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NEW YORK / AP JC Penney Co. delivered strong fourth-quarter results, wrapping up a year when it stole market share from rivals. The company, based in Plano, Texas, offered an upbeat sales outlook, as efforts to spruce up its merchandise are winning over shoppers. It also pledged that it would return to a profit this year, on an adjusted basis. ...

AFP Mexico’s state-run firm Pemex is bracing for massive budget cuts as it battles to avoid a bleakfuture mired in tumbling oil prices, falling production and rampant fuel thefts. President Enrique Pena Nieto has implemented an energy reform that ended the company’s seven-decade monopoly of the energy industry but also sought to inject new life into Pemex through partnerships with ...

Bloomberg It’s not just your financial investments that Brexit might hit. A British departure from Europe could be bad for your wardrobe too. The European Union membership debate has already hit the pound, sending it to its worst week against the dollar since 2009. Analysts have warned it could get worse, with Goldman Sachs Group Inc. saying a vote for ...

Sunaina Rana / EMIRATES BUSINESS International Expo-Consults LLC (IEC), a leading international trade show organiser in the Middle East is based in Dubai, the heart of United Arab Emirates(UAE). For over a decade, IEC has played a key role in delivering the power of business shows in stimulating regional and international trade through the UAE. The professional expertise of IEC ...

Our Correspondent / EMIRATES BUSINESS Double A, Public Company Limited, a fully integrated pulp and paper mill, was incorporated in 1991. Having its office located at Jafza South, Dubai, the company has it’s roots in Thailand’s central plains in the province of Prachinburi. The mill began operating in 1995 and has an annual capacity of 600,000 tonnes of pulp and ...

Abu Dhabi / wam The UAE’s newly-reshuffled Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Sunday for the first time and discussed government-related issues. His Highness Sheikh Mohammed bin Rashid said the UAE Government, under the leadership of His Highness Sheikh Khalifa ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in his capacity as Chairman of Executive Council of Abu Dhabi, has issued a resolution restructuring the board of the Media Zone Authority – Abu Dhabi, under the chairmanship of Noura Mohammed Surour Al ...

Abu Dhabi / WAM The Fuel Price Follow-up Committee, chaired by Dr. Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy, on Sunday concluded its meeting at its headquarters in Abu Dhabi and announced fuel prices for March. Diesel prices went up by 2 percent to AED1.40 per liter from the February price of AED1.37. Petrol prices dropped, with ...

Dubai / WAM The UAE, represented by the Ministry of Human Resources and Emiratisation, and the Republic of Mauritius, represented by the Ministry of Labour, Industrial Relations and Employment, have signed a Memorandum of Understanding to enhance cooperation between the two countries in the areas of labour and manpower. Following the signing at the office of the ministry in Dubai, ...

ABU DHABI / WAM The Department of Economic Development (DED) Abu Dhabi, has called on registered companies to amend their articles of association and bylaws so they can be approved as per the guideline form mutually approved by the DED and Abu Dhabi Securities Exchange (ADX). Khalifa bin Salem Al Mansouri, DED’s Acting Under-Secretary, said that this procedure comes as ...