News

Reuters California will increase the amount of money new parents can receive through the state’s paid family leave program under a bill to be signed on Monday by Democratic Governor Jerry Brown. The measure, passed last month by the state legislature, would increase the amount paid to new parents or people caring for a sick family member to as much ...

Bloomberg Puerto Rico Governor Alejandro Garcia Padilla signed an executive order declaring an emergency period for its Government Development Bank to help keep it operating, while declining to halt or suspend its debt obligations. The Development Bank, which lends to the U.S. commonwealth and its municipalities and is running out of cash, faces a $422 million principal and interest payment ...

BRASILIA / Reuters Brazil’s inflation rate slowed sharply in March to below 10 percent a year, the lowest in nine months, although it still remained well above the government’s target despite a severe recession and one of the world’s highest interest rates. Consumer prices as measured by the benchmark IPCA index rose 9.39 percent in the 12 months through March, ...

Dubai / Emirates Business International aviation specialists will convene this April in Dubai at the 4th edition of the World Aviation Safety Summit, to propose new procedures for enhancing a culture of safety across the industry. Global experts will analyse how the sector can ensure that safety is standardised and best practice is implemented worldwide, particularly as airlines in emerging ...

Ritika Sharma / Emirates Business UAE has a comprehensive education system and its competency is recognisedworldwide. Taking a step forward, Dubai-based Academia Management Solutions International (AMSI) has launched ‘AMSI Voices’ — a programme aimed at harnessing the benefits of corporate networking by bringing alumni of different schools under one roof. The annual event will aim at bringing together alumni and ...

Sunaina Rana / Emirates Business UAE-based leading real estate company Manazel is all set to venture into overseas in search of new market. Manzel has recently announced its new project in Jordan aiming at the mid-segment market. “As it has been witnessed that Jordan is experiencing exponential growth, and our new venture ‘Manazel Amman’ is our effort to provide affordable ...

Dubai / Emirates Business Imdaad, a leading provider of integrated facilities, waste and energy management solutions in the GCC, announced that the region’s facilities management (FM) sector is still immature compared to those in other parts of the world but is nevertheless learning well and growing at a fast pace. The company foresees abundant opportunities for the UAE market in ...

Dubai / Emirates Business Global Village concluded its extremely successful 20th season with the highest ever guest attendance at 5.3 million and business transactions worth AED2.2 billion, and closed to a packed house over its final weekend when more than 90,000 guests attended the park while the Lebanese superstar Nancy Ajram took to the stage a spectacular concert to be ...

CAIRO / Reuters Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said, allowing both countries to benefit from maritime zones that were previously untapped. The agreement was signed during Saudi Arabia’s King Salman visit to Egypt during which several investment projects were announced. The technical drawing of the border include the Tiran and Sanafir ...

DUBAI / WAM Jebel Ali Free Zone (Jafza), the flagship free zone entity of Dubai and the trade and logistics hub for the wider Middle East region, achieved strong performance in terms of the quality of investments and the number of new companies registered in 2015. HE Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of ...