News

  Sydney / AFP Severe coral bleaching on Australia’s Great Barrier Reef could cost it more than a million visitors a year and huge sums in lost tourism revenue, a survey said on Tuesday. The World Heritage-listed reef which teems with marine life experienced an unprecedented bleaching earlier this year that saw much of it whiten and almost a quarter ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) won the Training Initiative of the Year Award from the Emirates Green Building Council, for the Carbon Ambassadors Programme. DEWA sponsors the programme to involve youth in environmental and sustainability issues. Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources at DEWA, received the award ...

  Abu Dhabi / WAM Inspectors at the General Administration of Customs, Abu Dhabi, issued 4,271 customs reports during the first quarter of 2015. Customs inspectors successfully foiled 4,391 attempts to smuggle illegal substances into the UAE through various customs ports in the Emirate of Abu Dhabi. The substances seized included drugs, prescription drugs, tobacco and other contraband. Mezyad Customs Centre ...

  Abu Dhabi / Emirates Business The Ministry of Economy (MoE) continues to visit retail store chains across the different emirates as part of its inspection program for the holy month of Ramadan. It conducted its latest inspection on Tuesday at a branch of the Sharjah Cooperative Society in the Emirate of Sharjah’s Helwan area. Dr Hashim Al Nuaimi, Director ...

  Dubai / Emirates Business The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, organised the 2016 Human Resources Managers Forum as part of its sustained commitment to engaging with HR managers of banks in the region and gaining their feedback for enhancing the content and quality of its training ...

  Dubai / Emirates Business Dubai International Financial Centre (DIFC), the global financial hub connecting businesses and institutions with emerging market opportunities across the Middle East, Africa and South Asia, welcomed one of India’s leading insurers HDFC Standard Life Insurance Company Limited (HDFC Life) to its diverse portfolio of clients. HDFC International Life and Re Company Limited (HDFC International Life ...

  AJMAN / Emirates Business As a result of Ajman’s steady growth, Ajman Sewerage has announced the commencement of two strategic projects, which will enable the utility company to further expand its network coverage while increasing the overall capacity and safety performance of its wastewater collection and transportation system. The projects, which are worth AED 75 million, include the construction ...

  ALKESH SHARMA / Emirates Business Drones — also known as Unmanned Aerial Vehicles (UAVs) — have certainly come a long way in terms of their utility. More than those petty jobs of taking simple imagery or delivering light packets, drones are now seen as an asset when it comes to sprucing up homeland security of a nation. In the ...

  DUBAI / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Neuron Inc. — the fastest growing provider of innovative health insurance solutions — and NASCO France, a leader in insurance and reinsurance brokerage in ...

  New York / AFP Two days before Britain’s referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face. “We are locked down on this,” said Michael Duvally, spokesman for Goldman Sachs, when ...