Bloomberg Brazilian companies have figured out where to invest amid a political crisis and rocky economy: anywhere but Brazil. Industrial machinery maker WEG SA said 75 percent of its investments this year will be in operations outside the country. That compares with 80 percent of total investments in Brazil three years ago. In the past two months, the Jaragua ...

  Dubai / Reuters Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains. Riyadh’s index rose 0.6% in modest volume as Saudi Basic Industries, the largest petrochemical producer, climbed 1.2%. Saudi Cement added 2.0% after the company said it had sold its 40% stake in ...

  ALKESH SHARMA / Emirates Business Weakening consumer sentiments and dwindling markets have started taking a toll on various trades in the Middle East region. The mobile phone industry is also experiencing much of the heat, with a recent survey report citing that shipments of phones have declined by over 10 percent during the first quarter of 2016, compared with ...

  RITIKA SHARMA / Emirates Business If you thought that it is just data and money that is at stake during cyber-attacks, think again. In UAE, cyber-crimes expose not only the vulnerability of the company’s security system, but also shake the customers’ confidence and trust. A UAE-centric survey recently reported that companies might lose substantial number of their customers after ...

  Sunaina Rana / Emirates Business As the mercury soars up, and the sun is all out in its glory, everyone is mapping out ways to beat the heat. According to Abu Dhabi Travel Pattern, 2009, the average time that a person spends travelling in his vehicle is approximately 50 minutes per day. Considering the same, Arabian Automobile Company has ...

  ABU DHABI / Emirates Business Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further US$500 million in a second platform financing transaction, following the success of last year’s award-winning bond which raised US$700 million. A roadshow was announced on Monday May 16 to a positive response from the international financial community, followed ...

  RITIKA SHARMA / Emirates Business Going beyond its regular ‘sun-sand-shopping’ image, UAE is making considerable strides towards eco-tourism and making it a vital part of the buoyant UAE hospitability sector along with the financial diversification. According to World Travel and Tourism Council forecasts, the UAE’s tourism sector is expected to experience annual real growth of about 6.5 percent till 2021, ...

  Dubai / Emirates Business Emirates NBD, one of the leading banking Groups in the region, has revealed findings on the habits and attitudes with regards to finance and banking, among people with disabilities in the UAE. The research, undertaken in partnership with IPSOS and Sustainable Square, sought to identify and understand the challenges that people with disabilities experience with ...

  Dubai / Emirates Business According to a report on consumer card spends for the first quarter of 2016 by Network International, the leading payment solutions provider in the MENA region, domestic card spends in the country have increased by 12% in the first quarter of 2016 compared to the same period last year. The report, based on credit and ...

  Dubai / Emirates Business Young Arabs are increasingly positive about entrepreneurship with more than half believing members of this generation are more likely to start a business than the previous one. The key finding from the Eighth Annual ASDA’A Burson-Marsteller Arab Youth Survey was unveiled by Sunil John, the founder and CEO of ASDA’A Burson-Marsteller and a panelist at ...