February, 2016

• 22 February

  Bubbles in your coke may help save the planet

  

  Bloomberg Climeworks AG is not the first company to figure out how to suck carbon dioxide out of the air. It may become the first to make money from it at an industrial scale. The Swiss company plans to remove 1,000 metric tons a year of the greenhouse gas from the atmosphere when its first commercial plant starts working this ...

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• 22 February

  Sportifying fashion trends

  

  DPA Puma is planning a turnaround in its fortunes and Rihanna is the key: the German sportswear brand wants to start appealing more to sporty and fashion-conscious women. Bjorn Gulden, the Norwegian chief executive who needs to get the company back on track after a slump in profits last year, sees great potential for growth in the women’s wear market. ...

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• 22 February

  Japan’s marketing baits go cute and cuddly

  

  Bloomberg In the battle for a slice of Japan’s 8.1 trillion yen ($72 billion) retail electricity market, the country’s biggest power companies are lining up against a cuddly bear, a fluffy white dog and a gorilla in a suit. As the country starts fully liberalizing its power market in April, new entrants are using so-called yuru-kyara to lure new customers ...

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• 22 February

  UAE exchange refuses to rest on laurels

  

  Ahmed Elfatairy / EMIRATES BUSINESS How do you evaluate the work of UAE Exchange in the local market? Whatis your growth rate? UAE Exchange is a leading remittance brand. In the UAE it enjoys about 55 to 60% market share. In 2015, we transferred US$13.40 billion from the UAE, registering a growth of 6.55% compared to 2014. We have close ...

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• 22 February

  World’s luxurious experiences at your fingertips

  

  Our Correspondent / Emirates Business Eventissime By Julia, a brand new concept in organising VVIP luxury private events and the brainchild of Julia Baudin has enteredDubai. Julia is a well-known expert in events management with 25 years of experience in promoting France’s image globally and in managing luxury brands in France, USA & Hawaii, French West Indies, St Barthelemy amongst ...

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• 21 February

  ENOC Retail eyes 40% growth in network capacity by 2020

  

  Dubai / Emirates Business The retail business segment of Emirates National Oil Company (ENOC) plans to increase capacity by 40 per cent between 2016 and 2020 across its network of service stations in the UAE. The growth plans include ongoing renovation of two major service stations in Dubai Internet City and Oud Metha and the construction of 54 more stations ...

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• 21 February

  ADNEC adds AED3.47bn to UAE economy

  

  ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) has announced that its impact on the Abu Dhabi economy in 2015 surged by 26% to AED3.47 billion from AED2.76 billion in 2014. This follows a 13% growth in the number of events hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC), which collectively hosted a ...

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• 21 February

  Twin blasts kill 57 in Homs

  

  Beirut/ AFP A double bombing killed at least 57 people in Syria’s Homs on Sunday, as US Secretary of State John Kerry said a provisional deal had been reached on the terms of a ceasefire. World powers have been pushing for a break in fighting that was meant to go into effect by Friday, but have struggled to agree how ...

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• 21 February

  UAE gives push to SMEs to shore up economy

  

  Alkesh Sharma Emirates Business Small and Medium Enterprises (SMEs) are emerging as the lifeline of UAE economy. In 2014-15, the country registered its best economic performance in 44 years by growing its Gross Domestic Product (GDP) to AED1.47 trillion, thanks to 60 percent contribution from the SME sector. Giving a major boost to SMEs, Emirates’ financial institutions, including the major ...

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• 21 February

  Arab world countries need major economic transformation: Experts

  

  Ritika Sharma Emirates Business There is nothing more imperative for Arab leaders than creating job-generating economic growth and initiating formation of an Arab Economic Union. This thought reverberated during the launch of policy recommendations titled ‘Reconfiguring the Arab region and its global space beyond political economy and security threats’. The recommendations were drawn from Beirut Institute Summit held in Abu ...

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