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Bloomberg Burberry Group Plc is betting on growth in handbags and playing up its trademark check as new Chief Executive Officer Marco Gobbetti seeks to join the luxury industry’s turnaround. At its first major runway show since Gobbetti took over in July, the trenchcoat maker showed off reversible tote bags decked out in its tartan plaid, including a £1,490 ($2,025) ...

Bloomberg Qatar is set to buy 24 Eurofighter Typhoon jets after Defense Minister Khalid bin Mohamed Al-Attiyah signed a statement of intent with UK counterpart Michael Fallon, providing the Persian Gulf state with outside military support after it became a regional outcast. The deal, reached on Sunday in the Qatari capital of Doha, marks the first major defense contract between ...

Dubai / WAM Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector according to DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. A BMI report published recently forecasts a steady rise in trade of 4.35 percent year on year in 2017, driven by a 5 percent growth in imports and exports of ...

Abu Dhabi / Emirates Business Abu Dhabi Airports’ VIP Terminal, operated by National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets, signed a partnership agreement with Al Hilal Bank in Abu Dhabi, a progressive Islamic bank, to provide exclusive VIP Terminal access at Abu Dhabi International Airport to top-ranking customers. Abdul Majeed Al Khoori, Acting ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of 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, on Sunday inaugurated a youth centre in Dubai deemed as the best in the world, with ...

Abu Dhabi / WAM The UAE Excise Tax, due to go into force effective 1st October, shall be collected in e-Dirham only, the Federal Tax Authority has announced. The move goes in line with the UAE government’s strategy to keep pace with the latest technological developments in areas of FinTech and revenue collection and ensure transparency, efficiency and safety in ...

Abu Dhabi / WAM The date for the Islamic New Year holiday, 1439 Hijri, for Federal Ministries in the UAE will be on the first day of Muharram, the first month of the Islamic calendar. It was announced that this will be a paid holiday for all private sector employees in the country. The paid holiday was announced in two ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of Dubai Supreme Council of Energy, has launched the operation of 50 Tesla electric vehicles to the limo fleet of the Dubai Taxi Corporation. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of ...

Dubai / WAM DP World Limited announced that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya, TPS, in Indonesia at the end of the agreement in 2019. DP World is a 49 percent shareholder in TPS, which represents a gross capacity of 2.1 million TEUs, twenty-foot containers, out of 85 million ...

Dubai / Emirates Business The finalists of this year’s Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa have now been announced, representing some of the most respected names in the shipping and maritime industry, across a region stretching from Lagos to Kolkata. According to Emma Howell, Group Marketing Manager, Seatrade portfolio, UBM EMEA: “The finalists will now wait with ...