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Dubai / Emirates Business Malabar Gold & Diamonds, one among the BIG 5 jewellery retailers globally, is opening 11 new showrooms across six countries in one single day — on January 12 — including eight in the Gulf region, taking the total number of outlets to 208 spread across nine countries. This is for the first time that an Indian ...

DUBAI / WAM Diversification and the high degree of openness in Dubai along with the positive impact of global trends will boost economic growth in the emirate in 2018 and beyond by 3.5%, according to the Dubai Economic Outlook report released on the sidelines of the UAE Economic Outlook forum, which concluded in Abu Dhabi on Wednesday. The report said ...

DUBAI / WAM In a world-first, Dubai Airports and ITP Media Group have joined forces to launch ‘Time Out DXB’, a new media brand with the opportunity to engage with the 90 million passengers that pass through the world’s leading international airport every year. From next month, passengers passing through all terminals at Dubai International will have real-time access to ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), on Wednesday announced that the number of registered names in the national domain (.ae) has reached more than 210,000 domain names until the end of 2017, achieving the target number of registered names for 2017, and thus, maintaining the leading position on the Arab level in this field. Majed Sultan Al ...

Dubai / WAM Emirates SkyCargo, the freight division of Emirates, completed a year of strong growth in 2017. The air cargo carrier’s robust performance was underlined by the introduction of specialised customer focused air transportation solutions across a number of industry verticals and by continued investment in infrastructure. Between January and December 2017, Emirates SkyCargo’s hubs at Dubai International Airport ...

Bloomberg The world’s largest automotive alliance will invest as much as $1 billion to fund mobility startups over the next five years as it looks to make inroads with new technology at a time of rapid upheaval for the transportation sector. Carmaking partners Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. will invest as much as $200 million during ...

Bloomberg Indian PM Narendra Modi eased restrictions on foreign direct investment (FDI) across several sectors, including allowing overseas airlines to invest in state carrier Air India Ltd., in a bid to revive growth in Asia’s third largest economy. Foreign carriers can buy up to 49 percent in the loss-making national airline, the government said in a statement. In a move ...

Bloomberg US stocks cut early losses by more than half, though the S&P 500 Index remained on track for its first decline of the year as rate-sensitive shares slumped. Treasury yields rose and the dollar fell after Bloomberg reported Chinese officials were said to be wary of American government debt. Financial shares led rebound in American equities on speculation higher ...

Bloomberg It’s one thing for an iced-tea maker or a furniture company to reap massive returns simply by rebranding with blockchain or adding a digital currency, but now some household names are joining in on the craze. In the recent past, at least four companies with well-known brands have seen their stocks skyrocket after reports linked them to cryptocurrencies or ...

Dubai / Reuters Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market. Benchmark Brent crude rose further above $68 a barrel, supported by oil output cuts led by ...