Dubai / EMIRATES BUSINESS Japanese automotive manufacturerToyota launched the all-new 2016 Toyota Innova in the Emirates. The new Multi-purpose-vehicle (MPV) with enhanced performance and versatility would be available at the Al-Futtaim Motors, the exclusive distributor for the brand. “We are glad to announce the launch of the new Toyota Innova in the UAE. I would like to say that the …

Dubai / Emirates Business Continuing its efforts to drive the region’s MICE sector forward, and further strengthening Dubai’s position as a leading global business destination, Dubai World Trade Centre (DWTC) is hosting 20 trade and consumer events this April, expecting over 400,000 visitors and 6,000 exhibitors across key industries including healthcare, transportation, travel and tourism, education, leisure and entertainment, luxury …

BAGHDAD / Reuters Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official said. The new price estimate is based on the continued low level of global oil prices in recent months, said …

Bloomberg Improving gender equality would add at least $2.1 trillion to U.S. gross domestic product by 2025, according to a McKinsey Global Institute study, a boost roughly the size of the Texas economy. “We were surprised that there was such a large economic opportunity still at stake” because the U.S. is a relative leader in gender parity, said Kweilin Ellingrud, …

Bloomberg Venezuela’s President Nicolas Maduro has designated every Friday in the months of April and May as a non-working holiday, in a bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. The country will unveil details of a 60-day plan to conserve energy, Maduro said, adding that measures would include asking …

Bloomberg Crystallex International Corp. said it was awarded $1.4 billion from a World Bank arbitration court over Venezuela’s nationalization of an untapped deposit that the Canadian miner has said holds millions of ounces of gold. The award, issued by the International Centre for Settlement of Investment Disputes, upheld Crystallex’s claims that Venezuela breached an investment treaty “by failing to accord …

Bloomberg Mexico may raise as much as $4 billion for clean energy projects this summer as the government seeks to continue a tender process that produced its first results last week. The next auction due in August will be 50 percent bigger than the one that just concluded with expectations for $2.6 billion of investment in the renewables, said Cesar …

Bloomberg President Mauricio Macri of Argentina has become a market favourite by undoing many of the heavy-handed policies of his predecessor. But now some bond analysts say that he’s taking a page out of her playbook. Last week, the government said it will change the way it measures the economy, sparking concern that holders of warrants tied to Argentina’s growth …

Bloomberg Victor Dodig’s overhaul of Canadian Imperial Bank of Commerce is paying off. Total returns and profitability at the former underdog of Canadian banking are top among its peers and its dividend yield is the fattest of the nation’s five largest lenders. With the bank’s domestic operations sharpened, the chief executive officer is on the hunt for a US acquisition …

Bethpage / AFP Donald Trump attacked his insurgent Republican rival Ted Cruz and ignored his crushing defeat in Wisconsin, electrifying thousands of passionate supporters at a home state rally in New York. “It’s great to be home,” the 67-year-old Manhattan tycoon told a fist-pumping, cheering crowd at Grumman Studios in the Long Island town of Bethpage, where Apollo Lunar Module …