News

Dubai / Emirates Business A Memorandum of Understanding (MoU) has been signed between Aqdar – the Khalifa Empowerment Program for Students – and Nissan, representing a partnership that focuses on raising awareness of road safety issues among the youth, particularly the students’ community in the UAE. The MoU was signed by Colonel Expert Dr. Ibrahim Mohammad AlDabal, General Coordinator of ...

Sydney / Bloomberg Australia is prioritizing growth over deficit reduction in its economic programme, Prime Minister Malcolm Turnbull said, signaling he expects to close the gap through rising tax receipts from faster expansion. The prime minister, a month out from the budget’s release, signaled no plans to try to accelerate a return to the black — despite eight years of ...

Tokyo / Reuters Influential members of Japan’s top economic advisory panel recommended the government take additional measures to boost consumer spending as a looming recession forces Prime Minister Shinzo Abe to roll out more pro-growth policies. The four private-sector members of the Council for Economic and Fiscal Policy (CEFP) also urged the government to accelerate its plans to raise the ...

Mumbai / Bloomberg Xiaomi Corp. is leading a $25-million investment in India’s Hungama Digital Media Entertainment, an online provider of music and videos, as it seeks to lure more customers in the world’s fastest-growing smartphone market. “India is a fast-growing, strategic geography for us and it’s about time we established our services offerings here,” said Hugo Barra, Xiaomi’s vice president ...

New Delhi / Bloomberg Apple Inc.’s latest attempt to crack the Indian smartphone market — by selling used phones — is meeting a wall of resistance. The iPhone maker is seeking permission to become the first company allowed to import and sell used phones into the country, its second attempt in as many years. This time, the stakes are higher ...

Tokyo / Bloomberg Sharp Corp.’s shares rose after President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal over the weekend that gives the electronics maker a chance to recover from a long slump. The stock climbed 4 percent to close at 130 yen in Tokyo on Monday, while the Nikkei 225 Index was mostly ...

Sydney / Bloomberg Optus, Australia’s second-biggest mobile-phone carrier, plans to cut as many as 480 jobs as it revamps its consumer and enterprise divisions and seeks sustainable growth. The unit of Singapore Telecommunications Ltd. notified affected employees today, with some likely to be offered alternative positions within the company, said a Singtel official who asked not to be identified per ...

ABU DHABI / Emirates Business FGB, one of the leading banks in the UAE, has received the BS OHSAS 18001 Health & Safety Certification by BSI Middle East and Africa. This makes FGB the first bank in the MENA region to have this title, which recognises its ongoing efforts to ensure occupational health and safety in its business environment. The ...

SHARJAH / WAM HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the Kalba public park project at Al Ghail district in Sharjah. The project will include shaded rest houses, BBQ areas, sports facilities and public services utilities. Ali bin Shaeen, Chairman of Sharjah Public Works Department, told the Sharjah Radio that ...

ABU DHABI / WAM An advanced light-emitting diode (LED) technology will replace the conventional incandescent light sources in the 710 kilometre-long federal road network as part of the Ministry of Infrastructure Development’s strategic plan to deliver the UAE Vision 2021 and advance the UAE’s ranking in global competitiveness indices, a source at the Ministry of Infrastructure Development has revealed. LEDs ...