Leonid Bershidsky It is now widely accepted that technological advances, especially ones that make machines more like humans — such as robotization or artificial intelligence — are putting people out of work and will only destroy more jobs in the future. The wealth will accrue to those who own the machines, not to what’s known as the middle class ...

  Asit K. Biswas / Augustin Boey SPECIAL TO EMIRATES BUSINESS Corruption has probably existed since the dawn of human civilization. With a steadily increasing population, accelerating economic activities accelerating, and intensification of global inequalities, corruption has become increasingly commonplace and pervasive. Alan Greenspan, former Chairman of the Federal Reserve of the United States of America, has observed: “Corruption, embezzlement ...

  Sunaina Rana / Emirates Business As the automotive industry vrooms into the lane of fast growing sectors in the region, the demand for automobile spare parts also soars high. Underlining the boost in the industry, exhibitors from around the world have come together on the same platform to exhibit their products at the region’s largest auto aftermarket trade show ...

  Emirates Business The Telecommunications Regulatory Authority (TRA) hosted two major workshops outlining UAE’s success in building a dynamic information society along a set of related matters, such as digital security and students’ empowermentat the 2016 World Summit on the Information Society (WSIS) in Geneva, Switzerland. High-ranking government officials were invited to speak on national initiatives related to digital safety, ...

  Emirates Business The UAE Board on Books for Young People (UAEBBY) and Goethe —Institut Gulf Region concluded their ‘Manga’ comic art workshop recently at Al Jalila Cultural Centre for Children in Dubai (AJCCC). Aiming to develop the skills of Emirati talented illustrators in the field of Manga comic art, the workshop was held as part of the 5th edition ...

  Dubai / Emirates Business Dubai-based World Free Zones Organization (FZO) will kick-off its 2nd Annual International Conference and Exhibition tomorrow (May 9) under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Titled ‘Global Value Chain: Opportunities for the Free Zone of the Future’, the ...

  ALKESH SHARMA / Emirates Business Huge investments in aviation sector in the region, especially in the UAE, will steer the Middle East smart airports market to surpass $850 million within the next three years. Revolutionary concept of smart airport, driven by latest marvels of technology and applications, is all set to enhance traveller’s experience in a big way. The ...

  Emirates Business Sobha Group — the leading luxury real estate developer — has unveiled its luxury show villas at its eight million sq.ft Sobha Hartland project to the public. Sobha Group revealed the ultra-contemporary villas which will be on offer to prospective buyers at the mixed-used waterfront development in Mohammed Bin Rashid Al Maktoum City and beautifully set within ...

  RITIKA SHARMA / Emirates Business Imagine you are on a pleasure drive to Al Ain sitting on the pilot seat but facing your friends and chatting with them. How about sipping your cold coffee and admiring Burj Khalifa as your car vrooms on the Sheikh Zayed Road? All these will become a reality sooner than you visualize. UAE will ...

  Reuters Bahrain Telecommunications Co (Batelco) posted a 33 percent fall in first-quarter profit as its subscriber base and revenue both declined. Batelco made a net profit of 9.6 million Bahraini dinars ($25.46 million) in the three months to March 31, it said in a statement. This compares with a profit of 14.2 million dinars a year earlier. SICO Bahrain ...