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  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

  Sharjah / Emirates Business Storytelling, theatre and colour were the theme of the recent performance at the International Storytelling Festival, which is taking place at Al Noor Island, Sharjah’s popular tourist and recreational destination. Titled ‘A Palette of Stories’ the activity hosted, Italian directors Paola Balbi and David Bardy, British storyteller Michael Harvey, Singaporean narrator Kavina Ramachandran and Palestinian ...

  Bloomberg Apple Inc. is willing to start making iPhones in India, but it wants a big helping hand from Narendra Modi’s government first. The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for setting up manufacturing facilities in the country this year. Apple, the most valuable company on Earth, ...

  Bloomberg Australia’s government sold A$9.3 billion ($7 billion) of notes maturing in December 2021, its biggest-ever bond transaction. The offering was snapped up by investors even as doubts swirl about the country’s top credit rating and the government’s ability to rein in its budget deficit. While credit assessors refrained from taking any action following December’s mid-year budget update, S&P ...

  Bloomberg Apple Inc. sued Qualcomm Inc., accusing it of monopolizing the market for chips for wireless devices and withholding $1 billion in retaliation for cooperating with South Korean antitrust authorities. Apple is demanding Qualcomm hand over money that was supposed to be a rebate for licensing fees. Qualcomm is holding back the money as punishment for Apple cooperating with ...

  Bloomberg International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m. Friday in New York after giving 2017 profit guidance on Thursday that was higher than analysts’ estimates. ...

  Dubai / WAM Middle Eastern investment banking fees reached US$820.8 million during 2016, an 18 per cent increase compared to fees recorded during 2015 and the highest annual fee total in the region since 2008, according to the annual investment banking analysis for the Middle East region, by leading business information provider Thomson Reuters. “Bolstered by Saudi Arabia’s $17.2 billion ...

  Abu Dhabi / WAM The 10th World Future Energy Summit (WFES) ended on Thursday in Abu Dhabi with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 percent. Hosted by Masdar, Abu Dhabi’s renewable energy company, as part of Abu Dhabi Sustainability Week, WFES aims to promote the business ...

  TEHRAN / AP A high-rise building in Tehran engulfed by fire collapsed on Thursday, killing at least 30 firefighters and injuring some 75 people, state media reported. The disaster struck the Plasco building, an iconic structure in central Tehran just north of the Iranian capital’s sprawling bazaar. Firefighters, soldiers and other emergency responders dug through the rubble, looking for survivors. ...

  Abu Dhabi / Emirates Business Etihad Airways on Thursday announced its Abu Dhabi – Düsseldorf route will be operated 14 times a week with the addition of a new daily service, effective March 26. The double daily schedule will provide greater choice to local passengers travelling between Abu Dhabi and Düsseldorf, and further increase connectivity to and from Germany ...