April, 2016

• 20 April

  Technology: Panacea for market slowdown

  

    Ritika Sharma / Emirates Business Despite the global concerns about economic slowdown due to oil price slump, New Jersey-headquartered Commvault, a global leader in enterprise data protection and information management, says it has done exceptionally well, business-wise, in past few months. The global data service provider cites the capability of technology to cut down on costs effectively, as the ...

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• 20 April

  Ellington announces 14 new projects

  

    DUBAI / Emirates Business Ellington Properties — a Dubai-born design-led boutique property development company that develops bespoke and beautiful high-quality homes — has announced its project pipeline of 14 developments in Dubai. The new projects will add over 2,200 residential units including apartments, townhouses and villas. The company, jointly set up by industry veterans and joint managing directors Robert ...

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• 20 April

  ENOC honoured for dual currency debt transaction

  

    Dubai / Emirates Business Emirates National Oil Company (ENOC) has recently been awarded the ‘Deal of Year’ honour in the Corporate Finance category by Islamic Finance News in Dubai and ‘2015 Best Syndicated Loan in the Middle East’ honour by the EMEA Finance Awards. ENOC was recognised for the successful financial closure of its nine-year dual currency syndicated debt ...

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• 20 April

  Sharjah Tatweer organises interactive seminar for women entrepreneurs

  

    Sharjah / Emirates Business Sharjah Tatweer Forum organised an interactive seminar titled ‘Women and Entrepreneurship: What’s holding women back?’ in collaboration with SAP. This event attracted several entities that support SME and entrepreneurship projects in Sharjah like Ruwad Establishment, Sharjah Chamber of Commerce and Industry, Sheraa, and Sharjah Business Women Council. Women entrepreneurs and leaders from the business and ...

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• 20 April

  Al Yousuf Motors sponsors water vehicles champion

  

    Sharjah / Emirates Business Al Yousuf Motors LLC, the authorised dealers of YAMAHA products ranging from motorcycles to boats to personal water crafts, has announced that it is sponsoring Champion water vehicle racer Ali Mohamed Yousef Al Lanjawi of the UAE for all his future competitions and challenges. As part of the sponsorship engagement, Al Yousuf Motors, YAMAHA will ...

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• 20 April

  Mitsubishi manipulates fuel-efficiency data tests

  

    Beijing / Bloomberg Mitsubishi Motors Corp. admitted to manipulating test data involving 625,000 vehicles in order to improve fuel-economy claims. The affected models include those supplied to Nissan Motor Co., which discovered the manipulation, according to a statement by Mitsubishi Motors. The two companies are discussing compensation and Mitsubishi is also checking whether the cheating affected overseas models. Mitsubishi ...

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• 20 April

  Oz boosts regulator funding by $99mn

  

    Sydney / AFP Australia on Wednesday boosted funding to the corporate regulator by Aus$127.2 million (US$99 million) and appointed a special prosecutor to investigate financial crime, in sweeping reforms prompted by public outrage over numerous bank scandals. The nation’s major banks — which regularly rake in multi-billion-dollar profits — have been under scrutiny following a series of consumer fraud ...

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• 20 April

  Japan exports, imports fall as economic doldrums persist

  

    TOKYO / AP Japan’s exports fell for a sixth straight month in March, sapped by weak shipments of machinery and chemicals, though a sharper decline in imports helped push the trade surplus to its highest level in more than five years. Customs data reported on Wednesday showed exports fell 6.8 percent from a year earlier to 6.46 trillion yen ...

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• 20 April

  Pakistan vows to act tough on tax evaders

    Islamabad / Bloomberg Pakistan is vowing to get tough on tax evaders who have so far shunned an amnesty program set to finally expire on April 30 after four deadline extensions. Less than 0.3 percent of Pakistan’s 3 million goods traders have participated in the programme, well below the 17 percent forecast by the government when it began in ...

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• 20 April

  Parched country: 330 million people reeling under severe drought in India

  

    New Delhi / AFP About 330 million people are suffering from drought in India, the government has said, as the country reels from severe water shortages and desperately poor farmers suffer crop losses. One of the government’s most senior lawyers PS Narasimha told the Supreme Court that a quarter of the country’s population, spread across 10 states, have been ...

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