March, 2016

• 17 March

  Afghanistan needs peace — and cash

  

  On Tuesday, Special Representative of the Secretary-General for Afghanistan Nicholas Haysom briefed the UN Security Council on Afghanistan. He launched his remarks by noting that the country is “being as severely tested as it was in 2015.” Afghanistan, Haysom said, faces several challenges: “a contracting economy characterized by low growth and high unemployment; an intensifying insurgency regarded by some as ...

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• 17 March

  Amanat Holdings posts AED50.6 million profit

  

  DUBAI / Emirates Business Amanat Holdings PJSC, the region’s largest integrated healthcare and education company, has announced its net profit of AED50.6 million for the period since inception on November 17, 2014 to December 31 last year. Amanat reported total income of AED89.6 million, comprised mainly of AED57.3 million of gain and dividends from Al Noor Hospitals Group and an ...

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• 17 March

  Mashreq Private Banking partners with Art Dubai Modern

  DUBAI / Emirates Business Mashreq Private Banking has announced its partnership with Art Dubai Modern for the third year in a row. Mashreq is associated with Art Dubai Modern in various aspects since 2014. Ayman Abuhabsa, Head of Private Banking, Mashreq commented, said, “We are thrilled to be part of the continued success of Art Dubai Modern year after year ...

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• 17 March

  80% of UAE medical clinics use management software

  DUBAI / Emirates Business Go Smart, the Dubai based software and mobile application developer, has developed a fully integrated and complete software solution for use by medical clinics called ‘smart clinic’. In a research conducted by Go Smart, the company found that nearly 80 percent of medical clinics in the UAE, which numbered 6,303 in 2014 in the UAE, use ...

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• 17 March

  wasl properties completes ‘wasl hub’ in Karama

  

  DUBAI / Emirates Business wasl properties has announced the successful completion of its highly anticipated wasl hub project. The real estate management company, a subsidiary of wasl Asset Management Group, has strategically aligned its projects with Dubai’s plan to provide residents in established areas of Dubai with quality living. Its recent projects include wasl hub and wasl duet in Karama ...

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• 17 March

  Najd Rent-a-Car invests AED5mn in new luxury cars

  DUBAI / Emirates Business Najd Rent-a-Car, one of the UAE’s leading automotive rental providers and a member of the Al Basel Group of Companies, has revealed its move to further invest AED5 million for the acquisition of eight new luxury cars to be added to its current fleet of vehicles in 2016. The move is part of the company’s continuing ...

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• 17 March

  Tadweer launches ‘Your Waste, Your Responsibility’ awareness campaign

  

  ABU DHABI / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) has launched a unique awareness campaign “Your Waste, Your Responsibility” at Khalifa Park involving over 1000 students from 50 government, private, foreign and Arabic schools across Abu Dhabi. This initiative has been organised in partnership with Averda and Lavajet, and in collaboration with a number of local ...

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• 17 March

  Japan exports to China rise in Feb

  

  Tokyo / AFP Japanese exports to China rose for the first time in seven months in February, the government announced on Thursday, though analysts said the gain was distorted by the timing of the Lunar New Year holiday. China is Japan’s top trading partner, but the Asian giant’s economic growth has been slowing as Beijing tries to pull off a ...

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• 17 March

  India jewellers’ strike enters third week as tax stalemate drags on

  

  Bangkok / AFP A jewellers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its third week as the industry intensified protests by conducting rallies on Thursday in the capital, New Delhi. Bullion stores have been shut since March 2 to protest an excise levy of 1 percent on ornaments ...

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• 17 March

  Toshiba sells medical unit to Canon for US$5.9bn

  TOKYO / AP Scandal-plagued Japanese electronics maker Toshiba Corp. sold its medical unit to Japanese camera maker Canon Inc. for 665.5 billion yen ($5.9 billion) on Thursday, both sides said. Separately, Toshiba said it reached an agreement with Chinese home appliance manufacturer Midea Group on selling its refrigerator and other so-called “white goods” business, targeting the end of March. Pricing ...

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