News

  ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

  Emirates Business In line with its steadfast commitment to supporting the realization of the Saudi Vision 2030 — and its related strategic goals — The Boston Consulting Group (BCG) has inaugurated a year-long Business Analyst Program in the Kingdom. The initiative is especially designed to help nurture young Saudi talents and equip the nation’s youth with the tools, knowledge, ...

  AFP Japan’s cabinet on Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improve infrastructure and raise the birthrate in the ageing nation. The stimulus plan announced last week is the latest in a series in recent years designed to fire up the world’s number three economy. “We ...

  Bloomberg Uber Technologies Inc. will redeploy 150 engineers from its China operations to other key markets such as Southeast Asia after agreeing to sell its business in the world’s most populous nation, according to people with direct knowledge of the plan. The San Francisco-based employees will develop new features such as mapping as it boosts services for the region ...

  Bloomberg An investigation of practices at Mitsubishi Motors Corp. found a corporate culture where workers couldn’t push back against management demands and infighting between departments contributed to a fuel-economy manipulation scandal that’s led to a rescue from Nissan Motor Co. It was a systemic failure that led to the cheating and blame can’t be pinned on any one department, ...

  Bloomberg Philippine Long Distance Telephone Co. profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos ($133 million) in the three months ended June, compared with ...

  Bloomberg India’s liquefied natural gas buyers are being encouraged to renegotiate long-term contracts after spot prices tumbled amid a global glut. “We have asked the companies to renegotiate the LNG deals wherever there is a possibility,” Oil Minister Dharmendra Pradhan said in an interview Monday in New Delhi. “I am hopeful our companies will successfully steer the negotiations.” India ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum visited on Monday the headquarters of Abu Dhabi’s renewable energy company (Masdar), in the capital Abu Dhabi, where he toured Masdar City and reviewed major clean energy projects and initiatives. HH toured Masdar city, which hosts ...

  DUBAI / WAM Dubai Customs (DC) launched an integrated action plan to implement the fourth generation of Government Excellence System, launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in 2015, to upgrade the government work system based on innovation and standards of excellence. DC has begun conducting awareness ...

  Dubai / WAM Professional Communication Corporation – Nedaa, a trusted and reliable choice in the field of wireless communication supply in Dubai and Northern Emirates, revealed that it has renewed its Service Level Agreement (SLA) partnership with Serco, an international service company supporting governments, agencies and the private sector to improve their services, overcome challenges and achieve strategic goals. The ...