News

Dubai / Emirates Business Dubai Culture and Arts Authority (Dubai Culture), the Emirate’s dedicated entity for heritage, arts and culture, commissioned three UAE based architects to design its stand for its participation in Art Dubai. The stand’s unique design inspires elements from the natural landscape, introduced as a periphery marked by material manipulation, surface treatment and indigenous plants such as ...

Emirates Business Arabian Automobiles Company, the flagship automotive division of AW Rostamani Group and exclusive dealer for Infiniti in Dubai and the Northern Emirates, has announced the launch of its new Infiniti Virtual Showroom on Google Maps powered by Street View Technology, the first-of-its-kind digital facility in the Middle East. The Virtual Showroom brings the premium Infiniti Centre experience, offering ...

Sunaina Rana / Emirates Business Internationally-renowned music streaming service provider Guvera has announced a major product upgrade. The application is set to provide a completely new approach to the way its members engage, discover and recommend music. Ananya Amin, Guvera Chief Commercial Officer, India and Middle East, told Emirates Business, “Guvera’s Social features are supercharged with 3.0. Music Channels based ...

Abu Dhabi / Emirates Business A new report from Accenture (NYSE: ACN) warns that businesses’ use of personal data from consumers is at risk and recommends key strategies and principles to properly protect consumer data, build trust and simultaneously grow their businesses. The report, “Guarding and Growing Personal Data Value,” acknowledges the benefits of using personal data to support innovation ...

Beijing / AP Vietnam risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund chief Christine Lagarde. The Southeast Asian nation isn’t in a position to withstand economic blows from tightening of monetary policies elsewhere, a deep and prolonged drop in commodity prices and ...

Beijing / Bloomberg China plans to more than triple solar power capacity by 2020 to as much as 143 gigawatts to help reduce carbon emissions. The country will add 15 to 20 gigawatts of photovoltaic power annually in the next five years, Nur Bekri, head of the National Energy Administration, said in a conference in Beijing on Monday. China accounted ...

Beijing / Bloomberg Alibaba Group Holding Ltd. sold 3 trillion yuan ($463 billion) of goods through its online shopping websites in the year ending March, as China’s largest e-commerce operator moved deeper into the untapped countryside and courted foreign brands. The company wants to bring in more quality non-Chinese goods and continue to increase its footprint in rural areas to ...

New Delhi / Bloomberg India just ushered in an interest-rate cut, via the backdoor. Although paying postal-savings depositors slightly less for their cash may appear a minor tweak, the move could end up having a bigger salutary effect on bank balance sheets, and the country’s nervous bond market, than the Reserve Bank of India’s 125 basis-point reduction since early 2015. ...

Beijing / DPA Nepal Prime Minister KP Sharma Oli will meet China’s President Xi Jinping and his counterpart Li Keqiang on Monday, while witnessing the signing of several agreements between Nepal and China. Nepali officials have set their sights on signing of Transit and Transportation Agreement with China that will pave the way for Nepal to use the nearest Chinese ...

Bangkok / AFP Thailand’s 4G expansion was thrown into disarray on Monday after a telecoms company that beat more established rivals at an auction last year failed to meet its first payment deadline, voiding the bid. The failure is a blow to the country’s junta who had earmarked money from the lucrative auctions for use in key infrastructure projects and ...