as next week, the people said, ...

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• 29 March

  Trash vigilantes wield tech for a clean India

  

  Bloomberg If you were a pile of garbage on the street in India, here’s what might happen to you now: A concerned citizen takes your picture, then sends it by WhatsApp to the smartphone of the garbage police. Khaki-clad cops jump in their vehicles, rush over and order your cleanup. City officials fine the offender and maybe reward the whistle-blower, ...

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• 29 March

  Nothing plain about vanilla

  

  Bloomberg There’s nothing plain about the vanilla market. The price of the bean used to flavour everything from ice cream and chocolate to cola and pastries more than tripled in the past year as output slipped and quality suffered. That should have been a boon for top producer Madagascar, the island nation off Africa’s southeast coast. Instead, the government is ...

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• 29 March

  An expression of luxury

  

  Sunaina Rana / EMIRATES BUSINESS Karim Gerber, Middle East Region Manager of Oris watches, is a real man of action. He is devoted to bring brand’s exclusive and latest collection of timepieces to their customers in the region. Oris is a premium luxury brand of watches and Gerber is no stranger to the rarefied world of luxury. He started his ...

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• 29 March

  Providing efficient, cost-effective logistics

  

  Sunaina Rana / Emirates Business Blue Bell Shipping LLC (BBS) is one of the vertically-integrated logistics management and forwarding company and also one of the longest established shipping companies in the UAE. The company’s experience goes back to over 29 years and it has over the years built up very strong customer-base in the region. Blue Bell Shipping LLC was ...

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• 28 March

  ‘Mushrif Park’ renamed as ‘Mother of the Nation Park’

  ABU DHABI / WAM Pursuant to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ordered changing the name of the ‘Mushrif Central Park’ to the ‘Mother of the Nation Park’. This comes in recognition ...

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• 28 March

  Dubai WTC records 2.74 million visitors

  

  DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Dubai World Trade Centre Authority, on Monday announced the 2015 annual performance results of Dubai World Trade Centre(WTC), highlighting an impressive 12% year-on-year increase in traffic to deliver 2.74 million delegates and attendees, coupled with a ...

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• 28 March

  UAE, Finland sign information exchange pact for ‘tax purposes’

  

  ABU DHABI / WAM The United Arab Emirates and the Republic of Finland signed an agreement on the exchange of information for tax purposes between the two countries. The agreement was signed by Younis Haji Al Khoori, Undersecretary of the Ministry of Finance(MoF), and Riitta Swan, Ambassador of Finland to the UAE; in the presence of Khalid Ali Al Bustani, ...

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