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  Bloomberg Hyundai Merchant Marine Co will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses. It will join a grouping known as 2M starting April next year, the Seoul-based company said in an e-mailed statement on Thursday. The group, led by ...

  RITIKA SHARMA / Emirates Business Taking strides towards a knowledge-based economy, UAE has set an example in finance technology (FinTech). Experts claim that the pace at which UAE is embracing latest technology in financial sector, it is already the ‘most developed’ nation in the Middle East in terms of global shift in payment methods. Factors such as high smartphone ...

  Dubai / Emirates Business Emaar Properties PJSC will mark the launch of an exclusive collection of elegantly designed homes in Dubai Hills Estate today. A green city within the city, the 11 million sq m Dubai Hills Estate is set to welcome its first residents later this year, ensuring that customers into the new mid-rise tower become part of ...

  Farnborough / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Development Company, announced that it has been awarded two contracts to manufacture additional composite components and completed major assemblies for Airbus. The combined deals, valued at more than US$1 billion, will see Strata become a source for Airbus A320 Horizontal Tail Plane (HTP) and A350-900 ...

  London / AFP Outgoing British prime minister David Cameron urged his successor Theresa May on Wednesday to maintain close ties with the EU even while negotiating to leave it, as he paid a fond farewell to MPs hours before leaving office. In his final question and answer session in the House of Commons, Cameron said he would “miss the ...

  Dallas, United States / AFP President Barack Obama implored Americans of all races to show more unity and understanding as he addressed an emotional memorial for five slain policemen in Dallas. The president, accompanied by First Lady Michelle Obama, leaned heavily on scripture as he ministered to a country stunned by gun violence and torn asunder by race and ...

  DUBAI / Emirates Business Dubai Chamber Sustainability Network in partnership with Dulsco organised the ‘Open Source Circular Economy’ Days. Dubai is the only city in the region to be part of ‘OSCE Days’ among 70 other global cities. Industry experts from Dubai shared best practices with regard to efficiently recycling resources, collaborating with peers and thereby creating a new ...

  Ritika Sharma / Emirates Business Driven by demand, spa and wellness industry in the region is poised for a double digit growth in next two years, experts say. Coming years are expected to see a considerable rise of 19 percent in the region as far as the number of wellness brands or spas are concerned. UAE alone is expecting ...

  Dubai / Emirates Business LinkedIn, the world’s largest professional network, has announced findings from its annual 2016 MENA Talent Trends study providing new insights into job seekers’ top priorities, and how recruiters can effectively engage potential candidates and compete for the best talent. The findings ultimately reveal that almost everyone is interested in hearing about new job opportunities, even ...

  Bloomberg The Reserve Bank of India is bracing for a fight on proposed changes to the global regulatory framework that would hit the country’s lenders with higher capital charges for the mountain of government debt on their books. Tighter rules would bite India’s banks, already struggling with surging bad loans and higher provisions. With nearly 30 percent of their ...