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  RITIKA SHARMA / Emirates Business As technology continues to change the way in which payments are made across the Middle East, improved application performance and flexibility are expected to play an important role in making the region’s digital economy mature. Experts at the Cards and Payments Middle East, and its co-located exhibitions — Retail Show Middle East 2016 and ...

  ALKESH SHARMA Emirates Business ‘Go Green’ is the new corporate mantra of enterprises worldwide in their eco-friendly pursuit to ensure a sustainable tomorrow. Following this green path, UAE-based Al Ghurair Investment — one of the largest diversified industrial enterprises in the Middle East — has unveiled its environmental and sustainability plan for the next three years. Various entities, active ...

  DUBAI / Emirates Business Over the last decade, the United Arab Emirates (UAE), a country with a population of over 9 million, has consistently attracted the world’s attention. With a host of benefits ranging from excellent infrastructure to top-notch services and access to the world’s leading brands, this country is a haven for the highly skilled workforce in the ...

  Paris / AFP The world risks getting caught in a low-growth trap, denting the future of generations to come, unless governments step up spending quickly, the OECD warned on Wednesday. Tepid worldwide recovery since the global economic crisis in 2008 “has precipitated a self-fulfilling low-growth trap” said the Organisation for Economic Cooperation and Development’s chief economist Catherine Mann said ...

  Geneva / AP Just like Hannibal in ancient times, Swiss engineers have conquered the Alps. More than 2,200 years after the commander from the ancient North African civilization of Carthage led his army of elephants and troops over Europe’s highest mountain chain, Swiss leaders have completed another gargantuan task — and on time: Burrowing the world’s longest railway tunnel ...

  Bloomberg Canada’s economy was already on track to crumble in the second quarter as the Alberta wildfires last month took more than 1 million barrels of oil a day out of production. When you add in details from Tuesday’s report on first-quarter gross domestic product, the outlook becomes dismal. Here are some of the reasons the economy doesn’t appear ...

  Bloomberg Oil declined for a fourth day on concern recent gains were unsustainable, while shuttered Canadian operations started to reopen. Futures fell as much as 1.8 percent in New York after rising 6.9 percent in May as supply was curbed by wildfires in Alberta and militant attacks in Nigeria. Canadian oil-sands producers including Suncor Energy Inc. have begun resuming ...

  ABU DHABI / WAM The UAE Ministry of Finance (MoF) partnered with the Emirates National Oil Company (ENOC) to offer latest innovative smart payment service under the e-Dirham system, enabling consumers to pay for fuel and other purchases at ENOC and EPPCO fuel stations as well as Zoom retail outlets by using the e-wallet of the e-Dirham app for ...

  Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, attended on Tuesday the launch of the Demand Side Management programme ‘Taqati’ by the Supreme Council of Energy at an event at the Hyatt Regency Dubai Creek Heights hotel in Dubai. The ceremony was also attended by Dr Thani Ahmed Al Zeyoudi, ...

  Berlin / AFP Germany’s parliament votes Thursday on a resolution that qualifies the massacre of Armenians by Ottoman forces as “genocide”, despite a strong warning from Turkey. Drawn up by the ruling left-right coalition and the opposition Greens, the resolution entitled “Remembrance and commemoration of the genocide of Armenians and other Christian minorities in 1915 and 1916” also carries ...