News

  Dubai / WAM Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of Emirates Group, the Department of Economic Development (DED), Government of Dubai, launched a new initiative – the Business Community Engagement (BCE) to deepen and strengthen DED’s relationship with the business community. ...

  Dubai / WAM The Secretary General of Dubai Economic Council (DEC) Hani Al Hamli, said that the UAE, specifically Dubai, enjoys close economic relations with China, the second largest economy in the world, in various fields and it is the time to deepen these relationships and turn them into partnerships that involves strategic projects to be carried out by the ...

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Sunday reported its financial results for the first quarter ending March 31. Mashreq’s CEO, AbdulAziz Al Ghurair, said: “Given the challenging market conditions, Mashreq has approached the 2016 fiscal year with a pragmatic outlook. We responded quickly to the early signs of the market ...

  Sunaina Rana / Emirates Business Increasing role of social media sites in the domain of recruitments has been phenomenal. Considering the immense scope that the technology sector could open in the field of hiring, UAE-based organisations are putting much emphasis on refurbishing their online activities. While focussing on the role of technology in HR departments, delegates would primarily focus ...

  ABU DHABI / Emirates Business Abu Dhabi Airports launched its reading campaign, in cooperation with Abu Dhabi Tourism & Culture Authority, as part of the nationwide “Year of Reading” – by opening a library at Abu Dhabi International Airport. The library is located in the link between Terminals 1 and 3, and will provide passengers with access to a ...

  Sharjah / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, directed the allocation of AED2.5mn worth of books to enrich Sharjah’s public, school and university libraries. The initiative, which will significantly expand the number of titles available to the public, comes in line with 2016 being declared ...

  Beijing / AFP Electric cars have their highest-profile prophet in US-based entrepreneur Elon Musk and their widest adoption in Norway, but China’s vast auto market will decide their worldwide future, experts say. Top global brands will be fighting it out to electrify buyers at China’s premier car show opening on Monday in Beijing. The country is already the world’s ...

Tokyo / Bloomberg Japan’s Prime Minister Shinzo Abe said on Sunday he will create an extra budget to address the economic damage caused by deadly earthquakes in Kumamoto earlier this month. Abe wants to pass the budget before the current parliamentary session ends on June 1, which comes ahead of an upper house election in July. The earthquakes, which killed ...

  Sydney / Bloomberg Australia’s government ruled out curbing a tax break for property investors as it woos homeowners ahead of an expected July election. Prime Minister Malcolm Turnbull confirmed there will be no reform of so-called negative gearing, which allows investors to deduct the costs of owning a rental property, including mortgage interest payments, from their taxable income. That ...

  New Delhi / AFP India’s government has revoked embattled former airline boss Vijay Mallya’s passport, after he failed to appear before investigators over a loan probe, the foreign ministry said on Sunday. Mallya, a part-owner of the Force India Formula 1 team who used to run Kingfisher Airlines, left India on March 2 despite calls for his arrest and ...