March, 2016

• 5 March

  Metal tycoons get sheen back on Modi’s India spending push

  

  New Delhi / Bloomberg Until a week ago, India’s metal companies were almost written off by investors amid the worst price slump in six years. They may be starting to get their sheen back now. Federal budget proposals on February 29 to boost infrastructure spending by 15 percent and take electricity to every household by 2018 have spurred a rally ...

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• 5 March

  Abu Dhabi opens Aviation and Aerospace Week

  

  Abu Dhabi / Emirates Business Abu Dhabi — the leading aviation industry playmaker in the region — has launched the first-ever Abu Dhabi Aviation & Aerospace Week (ADAAW), which will run until March 12. The landmark inauguration event is held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

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• 5 March

  Al Hilal Bank to join conference on Emirati women

  

  Emirates Business Al Hilal Bank is participating as a Silver Sponsor in the ‘Emirati Women: Excellence & Innovation 2016’ Conference, scheduled on March 8, in conjunction with the International Women’s Day. This conference will be held under the patronage of Her Highness Sheikha Fatima bint Mubarak, Supreme Chairperson of the Family Development Foundation, Chairperson of the UAE Women’s General Union ...

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• 5 March

  POY Awards reinforce focus on innovation

  

  Emirates Business The overall market sentiment may look a bit challenging across sectors, but one award has inspired companies to buck the trend, so to say. The 2016 Product of the Year Gulf Awards (POY), renowned worldwide for its recognition of innovation, has once again reaffirmed its popularity with more and more companies implementing innovative business models in order to ...

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• 5 March

  Ferrari GTC4Lusso debuts at Geneva Show

  

  Dubai / Emirates Business Italian luxury sports car brand, Ferrari launched Ferrari GTC4Lusso at the Geneva Motor Show. The new model is a new four-seater that integrates rear-wheel steering with four-wheel drive for the first time, hailing another major advance for the versatile sporty Grand Tourer concept. As Ferrari’s latest clarification of the four-seater, a configuration that holds a very ...

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• 5 March

  Huawei, Edutech to launch smart education solution at GESS

  

  Dubai / Emirates Business With the advent of a true knowledge economy developing across the region, Huawei has partnered with Edutech Middle East to launch a Smart Education solution, which improves student interaction through active learning and making classrooms borderless, at the Gulf Educational Supplies and Solutions (GESS). Huawei is a leading global information and communications technology (ICT) solutions provider ...

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• 5 March

  Euro bears’ wishlist spells extent of ECB’s challenge

  

  Bloomberg European Central Bank President Mario Draghi will have to deliver plenty to meet the expectations of euro bears next week. With Draghi under increasing pressure to boost inflation in the euro region, investors are preparing for a range of measures at next week’s policy meeting, including a cut to the deposit rate and a boost to the ECB’s quantitative-easing ...

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• 5 March

  Osborne backtracks on push to overhaul pension taxes

  

  Bloomberg U.K. Chancellor of the Exchequer George Osborne dropped a plan to overhaul pension tax relief after pressure from industry groups and fellow Conservative lawmakers. Osborne last year studied whether to scrap some pension giveaways and was predicted to flesh out plans in his March 16 budget, only to be warned off amid concerns it would hurt affluent voters. The ...

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• 5 March

  As zero rate looms, Norway says banks strong enough to cope

  

  Bloomberg With talk swirling about the Norwegian interest rate heading to zero, the nation’s finance minister is confident its banks can withstand the added pressure to their balance sheets. “The Norwegian banking system is very robust and has been able to adjust quickly to the new demands in regulatory framework,” Siv Jensen said in Oslo. “They are robust enough to ...

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• 5 March

  Pound’s biggest gain since 2009 signals ‘Leave EU’ anxiety easing

  Bloomberg Easing anxiety over Britain’s potential exit from the European Union may be complemented next week by signs of a stronger U.K. economy, supporting the pound further after its best week since 2009 against the dollar. Britain’s currency recovered from its steepest weekly decline versus the greenback in more than seven years as a report Friday showed wage-growth in the ...

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