June, 2016

• 18 June

  BOC experimenting with blockchain-type technology

  

    Bloomberg The Bank of Canada is running experiments on interbank payment systems using blockchain-type technology to better understand how it works. The central bank has no plans to issue any digital currency for public use, Senior Deputy Governor Carolyn Wilkins said in an e-mailed statement. Blockchain refers to the technology that underpins distributed ledgers, which are used for verifying ...

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• 18 June

  Innovating technology that amazes

  

    Our Correspondent/ Emirates Business In the Middle East, the HP brand is synonymous with quality and reliability, but that has not come overnight. Recognised as one of the original founders of Silicon Valley, Bill Hewlett and Dave Packard founded the company in 1939 in a one-car garage in Palo Alto. In a country where more than a third of ...

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• 18 June

  Combining precision, quality, reliability and nobility

  

    Our Correspondent EMIRATES BUSINESS Swiss watchmaker Raymond Weil belongs to the lizmited circle of independent family companies creating elegant and refined watches for men and women. Founded in 1976 and now under the leadership of the founder’s grandson, Elie Bernheim, the Geneva-based company continues to develop and consolidate its status among the leading names of the Swiss watch industry. ...

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• 18 June

  Digitalisation brings with it cyber risks too

  

    ALKESH SHARMA / Emirates Business Digital transformation is the crucial key to success of businesses in the Middle East. However, the journey towards digitalisation also calls for state-of-the-art and ultra-secure systems, which can prevent cyber-attacks. According to the experts, with corporates hunting for maintainable diversity and innovative resources of growth through cutting-edge digital strategies, enterprises in this region are ...

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• 18 June

  Maktaba, UAEBBY instill love of reading in kids

  

    Sharjah / Emirates Business ‘Maktaba,’ an imprint of Kalimat Group, and the UAE Board on Books for Young people (UAEBBY) recently organised an Iftar and reading session for children from the Social Child Care Centre. Arranged in line with the holy month of Ramadan, the event provided literary entertainment for the youngsters and sought to instill within them hope ...

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• 18 June

  Luxury sector in region climbs up growth ladder

  

    Sunaina Rana / Emirates Business The luxury sector in the Middle East continues to grow undeterred by any economic hurdles. It has been ranked among the top 10 luxury markets globally, with a spending of around AED34 billion in 2015. The overall industry — as tracked by Bain & Company — comprises 10 segments, led by luxury cars, luxury ...

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• 18 June

  UAE MICE sector to hit $1.39bn

  

    RITIKA SHARMA / Emirates Business Generating a total of $653 million per year, the Meetings, Incentives, Conferences and Exhibitions (MICE) industry in the Emirates is expected to witness an annual growth rate of over 7 percent yearly till 2020. The MICE industry, which is considered the backbone of many economies globally, has emerged as one of the key growth ...

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• 18 June

  Masdar, Moscow univ to partner for research

  

    Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology and Lomonosov Moscow State University (MSU) have announced they have signed an international scientific and technological cooperation agreement to collaborate on conducting educational activities, research and innovation. The agreement was signed on the sidelines of the 20th St. Petersburg International Economic Forum (SPIEF 2016) by Mohamed Jameel ...

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• 18 June

  ADNOC opens new Motor World service station

  

    Abu Dhabi / Emirates Business ADNOC Distribution announced the opening of Motor World service station in Shamkha area of Abu Dhabi. The station is the largest within the company’s network of stations and petroleum services. The opening ceremony was attended by Abdulla Salem Al Dhaheri, Director, Sales and Marketing Directorate, ADNOC Group and Saeed Mubarak Al Rashdi, Acting Chief ...

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• 18 June

  Etihad Airways, Avianca Brasil announce ties

    Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Avianca Brasil, one of the leading airlines in Latin America, have announced a codeshare partnership. Under the agreement, Etihad Airways will put its ‘EY’ code on domestic flights operated by Avianca Brasil, while Avianca Brasil will put its ‘O6’ code on Etihad flights between Abu Dhabi ...

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