March, 2016

• 27 March

  Commodifying art in China

  

  AFP The serenity of Cui Ruzhuo’s ink landscapes is a far cry from the turmoil of China’s contemporary art market. But he can bank on his own status as the country’s best-selling living artist. Cui’s works reflect traditional Chinese forms and subjects, replete with largely monochrome mountains, lakes and trees. Little known in the West, his works fetched a total ...

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• 27 March

  Wearable tech that trims healthcare costs

  

  AFP Stroll around the office or neighborhood six times a day, and earn $1.50 toward your health insurance. Step up activity a bit more and bring the total to $1,400 annually. The catch: you need to wear a special activity tracker that monitors steps taken, “intensity” levels and other physical indicators. That’s the offer in a new insurance product marketed ...

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• 27 March

  Abu Dhabi tourism eyes major fillip from China roadshow

  

  RITIKA SHARMA / Emirates Business Abu Dhabi’s tourism industry is heading to China next week, visiting five major cities, with a dedicated roadshow which aims to showcase the Emirate to the People’s Republic and reinforce the rapid growth of inbound tourism from the country. A 15-strong delegation, led by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) and comprising ...

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• 27 March

  Call for IoT in Dubai’s logistics sector

  

  Emirates Business Dubai’s logistics sector has been told by the Emirate’s chamber of commerce to speed up its adoption of internet-of-things (IoT) in order to remain competitive and efficient. “Logistics contributes 14 per cent to the emirate’s annual gross domestic product (GDP) …as such it is a key area of focus for innovation, particularly IoT,” Hamad Buamim, president and CEO ...

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• 27 March

  Emaar felicitates winners of Emirates Classic Car Fest

  

  Emirates Business Emaar Properties honoured the winners of the eighth Emirates Classic Car Festival for an exceptional showcase of classic vehicles, which were evaluated for various parameters including upkeep, value, originality, uniqueness, finishes, and visual aesthetics. Representatives from Emaar and the Automobile & Touring Club of United Arab Emirates (ATCUAE) were present at the award ceremony, which was held on ...

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• 27 March

  ENOC and BUiD partner on knowledge exchange ‘Green Trip’

  

  Emirates Business Highlighting its commitment to education and sustainable development, Emirates National Oil Company (ENOC) is partnering with the British University in Dubai (BUiD) as a sponsor and participant of the first Sustainability Summer School International Trip, a knowledge exchange initiative organised under the patronage of His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE ...

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• 27 March

  New twin turbo engine for Infiniti

  Sunaina Rana / Emirates Business All-new compact and lightweight 3.0-liter V6 twin-turbo engine production kick starts at Nissan Motor Co.’s state-of-the-art engine manufacturing facility, the Iwaki Plant in Japan. The application of this specially designed engine would be witnessed in Infiniti Q50 sports sedan which would be making its debut in the Middle East by the third quarter of 2016. ...

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• 27 March

  Oil price plunge an impetus for change and reforms in GCC

  

  Emirates Business Experts from Indosuez Wealth Management commented at a media roundtable that low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region. “This is clearly a time to push for change in the GCC countries, as there is immense pressure on state revenues due to lower oil prices. Challenging situations ...

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• 27 March

  Iran’s oil storage struggle holds back exports to Europe

  Reuters Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran’s Gulf Arab rivals now looms large on a list of obstacles. European countries accounted for more than a third of Iran’s exports, or 800,000 barrels a ...

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• 27 March

  Japan gears up for ‘Fintech’ revolution

  

  TOKYO / Reuters A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulation, easy access to credit due to rock-bottom interest rates, and weak demand for innovative financial services from ...

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