ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, on Tuesday said the UAE will use its new role as chair of the Kimberley Process for 2016 to highlight and enhance its efforts to facilitate global trade and commercial ethics. He was speaking at the Kimberly Process Intersessional 2016 held at the Atlantis Hotel the Palm ...

  ABU DHABI / WAM Dubai Holding, through its real estate arm Dubai Properties Group, on Tuesday unveiled Marasi Business Bay, a new waterfront destination and its largest development along the creek within the Business Bay destination, with a total investment cost exceeding AED1 billion. Commenting on the new project, Mohammad Abdulla Al Gergawi, Chairman of Dubai Holding said, “Located ...

  ABU DHABI / WAM The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), signed an Air Services Agreement (ASA) with Italy. The agreement was inked by Saif Mohammed Al Suwaidi, Director-General, of the UAE General Civil Aviation Authority, and Massimo Gaiani, Director-General for Global Issues and for Asia, Sub Saharan Africa, and Latin America, at the ...

  DUBAI / Emirates Business The Emirates Women Award 2016, under the patronage of HH Shaikh Ahmad bin Saeed Al Maktoum, honoured local and expatriate women achievers from diverse fields of business at The Four Seasons Resort Jumeriah, Dubai. The award night was organized by Dubai Quality Group (DQG) and was attended by dignitaries from across the UAE and GCC. ...

  DUBAI / WAM The British University in Dubai hosted the Green Forum to celebrate the success of a university-industry-government collaboration in a study trip to Scandinavia and discuss the feasibility of applying innovative green concepts in the UAE. The trip was organized by BUiD and supported by Al Maktoum Foundation (ENOC) Alkhaleej Sugar, Al Habtoor, and Alrostomani. The Green ...

  Tokyo / Bloomberg Sony Corp. forecast annual profit that fell short of estimates, hurt by costs to repair a factory that was damaged in the Kyushu earthquake, lost sales and slowing demand for smartphone components. Net income will probably decline 46 percent to 80 billion yen ($732 million) in the 12 months ending March 2017, the Tokyo-based company said ...

  Tokyo / Bloomberg Southeast Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte. As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, ...

  Tokyo / AP Toyota said it will recall nearly 1.6 million more vehicles in the United States to correct possible defects in front passenger air bag inflators made by the Japanese company Takata. The decision, which was announced late on Monday, was made based on recent information from both Takata and the US National Highway Traffic Safety Administration (NHTSA), ...

  Moscow / The Diplomat Russia has inked a new deal with Laos for the repair of military equipment. According to media reports, Russian Helicopters, which is part of the state firm Rostec, signed the contract with the Laotian defense ministry. Under the four-year deal, experts from the firm will carry out helicopter repairs. Among the equipment to be serviced ...

  New Delhi / Bloomberg Barely a year after ordering sugar mills to compulsorily export from a mountain of stockpiles, India is struggling to cope with spiraling prices and a potential shortage. After the strongest El Nino in two decades shriveled crops, India’s production is set to decline for a second year to the smallest in seven years. That’s alarmed ...