News

  Dubai / Emirates Business Dubai is sharpening its focus on ensuring sustainable growth in line with the environmental objectives of Dubai Plan 2021 and the broader UAE Vision 2021. Dubai Integrated Energy Strategy 2030 has already been set into motion to reinforce energy security through the diversification of energy sources as well as a 30 per cent reduction in ...

  Abu Dhabi / Emirates Business Geometry Global has launched a bespoke marketing consultancy offering – Geometry Global Intelligence (GGI) – in Europe, Middle East and Africa (EMEA). The platform is designed to advise and support marketers and brands on all elements of purchase-journey marketing using astute data, research and expertise. Geometry Global Intelligence will enhance the agency’s offering across ...

  Dubai / Emirates Business Visa Inc. — a global payments technology company — has announced results of the Professionals Study conducted in the UAE. The study is part of a global research by Visa that looks at consumer spending habits, priorities and optimism about the future. The UAE study, based on responses from UAE citizens and residents aged 18-to-55 ...

  Emirates Business As the Middle East’s construction and infrastructural expansion continues apace, resulting in driving demand for quality hardware, tools and machinery, international brands continue to use Hardware+Tools Middle East as a regional launch platform for new and innovative products. At the upcoming edition of the region’s premier trade show for hardware, tools, materials and machinery, a series of ...

  Emirates Business Honeywell (NYSE: HON) and Bayer Pearl have unveiled new spray foam insulation technology solutions that can improve energy efficiency in residential and commercial buildings in the Kingdom of Saudi Arabia. With 1.5 million new homes needed to keep up with local population growth, energy demand in the country is anticipated to double by 2030. In anticipation of ...

  Tokyo / Bloomberg Fuji Heavy Industries Ltd., the carmaker most reliant on exports from Japan, said it’ll stick to a strategy of producing the bulk of the company’s Subaru vehicles at home as the yen strengthens. The owner of Subaru brand, long known for all-wheel-drive vehicles, doesn’t want to focus narrowly on the impact of foreign exchange, Chief Executive ...

  New Delhi / AFP Apple chief executive Tim Cook met Prime Minister Narendra Modi in New Delhi on Saturday, launching a new version of the Indian leader’s eponymous app on a visit aimed at pushing the technology giant’s expansion plans. Cook, shown in a video using the premier’s gold-coloured iPhone, launched an update to the Narendra Modi Mobile App to ...

  Islamabad / Bloomberg Pakistan’s central bank unexpectedly lowered its benchmark interest rate for the first time since September to boost economic growth before the government presents its budget for the new financial year. The State Bank of Pakistan cut the target policy rate to 5.75 percent from 6 percent, it said Saturday in an e-mailed statement in Karachi. All ...

  Colombo / Bloomberg Sri Lanka left its benchmark rates unchanged for a third straight month after it agreed a $1.5 billion loan from the International Monetary Fund to help improve public finances. The Central Bank of Sri Lanka kept the standing lending facility rate at 8 percent and the standing deposit facility rate at 6.5 percent, it said in ...

Singapore / Bloomberg HSBC’s weight-loss drive in India could leave the country’s banking system feeling a little breathless. But the health benefits will eventually show up. The UK-based lender will close half its branches in the country, which last year accounted for 3.2 percent of the group’s pre-tax profit. Assuming that the bank’s strategy of serving more of its Indian ...