News

  Abu Dhabi / WAM The Abu Dhabi Education Council (ADEC) announced that Abu Dhabi schools are ready for the end of the 2015-2016 year examinations. As many as 64,875 students will sit for their exams, out of whom 14,733 students will sit for Grade 12 Ministry of Education (MoE) curriculum examinations. Grade 12 examinations are scheduled to start on May ...

  Tokyo / AFP Japan sidestepped a recession after its economy grew in the first quarter, preliminary data showed on Wednesday, but efforts to cement recovery in the world’s number three economy were gaining little traction. Gross domestic product expanded by 0.4 percent between January and March — or 1.7 percent at an annualised rate — after a contraction in ...

Tokyo / Bloomberg Suzuki Motor Corp. said it used fuel-economy testing methods that weren’t compliant with Japan regulations on about 2.1 million vehicles sold locally. The automaker said it won’t need to revise the ratings, as proper testing showed earlier results were within an acceptable range of deviation. Suzuki used a tunnel to test the fuel efficiency of its vehicles ...

  Tokyo / Bloomberg Mitsubishi Motors Corp. President Tetsuro Aikawa will step down as the Japanese automaker looks to regroup from its widening fuel economy testing scandal with the backing of Nissan Motor Co. Aikawa, 62, and Executive Vice President Ryugo Nakao will leave their positions effective June 24, according to a statement Wednesday. Mitsubishi Motors used “desktop calculations” to ...

  Washington / Bloomberg Microsoft Corp. agreed to sell its feature phone business to FIH Mobile Ltd. and HMD Global for $350 million, exiting a business that once dominated the mobile market under the Nokia name before Apple Inc.’s iPhone. FIH, part of Foxconn Technology Group, will also acquire a manufacturing facility in Hanoi, Microsoft said in a statement on ...

  Tokyo / AFP Finance ministers and central bankers from the G7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy. The group — including US Treasury Secretary Jacob Lew and European Central Bank President Mario Draghi — converge at a hot spring ...

  OUR CORRESPONDENT / Emirates Business With half of its population under the age of 25, Middle East and North Africa (MENA) region has the second youngest population among world regions after sub-Saharan Africa, and it will be greatly altered in the next decade. During the Insead’s Middle East Career Development Conference (MECDC), industry experts emphasised upon providing a pool ...

  Sunaina Rana / Emirates Business In the wake of recent fluctuations in the luxury market, the third edition of the Arab Luxury World conference will bring together regional and international players of the industry to share their knowledge, data and research on consumer needs. The concern has been raised globally. Job cuts and consolidation have not left the luxury ...

  Abu Dhabi / Emirates Business VPS Healthcare, one of the largest healthcare conglomerates in the region, and Penn Medicine – amongst the Top 10 Healthcare systems in the USA – are hosting a two-day conference on International Diagnostic Radiology and Medical Lab on May 19 and 20 in Abu Dhabi. The unique conference is being held under the patronage ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah’s largest real estate developer, Al Hamra Real Estate Development (AHRED), has announced the completion of the Bayti community of upmarket townhouses and properties. A total of 118 townhouses have been built with phase one currently being handed over. Prices for a spacious three-bedroom townhouse start from AED 1.55 million (AED ...