News

  KATHMANDU / WAM Bidhya Devi Bhandari, President of Nepal, received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in Nepal’s capital, Kathmandu. During the meeting, Sheikh Abdullah conveyed the regards of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to the President of Nepal, wishing her good health and happiness, and more ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy has chaired the 40th meeting of the council at its headquarters. Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy, attended the meeting. The meeting was also attended by Ahmed Buti Al Muhairbi, Secretary General of the Supreme ...

  DUBAI / WAM Dubai Customs is finely aligned with the wise call of HH President Sheikh Khalifa bin Zayed Al Nahyan, in declaring this year as the year of reading. Consequently, Dubai Customs launched a series of activities and initiatives in pace with this astute endeavour including the recent “Suggest a Book” undertaking, aimed at encouraging reading as a ...

  DUBAI / Emirates Business Dubai Parks and Resorts, set to become the Middle East’s largest integrated theme park destination on its opening in October this year, has announced its participation in this year’s Careers UAE, takes place from May 16-18 at the Dubai World Center, in search of skilled, bright Emirati talent. Job seekers will be interviewed by the ...

  Tokyo / AFP Toyota on Wednesday warned that its annual net profit will fall by about a third as a stronger yen, and a slowdown in Chinese growth and other emerging markets dent its bottom line. The surprise new forecast — which would mark Toyota’s first profit decline in five years — tipped a 1.5 trillion yen ($13.8 billion) ...

  Tokyo / AFP Scandal-stricken Takata said on Wednesday it logged an annual net loss of $120 million, as the company struggles with a massive recall crisis over exploding air bags tied to 13 deaths in the United States and Malaysia. US auto safety regulators last week ordered Takata to recall between 35 million and 40 million airbags installed in ...

  TOKYO / AP Mitsubishi Motors cheated on fuel-efficiency testing for almost every model it sold in Japan in the last 25 years, a report said on Wednesday, fuelling questions about the size of a scandal that has plunged the automaker into crisis. Citing unnamed company sources, Japan’s Asahi newspaper said dozens of models sold in Japan have been affected ...

  Mumbai / Bloomberg Investors who anticipated that India central bank Governor Raghuram Rajan would bring order to a bad debt-plagued banking system by now are being forced to ratchet back those expectations. Results from ICICI Bank Ltd. and Axis Bank Ltd. two weeks ago and comments from their top managers fuelled concerns that dud loans will continue to pile ...

  Ritika Sharma / Emirates Business If you think a salesman glued to his smartphone, busy in social media, is hampering his company’s business, think again; this could not be the case at least in the UAE. A recent survey has revealed that UAE salespeople who spend around 4.8 hours per week on social media are actually boosting the sales ...

  Sunaina Rana / Emirates Business Renowned Arabic calligraphy artist Wissam Shawkat has collaborated with Vertu luxury mobiles to create exclusive designs for the brand’s bespoke offering during Ramadan, revering the theme of ‘love’. This unique collaboration reinforces the importance of Middle East in the luxury handmade mobile phone brand sales, and offers customers an opportunity to own a piece ...