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Abu Dhabi / Emirates Business Introducing a whole new range of robust multipurpose trucks (Atego & Accelo) for the first time in the UAE and celebrating two successful years since its inception, the Gargash Enterprises Commercial Vehicles Service and Parts Center in Thoban, Fujairah stands today as a comprehensive workshop unit. Delivering state-of-the-art facilities and services with utmost precision, the ...

Sunaina Rana / Emirates Business UAE-based Al Nabooda automobiles has established a franchise agreement with Belron, the world’s leading vehicle glass repair and replacement group. Al Nabooda Automobiles the sole distributer of Audi, Porsche and Volkswagen in Dubai and the Northern Emirates will set up a vehicle glass repair and replacement business in the region. The Automobile will use the ...

Dubai / Emirates Business Emirates National Oil Company (ENOC) has signed an agreement with Thomson Reuters to develop an eLearning suite training programme on ethics and compliance for its staff to strengthen their ability to engage with real-life scenarios of ethical best practices within the highly regulated oil & gas industry. The agreement was signed at ENOC headquarters in the ...

New Delhi / Agencies India’s government pledged billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget on Monday, with an eye on kickstarting growth and boosting its flagging popularity. Finance Minister Arun Jaitely proposed spending nearly $13 billion on rural development, promising higher incomes for farmers who form the majority of ...

Seoul / AFP South Korean firms which once operated factories in a now-shuttered joint economic zone in North Korea pleaded on Monday for urgent help from Seoul, saying they had lost more than $663 million. The South on February 10 announced the pullout from the Seoul-funded Kaesong industrial complex in protest at North Korea’s latest nuclear and long-range missile tests. ...

BEIJING / AP China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday his government is pressing ahead with painful reforms to shrink bloated coal and steel industries that are a drag on its slowing economy and ruled out devaluing its currency as a short-cut to boosting exports. Premier Li Keqiang’s comments to Lew on Monday were in line ...

New Delhi / Bloomberg India will make a one-time offer to Vodafone Group Plc and Cairn Energy Plc to settle long-running disputes with the country’s tax authorities. “I propose a one-time scheme of dispute resolution for them,” Finance Minister Arun Jaitley said in Parliament on Monday. “They can settle the case by paying only the tax arrears, in which case ...

BEIJING / Bloomberg Alibaba Group Holding Ltd. Chairman Jack Ma and Vice Chairman Joseph Tsai will bolster the company’s share buyback as they agreed to spend $500 million of their own money purchasing stock in a vote of confidence for the e-commerce operator. The billionaire co-founder and his lieutenant will bankroll the purchase of shares currently trading at $66.91, Alibaba ...

Tokyo / AFP Nissan shares soared on Monday as investors cheered the automaker’s plans for a share buyback, after the bloodbath on equity markets at the start of the year hammered its stock. Japan’s number two automaker said after the Tokyo market closed on Friday that it would purchase up to 400 billion yen ($3.5 billion) worth of its own ...

LONDON / Bloomberg Scottish First Minister Nicola Sturgeon is urging all of Britain to vote to stay in the European Union in June’s referendum as proponents of quitting the bloc argue that the U.K. would be better off economically if it breaks away. Sturgeon made her case in a speech Monday morning in London. The Scottish National Party leader told ...