News

  Seoul / AFP South Korea on Thursday cut its key interest rate to a record low 1.25 percent in a surprise move to address concerns over the impact of corporate restructuring on the sluggish economy. The Bank of Korea’s 0.25 percentage point reduction was the first in 12 months but there had been little hint of such a move, ...

  New Delhi / Bloomberg India will introduce competitive auctions for wind farms this year in a bid to fulfill Prime Minister Narendra Modi’s goal for 60 gigawatts of capacity by 2022. Varsha Joshi, joint secretary at the new and renewable energy ministry, said the auctions for 1 gigawatt of capacity will start in two months and have a minimum ...

  Tokyo / AFP Conservation activists on Thursday showed undercover video they say suggests that a “huge loophole” in Japanese law enforcement is hindering efforts to rein in illegal ivory trading. Experts say most illegal ivory heads for China, where it is seen as a status symbol. By some estimates the country accounts for as much as 70 percent of ...

  LONDON / EMIRATES BUSINESS United Arab Emirates is ranked as the 61st country in the Global Peace Index (GPI) 2016 released on Wednesday, and is ranked third out of the 20 countries in the Middle East and North Africa region. The tenth edition of the GPI highlights a stark and growing inequality in global levels of peacefulness as the ...

  RAS AL-KHAIMAH / WAM Julphar, Gulf Pharmaceutical Industries, has launched its latest Continuous Medical Education, CME, programme for pharmacists, “JUMP” (Julphar Updates on Modern Pharmacy) at the Park Hyatt Hotel in Dubai. The launch event was attended by over 200 pharmacists from the UAE and was an opportunity for to address the audience on pharmacists’ responsibility in the art ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, exchanged greetings over the phone with His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Crown Prince of the State of Kuwait, and the Grand Imam Dr Ahmed Al-Tayeb of Al-Azhar Al-Sharif, on the occasion ...

  DUBAI / Emirates Business The Roads and Transport Authority (RTA) scooped the ‘Leadership Award for Outstanding Contribution towards Building Smart Cities Award’. Abdullah Ali Al Madani, CEO of RTA’s Corporate Technology Support Services Sector, received the award in recognition of his outstanding performance and strenuous efforts towards transforming Dubai into the smartest city worldwide within three years. An announcement ...

  ALKESH SHARMA / Emirates Business Digital transformation has been the success mantra for many enterprises in the Emirates. With the region’s digital economy set to surge twice over the next three years, data security and the continuous emergence of digital innovations are predicted to play a remarkable role in the UAE’s efforts to drive its digital economic growth. According ...

  RITIKA SHARMA / Emirates Business Although, as a term and an occupation, ‘life coaching’ is not a very old profession, but today it is a multi-million dollar industry with an estimated 100,000 life coaches working professionally across the world. Interestingly, it is the second fastest growing industry in the world after Information Technology. As UAE is one of the ...

  Dubai / Emirates Business Dubai Land Department (DLD) has announced the launch of the Dubai Global Initiative Real Estate Connect programme, a scheme from the Dubai Real Estate Institute (DREI) — the educational arm of the government department. The programme will begin with a visit to Delhi and Bangalore, India from August 12-17. The inception of the programme will ...