Ritika Sharma / Emirates Business If you ask fellow Indians — who form majority of UAE’s total expat numbers — about their investment plans, it is more likely that you will get only one answer — property. Real estate investment back home has emerged as the foremost preference among Indian diaspora as the number of NRI-owned (non-resident Indian) properties ...

  ALKESH SHARMA / Emirates Business There is good news for UAE residents who frequently travel to the UK for business as well as leisure purposes. The new version of the UK’s Electronic Visa Waiver scheme (EVW II), which aims at making the system more foolproof to avoid any last-minute glitch, is all set to go live this Monday (May ...

  Dubai / WAM The 13th Annual Middle East Update in Otolaryngology Conference and Exhibition, ME-OTO, organised by Informa Life Sciences Exhibitions, is set to open its doors from the May 24-25 at the Dubai International Convention and Exhibition Centre alongside the first ever World Congress on Cochlear Implants in Emerging Countries. With an expanding spectrum of key Ear, Neck ...

  Dubai / Emirates Business In a bid to boost national competencies and develop a qualified cadre of Emirati professionals, Awqaf and Minors Affairs Foundation (AMAF) will appoint 22 qualified UAE nationals to different roles at the Foundation. The move follows AMAF’s successful participation at the just-concluded 16th UAE Career Exhibition (Careers UAE) at the Dubai World Trade Centre. Through ...

Dubai / Emirates Business Mohammed Bin Rashid School of Government (MBRSG), a research and teaching institution specializing in public policy in the Arab World, organized the sixth Policy Council session on ‘Building an Inclusive Society: Supporting Youth Employment and Development in the Innovation Economy. Convening government partners, educators and industry leaders, the session explored ways in which Emirati youth can ...

  Reuters The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices. Late last month, Deputy Crown Prince Mohammed bin Salman announced steps to reduce the kingdom’s dependence on oil exports over the ...

  Bloomberg OPEC’s strategy to defend market share over prices is working as oil approaches $50 a barrel amid rising demand and declining output from producers including U.S. shale companies, Kuwait’s acting oil minister said. Oil will end the year at $50 a barrel and the market will rebalance in the third or fourth quarter of the year, Anas Al-Saleh, ...

  Tokyo / Bloomberg Environmental groups urged the Japanese government to use the Group of Seven summit meeting to be held from Friday in western Japan as a platform to announce a shift away from fossil-fuel financing. The groups, including 350.org Japan and Friends of the Earth Japan, staged rallies outside government offices in Tokyo on Thursday ahead of submitting ...

  Shanghai / Bloomberg China National Chemical Corp. extended its tender offer for Syngenta AG shares by more than a month as it waits for regulatory approval for its planned $43 billion takeover of the Swiss seed and pesticide maker. State-owned ChemChina offered in February to buy Basel, Switzerland-based Syngenta for $465 a share in cash plus a special dividend ...

  HYDERABAD / AP Apple will set up an office in southern India to develop the Maps feature for its products, the company said on Thursday in its second such announcement since CEO Tim Cook arrived in the country. A company statement said the venture will be located in the technology hub of Hyderabad and will create about 4,000 jobs. ...