Frankfurt / AFP Greece has “basically achieved” the objectives of the reforms required by its creditors and its eurozone partners will begin discussing possible debt relief for the country, according to European Commission head Jean-Claude Juncker. “We are now at the time of the first review of the programme (to aid Greece) and the objectives have been basically achieved,” ...
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Crunch Eurozone meet to discuss on Greece debt deal
AFP Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations. The ministers from the 19 countries that use the euro — the Eurogroup — will also discuss debt relief for Greece, which the International ...
Read More »UK is safer remaining in European Union, say former spy chiefs
Bloomberg The U.K. will be safer staying in the European Union, two former chiefs of the country’s security services said, before voters head to the polls next month in an in-out referendum. Cooperation with the 27 other EU members means Britain is better placed to tackle threats ranging from IS terrorism to cyber-attacks by hostile governments, former MI5 chief ...
Read More »ECB to halt production of €500 banknotes
FRANKFURT / AP Production of the 500-euro banknote is being discontinued amid concerns it had become too popular among crooks and money launderers. The European Central Bank, the monetary authority for the 19 countries that use the shared currency, made the decision at a meeting. The ECB said it was taking into account concerns that the banknote, which is ...
Read More »Robots: The next big thing in aviation
ALKESH SHARMA / Emirates Business After beacons and self-automated kiosks, robotics is the next innovative kid on the block that is all set to bombard the world of smart airports in the coming months. Aviation experts maintain that an investment of upto $5 billion is expected to be made in the sector of aviation robotics in next three years. ...
Read More »Meet on ‘Smart Dubai’ initiative
Dubai / Emirates Business The Smart Dubai Office (SDO) recently organized an introductory meeting at Dubai Department of Economic Development (DED) as part of its general plan based on working jointly and combining efforts with the founding strategic partners to make a success of the SDO’s initiative aimed at firmly establishing Dubai as the smartest city on earth by ...
Read More »Mobile-optimised workplace drives productivity
Sunaina Rana / Emirates Business As digitalisation triggers a boom in almost all sectors in the economy, a recent study in the UAE — as part of global survey ‘Mobility, Performance and Engagement’ — stated that the rise in employee engagement can upgrade performance at the workplace with assistance from mobile strategy. According to the survey, access to the ...
Read More »MOI magazine urges employees to weed out bad apples at workplace
ABU DHABI / Emirates Business As the UAE rolls out its happiness movement with the newly-established Ministry of State for Happiness, focus is being shifted towards eradicating negativity, and everyone in the community has a role to play in making this happen, a report in the latest issue of the 999 Magazine says. The 999 Magazine, the official monthly ...
Read More »Bespoke smart tech revises DLD’s classification system
Emirates Business A complete overhaul of Dubai’s building classification is currently underway, led by Dubai Land Department’s (DLD) Technical Affairs Department. The DLD’s state-of-the-art Building Classification System (BCS) has so far enabled the surveying of 20,000 plots of land, and more than 120,000 units including apartments, offices, retail, schools, and public amenities. This was done via a bespoke smart ...
Read More »ADNOC Distribution opens Kaber station in Umm Al Quwain
Emirates Business In its efforts to continue its expansion plans in order to reach the establishment of more than 450 stations in the UAE by 2017, ADNOC Distribution has announced the new opening of Kaber service station in Umm Al Quwain. ADNOC Distribution is keen to employ all its capabilities and expertise to provide the station with all the ...
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