March, 2016

• 3 March

  McKesson buys Canada’s Rexall Drugstores for $2.23bn

  

  Bloomberg McKesson Corp. agreed to acquire Rexall Health, Canada’s No. 2 drugstore chain, from its private owner for C$3 billion ($2.23 billion), as the US distributor of medical products expands its presence in Canada. Rexall operates about 470 retail pharmacies, and McKesson said it will maintain the brand in Canada. The acquisition of Rexall from Katz Group is being funded ...

  Read More »
• 3 March

  Costco profit drops as demand wanes

  

  Washington / Bloomberg Costco Wholesale Corp. posted second-quarter earnings that trailed analysts’ estimates as higher-income shoppers show signs of curtailing spending. Net income fell 8.7 percent to $546 million, or $1.24 a share, the Issaquah, Washington-based company said in a statement. Analysts estimated $1.28 a share, on average. Same-store sales in the US, a closely watched measure by investors, increased ...

  Read More »
• 3 March

  Havana top destination as US airlines vie for Cuba

  

  NEW YORK / AP US airlines are looking to serve Cuba primarily from their large hub cities, with Havana being the most popular destination. At least eight carriers submitted applications to the US Department of Transportation (DOT) outlining what routes they would like to fly. The government will spend the next few months reviewing the requests and is expected to ...

  Read More »
• 3 March

  Mama Fu’s dishes out Pan-Asian cuisine to Emirates

  

  Sunaina Rana / EMIRATES BUSINESS Mama Fu’s Asian House, the USA-based restaurant concept specialising in fresh and innovative Asian cuisine, launches its first international location in the UAE this November. Mama Fu’s promises a new gastronomic experience offering an inventive menu inspired by the cuisines of Vietnam, Korea, China, Japan, and Thailand. The brand is all set to launch a ...

  Read More »
• 3 March

  City Chic extends plus-size style to UAE’s women

  

  Our Correspondent / EMIRATES BUSINESS Fashion conscious women seeking style in the 14+ range now have three new outlets dedicated to catering to their fashion requirements in the UAE. City Chic, the leading global plus size brand, is opening a trio of new stores in the country, making its popular range of plus size clothing available to customers in the ...

  Read More »
• 2 March

  UAE believes in human resources: Mohamed

  

  Abu Dhabi / WAM The United Arab Emirates, under the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has strongly believed in the importance of its human resources in all fields, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said on Wednesday. ...

  Read More »
• 2 March

  Mohammed tours 41st ME Electricity Exhibition

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Wednesday visited the 41st Middle East Electricity Exhibition, which is being held at the Dubai World Trade Centre. His Highness Sheikh Mohammed toured the exhibition, in which nearly 1,500 companies from 56 countries, including the UAE, are participating, to ...

  Read More »
• 2 March

  Shurooq to launch Sharjah food fest

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) is preparing to launch the 10th edition of Sharjah Food Festival. It will take place from March 31 to April 9, daily from 5:00 p.m. to 11:00 p.m. in four locations across Sharjah: Al Qasba, Al Majaz Waterfront, Al Montazah and Heart of Sharjah. This year, the festival will include many ...

  Read More »
• 2 March

  DHA’s body approves 2,500 parking permits for people with special needs

  DUBAI / Emirates Business The Dubai Health Authority’s (DHA) General Medical Committee has approved more than 2,500 requests for special parking permits for people with disabilities, said a top health official. Dr Khaldoon Walid Nabhan, Senior Medical Audit Analyst and Vice Chairperson of the General Medical Committee (GMC) at the DHA said that from 2009 until 2015, the GMC has ...

  Read More »
• 2 March

  DEC to benefit from S Korean experience in innovation

  

  Dubai / WAM Hani Rashid Al Hamli, Secretary-General of the Dubai Economic Council (DEC) has said that Dubai has adopted an “innovation” approach for its development agenda, and there are several institutions in Dubai that are actively working to stoke this trend and turn the city towards being at the forefront of the world’s economies in innovation. He also said ...

  Read More »