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Emirates Business Emaar Properties honoured the winners of the eighth Emirates Classic Car Festival for an exceptional showcase of classic vehicles, which were evaluated for various parameters including upkeep, value, originality, uniqueness, finishes, and visual aesthetics. Representatives from Emaar and the Automobile & Touring Club of United Arab Emirates (ATCUAE) were present at the award ceremony, which was held on ...

Emirates Business Highlighting its commitment to education and sustainable development, Emirates National Oil Company (ENOC) is partnering with the British University in Dubai (BUiD) as a sponsor and participant of the first Sustainability Summer School International Trip, a knowledge exchange initiative organised under the patronage of His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE ...

Sunaina Rana / Emirates Business All-new compact and lightweight 3.0-liter V6 twin-turbo engine production kick starts at Nissan Motor Co.’s state-of-the-art engine manufacturing facility, the Iwaki Plant in Japan. The application of this specially designed engine would be witnessed in Infiniti Q50 sports sedan which would be making its debut in the Middle East by the third quarter of 2016. ...

Emirates Business Experts from Indosuez Wealth Management commented at a media roundtable that low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region. “This is clearly a time to push for change in the GCC countries, as there is immense pressure on state revenues due to lower oil prices. Challenging situations ...

Reuters Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran’s Gulf Arab rivals now looms large on a list of obstacles. European countries accounted for more than a third of Iran’s exports, or 800,000 barrels a ...

TOKYO / Reuters A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulation, easy access to credit due to rock-bottom interest rates, and weak demand for innovative financial services from ...

Tokyo / Bloomberg Hon Hai Precision Industry Co., Foxconn Technology Group’s flagship company, on Sunday denied media reports that the bailout of Sharp Corp. will be approved and signed on March 31, a day after Hon Hai’s board meets. Progress in talks to acquire troubled Japanese electronics maker Sharp will determine whether the deal is discussed at the board meeting, ...

Bangkok / DPA Plans to strip Thais of their national identification card for failing to pay a long-standing education debt would be difficult to implement and could be a violation of their human rights violation, graduates have said. The Student Loan Fund (SLF) is considering co-ordinating with the Interior Ministry to not renew the national identification cards of debtors. A ...

SYDNEY / Reuters A tiny fruit fly is Australia’s undermining efforts to grow its $ 3 billion fruit and vegetable exports, the country despite reaching a series of free trade agreements with its largest trading partners in Asia. Australia sealed trade agreements with China, Japan and Korea last year — deals that guaranteed a significant reduction in tariffs for agriculture ...

Beijing / Reuters China’s industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world’s second-largest economy. Profits earned by Chinese industrial firms in January and February combined rose 4.8 percent from a year earlier, totalling 780.7 billion yuan ($ 119.8 billion) in the two-month period, the National ...