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  Abu Dhabi / Emirates Business Smart Home Show, a unique event dedicated to promoting energy conservation in the emirate of Abu Dhabi, brought the curtains down on a highly successful second edition at Al Ain Convention Centre that drew thousands of visitors across a four-day run. Organized by Al Ain Distribution Company (AADC), the event received high interest from ...

  Sunaina Rana / Emirates Business Telecommunication is very vital for any company. Considering the same, honchos of the industry gathered at the SAMENA telecom Leaders’ summit 2016 and looked into various aspects needed to further strengthen the sector. SAMENA Council’s Telecom Leaders’ Summit 2016, which opened in Dubai, was a host to may dignitaries from Middle East, Africa, Asia ...

  Dubai / Emirates Business Ahead of the Middle East Hotel Awards (MEHA) 2016 this week (May 24), judges have revealed a 63% increase in entries.From hundreds of entries, judges noted particular increases in entrants from hotels in Saudi Arabia, Bahrain, Kuwait, Lebanon and Jordan. As many as 70 hotels and hotel suppliers have now been shortlisted across 24 award ...

  Abu Dhabi / Emirates Business Following an intensive evaluation process, the UAE Research Program for Rain Enhancement Science has shortlisted 15 of the most advanced pre-proposals from world-leading experts as part of the evaluation process of its ongoing second cycle. The research teams that made the cut belong to North America, Europe, the Middle East and Africa. The selected ...

  Reuters Energy giant Saudi Aramco is ready to supply up to 270,000 barrels per day (bpd) of crude oil to a refinery it will jointly upgrade with Indonesia’s Pertamina, chief executive of the Southeast Asia state-owned energy company said on Monday. Forecasting growing crude oil demand, Saudi Aramco is seeking to invest further in Indonesia’s refining and petrochemicals sector, ...

  Reuters Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia’s finance minister. Speaking to Reuters on the sidelines of the annual IDB meeting of governors in Jakarta recently, Bambang Brodjonegoro said the four could contribute around $300 million each for ...

  Tehran / AFP India is to open a $500-million line of credit to develop Iran’s Chabahar port into a regional trading hub, visiting Indian Prime Minister Narendra Modi said on Monday in Tehran. “The bilateral agreement to develop the Chabahar port and related infrastructure, and availability of about $500 million from India for this purpose, is an important milestone,” ...

  Tokyo / AFP The yen picked up on Monday after the G7 wagged its finger at Japan over threats to weaken its currency, reminding Tokyo of previous commitments not to intervene in forex markets. The currency clash was in the spotlight as finance ministers from the club of rich nations met in northern Japan at the weekend for two ...

  Beijing/ Bloomberg A group of Chinese investors agreed to buy Aixtron SE, a German supplier of semiconductor equipment, for about 670 million euros ($752 million), giving the manufacturer a chance to boost sales by expanding in Asia. The deal values Aixtron at 6 euros a share, the equipment maker said Monday in a statement. That’s 25 percent more than ...

  Shanghai / AFP The controversial boss of Chinese solar energy firm Hanergy Thin Film Power Group has stepped down as chairman and executive director, the company said, almost a year after its shares imploded. Li Hejun stepped down “for the reason of strengthening corporate governance”, Hanergy said in a statement to the Hong Kong stock exchange, where its shares ...