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  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Sunday reported its financial results for the first quarter ending March 31. Mashreq’s CEO, AbdulAziz Al Ghurair, said: “Given the challenging market conditions, Mashreq has approached the 2016 fiscal year with a pragmatic outlook. We responded quickly to the early signs of the market ...

  Sunaina Rana / Emirates Business Increasing role of social media sites in the domain of recruitments has been phenomenal. Considering the immense scope that the technology sector could open in the field of hiring, UAE-based organisations are putting much emphasis on refurbishing their online activities. While focussing on the role of technology in HR departments, delegates would primarily focus ...

  Beijing / AFP Electric cars have their highest-profile prophet in US-based entrepreneur Elon Musk and their widest adoption in Norway, but China’s vast auto market will decide their worldwide future, experts say. Top global brands will be fighting it out to electrify buyers at China’s premier car show opening on Monday in Beijing. The country is already the world’s ...

  AERZEN, Germany / AP President Barack Obama, began a visit on Sunday to Germany, hoping to build momentum for a U.S.-Europe trade deal that has become a tough sell, particularly in Germany. Other issues were on the agenda for talks with German Chancellor Angela Merkel, including efforts to counter the extremist IS group, improve cooperation on counterterrorism, and encourage ...

  Paris / AFP France’s energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said on Sunday. French President Francois Hollande “has confirmed France’s engagement” in the project, and “the final decision on investment could be confirmed in September”, Macron said in ...

  AFP Persistent worries about the global economy and the possibility of Brexit — Britain’s pullout from the European Union — will probably keep the Federal Reserve on hold this week as it reviews interest rates. The policy-setting Federal Open Market Committee will also be buying time to be sure the US economy picks up from a modest first-quarter slowdown ...

SANAA / AP Hundreds of Yemeni troops loyal to the internationally recognized president have launched an operation to drive Al Qaida and IS fighters out of southern coastal areas the extremists have seized amid the country’s complex civil war, security officials said on Sunday. They said the forces loyal to President Abed Rabbo Mansour Hadi are receiving air support from ...

  RITIKA SHARMA / Emirates Business UAE Facebook users, beware — the next link you follow on your account, might lead you to a malware that will steal your confidential details or corrupt your entire system. Of late, UAE-based IT companies have detected a spam-based campaign, running on the social networking sites, that is spreading malicious browser plugin via social ...

  Seoul / AFP North Korean leader Kim Jong-Un hailed a submarine-launched ballistic missile (SLBM) test as an “eye-opening success”, state media said on Sunday, declaring Pyongyang has the ability to strike Seoul and the US whenever it pleases. Saturday’s launch came amid growing concern that Pyongyang is preparing a fifth nuclear test. But it was followed just hours later by ...

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Saturday inspected the workflow of the final stages of Dubai Parks and Resort project, the largest integrated theme park destination in the Middle East. The project, that cost more than AED10 billion, is spread across 25 million square ...