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Ritika Sharma / Emirates Business UAE boasts of one of the highest mobile penetration rates in Middle East. However a sign of advancement, this has made the country highly vulnerable to cyber-attacks, experts believe. In the wake of aforesaid, UAE-based Axiom telecom, the region’s leading mobile reseller, has joined hands with ESET, the global pioneer of proactive security software to ...

Colombo / AFP Sri Lanka will bring legal reforms to encourage much needed foreign investment, as the cash-strapped island tries to turn its $8 billion Chinese debt into equity, the prime minister said on Sunday. Ranil Wickremesinghe, who returned home on Sunday after a three-day visit to China, said streamlined regulations and a free trade agreement would be in place ...

New Delhi / Bloomberg Prime Minister Narendra Modi is starting to see some success in getting infrastructure projects moving again. About a third of more than 1,000 projects valued at 14 trillion rupees ($210 billion) are delayed as of January, down from 42 percent a year earlier, according to government data released on Thursday. Cost overruns have come down from ...

Madrid / Reuters Spain plans to ask the European Commission for an extra year to meet its public deficit targets, El Pais reported on Sunday, after missing the mark with its 2015 deficit and raising the prospect of further spending cuts to narrow the budget gap. The country last month reported a 2015 deficit of 5 percent of economic output, ...

New York / AFP Confronted with a sluggish global economy, US companies have settled on a controversial tool that rewards shareholders and executives: share buybacks. First permitted by the US Securities and Exchange Commission in 1982, the use of share buybacks has spread rapidly over the last five years due in part to pressure from activist investors anxious for a ...

Beirut / AFP The IS group is under growing pressure on several fronts in Syria as rival forces battle to wrest territory from the extremists, who are excluded from a six-week-old ceasefire. The scramble by the regime, anti-government rebels and Kurdish militia to recapture areas from IS has been given added urgency by the prospect of a possible federal system. ...

Hiroshima / AFP G7 foreign ministers on Sunday began two days of talks in Hiroshima, with John Kerry’s visit to the atom-bombed city—the first-ever by a US secretary of state—overshadowing the broader agenda. Kerry’s landmark trip is seen as possibly paving the way for Barack Obama to become the first serving US president to journey to the thriving metropolis next ...

DUBAI / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of Crown Prince of Abu Dhabi’s Court, inaugurated Sheikh Zayed Bin Sultan Al Nahyan Building for Personalized Cancer in Houston, US. This came during a ceremony held in the building attended by Yousef Al Otaiba, UAE Ambassador to the United States, Mohammed Haji Al Khouri, Director General of ...

Al Ain / WAM Abu Dhabi General Services Company, Musanada, completed and handed over to Al Ain City Municipality all the infrastructure works related to Neima Residential Project. The move is part of the efforts to achieve the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the close follow up of His Highness Sheikh Mohamed bin ...

Abu Dhabi / WAM Masdar, Abu Dhabi’s renewable energy company, has installed 50 percent of the solar home systems as part of an innovative project to provide power in rural Morocco. The installation of 9,000 out of 17,670 systems across 940 villages comes only a year after the partnership agreement was signed between Masdar and Morocco’s Office National de l’Electricite ...