News

  DUBAI / Emirates Business The six-fold growth in mobile robotics by 2020 will dramatically enhance Middle East and global business productivity, workplace safety, and daily lives, according to an exclusive new report by Frost & Sullivan prepared in collaboration with GITEX Technology Week. Shipments of mobile robotics will grow from 4 million in 2012 to 25.4 million in 2020. ...

  Dubai / Emirates Business Purchasing an item using your card or cash is something of the past. All that you need in today’s world is a mobile phone or tablet. However, many card customers remain wary of new technology because they lack the ability to proactively manage their card spends. This is no longer an issue. Mashreq, the market ...

  Emirates Business Representatives from the Central Asia and North Africa (CANA) branches of the International Board on Books for Young People (IBBY) have participated at the IBBY International Congress and General Assembly. The event, which concluded on Sunday in Auckland, New Zealand, the delegates were able to attend the influential biennial literary event thanks to sponsorship supplied by the Sharjah ...

  AFP Iran released images of its first domestically built long-range missile defence system on Sunday, a project started when the country was under international sanctions. Images on multiple state news agencies showed President Hassan Rouhani and Minister of Defence Hossein Dehghan standing in front of the new Bavar 373 missile defence system. The system was designed to intercept cruise ...

  Bloomberg Iraq, OPEC’s second-biggest producer, will increase crude exports by about 5 percent in the next few days after an agreement to resume shipments from three oil fields in Kirkuk. Shipments will increase to about 150,000 barrels a day as exports resume from the Baba Gorgor, Jambour and Khabbaz fields, Fouad Hussein, a member of the oil and energy ...

  Bloomberg Israel’s largest money managers are turning to the country’s stock market as they bet a five-month corporate bond rally is coming to an end. Equities have started to erase the steepest discount to MSCI World peers in 18 months, while the Tel-Bond 20 index is on course for its worst month since January, according to data compiled by ...

  Bloomberg Tunisia’s prime minister-designate unveiled a new cabinet that keeps holdovers from the old government in key security posts while bringing in new faces to try to revive the economy. Youssef Al-Shahed’s appointments followed more than two weeks of consultations since parliament dismissed his predecessor, Habib Essid, over the country’s weak economic performance. Shahed retained seven key ministers from ...

  Bloomberg The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with assets worth over $64 billion, is in no hurry to kickstart the process, waiting until oil prices recover and Russia ...

  Beijing / Bloomberg China’s diesel exports rebounded to a record in July as severe flooding in some parts of the country curbed domestic fuel demand. The world’s largest energy consumer exported 1.53 million tons of diesel last month, a 39 percent jump from June and beating the previous record in May, according to data posted Sunday on the website ...

  New Delhi / Bloomberg A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group. The number of web-connected rural consumers will more than double to 315 million by ...