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Bloomberg Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities. The stock jumped 27 percent to 5.90 rand by 9:56 am in Johannesburg, the most on an intraday basis since December 12, 2017. Shares in Steinhoff, whose retail ...

Bloomberg US airlines are wagering that American tourists will keep flocking to Cancun despite rising violence in Mexico and a warning from the State Department. Southwest Airlines Co., Spirit Airlines Inc. and Delta Air Lines Inc. are adding flights to the resort. United Continental Holdings Inc. is using one of its biggest jets once a week to ply the Chicago-Cancun ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met over a lunch banquet in Dubai marking the advent of the new year, ...

ABU DHABI / WAM The concerns emanating from the application of the Value-Added Tax (VAT) are overrated, as its impact on the country’s business sector will be in the minimal and will rather generate myriad benefits for the economy, according to a senior official at the Department of Economic Development (DED) — Abu Dhabi. “The application of VAT effective January ...

Astana / WAM The Ministry of Defence of Kazakhstan honoured Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. Talgat Mukhtarov, Deputy Minister of Defence of Kazakhstan, honoured Ambassador Al Jaber by giving him the Medal of Contribution to Strengthening International Co-operation for his ongoing efforts to develop and strengthen the overall co-operation between their two countries, especially ...

ABU DHABI / Emirates Business At the stroke of midnight, fireworks set ablaze Abu Dhabi’s skyline, ringing in the New Year with tens of thousands of gathered onlookers across the capital. Accompanied by incredible pyrotechnic effects, the fifteen-minute fireworks display at the New Year’s Eve Countdown Village mesmerised the crowd as they joined in the festivities at the specially designed ...

Sharjah / Emirates Business In keeping with its commitment to providing Sharjah’s residents and visitors with a joyful environment, Al Qasba — Sharjah’s premier tourist, leisure and family destination — lit up the sky on Sunday in celebration of the New Year. The spectacular illuminations from the fireworks were reflected on the venue’s facilities and water canal, as well as ...

Sharjah / Emirates Business Sajaya Young Ladies of Sharjah, a subsidiary of the Rubu’ Qarn Foundation for Creating Leaders and Innovators, is participating at the 6th Dhawahi festival (District Festival 6), which takes place from January 1-4 at Al Nouf Park, Sharjah. Organised by the Department of Suburbs and Villages Affairs, the four-day event is being held in line with ...

DUBAI / WAM The National Programme for Happiness and Positivity (NPHP) and the Ministry of Education have celebrated the creativity of UAE schoolchildren who participated in the ‘100 Days of Giving’ initiative, which was aimed at promoting the values of giving and supporting the country’s diverse activities during the Year of Giving. Covering about 440 schools across the country, the ...

DUBAI / WAM The noble acts of the UAE in Ghana speak volumes and have significantly helped in the construction and development of the country, affirmed Samata Gifty Bukhari, Consul-General of the Republic of Ghana to Dubai, who was on a visit to Dar Al Ber Society. “The UAE charity entities spare no effort to support vulnerable segments of the ...