TimeLine Layout

April, 2016

  • 5 April

    Top CEO Conference 2016 draws to a spectacular close

    Dubai / Emirates Business Under the patronage of the Dubai Economic Council, the first edition of the Top CEO Conference drew to a spectacular close at the Westin Mina Seyahi, Dubai, on Tuesday. The first instalment of the event was organised by TRENDS magazine and leading international business school INSEAD. The conference was an open discussion between thought leaders, executives ...

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  • 5 April

    Flexibility key to retain women talent

    Sunaina Rana / Emirates Business Women’s participation at workplace has increased manifold over the last decade, but at the same time due to busy schedules and lack of office flexibility many working mothers are giving up their careers midway. According to a recent survey of professional women in the GCC by MCG Group, 76 percent respondents cited lack of flexible ...

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  • 5 April

    ENOC Lubricants strengthens commitment to excellence

    Dubai / Emirates Business ENOC Lubricants and Grease Manufacturing Plant (ELOMP), part of the Marketing business segment of Emirates National Oil Company (ENOC), has achieved three global certifications in quality, health and safety, further reiterating its leadership within the regional lubes industry. ELOMP’s Jebel Ali facility has achieved the ISO 9001:2008 for Quality Management System, the ISO 14001:2004 for Environmental ...

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  • 5 April

    ADIBF announces packed programme of events

    Abu Dhabi / Emirates Business IbnRushd will be the Personality of the Year at this year’s Abu Dhabi International Book Fair (ADIBF). The event, which will take place from April 27 to May 3 at the Abu Dhabi National Exhibition Centre (ADNEC), will celebrate influential cultural figures, both international and Arabic. Under the patronage of His Highness Sheikh Mohamed bin ...

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  • 5 April

    OPEC guv hints at output freeze

    KUWAIT / Reuters All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait’s OPEC governor Nawal Al-Fuzaia said on Tuesday. Fuzaia, giving a speech at the oil ministry, also said she expected the oil market to achieve a balance between supply and demand ...

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  • 5 April

    Saudi businessmen investing $4 billion in projects in Egypt

    CAIRO / Reuters Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum in Egyptian banks, the deputy head of the Saudi-Egyptian Business Council told Reuters, two days before Saudi Arabia’s King Salman visits Cairo. Egypt has been struggling to attract foreign investors since an uprising ...

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  • 5 April

    Abe to face $54 billion govt pension fund loss

    Tokyo / Bloomberg Japan’s government will escape a piece of bad news until after a summer election. The $1.3 trillion Government Pension Investment Fund will on July 29 announce what may be its worst annual loss since the global financial crisis — about three weeks later than usual and after an upper house poll that must be held before July ...

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  • 5 April

    Philippines to recover part of ‘stolen’ money from casinos

    Manila / Bloomberg The Philippines will turn to the country’s gaming industry to recover a part of the $81 million stolen from the Bangladesh central bank channeled through local casinos and gambled by a network of at least 19 people. The Philippine Anti-Money Laundering Council will ask the courts to direct casinos and junket operators to recover and return as ...

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  • 5 April

    IMF wants Pakistan to curtail devp spending by US$3.43 billion

    Islamabad / DPA The International Monetary Fund expects Pakistan to curtail its overall development budget by 360 billion rupees (US$3.43 billion) (almost 24%) of allocations to limit the fiscal deficit. According to documents released over the weekend after approval of Pakistan’s 10th quarterly review by its executive board, the IMF expected the government to limit its overall development programme to ...

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  • 5 April

    Foxconn’s clean-energy ambitions bolstered with Sharp takeover

    Tokyo / Bloomberg Foxconn Technology Group’s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker’s ambitions for a bigger role in clean energy in some of the world’s most-polluting countries, while also providing a firmer footing in Japan. Foxconn, which reached a deal last week to take control of Sharp, has previously announced plans to improve energy efficiency ...

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