Emirates Business Riding on the wave of positive industry news from the tanker shipping market, Seatrade has announced the return of its popular Seatrade Tanker conference, Seatrade Tanker Middle East. The newly rebranded conference will take place as part of Seatrade Maritime Middle East and Dubai Maritime Week. Reaffirming the decision, Chris Hayman, Chairman of Seatrade, said: “In light ...

  Sharjah / Emirates Business The Government of Sharjah, Department of eGovernment (DeG), the emirate’s principal body responsible for transforming Sharjah into one of the digitally advanced cities in the region, has announced the commencement of a comprehensive plan to comply with the National Electronic Security Authority (NESA) standards. The move, which involves ensuring compliance with NESA standards across all ...

  Abu Dhabi / Emirates Business The UAE accession to the World Trade Organization marked its 20th year at a prestigious event held in Geneva recently. As one of the key speakers at the event, Eng. Mahmood Al Bastaki, CEO of Dubai Trade, spoke on the importance of enabling seamless trade and the benefits it brings the UAE Economy. Al ...

  Dubai / Emirates Business The Tejar Dubai entrepreneurship development programme, a Dubai Chamber of Commerce and Industry initiative, launched its 20th commercial project, Familia Emirati clothes store on Dubai-Oman Highway in Hatta recently. The new commercial project which is the 4th launched by Tejar Dubai this year has come as part of the entrepreneurship development programme’s efforts to support ...

  New Delhi / Bloomberg Apple Inc. may be closer to opening stores in India after the government eased onerous local sourcing requirements on retailers. The world’s second-most populous country on Monday announced the easing as part of a raft of measures intended to boost foreign direct investment and expand the leeway afforded multinational corporations. It loosened policies that require ...

  Kuala Lumpur / Tribune News Service Logistics operators in south Thailand have lost almost 100 million baht (US$2.8 million) over the past six to seven months as container trucks take six to eight hours to cross the border into Malaysia from Songkhla’s Sadao district, the Association of Southern Logistics and Transportation said. This was because the Malaysian checkpoint is ...

  Tokyo / AP The Japanese government said on Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company. The Transport Ministry said the figure came from its own mileage tests to look into the cheating by the Japanese automaker on its minicar models, tiny cars ...

  New Delhi / Tribune News Service Healthcare providers in India are expected to spend $1.2 billion on information technology (IT) products and services in 2016, an increase of 3.4% over 2015, according to research firm Gartner, Inc. The spending includes expenses on internal services, software, IT services, data centre, devices and telecom services, the research firm said. “IT services, ...

  Sydney / AFP Severe coral bleaching on Australia’s Great Barrier Reef could cost it more than a million visitors a year and huge sums in lost tourism revenue, a survey said on Tuesday. The World Heritage-listed reef which teems with marine life experienced an unprecedented bleaching earlier this year that saw much of it whiten and almost a quarter ...

New Delhi / Bloomberg India retained restrictions that prevent overseas airlines from raising stakes in local carriers even as it unveiled new rules to attract foreign investors into the world’s fastest growing major aviation market. The government will allow foreign entities such as funds and portfolio investors to fully own local airlines, removing an earlier cap of 49 percent, it ...