May, 2016

• 15 May

  Tesco returns to profit but remains cautious

    London / AFP Tesco said that it rebounded into slender annual net profits on strong sales, after a vast property writedown and challenging home trade sparked a record loss the previous year. The troubled British supermarket giant revealed that earnings after taxation stood at £138 million ($197 million, 172 million euros) in its 2015/2016 financial year, which ran until the ...

  Read More »
• 15 May

  Tofu gives Indonesia a green boost

  

    Kalisari / AFP In a dark and steamy room in Indonesia’s tofu heartland three men sweat over bubbling cauldrons, churning creamy beancurd with wooden paddles before draining it by hand and slicing it into silky cubes. Tofu has been cooked this way for generations but today, innovative villagers on Java island are producing something extra from the simple soybean ...

  Read More »
• 15 May

  Tattoo lovers rethink the ink

  

    Los Angeles / AFP You’re love-struck and can’t wait to have your partner’s name or face etched onto your skin for eternity.Or you’ve just turned 18, and your first rebellious act upon reaching the age of majority is to have a dragon tattooed on your chest. Well, you may want to think twice before rushing to the tattoo parlor. ...

  Read More »
• 15 May

  Buy and sell online in a snap

  

    Our Correspondent / Emirates Business Biddi.com, the online portal that let you buy and sell anything, has formally launched its operations in the UAE. Biddi.com is an intuitive free e-commerce and listing site selling just about anything. It creates an ecosystem for buyers and sellers to interact seamlessly, backed by door-to-door delivery and secure payments — including cash on ...

  Read More »
• 15 May

  Watch out! Trust just got a boost in the diving community

  

    Our Correspondent / EMIRATES BUSINESS Seiko was founded in 1881, when Kintaro Hattori opened a watch and clock shop called ‘Hattori Tokeiten’ in the Ginza area of Tokyo, Japan. 11 years later, in 1892, he began to produce clocks under the name Seikosha, meaning roughly ‘The house of precision’. Seiko in Japanese means ‘precision’. The first wrist watch produced ...

  Read More »
• 14 May

  Tourism strategy to spur UAE’s diversification plan

  

    ABU DHABI / WAM A national tourism strategy will provide a framework of action that will help mobilise all stakeholders to position the UAE among the best tourism destinations in the world, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with officials in charge of the tourism sector in his ministry. The minister also called ...

  Read More »
• 14 May

  Abu Dhabi-Japan Economic Council opens today

    ABU DHABI / WAM The 4th session of Abu Dhabi-Japan Economic Council will kick-off on Sunday in Abu Dhabi under the chairmanship of Ali Majid Al Mansouri, Chairman of the Abu Dhabi Department of Economic Development (ADDED), and Yosuke Takagi, the Japanese State Minister of Economy, Trade and Industry. The event will be attended by a big Japanese delegation ...

  Read More »
• 14 May

  DEWA joins IEA’s Clean Coal Centre as sponsor

    DUBAI / WAM Dubai Electricity and Water Authority (DEWA) joined the International Energy Agency’s (IEA) Clean Coal Centre as a sponsor. DEWA will have access to the centre’s expertise, which includes consultancy services, study reports, analysis, workshops, conferences and databases. Every year, the centre publishes around 15 reports covering various aspects of clean coal technologies and related policies and ...

  Read More »
• 14 May

  RTA awards road contracts worth AED 335 million

  

    DUBAI / WAM In implementation of the directives of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum to immediately start the construction of a portfolio of road projects and transport systems as endorsed by His Highness during a recent visit to the Roads and Transport Authority (RTA), the contract for ...

  Read More »
• 14 May

  UAE entrepreneurs at SMIDEX

    ABU DHABI / WAM A high-level delegation comprising more than 50 persons, including representatives from the Ministry of Economy and the Council of Small and Medium-Sized Enterprises and Projects, the SMEs Council, key businessmen and entrepreneurs, and other government officials, is set to visit Malaysia with the chief aim of exploring potential business and investment opportunities that both countries can ...

  Read More »