News

  Sunaina Rana / Emirates Business Technology has been evolving with numerous innovations to improve the living standards of people. Jumping on the high-tech bandwagon, ASUS Chairman Jonney Shih took the center-stage at Computex 2016 to unveil Zenbo — the first home robot — along with a stunning portfolio of third-generation mobile products designed to provide users with revolutionary functions ...

    ALKESH SHARMA / Emirates Business In the UAE, non-Arabic language cinema seems to be more money-spinning as it is accounted for making nearly three times more at the box office than Arabic titles. According to ‘Media Industries in the Middle East 2016’ report, the average box office revenue per title for non-Arabic films in UAE was around $467,000 ...

Dubai / Emirates Business The Sustainable City, based in Dubai, has announced that they are now successfully producing clean and sustainable energy using ‘Solar Power Panels’. This recent accomplishment has made The Sustainable City the first residential project in Dubai to produce clean energy for over 500 villas, which are spread out over five residential clusters, and which comprise of ...

  Dubai / Emirates Business The third edition of Arab Luxury World was held successfully, rich with valuable insights and learnings for those in attendance. Organised by Mediaquest, the two-day conference took place at The Westin Dubai Mina Seyahi. More than 30 panel discussions, presentations and private sessions provided an in-depth exploration of the latest ideas and trends in the ...

  Tribune news service Bahrain’s Public Relations (PR) sector is under threat from an economic slowdown caused by low oil prices, according to an expert. The government has launched an austerity drive to tackle rising public debt and reduce the national deficit, but lower public spending also means less investment in the private sector. US presidential advisor Mary Jo Jacobi ...

  Dubai / Emirates Business Supply chain risk in the Middle East and North Africa remained relatively stable during the first quarter of the year, at 4.371, according to the CIPS Risk Index, produced by Dun & Bradstreet for the Chartered Institute of Procurement & Supply (CIPS). The score remains high however by historical standard and compared to other regions, ...

  Seoul / AFP Tens of thousands of North Koreans, brandishing red flags and chanting slogans, paraded in Pyongyang to celebrate the start of the Stalinist regime’s latest five-year economic plan, state media reported on Thursday. The “mass mobilization” took place on Wednesday in the sprawling Kim Il Sung square in the North Korean capital. It marked the beginning of a ...

  Vienna / AFP Austrian steelmaker Voestalpine said on Thursday it had pulled off a slight increase in full-year profits despite a “negative” international economic climate that has hampered steel and oil prices. Investors cheered the results which beat analysts’ forecasts. Shares in Voestalpine, which specialises in steel used in the rail, automobile, aviation, home appliances and oil and gas ...

  Tokyo / AFP Japan has temporarily suspended live cattle imports from Australia after “some” cows were found to have a gastrointestinal disease, the agriculture ministry said on Thursday. The infected animals arrived in Japan by air and tested positive for Johne’s disease, also known as paratuberculosis, while in quarantine, a ministry official said. Tokyo imposed a temporary ban on ...

  New Delhi / Tribune News Service Indian companies’ earnings growth is recovering and they are all set to post a double-digit profit growth for the fiscal years to come, after seeing flattish to weak growth for a few years now, according to analysts. To be sure, this growth comes on a low base. Kotak Insititutional Equities, an arm of ...