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Bangkok / AFP A Thai tuna processing factory has agreed to pay staff $1.3 million compensation for a litany of labour abuses, an official said on Tuesday, a rare victory for migrant workers in the kingdom’s scandal-stricken seafood industry. Hundreds of Myanmar labourers at Golden Prize Tuna Canning, a processing plant in Samut Sakhon that sells fish to markets around ...

New Delhi / Bloomberg It’s not just taxpayers who will make Indian banks whole. Tax cheats are being pressed into service as well. State-run Indian lenders are gasping for breath, as the central bank forces them to recognize bad loans and make provisions. The 250 billion rupees ($3.7 billion) in fresh capital that Finance Minister Arun Jaitley has pledged to ...

Abu Dhabi / Emirates Business In line with its commitment to Emiratisation and developing the local talent pool, RAKBANK has initiated its new two-year Management Associate Programme, ‘IRTIQA’, which was revealed at the Ras Al Khaimah (RAK) Employment and Training exhibition that is being held from March 1-3. As part of the new initiative, fresh Emirati graduates will be part ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority has announced an increase of 23.7 percent in occupancy across the emirate’s hotels and resorts for the month of January 2016. Figures from the industry for the first month of the year show that 2016 is off to a strong start for Ras Al Khaimah’s tourism sector with ...

Dubai / EMIRATES BUSINESS Businesses in the Middle East and Africa region are increasingly looking at sustainable solutions for data management to accelerate decision-making processes, ensure high-levels of data security, and manage workloads. A recent study by Accenture predicts that an effective implementation and use of digital technology can boost the UAE’s economic output by $13.8 Billion by 2020. The ...

Sunaina Rana / EMIRATES BUSINESS Manufacturers, professionals and key decision makers from the Middle East paper, office supplies, and stationery market shared the stage, as the industry’s dedicated trade show opened on Tuesday with the largest exhibitor turnout in its six-year history. With 305 exhibitors from 36 countries spanning more than 5,000sqm at the Dubai International Convention and Exhibition Centre, ...

Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, on Tuesday announced that it will highlight its innovations and involvement in the aerospace, aviation, defense and space sectors at the upcoming Global Aerospace Summit 2016, hosted by Mubadala Development Company. Part of the Abu Dhabi ...

Dubai / Emirates Business Emirates Gas (EMGAS), a subsidiary of Emirates National Oil Company (ENOC), has achieved the ISO 22301 certification, a global benchmark that measures business preparedness in the face of disruptions. EMGAS is one of few companies in the oil and gas sector to be recognised for the adoption of international standards for Business Continuity Management and is ...

Dubai / Emirates Business Gulf Craft impressed crowds at the Dubai International Boat Show with the global unveiling of its latest innovations, including two luxury superyachts in its Majesty Yachts brand, and an oceangoing yacht from the Nomad Yachts series. The debuts were part of the Emirates-based shipyard’s impressive display of 14 bespoke yachts and boats – valued at approximately ...

Abu Dhabi / Emirates Business Abu Dhabi International Airport and Costa Coffee hosted a ceremony to inaugurate the global coffee chain’s 134th store in the UAE. The UK-based coffeehouse is the latest commercial food and beverage offering at Abu Dhabi International Airport. Daniel Cappell, Abu Dhabi Airports Acting Chief Commercial Officer, joined Costa Coffee UAE’s General Manager, Eric Hughes, and ...