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Miami, United States / AFP The phone rings off the hook these days at some pharmacies in Florida and the calls are long-distance: from Venezuelans desperate for everything from diapers to cancer medication. Venezuela, though sitting atop the world’s largest proven oil reserves, is enduring an acute economic crisis due in part to the global drop in crude prices and ...
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May, 2016
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10 May
US buyers go crazy for SUVs
Detroit /Â AP Louis Cervi was looking to buy a small car for basic transportation with a monthly payment in the mid-$200 range. After six months of looking, Cervi, 41, drove off a dealer lot north of Pittsburgh in a Ford Focus for US$192 a month. The dealership even accepted his 2001 Chevrolet Monte Carlo with a failed transmission as ...
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10 May
Serving ‘joy’ at Honda
Our Correspondent / Emirates Business Honda Motor Co. (Africa and the Middle East Office) was established in 1993 and initially the main objective was to look after only two countries in Middle East, namely KSA and UAE. Now, the company is looking after 21 countries and is offering an entire Honda range of products i.e. automobiles, motorcycles and power products. ...
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10 May
A new dimension in fine dining
Our Correspondent / EMIRATES BUSINESS Presenting a fresh take on innovative Mediterranean cuisine in an exclusive and upscale setting, LaLuz Four Seasons DIFC excites the imaginations and palates of Dubai’s fine dining aficionados with its array of Catalonian and Mediterranean cuisine. Lavishly appointed and with a sophisticated and urbane ambience, LaLuz, which sprawls over an expansive area, with separate ...
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9 May
Innovation key to UAE’s future
DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said that the UAE has adopted innovation as an institutional approach and a culture of the society that aims at developing its human factor as well government institutions, as part of its drive to build a sustainable ...
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9 May
16th Airport Show opens in Dubai
Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, inaugurated the 16th Airport Show at the Dubai International Convention and Exhibition Centre (DICEC) with 300 companies from 55 countries participating in the three-day show and expected to ...
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9 May
Dubai private sector businesses maintain growth momentum
Dubai / Emirates Business Dubai private sector companies indicated a sustained recovery in growth momentum from the survey-record low experienced in February. At 52.7 in April, up slightly from 52.5 in March, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index highlighted the fastest improvement in overall business conditions since November 2015. The headline index has now posted above ...
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9 May
Air Arabia Q1 profit reaches AED114mn
SHARJAH / WAM Air Arabia on Monday reported a net profit of AED114 million for the three months ending March 31, 2016, which is 34 percent higher than the corresponding 2015 figure of AED85 million. In the same period, the airline posted a turnover of AED946 million, an increase of 7 percent on AED886 million in the first quarter ...
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9 May
UAE’s new OPEC governor
ABU DHABI / WAM Ahmed Mohammed Al Kaabi, Energy Ministry’s Assistant under-secretary for Oil, Gas and Mineral Resources, has been named as the UAE’s Governor for the Organisation of Petroleum Exporting Countries (OPEC). Al Kaabi enjoys a vast experience in oil market economics and OPEC operations. Prior to joining the Energy Ministry, Al Kaabi worked as Director of ADNOC’s office ...
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9 May
UAE agencies discuss radiation
ABU DHABI / WAM The Federal Authority for Nuclear Regulation, FANR, held a workshop on Monday to review progress towards establishing a present-day measurement of environmental radiation in the UAE. The 6th UAE National Workshop on ‘Baseline Environmental Radiation Mapping in the UAE’, was held at Zayed University in Abu Dhabi and was attended by representatives of the UAE agencies.
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