Hollister makes a comeback

Bloomberg After years of being relegated to the back of the closet, Hollister has been reborn. Though the heyday of the seagull logo is long past, the teen apparel brand with the California vibe has charged back into the mix, trying to turn things around for its struggling parent, Abercrombie & Fitch Co. The bird was once a stamp of ...

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Amazon.com’s slashed prices leave rivals reeling

Bloomberg A price war has raged in US supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com Inc. plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition of Whole Foods ...

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Tiffany makes inroads with millennials as Hepburn era fades

Bloomberg Tiffany & Co. is making headway with millennials who seek fashion jewellery while forgoing some of the treasures of the Audrey Hepburn generation: wedding and engagement rings. Growth in fashion and designer jewellery helped boost revenue to $959.7 million during the second quarter, even as sales of wedding rings underperformed, the company. While revenue topped analysts’ estimates, same-store sales ...

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Emirates Glass secures AED100mn GCC projects

Dubai / WAM Emirates Glass, a subsidiary of Dubai Investments PJSC, has announced significant growth in profitability in the first half of 2017, with mega projects worth AED100 million awarded to the company across the UAE, Kuwait and Saudi Arabia. Emirates Glass announced that it is executing more than AED50 million worth of contracts in GCC countries and has also ...

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Artificial Intelligence a game changer for telecom industry

Dubai / Emirates Business Nuance Communications, Inc. said latest artificial intelligence (AI) framework could serve as a game changer for the UAE and GCC telecom industry. The Middle East region is now witnessing an accelerating technology migration to higher speed networks and smartphones, facilitated by operator investments to extend network coverage. Telecom operators need to transform their revenue opportunity thro-ugh ...

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Damac to launch world’s first villas with ‘Just Cavalli’ interiors

Dubai / Emirates Business DAMAC Properties announced a collaboration with the Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature-style. Located in one of Dubai’s most prestigious golf communities, the luxury villas perfectly embody the designer’s bold and iconic styling and ethos, with exotic and innovative interiors complemented by daring exteriors. Hussain ...

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Ajman Chamber’s CSR meet to focus on sustainable growth

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) is organising the Ajman Corporate Social Responsibility (CSR) Summit 2017, this November. Through the event, the Chamber will address the opportunities available for all companies to adopt the CSR concept as a key element in their development strategy. The ACCI held a co-ordinative meeting to discuss the mechanisms of ...

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Diplomats praise Sheikha Fatima’s devotion

Abu Dhabi / WAM The UAE’s female diplomats in foreign missions have commended HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, as a source of loyalty, dedication and devotion in the service and glory of the nation. In messages of ...

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RAK Hospital to celebrate ‘spirit of Emirati women’

Ras Al Khiamah / Emirates Business In celebration of 3rd Emirati Women’s Day, RAK Hospital is organizing an exclusive fun-filled fitness event marking the important occasion. The empowering event aims to provide the necessary education and guidance on important health issues. Celebrating the spirit of Emirati women, the event will provide them hands-on tools to manage their health and fitness ...

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UAE media fraternity hails launch of new ‘apprenticeship programme’

Abu Dhabi / WAM The media fraternity in the UAE has welcomed the UAE Media Apprenticeship Programme, UAEMAP, launched by the Abu Dhabi Crown Prince’s Court. The initiative, announced on Saturday by the Education Affairs Office at the Court, aims to support young Emirati graduates with degrees in traditional and new media specialisations. It celebrates the legacy and values of ...

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