April, 2016

• 18 April

  du wins Best Satellite Services Innovation of the Year award

  

    DUBAI / WAM du has been awarded the Best Satellite Services Innovation of the Year award at the 12th annual Digital Studio Awards held recently at Conrad Dubai. Last year, the UAE telecommunications company integrated its broadcast and telecom assets to create a world-class media platform and support the growth of the industry throughout the Middle East. du’s media ...

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• 18 April

  Masdar puts sustainability research in spotlight

  

    ABU DHABI / WAM The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, inspired youth and visitors with innovation highlights and an exciting quiz competition during its participation at Think Science 2016. Organized under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign ...

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• 18 April

  Middle East Retail Banking Forum and Expo discusses fast emerging trends

  

    Ritika Sharma / Sunaina Rana EMIRATES BUSINESS The 11th annual edition of two-day ‘Middle East Retail Banking Forum and Expo’ kicked off on a high note in Dubai on Monday. Over 200 delegates from across the region are attending this high-profile event to hear what more than 30 experts in the field have to say about latest trends ushering ...

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• 18 April

  High time to refresh retail banking strategies, say experts

  

    Emirates Business As technology is fast changing the face of all industries, banking — and in particular retail banking — is one sector that is showing marked inclination towards the new-age marvels to spruce up its functioning. Middle East region is witnessing banks investing huge capital towards digitising their operations and in capacity building in order to harness the ...

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• 18 April

  Exhibitors positive about retail banking sector in UAE

  

    DUBAI / Emirates Business Onmi-channel banking services and smart-watch banking hogged much of the limelight at the exhibitions section during the first day of Retail Banking Forum and Expo. Apart from regional biggies active in the field of banking technology, foreign exhibitors showcased their products and services at the event, expecting to end up with business deals and making ...

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• 18 April

  Twin quakes hit Japan economy hard

  

    Tokyo / Bloomberg The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate on Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions. The Topix index slumped 3 percent to 1,320.15 at the close in Tokyo, with all but one of its 33 industry groups ...

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• 18 April

  China posts slowest growth on record

  

    Beijing / Bloomberg China’s economy grew in the first three months of 2016 at its slowest quarter-on-quarter rate since it began releasing the data, the government said, while the real-estate sector rebounded thanks to aggressive stimulus. The world’s second-largest economy expanded 1.1 percent in January-March over the last quarter of 2015, the slowest pace since it started publishing such ...

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• 18 April

  Infosys hits record after sales outlook buoys outsourcers

  

    Mumbai / Bloomberg Infosys Ltd. surged the most in nine months to a record in Mumbai after forecasting better-than expected sales growth, as India’s second largest software exporter captures new contracts for information technology services. Shares climbed as much as 8.1 percent to a lifetime high of 1,267.90 rupees as of 10.42 a.m., marking its biggest gain since July ...

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• 18 April

  India’s monsoon forecast spurs demand for bonds

  

    New Delhi / Bloomberg The rains are coming, and that’s luring the world to Indian bonds. Overseas holdings of rupee-denominated government and corporate notes rose by 17.4 billion rupees ($261 million) in the holiday-shortened week ended April 13, the most since the period ended March 25, data from National Securities and Depository Ltd. show. The weather department on Tuesday ...

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• 18 April

  Moody’s downgrades S Korea banking system

    Seoul / AFP Ratings agency Moody’s on Monday downgraded its outlook for South Korea’s banking system from stable to negative, predicting a deterioration in creditworthiness over the next year. “While our previous stable outlook had anticipated some weakening of profitability and pressure on asset quality, the operating environment for banks is deteriorating amid Korea’s diminished growth outlook and ongoing corporate ...

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