Uncategorized

  Sunaina Rana / Emirates Business The UAE construction industry is currently moving up its growth ladder, thanks to buoyant infrastructure projects that are in the pipeline as part of the country’s Vision 2021. One of the ventures on the cards is Boulevard Point in Downtown Dubai. UAE-based construction firm Arabian Construction Company (ACC) has been awarded the contract to ...

  ALKESH SHARMA / Emirates Business Increasing attention on converged systems and cloud solutions has started taking a toll on the Middle East’s hardware market. As more enterprises and businesses in the region move towards cloud computing, hardware market registered a flat growth in 2015, according to a recently released data. In a new research report released by International Data ...

  Abu Dhabi / WAM His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has given directions to start the legislative procedure of drafting a UAE National Reading Law, which aims to ensure the sustainability of all government efforts to consolidate reading in the UAE for all ages, as well as identify the key responsibilities of government agencies ...

    DUBAI / EMIRATES BUSINESS His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and His Highness Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai International Marine Club, attended the 22nd Business Excellence Awards ceremony hosted by the Department of Economic Development (DED) in Dubai and honoured 42 winners of Dubai Quality ...

  Moscow / AFP Desperate efforts to salvage Syria’s ceasefire shifted to Moscow on Tuesday as the country’s battered second city of Aleppo came under fresh fire that killed at least four people. Foreign Minister Sergei Lavrov was due to hold talks with UN envoy Staffan de Mistura in the Russian capital in a last-ditch bid to rescue peace negotiations that ...

  INDIANAPOLIS / AP Republican Ted Cruz faces a high-stakes test for his slumping presidential campaign in Tuesday’s Indiana primary, one of the last opportunities for the Texas senator to halt Donald Trump’s stunning march toward the GOP nomination. Cruz has spent the past week camped out in Indiana, securing the support of the state’s governor and announcing retired technology ...

  Dubai / WAM The United Arab Emirates (UAE) can become the clean energy finance capital of the world, according to Dr. Nasser Saidi, former chief economist of the Dubai International Financial Centre (DIFC), and Chairman of the Clean Energy Business Council (CEBC). Dr. Saidi said that UAE’s capital markets could ‘own the clean energy finance space’ and in doing ...

  ALKESH SHARMA / Emirates Business With around 1.5 million square meters of natural beachfront land and 7-kilometer of waterfront with easy access to the beach from every unit, Hidd Al Saadiyat offers a marvelous housing option that is strategically positioned on the picturesque outskirts of Abu Dhabi. Located in Saadiyat Island, the cultural district of the capital, Hidd Al ...

  Canberra / AFP Australia’s government on Tuesday unveiled an election-focused budget to shore up economic growth amid a rocky transition from dependence on mining, doling out tax cuts for individuals and businesses. The annual announcement came as the central bank slashed interest rates to a new record low of 1.75 percent, following recent unexpectedly weak consumer prices, in order ...

  Bloomberg The European Commission told the euro area’s largest economies to reduce debt and modernize labor markets as it again slashed its inflation forecast and warned of slower-than-predicted growth across the 19-nation bloc. France, Spain and Italy, which have persistently failed to hit European Union budget targets, are still off track, the Brussels-based commission said. Gross domestic product in ...