News

Bloomberg Chile’s long-heralded economic recovery is on hold once again, at least for the rest of this year, the central bank said, cutting its growth and inflation forecasts for 2016. The world’s largest copper producer will expand 1.25 percent to 2.25 percent this year, policy makers said in their quarterly monetary policy report on Monday. The previous estimate was 2 ...

Bloomberg Rioprevidencia, the pension fund for public-sector workers from Rio de Janeiro state, is holding informal talks with holders of its $3.1 billion in bonds after a waiver for breached debt-covenants expired. Rioprevidencia, which is grappling with a 10 billion-real ($2.8 billion) budget hole this year, isn’t currently considering a full restructuring of its dollar-denominated debt and hasn’t hired any ...

Emirates Business The number of internet users in the Arab World is expected to rise to about 226 million by 2018, according to the Arab Knowledge Economy report 2015 – 2016. The Internet penetration rate will jump from about 37.5 per cent in 2014 to over 55 per cent in 2018, or about 7 per cent above the estimated world ...

Emirates Business As part of its efforts to introduce its partners and members of the diplomatic corps to its future plans as well as to inform them about the economic landscape of the emirate, the Dubai Chamber of Commerce and Industry organised Diplomatic Circle Dinner for ambassadors and members of the Arab and international diplomatic corps in the UAE at ...

Emirates Business Positive economic outlooks, remarkable increase in tourist footfall, rise in per capita income combined with altering consumer behaviours, are together acting as a positive growth catalyst for the retail sector in the UAE. Gauging the immense potential of this sector, corporates are giving sufficient impetus upon improving their facilities and offering customers one of the best shopping experiences.As ...

Sunaina Rana / Emirates Business The Italian luxury car manufacturing company, Maserati announces Dubai as the second location for the Maserati Polo Tour 2016. This event will be second in row after the ‘Snow Polo World Cup’ in Switzerland in January. The Maserati Dubai Polo Challenge will take place from April 3-8 at Desert Palm Polo Club. The participants would ...

Emirates Business Marina Mall, the capital’s leading shopping destination, is celebrating its 15th anniversary with the launch of the ‘15 Years of Inspiring Moments’ festival. From March 28 to April 11, visitors can enjoy 15 days of fun-filled activities at Abu Dhabi’s favourite mall. From Burger House and Huguette to Guy Crêperies, Man’oushe Street and Meylas, food trucks will be ...

Emirates Business Organisers of Codemotion Dubai, to be held from April 1–2 at the Impact Hub, Downtown Dubai, have announced that there is a high demand for tickets for one of Europe’s largest tech conferences devoted to coding development, which is being held for the first time in the Middle East. Offering a unique platform for pioneering coding developers and ...

Sunaina Rana / Emirates Business Exchanging views about the effects of diversification and disruption of technology, business leaders in the GCC will come together on a platform at the Top CEO conference on April 5. Trend Magazine and I INSEAD – the leading international business school, would also be recognizing the Arabian Gulf region’s leaders for their commendable contribution in ...

Sunaina Rana / Emirates Business According to UAE-based portal InternsME.com, internship programmes are a great way to maintain the ‘talent funnel’ which benefits the corporates in reducing unemployment and enhancing work environment. Jean–Michel Gauthier CEO deems that the corporates can avoid hiring the usual up-front and long-term costs of hiring, “Majority of interns are on student or parent visa sponsorship, ...