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ALKESH SHARMA / EMIRATES BUSINESS The region’s recent encounter with treacherous weather underlines the importance of being equipped with adequate disaster management solutions. While Oman was hit by severe floods, torrential rain and electrical storms battered UAE. Flooded roads made commute difficult, the city’s international airport was closed down, and the schools were shut. The municipality had to urge people ...

Our Correspondent Emirates Business Luxury brand Maserati has launched its new editions coupled with the sartorial excellence of Ermenegildo Zegna Interiors — Italian luxury fashion brand. The new edition has arrived at Al Tayer Motors and Premier Motors showrooms. The designs — available in three colour alternatives for the interiors of the Quattroporte and Ghibli —form the Maserati’s most attractive ...

EMIRATES BUSINESS Waiwera Artesian Water, the world’s leading water brand from New Zealand which is internationally renowned for its award-winning taste, impressive health qualities and iconic green bottle and is 100% Halal, is now available in the UAE. Adyton One General Trading – the Dubai-based top food and beverage distribution company, has acquired the distribution rights for Waiwera Artesian Water ...

Sharjah / Emirates Business Al Qasba Street Fiesta (QABAM), where live music and interactive art events merged into one fun-filled and artistic platform for all visitors, kicked off on March 10, at “Al Qasba”, Sharjah’s premier tourist and leisure destination. QABAM welcomed Sharjah residents and visitors through a colorful mix of animated and sparkling artworks, various artistic and entertainment activities ...

Bloomberg Algeria is the latest country in the Middle East and North Africa to push ahead with early preparations for a nuclear power facility. The Algerian Commissariat of Atomic Energy (Comena) has started initial talks with Russian state nuclear provider Rosatom about the potential for atomic energy in Algeria. The North African state has set a target for generating its ...

New Delhi / Bloomberg Asia needs to take a leadership role in the global economy that reflects the continent’s growing clout, International Monetary Fund Managing Director Christine Lagarde said. Asian officials should keep monetary policy supportive, while using fiscal policy to boost growth and macro-prudential measures to protect financial stability, Lagarde said in a speech on Saturday in New Delhi. ...

New Delhi / AFP India’s central bank chief on Saturday said “new rules of the game” were needed for monetary policy-making, arguing that greater oversight was crucial in an increasingly integrated global economy. Central banker Raghuram Rajan proposed a traffic light-style system whereby a central bank’s policies could be rated red, orange or green depending on their level of harmful ...

Hong Kong / AFP Ratings agency Moody’s downgraded its outlook for Hong Kong on Saturday, citing increasing political riskiness and closer economic ties with China, which is facing a growth slowdown. Moody’s changed Hong Kong’s outlook from “stable” to “negative” as the semi-autonomous city continues to reel from political unease following mass pro-democracy protests in 2014. The city saw violent ...

Beijing / Bloomberg China will combine its biggest state-owned enterprises as part of a sweeping plan to cut overcapacity in the $18 trillion sector but won’t see the widespread layoffs that accompanied a similar overhaul in the 1990s, a senior regulator said. Reform of China’s state-owned enterprises must balance many interests, especially those of employees, Xiao Yaqing, the chairman of ...

Singapore / DPA With fewer contracts to go around and labour costs continuing to rise, construction firms are being squeezed from both sides. The broader effect on the economy may not be dire, with the sector accounting for only about 5 per cent of GDP. But economists expect – and firms fear – that there will be casualties within the ...