News

  Dubai / Emirates Business Ramadan is known as the holy month of giving – a fact echoed by 69% of UAE expatriates who spend more on charitable acts during the month. The results come from a GCC survey conducted on expatriate behaviour and spending habits during Ramadan by Xpress Money, one of the most dependable money transfer brands in ...

  Dubai / Emirates Business The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development has announced an initiative to establish Consumer Protection Counters within hypermarkets, car showrooms, electronics shops and department stores across Dubai. The counter will serve as the first point of contact for consumers who wish to register complaints regarding their purchases. Mohammed ...

  Moscow / Bloomberg Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years. Russia is seeking buyers for 19.5 percent of state oil champion Rosneft OJSC and would prefer a joint deal with the two nations ...

  Tokyo / AFP Japan fell into a trade deficit in May, the first since January, the finance ministry said on Monday, as renewed yen strength pressured exports. Japanese exports fell for all major regions, including the nation’s biggest trading partner China, as concerns linger over a slowdown in the largest Asian economy as well as other emerging markets. The ...

  Bangkok / Tribune News Service The Revenue Department is poised to offer a personal income tax exemption of 10-15 years to foreign experts as part of its relentless effort to draw inbound direct investment to jump-start private investment. The tax waiver would be offered to experts in specific fields that can help strengthen the country’s competitiveness. It is not ...

  Seoul / Bloomberg Tesla Motor Inc. is preparing for its debut in South Korea as the US electric-car maker looks to challenge Hyundai Motor Co. at home. The maker of Model S sedans listed on its website four new positions for sales and engineering in South Korea and one recruiter for the country, who’ll be based in Japan. Tesla ...

  TOKYO / AP The US robotics expert tapped to head Toyota’s Silicon Valley research company says the $1 billion investment by the giant Japanese automaker will start showing results within five years. Gill Pratt told reporters that the Toyota Research Institute is also looking ahead into the distant future when there will be cars that anyone, including children and ...

  ALKESH SHARMA / Emirates Business Green is the new mantra for success in the boats and yacht industry. UAE, which is undergoing a considerable surge in the sea-tourism segment owing to its picturesque coastline, is gradually taking firm strides towards the eco-friendly marine solutions in the yachting world. According to reports, as eco-friendly generation is fast multiplying and it ...

    Dubai / Emirates Business The UAE Research Program for Rain Enhancement Science has been on a research collaboration trip to Japan and China, in order to meet with eminent scientists and researchers in many scientific fields related to rain enhancement science, introducing them to the program and its goals, and the aspirations of the UAE leadership and government ...

  DUBAI / Emirates Business The Dubai Foundation for Women and Children (DFWAC) launched the #BeMyVoice campaign to encourage the community in general and the media and social media influencers in particular, to support the victims of violence against women and children and shed light on their suffering, as well as spreading awareness on how to confront violence and prevent ...