March, 2016

• 28 March

  Amazon to Flipkart clash in India’s nascent e-commerce market

  

  Bloomberg Craigslist could learn a thing or two from Quikr. The Indian equivalent of the free classifieds service publishes product ratings, handles payments and shipping and — crucially — releases payment only after a buyer gives their purchase a once-over and a virtual thumbs-up. In so doing, the site that lists for sale everything from smartphones to cars is trying ...

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• 28 March

  Fairfax to buy Bangalore Airport stake for $322mn from GVK

  

  Bloomberg Indian airport operator GVK Power & Infrastructure Ltd. said it sold a stake in its Bengaluru aerodrome to Fairfax Financial Holdings Ltd., helping cut debt. The shares rose. Fairfax will buy 33 percent of Bangalore International Airport Ltd. for 21.49 billion rupees ($322 million), GVK said in a statement to the Mumbai stock exchange on Monday. GVK, which also ...

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• 28 March

  Heinz Beck’s interpretation of Italian classics

  

  SUNAINA RANA / EMIRATES BUSINESS Taste of Italy by Heinz Beck is Dubai’s exciting new casual dining offering and one that is creating a well-deserved buzz among the city’s discerning gourmands who are seeking a more interactive eating venture. The restaurant is located in the heart of Jumeirah at Galleria Mall on Al Wasl road, Dubai. Chef Heinz Beck, founder ...

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• 28 March

  Built with compassion and generosity

  

  Sunaina Rana / EMIRATES BUSINESS The Urban Yogi offers you a sustainable eclectic mix of home style, luxury furniture and accessories. It is local grown brand, offering its customers array of unique and conventional pieces of decoration or furniture to adorn your adobe. Nisha Verman Shetty founder and CEO of this distinctive brand in 2012, The Urban Yogi dominates urban ...

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• 27 March

  69 die in Pakistan blast

  

  Lahore / Agencies At least 69 people were killed and more than 300 injured when an apparent suicide bomb ripped through the parking lot of a crowded park in the Pakistani city of Lahore where Christians were celebrating Easter on Sunday, officials said. Dozens of ambulances raced to the park, situated near the centre of the city of around 8 ...

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• 27 March

  Dubai Trade, Nakheel deal brings ‘Rosoom’ to customers

  

  Dubai / EMIRATES BUSINESS As part of its commitment to Dubai’s smart city vision, Dubai Trade, the premier cross-border trade facilitator, partnered with Nakheel to offer its Rosoom online payment services to the developer’s 45,000 customers. The partnership allows Nakheel customers to use ‘Rosoom’ as a convenient, online payment system to pay service charges for owner associations, community management and ...

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• 27 March

  ADX disburses Union National Bank’s AED550mn dividends

  

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Securities Exchange (ADX) announced on Sunday that it has distributed the first cash dividends on behalf of one of its listed companies through distributing the dividends of the shareholders of the Union National Bank (UNB) on the Bank’s behalf. Thus, the Union National Bank became the first listed company in the United Arab ...

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• 27 March

  Economy Minister, Dutch envoy discuss ways to boost trade ties

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, on Sunday met Frank Mollen, Ambassador of the Kingdom of the Netherlands to the UAE. The meeting was attended by Lucille Merks, Deputy Head of Mission at the Netherlands Embassy, and Tareq Al-Marzouqi, Director of Government Communication, Minister of Economy. During the meeting, they discussed cooperation between the ...

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• 27 March

  META mobility spending to reach $185bn

  

  ALKESH SHARMA / EMIRATES BUSINESS Enthused by the huge capital inflow and enhanced shopper expenditure on mobile devices, software and related services, the annual spending on mobility across the Middle East, Turkey, and Africa (META) region is expected to reach a whopping $185 billion by 2019. This constitutes a 10.2 percent share of worldwide enterprises and individual consumer spending that ...

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• 27 March

  Mashreq ‘best’ for super-affluent

  

  RITIKA SHARMA EMIRATES BUSINESS Mashreq, one of UAE’s leading financial institutions, was selected ‘Best Private Bank for Super Affluent Clients in the UAE in the prestigious Euromoney’s 13th annual private banking survey for 2016. “Awarding Mashreq with the prestigious title of ‘Best Private Bank for Super Affluent Clients in the UAE’ reflects our position as a key player in the ...

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