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India eases red tape as foreign firms struggle

  New Delhi / AFP Narendra Modi was elected two years ago this week promising to ease India’s notorious red tape and unpack regulatory tangles, but for foreign firms, doing business in the world’s fastest-growing large economy can still be a costly headache. With a billion consumers and rising middle class, India holds dazzling potential — yet despite signs of ...

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India pins hopes on good monsoon this year

  Kolkata / Bloomberg The monsoon in India, which accounts for more than 70 percent of the annual rainfall, will arrive a week later this year, prolonging a drinking water shortage and delaying planting of crops from rice to cotton and sugar cane. Southern Kerala state will start receiving the seasonal rains from June 7, the India Meteorological Department said ...

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Kerry holds Saudi talks ahead of Syria and Libya meetings

  Jeddah / AFP US Secretary of State John Kerry held talks in Saudi Arabia on Sunday to secure its support ahead of a potential showdown with Russia at talks on the Syrian conflict. After his Saudi meetings, Kerry was due to fly to Vienna which this week will host the international contact groups engaged in efforts to halt fighting ...

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Tourism strategy to spur UAE’s diversification plan

  ABU DHABI / WAM A national tourism strategy will provide a framework of action that will help mobilise all stakeholders to position the UAE among the best tourism destinations in the world, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with officials in charge of the tourism sector in his ministry. The minister also called ...

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Zayed Future Energy Prize calls for entries

  Abu Dhabi / WAM Individuals, organisations and schools in the United Arab Emirates have been urged to help transform the lives of millions of people by submitting and nominating entries for the 9th Zayed Future Energy Prize before the closing date on June 27. The prize is the UAE’s international awards for pioneers of renewable energy and sustainability. Submissions are ...

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Beautyworld Middle East to take off today

  Sunaina Rana / Emirates Business The beauty care industry being one of the most resilient industries has witnessed exponential growth globally. One of the fastest growing markets worldwide, Dubai is all set to open doors to the region’s biggest beauty care and products exhibition Beautyworld Middle East on May 15. It is expected that more than 1,500 exhibitors from ...

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China economy eases in April amid rebound worries

  Shanghai / AFP China’s key economic indicators moderated in April from the previous month, official figures showed on Saturday, raising worries over the strength of a rebound in the world’s second-largest economy. Industrial output rose 6.0 percent year-on-year in April, the National Bureau of Statistics said, down from a 6.8 percent jump in March. Economists had estimated a 6.5 ...

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Nigeria hosts global summit on Boko Haram

  Abuja / AFP Nigeria on Saturday hosted talks on Boko Haram with regional and Western powers, as the United Nations warned of the militants’ ties to the IS group and its threat to African security. Leaders from Benin, Cameroon, Chad and Niger were among the delegates, alongside French President Francois Hollande, and high-ranking diplomats from the United States, Britain ...

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Brazil’s interim president vows to get country ‘back on track’

  Brazil / AFP Brazil’s acting president Michel Temer vowed to get Latin America’s largest economy back on track after a cascade of crises put an end to 13 years of leftist rule. Temer presided over the first meeting of his new business-friendly cabinet, setting out its priorities: creating a leaner government, balancing finances to address a crippling recession, and rooting ...

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UAE gives early education a tech boost

  Ritika Sharma / Emirates Business Technological interventions have changed everything from the way to shop to how we play. It has not left the education industry untouched either. Pencils, notebooks and hand-written assignments have given way to tablets and emails, completely changing the way we looked at education just a decade ago. Countries like UAE are leading the bandwagon ...

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