AFP The latest data on Brazil’s industrial production showed deepening recession in Latin America’s biggest economy, though its trade surplus grew and the currency is rising on prospects of a new government. Industrial output shrank nine percent over the 12 months leading up to February, government statistics showed, with the car-making, machinery and electronic sectors hit the hardest. The slide …
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RITIKA SHARMA / AJMAN From hospitality to construction and from fashion to tourism and now education — there is no industry that is untouched by the advancements that technology imparts. Being a pioneer in embracing new tech trends, UAE has shown the world how quick and wise adoption of technology makes a difference in all spheres of life. The country …
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Dubai / Emirates Business The tech entrepreneur sector has grown by over tenfold since the nascent Venture Capital industry emerged four years ago. This encouraging revelation has been made by BECO Capital, a regional venture capital firm focussed on technology investments in the Gulf Cooperation Council (GCC) countries. This growth has allowed more and better quality investments in promising start-ups …
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OUR CORRESPONDENT / Emirates Business Bahrain’s Al Abraaj group, a leading investor operating in global growth markets, announced their first venture in the UAE, with YaSalam! Restaurant in Jumeirah Lake Tower, Dubai. As the economy of F&B industry in the UAE is undergoing a significant growth, it has been estimated that the industry is to witness 1,600 new F&B outlets by …
Read More »Abu Dhabi / EMIRATES BUSINESS Khalifa University and the Global Education Energy Environment (Global EEE), in cooperation with Launchpad, announced the 2016 Global Hybrid-Electric Challenge, which will debut to feature electric cars built by students on April 7 to 9 at the Al Forsan International Resort in Abu Dhabi. In two Grand Prix races, 17 teams from universities around the …
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Abu Dhabi / Emirates Business Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) will be joined by key attractions and hotels at the World Travel Market Africa 2016 (WTM Africa) to capitalise on the surging growth in visitor numbers from the country into the emirate. Since TCA Abu Dhabi opened an office in Johannesburg, South Africa, last year to …
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Lesbos / AFP Greek and EU authorities on Sunday fine-tuned an operation to expel to Turkey hundreds of migrants denied asylum in a landmark deal slammed by rights groups. Officials declined to comment on the details of the operation, which is believed to begin early Monday from the Greek island of Lesbos where there are over 3,300 refugees and migrants. …
Read More »Berlin / AFP European Parliament President Martin Schulz said on Sunday the EU must make no concessions to Turkey over human rights but voiced confidence in a deal with Ankara to manage the refugee crisis. Under the controversial agreement, Turkey is due to take back illegal migrants from EU member Greece from Monday, when it will also start an orderly …
Read More »Sydney / AFP Australia opposes Donald Trump’s suggestion that Japan and South Korea should develop nuclear weapons since this would “add considerably” to the risk of regional conflict, Prime Minister Malcolm Turnbull said Sunday. The Republican presidential front-runner had declared he would withdraw US troops from both countries and allow them to develop their own nuclear arsenals. But Turnbull said …
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Baku / AFP Azerbaijan on Sunday announced a unilateral ceasefire after the worst violence over disputed Nagorny Karabakh in more than two decades, but Armenian forces said clashes were continuing despite international appeals to stop fighting. “Azerbaijan, showing good will, has decided to unilaterally cease hostilities”, Azerbaijan’s defense ministry said in a statement, warning it would “liberate all (Armenian) occupied …
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