News

  Bloomberg Venezuelan President Nicolas Maduro announced undefined “military exercises” for the embattled nation, just a day after pledging to prolong his government’s special emergency powers. Speaking in Caracas’s Ibarra Square after a march on Saturday by several hundred supporters, Maduro said his opponents are orchestrating foreign military intervention in Venezuela. Exercises by the army and militia groups would prepare ...

  Bloomberg Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners. The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through to the fuel prices. Now, gasoline is cheaper than the ethanol that refiners have no choice but to use. Ethanol averaged 30 cents above gasoline ...

  RITIKA SHARMA / Emirates Business “It is a big concern that in UAE the percentage of graduating women is 51% while the percentage of those working is only 18%. Such high number of skilled women only translates to such low number of them in workforce. It is high time we find solutions to such a major workforce difference,” Fadi ...

  Ras Al Khaimah / Emirates Business RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the world’s largest hi-tech manufacturers of lifestyle ceramics solutions, on Sunday announced its results for the first quarter ended March 31. RAK Ceramics delivered a 10.8% increase in net profit to AED 65.9 million (Q1 2015: AED 59.5 million) for the period despite heightened ...

  Sunaina Rana / Emirates Business Social media is emerging as the biggest element in endorsing digital marketing. As the industry moves fast forward towards industrialisation, Liana Technology, a leading cloud-based digital marketing and communications Company, has launched an innovative social media monitoring tool. LianaMonitor is a cloud-based tool that will monitor the online media and social media for the ...

  Dubai / Emirates Business NavLink, an AT&T affiliated company, has announced the launch of its Disaster Recovery as a Service (DRaaS) in UAE and the Gulf region. NavLink’s continuous expansion of services enables it to provide more holistic solutions to its customers. Disaster Recovery as a Service is an innovative, cloud-based, enterprise-grade replication solution to meet the needs of ...

  ALKESH SHARMA / Emirates Business UAE’s real estate industry is gradually bouncing back, especially sale-purchase segment. Market pundits have observed a good rise in the property buyers’ interest that has been recorded at maximum levels in the last couple of years. Industry experts maintained that upcoming mega events in the region, including Expo 2020 and FIFA World Cup, have ...

  Dubai / Emirates Business The Chartered Institute of Procurement and Supply (CIPS) awarded eleven regional companies for their outstanding procurement and supply management best practice and contribution to enhancing the role of the profession in the Middle East. The 2016 winners of the CIPS Middle East Awards were announced recently at The Address Dubai Marina. The Supply Management Awards ...

  Ajman / Emirates Business A delegation from Ajman’s Municipality and Planning Department headed by Khaled Al Hosani, Executive Director of Support Services, recently visited Smart Dubai Government Establishment (SDG). The delegation was briefed on SDG’s best government practices in the field of evaluating government websites and electronic and smart services as part of sharing knowledge among government entities. The ...

  Dubai / WAM Huawei, a leading global ICT solutions provider, is hosting a two-day global gathering of government leaders from the public safety and security sector at its Safe City Summit 2016, being held in Dubai on May 17 and 18. Themed, ‘Leading New ICT, Making Cities Safer’, the event will see local, regional and international guests attend workshops to ...