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Abu Dhabi / Emirates Business Ahli United Bank Limited (AUBL), a 100% subsidiary of Ahli United Bank B.S.C., has launched its banking operations in Dubai International Financial Centre (DIFC), UAE with an initial paid up capital of US$ 25 million. AUBL has become the first bank in the GCC region to receive the Category 1 License from the Dubai Financial ...

Dubai / Emirates Business Apollo Hospitals, Asia’s foremost healthcare provider, stated that the latest developments in 3D scanning technology will be able to diagnose breast cancer with further precision. This full-field digital mammography with Tomosynthesis (3D) system, available at Apollo Speciality Cancer Hospitals, is a 3-dimensional imaging technology that involves acquiring images of a stationary compressed breast at multiple angles ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) local assistance stood at about AED145 million in 2015, including social and seasonal aid for one million Emiratis and expatriate residents registered in 10 ERC offices nationwide. The move follows the implementation of the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region, Chairman of ...

Sharjah / WAM The Big Heart Foundation (TBHF), a global humanitarian charity dedicated to helping children and families in need worldwide, has launched a local campaign seeking support from UAE citizens and residents to support Palestinian and Syrian refugee children, child cancer sufferers, and children in need. The campaign aims to help alleviate suffering of children affected by conflict and ...

New Delhi / Beijing China on Saturday cut its growth target for this year to a range of 6.5 to seven percent, as the world’s second-largest economy faces a litany of challenges from overcapacity to weak trade. The country is a key driver of global growth but expansion fell last year to 6.9 percent, its slowest in a quarter of ...

New Delhi / Bloomberg A Monsanto Co. joint venture in India that licenses genetically modified cotton-seed technology said it would have to “reevaluate every aspect” of its position in the country, the biggest grower of the fiber, if the government makes a substantial cut to its royalties. The agriculture ministry is set to recommend a 70 percent reduction in the ...

Manila / DPA The Philippines saw the quality of mobile Internet service improve by the end of 2015 as local telecommunication companies ramped up investments. Citing the latest Asia Network Quality Report of JP Morgan Securities issued last month, Smart Communications said 3G mobile data download speed in the country increased to 2.09 Mbps in the fourth quarter of 2015 ...

Kathmandu / DPA Industrialists in Birgunj, southern Nepal, have complained that increasing human settlements around the Birgunj industrial corridor has made it difficult for them to operate their factories. About half a dozen new residential areas have sprung up along the industrial corridor from Gandak to Pathlaiya. The industrial zone is one of the largest manufacturing centres in the country. ...

New Delhi / Bloomberg Until a week ago, India’s metal companies were almost written off by investors amid the worst price slump in six years. They may be starting to get their sheen back now. Federal budget proposals on February 29 to boost infrastructure spending by 15 percent and take electricity to every household by 2018 have spurred a rally ...

Abu Dhabi / Emirates Business Abu Dhabi — the leading aviation industry playmaker in the region — has launched the first-ever Abu Dhabi Aviation & Aerospace Week (ADAAW), which will run until March 12. The landmark inauguration event is held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...