News

  RITIKA SHARMA / Emirates Business Cutting-edge latest technology in payments saw the light of day at the 2016 edition of Cards & Payments Middle East — the region’s largest payment and banking solutions gathering, which opened at the Dubai International Convention & Exhibition Centre. While on one hand, visitors explored how to recharge from a fuel station, on the ...

  Ajman / WAM The number of guest arrivals into the Emirate of Ajman during the first quarter of the year has increased by 20 percent, generating total tourism revenue of AED108million, according to tourism statistics released today by the Ajman Tourism Development Department (ATDD). The total guests from January to March 2016 was reported at 142,404 and delivered 313,724 ...

  Abu Dhabi / Emirates Business Findings from a study conducted by the Masdar Institute of Science and Technology reveal that the novel carbon capture and utilization technology developed by UAE-based ENGSL Minerals DMCC (the technology partner of EnPro) could capture up to 1.3 million tons of carbon dioxide (CO2) annually, or 85% of total CO2 emitted by a typical ...

  RAS AL KHAIMAH / Emirates Business Ras Al Khaimah Free Trade Zone (RAK FTZ) has been honoured by the Emirates and Europe Economic Forum with an Innovation Award, winning the category of “Innovative Development of Free Zones”. The event took place in Warsaw, Poland, from May 17-18. “Being named as the most innovative free zone gives us great honour ...

  Dubai / Emirates Business Canon Middle East, a leader in imaging solutions, won the first prize in the Best Environmental Sustainability Programme/Initiative Category of the recently concluded Ta’atheer Awards 2016 in Dubai, an award that measures the social impact of organisations’ CSR efforts. Canon was recognised for its holistic view as it strives to conduct business in a responsible ...

  Sharjah / Emirates Business A delegation from Knowledge without Borders (KwB), the Sharjah based cultural project, recently visited the Department of Punitive and Reformatory Establishments in Sharjah. On the agenda for the meeting was the effective rehabilitation of criminals through the habit of reading, with the aim being to successfully reintroduce them into society as model citizens. Headed by ...

  Reuters Middle East fund managers have grown more cautious about building positions in both equities and fixed income, partly because of the risk of a U.S. interest rate hike as soon as June, a monthly Reuters poll showed. The poll of 14 leading fund managers, conducted over the last 10 days, shows 21 percent anticipate reducing allocations to Middle ...

  New Delhi / Bloomberg India may spend as much as $16 billion — over $1 billion more than initially estimated — on the nation’s first bullet train to elevate the entire railroad, a person with direct knowledge of the matter said. Land acquisition hurdles, as well as people and animals potentially wandering in front of carriages speeding at 350 ...

  Tokyo / AFP Japan’s industrial production edged up in April, data showed on Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu. Official figures also showed household spending remained tepid, as Prime Minister Shinzo Abe mulls whether to delay a sales tax hike over fears it could damage the fragile economy. Inflation data ...

  Tokyo / Bloomberg Suzuki Motor Corp.’s minicar sales fell 18 percent in Japan this month, after the automaker disclosed using improper methods to test the fuel economy of more than 2.1 million vehicles. Dealers heard both encouragement and criticism from customers after Suzuki said May 19 that it didn’t use a test method required by Japanese law, Chairman Osamu ...