News

  Dubai / Emirates Business The use of stone in construction and interior design now extends beyond flooring and furniture production. In line with the same, Smart Konnect recently launched FlexStone, an exclusive gallery displaying a unique range of chic, fashionable and eco-friendly artificial stones, murals & floors for interior & exterior application. “We are extremely pleased to launch a ...

  RITIKA SHARMA / Emirates Business The UAE has yet again established itself as one of the most preferred choices for destination weddings, with the industry pegged to grow 100% in the country by end of the year. This was revealed in a recent survey which pegged the global destination-wedding industry at US$80 billion, representing 27 percent of the overall global ...

  ALKESH SHARMA / Emirates Business In the Middle East region, decisive drivers responsible for rapid progression in the digital market are expected to stay robust in the coming days. With its number of internet users nearly grown twice in the past five years, Middle East and North Africa (MENA) region is well on the track and has remained one ...

  Sunaina Rana / Emirates Business As the country advances towards new technical industrialisation, cyber threat is a growing concern among various sectors. In wake of the same, IBM security has recently announced a new cloud-based version of the company’s cognitive technology trained on the language of security as part of a year-long research project. Ahmed El-Zaher, Security Unit Leader, ...

  Dubai / Emirates Business Free zones of the past functioned as isolated economic clusters with little to no interaction with the local economy. In the highly digitized and innovative future, however, free zones will need to be more integrated and collaborative in their approach and open their doors to global talent, investments and technologies, according to experts on the ...

  Abu Dhabi / Emirates Business The pragmatic approach of the UAE towards its allies and neighbouring nations has enabled the country to build strong relations and play a key role in finding solutions to regional and international issues, stated His Excellency Omar Al Bitar, UAE Ambassador to China, while addressing a lecture on the topic ‘UAE 7 Star Diplomacy’ ...

  Emirates Business According to EY’s latest Global Fraud Survey, Corporate misconduct — individual consequences, only 29% of executives in the Middle East recognize cybercrime risk, compared to 47% globally. The survey found that many respondents maintain the view that fraudulent activity is not their problem, despite recognizing the prevalence of the issue in their own countries. Michael Adlem, EY’s ...

  Reuters Corral Petroleum Holdings is committed to injecting $680 million into its Moroccan refiner Samir to try to reverse a decision placing it in liquidation, a lawyer for Corral said. Morocco’s sole refiner halted production in August due to financial difficulties then a court ruling in March placed it in liquidation and named an independent trustee to run it. ...

  Bloomberg Iranian miners are seeking $10 billion to develop a domestic aluminum industry that could serve to export 60 percent of production to meet growing demand for the metal used in cars to jets and beverage cans. The raw material bauxite needed to achieve that goal is proving hard to find. Iran’s aluminum production of 350,000 metric tons a ...

  New Delhi / Bloomberg India’s parliament passed a bill to overhaul archaic bankruptcy laws, taking Prime Minister Narendra Modi a step closer to fulfilling his pledge to make it easier to do business in the world’s fastest growing major economy. The upper house approved the Insolvency and Bankruptcy Act days after it was cleared in the lower house. The ...