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DUBAI / Emirates Business wasl properties has announced the successful completion of its highly anticipated wasl hub project. The real estate management company, a subsidiary of wasl Asset Management Group, has strategically aligned its projects with Dubai’s plan to provide residents in established areas of Dubai with quality living. Its recent projects include wasl hub and wasl duet in Karama ...

DUBAI / Emirates Business Najd Rent-a-Car, one of the UAE’s leading automotive rental providers and a member of the Al Basel Group of Companies, has revealed its move to further invest AED5 million for the acquisition of eight new luxury cars to be added to its current fleet of vehicles in 2016. The move is part of the company’s continuing ...

ABU DHABI / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) has launched a unique awareness campaign “Your Waste, Your Responsibility” at Khalifa Park involving over 1000 students from 50 government, private, foreign and Arabic schools across Abu Dhabi. This initiative has been organised in partnership with Averda and Lavajet, and in collaboration with a number of local ...

Tokyo / AFP Japanese exports to China rose for the first time in seven months in February, the government announced on Thursday, though analysts said the gain was distorted by the timing of the Lunar New Year holiday. China is Japan’s top trading partner, but the Asian giant’s economic growth has been slowing as Beijing tries to pull off a ...

Bangkok / AFP A jewellers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its third week as the industry intensified protests by conducting rallies on Thursday in the capital, New Delhi. Bullion stores have been shut since March 2 to protest an excise levy of 1 percent on ornaments ...

TOKYO / AP Scandal-plagued Japanese electronics maker Toshiba Corp. sold its medical unit to Japanese camera maker Canon Inc. for 665.5 billion yen ($5.9 billion) on Thursday, both sides said. Separately, Toshiba said it reached an agreement with Chinese home appliance manufacturer Midea Group on selling its refrigerator and other so-called “white goods” business, targeting the end of March. Pricing ...

New Delhi / Bloomberg Bharti Airtel Ltd., India’s largest wireless operator by subscribers, said it will buy airwaves from Videocon Telecommunications Ltd. for six regions for 44.3 billion rupees ($662 million) to increase its network coverage. The carrier will use the 1,800 megahertz band spectrum for services in Bihar, Haryana, Madhya Pradesh, Uttar Pradesh East and West as well as ...

New Delhi / AFP Indian banks will strive to recover “every penny” from the troubled Kingfisher chief, who left the country owing more than $1 billion, the finance minister said on Thursday, as warnings sound over a mounting bad debt problem. More than a dozen lenders are chasing Vijay Mallya, dubbed the King of Good Times, for 90 billion rupees ...

Kuala Lumpur / DPA Some 1,500 Malaysian companies have investments totalling 11.46 billion ringgit (US$2.81 billion) in Asean, said Prime Minister Najib Razak. “Malaysia is among the main investors in Asean with our firms investing widely in banking, commodities, hotel and tourism, aviation, manufacturing, and utility and infrastructure. Intra-Asean investments have also increased,” the prime minister said in reply to ...

Singapore / DPA Renowned economist Song Seng Wun was not surprised at all to learn, in March last year, that he was among 15 employees being laid off from CIMB Securities. After 25 years in Singapore’s financial services industry, Song has endured enough business cycles to understand that job cuts come hard and fast in his field when business conditions ...