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RITIKA SHARMA / Emirates Business A huge fire which nearly destroyed buildings in the Ajman One residential cluster on Monday night left residents devastated after losing everything from important documents to a place to stay. Misconceptions and pre-conceived notions, regarding home and content insurance, made things difficult for those who were affected by the fire. In wake of the incident, ...

Sunaina Rana / Emirates Business UAE- based retail operator Marka has launched its first ever home-grown e-commerce venture in collaboration with the Souq.com. The new venture would be primarily focusing on the fashion and the sportswear for the Saudi Arabia. Enhancing its appeal to the retailers, Saudi Arabia is the base for the fastest and the youngest growing consumer market ...

Emirates Business Dubai will host the world’s best concierges at the 63rd Les Clefs d’Or UICH International Congress to be held next month. Taking place from April 10-15 at the world’s tallest hotel — the JW Marriott Marquis — Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is set to welcome the world’s most influential hotel concierges. With “The ...

Emirates Business With less than a month to go, World Art Dubai 2016 is preparing to present a plethora of multinational artists to showcase their individual work and to connect them with art lovers from all kinds of cultural and social backgrounds. The four-day event, taking place at the Dubai World Trade Centre from April 6-9, will bring in artists ...

Taipei / AFP Taiwan’s tech giant Hon Hai said on Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth 389 billion yen ($3.5 billion). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying a 66 percent controlling stake. But ...

Brussels / AFP India’s prime minister will hold talks with EU leaders in Brussels, seeking to boost investment from his country’s biggest trading partner and deepen cooperation on counterterrorism. Narendra Modi was to meet European Council President Donald Tusk and European Commission President Jean-Claude Juncker in Brussels for the 13th EU-India summit, held little more than a week after deadly ...

MANILA / AP Vijay Mallya, the former Indian billionaire now hounded by creditors, offered lenders as much as 60 billion rupees ($904 million) as settlement toward debt owed by the failed airline he founded, Bloomberg TV India reported, citing his lawyers. India’s Supreme Court was informed on Wednesday that he will pay about 40 billion rupees ($603 million) by the ...

Kathmandu / DPA Nepal Oil Corporation (NOC) has written to the Indian government requesting a supply of another 15,000 tonnes of cooking gas for next month as the country continues to suffer from a crippling shortage even one and a half months after the end of the embargo. Cooking gas shipments from Indian Oil Corporation (IOC) are expected to reach ...

Seoul / AFP South Korea’s Samsung announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago. The world’s second largest economy is also the world’s biggest smartphone market, and Samsung Pay has a powerful partner in China — bank card provider ...

MANILA / AP Softer growth prospects for China and a weak recovery in major industrial economies are expected to push down economic growth in developing Asia to 5.7 percent this year and next, below projections, the Asian Development Bank said on Wednesday. The gross domestic product of the region, made up of 45 countries, grew 5.9 percent in 2015. China’s ...