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Bloomberg Steinhoff Africa Retail Ltd. extended a two-day fall to more than 10 percent after the continent’s biggest clothing retailer said it won’t pay a half-year dividend and announced charges related to its scandal-hit parent company. The owner of clothing chains including Pep and Ackermans was spun off by Steinhoff International Holdings NV three months before the majority shareholder reported ...

Bloomberg PepsiCo Inc. is placing another bet that American nibblers want healthier options with the purchase of baked fruit and vegetable snackmaker Bare Foods Co. The maker of Mountain Dew and Cheetos inked a deal to buy the San Francisco-based creator of products including beet chips and baked apple crisps. The terms of the deal weren’t disclosed. PepsiCo, which has ...

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Francois-Philippe Champagne, Minister of International Trade of Canada at the Canadian Foreign Ministry in Ottawa. During the meeting, which was held on the sidelines of Sheikh Abdullah’s official visit to Canada, the two sides discussed bilateral relations and ways to further ...

ROME / WAM The UAE Ambassador to Italy, Saqr Nasser Al Raisi, met the General Commander of the Italian Military Force or ‘Carabinieri’, Giovanni Nistri, in the presence of a number of senior generals and officials. During the meeting, Al Raisi emphasised the UAE’s keenness to work with friendly countries in all fields, especially enhancing international security and community safety. ...

Abu Dhabi / Emirates Business Equichain announces the signing of a partnership agreement with the Abu Dhabi Securities Exchange (ADX) to join its working community, which aims to bring efficiencies to capital markets. London-based fintech Equichain operates two exclusive, invitation-only working groups: one for institutional investors and one market infrastructure providers. The goal of this strategic initiative is to seamlessly ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation announced that citizens of the UAE with diplomatic, private and regular passports can obtain a visa to Guyana upon arrival at the airports. Ahmed Alham Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry of Foreign Affairs and International Cooperation, said that the UAE’s Embassy in Brasilia ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, is further investing in its culinary catering capability with the appointment of globally-experienced chef Stephen Templeton to the newly created post of Global Head of Culinary for its international catering division. In his role, Templeton will be responsible for managing all aspects of food presentations, hospitality, kitchen ...

Dubai / Emirates Business The UAE Vision 2021 aims to reduce traffic casualties from about six per 100,000 people to three per 100,000. I-Insured, the retail unit of the largest insurance group in the MENA region on Monday launched an artificial intelligence (AI) based SafeDriver Pay-How-You-Drive (PHYD) app that aims to meet this vision and reduce traffic accidents significantly. The ...

DUBAI / Emirates Business Emirates, the world’s largest international airline, announced on Monday that it will introduce the first scheduled commercial Airbus A380 service to Hamburg. To commemorate the inaugural arrival in Hamburg on October 29, the A380 will be deployed on the morning service (EK059/EK060), while from October 30 the A380 will be regularly deployed on the afternoon service ...

Dubai / WAM As part of its contribution to the Dubai 10X initiative, the Dubai Land Department (DLD), has announced the introduction of the Real Estate Self Transaction ‘REST’, a platform for conducting real estate trading and transactions with multiple parties, anywhere and anytime. The new platform enables the complete digital management of real estate transactions, eliminating paper documents and ...