News

  ALKESH SHARMA / Emirates Business The GCC nations are witnessing one of the fastest monetary growth and infrastructure developments in the entire MENA region. However, this sky-rocketing progress also calls for special attention as it has resulted into increased concerns in the cyber domain. According to a recent report of Frost & Sullivan, the GCC’s network security spend is ...

  Ritika Sharma / Emirates Business The UAE is fast cementing its position as a luxury destination, where tourists are willing to spend more on their holidays. Experts have been talking about exponential growth in luxury tourism in the country, and researches based on travellers’ booking and behaviour confirm the same. A recent research by a travel data platform states ...

  Dubai / Emirates Business The architectural design of the School in the sustainable city is now official. The school is planned to be built inside the first residential community of its kind in Dubai, and the project aims at rethinking teaching and learning environments in a sustainable way. The forward-thinking school is designed by Danish architect and design practice ...

  Dubai / Emirates Business The Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for arts, culture and heritage, has announced its participation in the upcoming ‘REMIX Sydney 2016’ summit, to be held in Sydney, Australia on June 2 – 3. REMIX Sydney 2016 — one of a number of global summits aiming to tackle the big ...

  Dubai / Emirates Business The UAE Government Leaders Programme has opened the registration for the 4th Future Leaders Programme aimed at preparing national cadres under ‘The Leader of the 21st Century’ model launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Applications for registration will be ...

  Dubai / Emirates Business Dubai’s bustling US$1.5 billion dollar trade for hardware and tools in 2015 has been reinforced by the strong industry turnout at the 17th edition of Hardware+Tools Middle East, which concluded recently in Dubai. A total of 2,907 regional trade buyers and construction industry professionals attended Hardware+Tools Middle East 2016, as they sourced the latest solutions ...

  Dubai / Emirates Business A successful restructure of the Saudi Arabian Public Investment Fund (PIF) would represent a great opportunity for Saudi Arabia to have a positive impact not only the region, but also the world, says a London Business School strategy expert. The transformation of the PIF is a key aspect of Saudi Vision 2030. Ioannis Ioannou, Associate ...

  Tokyo / Bloomberg Japan Prime Minister Shinzo Abe plans to propose a fiscal stimulus package of as much as 10 trillion yen ($90.7 billion) after warning Group of Seven leaders that the global economy faces significant risk of another crisis, according to the Nikkei newspaper. Abe will seek a second supplementary budget worth 5 trillion yen to 10 trillion ...

  Mumbai / Bloomberg Reliance Industries Ltd. is preparing to restart work in four offshore oil and gas blocks, including one of India’s biggest natural gas discoveries, as it seeks to revive development activity stalled for seven years by disputes with the government, according to people with knowledge of the plan. Reliance has held meetings with oilfield-services companies to discuss ...

  New Delhi / AFP State Bank of India, the country’s largest lender, jumped the most in more than two months after reporting a bad-loan watch list that’s smaller than its closest rivals. Shares of the lender surged 6.4 percent to 195.90 rupees in Mumbai trading, paring this year’s losses to 13 percent. About 313bn rupees ($4.7bn) of State Bank’s ...