News

Tokyo / DPA Japan’s consumer spending is lagging as households prefer savings over investments, despite an upward trend in personal income due to improved employment conditions, according to a Bank of Japan survey. The total amount of financial assets possessed by individuals in cash or savings hit a record high of 902 trillion yen (US$7.98 trillion) at the end of ...

Dubai / WAM The Second Ministerial Economic and Business Conference (EBC II), a flagship programme of the Indian Ocean Rim Association (IORA), will be held in Dubai from April 11-13 in conjunction with the Annual Investment Meeting (AIM) 2016. To be held under the theme of ‘SMEs and Innovation: Investing in a Sustainable Future’, EBC II will recognize the prospects ...

Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, on Saturday announced that total investments in Dubai Silicon Oasis amounted to AED3.6bn in 2015. Projects carried out by the DSOA accounted for half of all investments, while foreign investments at the hi-tech park contributed to the remaining half. Sheikh Ahmed bin Saeed, who ...

ABU DHABI / WAM Throughout last year, Abu Dhabi General Services Company ‘Musanada’ delivered 23 development projects with a total cost of approximately AED11.2 billion throughout the Emirate of Abu Dhabi across various sectors including housing, education, buildings, infrastructure, roads, healthcare, etc. Aimed to serve and achieve the best for the Abu Dhabi community, these projects would keep pace with ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) plans to build 64 132/11 kilovolt (kV) substations over the next three years, which will cost AED 6.7 bn, in cooperation with various developers in the Emirate. These new substations will be linked to existing electricity networks to enhance their capacity and efficiency. DEWA is committed to improving Dubai’s electricity and ...

RITIKA SHARMA / EMIRATES BUSINESS After being exasperatingly stuck in traffic, you head to a mall for that season-end sale. Confusion prevails while you try to locate the sale-offering store. The struggle starts to find the shortest and the sanest direction to reach your destination before the stock (and your enthusiasm) lasts. What you do next is reach out to ...

Sunaina Rana / EMIRATES BUSINESS The phenomenal rise of educational play (or popularly known as ‘eduplay’ theme parks) has given a much-needed boost to the amusement industry in the UAE. This region has seen an exponential growth in the unique concept of ‘edutainment’, strategically combining the tenets of education with entertainment. The novel idea has attracted the interest of the ...

ABU DHABI / WAM While oil-exporting countries face significant challenges as result of global economic turbulences and falling oil prices, the UAE continues to achieve new levels of economic growth. This comes as a direct result of the UAE wise leadership’s forward-looking vision and its precise predictions of the region’s developments which contribute in facing growing global economic challenges, through ...

Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Commercial Bank (ADCB) announced that it has recently won two prestigious Asian Banker awards; “Best Retail Bank in the UAE” and “Best Brand Initiative of the Year” across Asia, MEA, which was awarded to the Bank for its pioneering initiative “Ambition Visualized”. ADCB received the awards during the Asian Banker Excellence in Retail ...

ALKESH SHARMA / EMIRATES BUSINESS Imagine a day when you might face a low-vision challenge. How would you pair your outfit, choose the coffee brand at the supermarket or check the change at the grocery store? For 285 million people suffering from vision problems worldwide (as per the International Agency for the Prevention of Blindness), these everyday tasks are really ...