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  ALKESH SHARMA / Emirates Business Economic diversification, through reducing dependence on oil revenues, is the only path to success in the UAE’s corporate ecosystem. Small and Medium Enterprises (SMEs) and start-ups, which are considered the backbone of any economy, could play a crucial role in facilitating this diversification. Buoyed by the great government and bank support, SMEs and start-ups ...

  Ritika SHARMA / Emirates Business UAE is home to thousands of expats from nearly 200 countries, who increasingly rely on cargo services to send their stuff homes. It involves transactions worth millions of dirhams every month. Treading an innovative business model, a leading cargo company here has introduced a stress-free option for customers to convert the huge billing amount ...

  Sunaina Rana / Emirates Business E-commerce has become one of the biggest business trends in the UAE, of which mobile commerce is an integral part. According to a recent study conducted by Criteo, mobile was the most preferred device for business during the Ramadan season, with a 44% rise in spending two weeks prior to Ramadan, to 49% by ...

  Washington / AFP Hillary Clinton savored history as the first woman to claim the US presidential nomination for a major party, taking stock before a bruising war for the White House against Donald Trump. Eight years after she was defeated by Barack Obama, Clinton declared a historic milestone for women on the biggest night of her more than three-decade ...

  Bloomberg Chancellor of the Exchequer George Osborne hit back at claims he’s scaremongering in his campaign to keep Britain in the European Union, saying “there is a lot to be scared about.” Osborne rejected accusations he had misrepresented Treasury analysis of the consequences of a vote to leave the EU on June 23 and overstated the impact of an ...

  Bloomberg Brazil kept borrowing costs unchanged as a new central bank president is set to take over the challenge of slowing inflation to target without exacerbating the worst recession in over a century. Policy makers, led by departing bank President AlexandreTombini, on Wednesday voted unanimously to keep the Selic at a near-decade high of 14.25 percent for a seventh ...

  Bloomberg The prospect of building an underwater pipeline from Texas to Mexico is making Sempra Energy’s Ienova one of the top-performing stocks south of the border. Infraestructura Energetica Nova SAB, as the unit is formally called, had the second-biggest gain on the Mexican Stock Exchange since announcing plans on May 19 to bid to develop the $2.1 billion project ...

  Tokyo / Bloomberg Japan’s peak power prices may ease as the country’s solar-power expansion taps scorching summers to displace fossil fuels. The resource-poor country, which has boosted solar capacity more than sevenfold since 2011, may follow a similar path as Germany, where electricity prices fell along with fossil fuel use during high consumption periods, according to Trevor Sikorski, an ...

  Beirut / AFP Thousands of civilians have fled a stronghold of the IS group in northern Syria almost surrounded by US-backed fighters seeking to cut a key supply lifeline for the extremists. The Arab-Kurdish offensive on the town of Manbij is one of two major assaults on the route IS uses to send in more fighters, weapons and money from ...

  ALKESH SHARMA / Emirates Business Nearly 48 percent companies globally consider cyber-attack the major impediment in the smooth flow of their operations. It is closely followed by confidential data breach (41 percent) and unplanned IT and telecom outage (35 percent) that could hamper the day-to-day working of the enterprise. These startling facts have been revealed in the findings of ...