News

  DUBAI / WAM The British University in Dubai hosted the Green Forum to celebrate the success of a university-industry-government collaboration in a study trip to Scandinavia and discuss the feasibility of applying innovative green concepts in the UAE. The trip was organized by BUiD and supported by Al Maktoum Foundation (ENOC) Alkhaleej Sugar, Al Habtoor, and Alrostomani. The Green ...

  Tokyo / Bloomberg Sony Corp. forecast annual profit that fell short of estimates, hurt by costs to repair a factory that was damaged in the Kyushu earthquake, lost sales and slowing demand for smartphone components. Net income will probably decline 46 percent to 80 billion yen ($732 million) in the 12 months ending March 2017, the Tokyo-based company said ...

  Tokyo / Bloomberg Southeast Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte. As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, ...

  Tokyo / AP Toyota said it will recall nearly 1.6 million more vehicles in the United States to correct possible defects in front passenger air bag inflators made by the Japanese company Takata. The decision, which was announced late on Monday, was made based on recent information from both Takata and the US National Highway Traffic Safety Administration (NHTSA), ...

  Moscow / The Diplomat Russia has inked a new deal with Laos for the repair of military equipment. According to media reports, Russian Helicopters, which is part of the state firm Rostec, signed the contract with the Laotian defense ministry. Under the four-year deal, experts from the firm will carry out helicopter repairs. Among the equipment to be serviced ...

  New Delhi / Bloomberg Barely a year after ordering sugar mills to compulsorily export from a mountain of stockpiles, India is struggling to cope with spiraling prices and a potential shortage. After the strongest El Nino in two decades shriveled crops, India’s production is set to decline for a second year to the smallest in seven years. That’s alarmed ...

  ALKESH SHARMA / Emirates Business Middle East corporate sector needs to overhaul its in-house strategic planning activities and adopt the best practices to float smoothly even during crisis situation. Moreover, a stout strategic planning in place could capably address the recurring resilience concerns among the enterprises. Survey reports say that over 73 percent of the Middle East enterprises put ...

  Dubai / wam & emirates Business Dubai Parks and Resorts has confirmed that the AED 1.68 billion Rights Issue, which was announced on the April 19, was oversubscribed at the end of trading on May 23, underlining strong investor support. Total subscription as at close of May 23 amounted to AED 2.1 billion. The Rights Issue is intended to ...

  Sunaina Rana / Emirates Business Economic diversity will help reducing growth fluctuations in the region, attracting a host of international and private investors. The 22nd edition of the Foundation of directorship Workshop held recently by the GCC Board Directors Institute highlighted the significance of the regulatory trends. The event witnessed participation of senior officials which included Board directors and ...

  Dubai / Emirates Business Lady Luck is soon going to shine on 56 expatriates residing in the UAE this holy month. UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, in a new initiative to empower the people and bring a positive change in their lives, has launched its new summer promotion today. The ‘Change Your ...