News

Bloomberg A U.K. services gauge dropped in February as concerns about global growth, market volatility and the possibility of a British exit from the European Union rattled the biggest part of the economy. The Purchasing Managers Index published by Markit Economics on Thursday fell to 52.7 — the lowest since March 2013 — from 55.6. Economists had forecast a reading ...

Bloomberg Germany is falling woefully short of its target to have one million electric vehicles on the streets by 2020 so it feels the need to do something. Enter the taxpayer: the government is considering a €5,000 ($5,419) incentive to lure would-be buyers. That money could be better spent. Electric vehicles’ share of German sales: 0.4% The industry has a ...

RITIKA SHARMA / Emirates Business Roll, camera and, action. Given the number of Hollywood and Bollywood movies shot here, the world is well aware of the potential and the appeal of the Emirates capital as a hot spot for the film and television industry. Now, authorities recognise that too. Aiming to give a major boost to the Emirati film and ...

ALKESH SHARMA / Emirates Business Considering the ever-mounting role of technology in almost all the domains of the corporate set-up, the reliance of the industry on intelligence services is bound to grow manifold in the coming years. According to Gartner’s 2015 Market Guide for Security Threat Intelligence Services, by 2018, 60 percent of enterprises will utilise commercial threat intelligence services ...

Bloomberg The United Arab Emirates is seeking to establish Budapest as a bridgehead for onward flights in a move that could allow two of the Gulf region’s biggest airlines to carry people between central Europe and the USA. The application for so-called fifth-freedom rights concerns services to two points beyond Hungary, Saif Al Suwaidi, director general of the UAE’s General ...

Sharjah / EMIRATES BUSINESS Bukhatir Education Advancement & Management (Beam) has been recognised for its pursuit of academic excellence through classroom technology and innovation after it was presented with a Promethean Centre of Excellence Award, thereby making two Beam schools the only ones in the Middle East to have attained the prestigious accolade. Robert Speed, Promethean Head of Middle East ...

Dubai / Emirates Business Lacklustre growth in the West coupled with a slowdown in China and Russia means global fragrance houses are training their sights on the Middle East and Africa, with twelve of the world’s top 18 ready to line-up at Beautyworld Middle East 2016. According to analysts Euromonitor International (EMI), The Middle East and Africa (MEA) will be ...

Ritika Sharma / Emirates Business From five star luxury yachts to eco-boats and personal submarines – the ongoing International Dubai Boat show has attracted the latest innovations in the GCC’s marine industry. The range of water crafts being exhibited at the show are a reflection of variety and novelty in the region’s industry. The 24th edition of region’s leading marine ...

Dubai / Emirates Business Ladybird Early Learning Centre is set to change the face of pre-school education in Dubai when it opens its doors to little learners aged from 6 months to 5 years-old in July 2016. Located within Jumeirah Village Circle, the warm and welcoming purpose-built centre boasts state-of-the-art, environmentally-friendly facilities, and will follow the UK’s Early Years Foundation ...

Sunaina Rana / Emirates Business The Italian luxury car brand Maserati, has finally introduced its first SUV in its hundred-year history: the Levante. Maserati’s new car’s name has been inspired by the wind. The Levante is a warm Mediterranean wind that can change from a light breeze to an irresistible natural force in an instant, mirroring the character of the ...