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  Ritika Sharma / EMIRATES BUSINESS The breathtaking pace with which technology is changing the world is way too fast compared with the speed with which banks are embracing technology. As customers become more and more smartphone-dependent, banks should look for ways to collaborate with IT companies to understand and stay up-to-date with the latest changes in digital world. Retail ...

  Beijing / Bloomberg China, the world’s biggest producer and consumer of gold, started a twice-daily price fixing on Tuesday in an attempt to establish a regional benchmark and bolster its influence in the global market. The Shanghai Gold Exchange set the price at 256.92 yuan a gram ($1,233.85 an ounce) at the 10:30 a.m. session after members of the ...

  Kabul / AFP At least 30 people were killed and hundreds wounded when a Taliban truck bomb tore through central Kabul on Tuesday, triggering a fierce firefight, a week after the insurgents launched their annual spring offensive. The Taliban claimed responsibility for the attack in a densely crowded neighbourhood, which sent clouds of acrid smoke billowing into the sky ...

  Abu Dhabi / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), received Abdul Qader Rasqwa, Ethiopian Ambassador to the UAE, at the FNC headquarters. Rasqwa congratulated Dr. Al Qubaisi on her election to chair the FNC as the first woman to head an Arab parliamentary institution in the Middle East and at the Arab level. ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the visiting Commander of United States (US) Central Command Joseph Votel, at Al Shati Palace. Sheikh Mohamed welcomed Votel and discussed with him friendship and co-operation between the UAE and ...

  Dubai / Emirates Business The world’s largest stand-alone Audi service center has been inaugurated in a VIP ceremony to commemorate the launch of a new standard bearer in car servicing and customer care. Al Nabooda Automobiles, the sole distributor of Audi in Dubai and the Northern Emirates hosted a VIP collection of government officials, dignitaries and loyal customers at ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, inspired youth and visitors with innovation highlights and an exciting quiz competition during its participation at Think Science 2016. Organized under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign ...

  Ritika Sharma / Sunaina Rana EMIRATES BUSINESS The 11th annual edition of two-day ‘Middle East Retail Banking Forum and Expo’ kicked off on a high note in Dubai on Monday. Over 200 delegates from across the region are attending this high-profile event to hear what more than 30 experts in the field have to say about latest trends ushering ...

  Tokyo / Bloomberg The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate on Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions. The Topix index slumped 3 percent to 1,320.15 at the close in Tokyo, with all but one of its 33 industry groups ...

  Bloomberg Chancellor of the Exchequer George Osborne outlined the bleakest scenario yet if the U.K. votes to leave the European Union, saying that Britain’s economy would suffer permanent damage hitting the public in the pocket. Quitting the 28-nation EU would leave the U.K. economy 6 percent smaller by 2030, according to a Treasury analysis released on Monday. The forecast ...