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ISNR 2026: Demonstrating strong business opportunity

ALKESH SHARMA / Emirates Business Building upon its dependable repute of acting as a fertile ground for facilitating industrial deals and MoU pacts, ISNR 2016’s Business Connect team is all set to arrange more than 3,000 meetings between government, private sector buyers, and exhibiting companies in the forthcoming edition. This is a nearly 60 percent growth over its 2014 edition, ...

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This oil rally looks a lot like last it was during last spring

Bloomberg What is the oil rally running on? “Gasoline!” cry bulls. “Fumes!” cry bears (and the odd headline writer). To find out who is right, it is worth comparing this rally with the one that happened almost exactly a year earlier. The similarity doesn’t end there. This chart shows what happened with oil prices at the start of this year ...

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Defying global slump, USA hiring surges in February

Washington / AFP US employers defied a global slowdown and pumped up hiring in February, fending off worries about financial market turmoil and the oil industry crash. The Labour Department reported that companies and government authorities added a much better-than-expected 242,000 jobs last month, and the figures for the previous two months were revised higher. Steady growth in consumer spending ...

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Amazon’s decision to reduce tablet security comes at a bad time

BLOOMBERG Amazon.com Inc. is dialing back on the security built into its tablets. Bad timing. The Web retailer decided late last year to remove the ability to encrypt data stored on its Fire tablets, a few months before a battle erupted between Apple Inc. and the FBI over the decryption of information locked in a terrorist’s iPhone. As a result, ...

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Slovakia votes in election set to cost premier Fico majority

Bloomberg Slovaks are voting in a general election that looks set to hand a third term to Prime Minister Robert Fico, who’s pledging to raise living standards in the eastern euro-area member and protect its citizens from the European Union’s migrant crisis. Having presided over booming growth, Fico’s Smer party holds a strong lead in opinion polls. His support has ...

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Focus on cross-border pacts in aviation at Abu Dhabi Summit

Abu Dhabi / WAM The role of cross-border partnerships in the global aviation, aerospace, defence and space sectors will come under the spotlight in Abu Dhabi this month when international leaders from all four industries meet at the Global Aerospace Summit to explore and identify future development strategies. Hosted by Mubadala Development Company, the 2016 Summit, the third in the ...

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Do not come to Europe’, warns Tusk to economic migrants

Athens / AFP EU President Donald Tusk on Thursday issued a stark warning to economic migrants not to come to Europe, as he castigated countries for taking unilateral action to tackle the crisis. On a visit to Greece — on the frontline of Europe’s worst migration crisis since World War II — Tusk told economic migrants it was pointless to ...

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German government should give electric cars a good jolt

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 ...

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New pact to make Emirati film, TV industry a big draw

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 ...

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100 million solar-powered homes by 2020

Bloomberg Almost 100 million households worldwide may be powered by solar panels by 2020, according to Bloomberg New Energy Finance. The off-grid solar market has grown to $700 million now from non-existent less than a decade ago, according to a report Thursday from the London-based research company and the World Bank Group’s Lighting Global. They expect that to swell to ...

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