February, 2016

• 25 February

  China’s richest man eyeing France’s thriving retail space

  

  Beijing / Bloomberg Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. is planning to invest billions of euros in a retail and leisure development outside of Paris, according to two people familiar with the matter. An announcement may come as soon as on Friday, according to the people, who asked not to be identified because the project is confidential. Wang ...

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• 25 February

  Dark side of lucrative mobile industry

  

  AFP As the world’s largest mobile phone fair hosts the “creme de la creme” in Barcelona, activists slam the dark side of a sector accused of ignoring rights abuses in Chinese factories and Congolese mines. “Behind this modern, progressive industry lurk dark themes like labour exploitation or minerals stained with blood that come from conflict zones,” says Alba Trepat, campaigns ...

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• 25 February

  Coffee pods aren’t brewing trouble for planet

  

  Bloomberg Drowsy German bureaucrats in Hamburg will soon have one less option for a mid-afternoon caffeine jolt, after the city banned single-serve coffee machines such as Nespresso from government buildings. The new regulations have a worthy purpose. They hope to defend the environment, under the assumption that the use and disposal of thousands of tiny coffee capsules or pods leads ...

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• 25 February

  Looking beyond dairy

  

  RITIKA SHARMA / EMIRATES BUSINESS Michael Hussey, Bord Bia’s market manager for Middle East Region, opened the brand’s first office in early 2014 to support the Irish food industry in the region. Michael has been with the company since 2001, as senior sector manager with responsibility for the dairy and ingredients sector during which he developed the ‘Origin Green’ marketing ...

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• 25 February

  Organically beautiful !

  

  RITIKA SHARMA/ Emirates Business It started as a home grown grooming brand in 2001 and today it is recognized as one of the largest multi-award winning organically grown companies in the beauty sector. UAE’s largest, award-winning grooming brand, NStyle International is growing in leaps and bounds. With over 30 outlets dotted across the globe, NStyle is looking to open over 50 ...

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• 24 February

  UAE in new development phase

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, who is also the Chairman of the Abu Dhabi Executive Council, has stressed that upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the UAE entered into a new phase of ...

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• 24 February

  RAK Properties posts AED160mn net profit

  

  RAS AL KHAIMAH / WAM RAK Properties reported during its board of directors meeting an impressive 23.5 per cent growth in revenues in 2015. A proposal of dividends distribution of 5% cash for the year 2015 was also recommended by the board and will be presented on the company’s annual general meeting due to be held on March 12th 2016. ...

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• 24 February

  IMF chief lauds economic vibrancy, growth of UAE

  DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), discussed on Wednesday a variety of regional and global economic and financial developments and ways to stimulate growth in developing countries. Sheikh Hamdan and the IMF chief also explored best ...

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• 24 February

  ZHP’s AED300mn house loans

  Dubai / WAM The Zayed Housing Programme (ZHP) has approved the names of 614 UAE nationals entitled for housing loans and grants worth AED309 million. Of these beneficiaries, 531 will receive loans, while 83 others will receive housing grants. This came during the Board of Directors’ second meeting in 2016 chaired by Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister ...

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• 24 February

  Now, pay through your wrist watch!

  Making a secure payment at a suburban fuel station through your wrist watch by just moving your arm before a machine. With Internet of Things (IoT) technology becoming pervasive, this could be a part of your routine exercise. As the number of IoT-enabled devices is expected to reach a whopping 50 billion by 2020, there is a need to attach ...

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