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Dubai / Emirates Business Emirates National Oil Company (ENOC), through its subsidiary Horizon Terminals Ltd, will commence construction of the underground 16 km Jet Fuel pipeline extension that links its storage terminal in Jebel Ali with Al Maktoum International Airport in Dubai South, in Q4 of 2016. Front End Engineering & Design (FEED) for the pipeline extension to Al Maktoum ...

Dubai / Emirates Business Avaya — leading provider of solutions — has introduced its concept of Digital Transformation-as-a-Service to emerging markets. Launching SmartDXaaS, the company highlighted its range of cloud-based solutions and professional services at the annual Avaya Technology Forum (ATF) in Dubai. The flagship technology event, the latest round in a series that will move on to Ireland and ...

Abu Dhabi / Emirates Business A collection of innovative and ‘disruptive’ financial startup organisations are set to descend upon Abu Dhabi to showcase technological products that will transform the way businesses and individuals interact with financial services. The FinTech pavilion, a feature of the upcoming MEFTECH 2016 exhibition and conference, will provide six growth stage startups with an opportunity to ...

Tokyo / Bloomberg Japan’s major companies are giving lower wage increases next fiscal year as Prime Minister Shinzo Abe’s efforts to boost the economy falter. Toyota Motor Corp. agreed to increase monthly base salaries 1,500 yen ($13) in the year beginning April, according to a statement from the company on Wednesday. That compares with a 4,000 yen hike this fiscal ...

Beijing / AFP China’s economy will not suffer a “hard landing”, Premier Li Keqiang said on Wednesday, stepping up Beijing’s charm offensive to reassure investors that the government can manage slowing growth. “We have long-term confidence in the Chinese economy and this confidence isn’t without a foundation,” Li told his once-a-year press conference at the end of the National People’s ...

Islamabad / AP Turkmenistan’s president has arrived in Pakistan on a two-day visit that is likely to focus on a proposed gas pipeline from Turkmenistan through Afghanistan, Pakistan and on to India. The project, known as TAPI, is aimed at meeting the regional energy needs. Pakistani state-run TV showed Prime Minister Nawaz Sharif receiving Gurbanguly Berdymukhamedov on Wednesday, complete with ...

Hong Kong / DPA Music and video retailer HMV will be sold for HK$408 million ($52.5 million) to film makers and distributors China 3D Digital Entertainment Limited, which has agreed to the deal with parent company AID Partners Capital Holdings Ltd, according to a statement the two companies filed to the stock exchange on Tuesday. Both China 3D Digital Entertainment ...

Tokyo / Bloomberg Japan is aiming to have 40,000 hydrogen-powered cars on its roads by 2020, with plans for a 20-fold expansion to 800,000 by 2030, according to a report released by the Ministry of Economy, Trade and Industry on Wednesday outlining the future use of hydrogen and fuel cells. The country, whose prime minister has vowed to turn it ...

Dhaka / Bloomberg A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1 billion. Zubair Bin Huda, a joint director of Bangladesh Bank, found the printer tray empty when he looked on the ...

New Delhi / Bloomberg India plans for the first time to include energy storage as a requirement when a solar project is tendered this month, opening what could become a significant new market to battery makers such as Tesla Motors Inc., Samsung SDI Co. and Panasonic Corp. The state-owned Solar Energy Corp. of India, which is responsible for implementing the ...