May, 2016

• 29 May

  Chai brews its way into Silicon Valley coffee culture

  

    San Francisco / AFP In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai. Chawla was on a break from his job as an engineering manager at San Francisco-based cloud-computing star Salesforce when he began lamenting how tough it was to find a cup of chai as ...

  Read More »
• 29 May

  Offering authentic and unique art

  

    Our Correspondent/ Emirates Business Saeid and Luisa Momtahan, founders of Craft By Two, have explored different sectors that could include elements like designing, photography, plumbing, and craftsmanship. Now working together for many years, the duo have been in the creative field for the past 20 years. The couple has a background of engineering and computer science, where their passion ...

  Read More »
• 29 May

  Quality, taste and pleasure

  

    Our Correspondent / EMIRATES BUSINESS Nestle’s heritage in the Middle East goes back over 80 years to 1934 when the first import operation was set up in Lebanon. Building a foundation of trust among consumers has since made the company the region’s leading nutrition, health and wellness company. Nestle owns and operates 18 factories that cater to the region, ...

  Read More »
• 28 May

  Sharjah Islamic Bank repays $400mn sukuk

    Sharjah / EMIRATES BUSINESS Sharjah Islamic Bank (SIB), a leading shariah compliant commercial bank in the UAE, successfully repaid a USD 400 million sukuk. The Sukuk was raised in May 2011 under challenging market circumstances. The funds raised under the sukuk were used for general corporate purposes and business expansion of SIB. Mohamed Abdulla, CEO of SIB, thanked the ...

  Read More »
• 28 May

  UAE tops intra-OIC trade list

    DUBAI / WAM Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim, said the UAE was at the top member of Organisation of Islamic Cooperation in terms of intra-OIC trade in 2014 with US$121.7 billion accounting for 15.2 per cent of the total intra-OIC trade. Turkey came second with $77.8 billion (9.7 per cent ...

  Read More »
• 28 May

  We have started planning our economy away from oil trade

  

    ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the strong and active presence of the UAE’s diplomacy in the regional and international arenas in terms of hosting numerous international agencies and conferences, as well as its active participation in international efforts to fight terrorism and ...

  Read More »
• 28 May

  UAE, Kosovo ink taxation, investment deals

  

    Pristina / WAM UAE, represented by the Ministry of Finance (MoF), signed two final agreements on avoidance of double taxation on income and the protection and promotion of investment with the Republic of Kosovo. The signing ceremony took place in the capital Pristina during an official visit of the UAE delegation headed by Younis Haji Al Khoori, Under-Secretary of MoF ...

  Read More »
• 28 May

  Extremism feeds terror, degrades others

  

    Copenhagen / WAM The United Arab Emirates has adopted a comprehensive vision for combating extremism and terrorism, taking into account the intellectual and cultural dimensions feeding them, said Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance. In a speech she gave on behalf of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of ...

  Read More »
• 28 May

  DEWA to boost energy, green biz ties with Russia

    Moscow / WAM A high-level delegation from Dubai Electricity and Water Authority (DEWA), headed by Saeed Mohammed Al Tayer, MD & CEO of DEWA, is visiting Russia to promote opportunities for joint cooperation with electricity, water, environment, renewable and clean energy businesses there. During the visit, Al Tayer delivered a seminar on business opportunities for water, clean energy and environmentally-sustainable ...

  Read More »
• 28 May

  UAE announces AED36.7mn to back FFIS efforts

  Berlin / WAM The UAE and German have co-chaired the fifth meeting of Working Group for Stabilisation of Counter-IS-Coalition. Faris Mohammed Al Mazrouei, Assistant Foreign Minister for Security and Military Affairs chaired the UAE delegation in the meeting. The participants discussed the latest developments and restoring stability to the liberated areas from Daesh, and training of Iraqi police and the role ...

  Read More »