Holidaymakers put themselves at risk with no travel insurance

  Abu Dhabi / WAM UAE holidaymakers are putting themselves at increased risk of facing serious financial repercussions by not taking measures to adequately cover themselves in the event of a travel emergency, experts warned. Describing community awareness about travel insurance in the UAE as “probably among the lowest in global markets”, Phil Ashkuri, Head of General Insurance at Nexus Group, ...

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The connection between work and dignity

  Economists like to tell a possibly apocryphal story about Milton Friedman. The prophet of free markets, visiting an Asian country in the 1960s, witnessed a public-works project that had people making a road with picks and shovels. When he asked why they didn’t use earth-moving machines instead, a local official responded that the goal was to provide people with ...

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Thailand’s startups need air to breathe

  Earlier this year, the Thai government announced its desire to create an economy of fresh new businesses through a 20 billion baht ($555 million) fund. Its stated goal was to “increase the number of startups in Thailand to 10,000 by 2018,” Information and Communication Technology Minister Uttama Savanayana was cited as saying in April, according to the Bangkok Post. ...

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Trump’s promises help make Japan normal again

  President-elect Donald Trump isn’t even in office yet, and he’s already delivered a helpful boost to the economy — the Japanese economy. At the end of a year of gloomy announcements, the Bank of Japan has raised its growth forecast for next year, and Trump deserves much of the credit. The main reason for the BOJ’s improving mood is ...

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Berlin attack poses biggest test for Merkel

A truck attack in Christmas market in Berlin killed 12 people. And IS group, as it has become customary with the extremists, claimed responsibility for the rampage. The claim came shortly after German prosecutors released a Pakistani asylum seeker who was the sole suspect in the case because of lack of evidence. The German investigators are probing the case from ...

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UAE, Armenia discuss ways to expand economic, trade ties

  Abu Dhabi / Emirates Business HE Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MoE), recently met Suren Karayan, Minister of Economic Development and Investments of Armenia to discuss key ways to further expand economic and trade relations between the two countries–building investment partnerships in sectors that would bring mutual benefits to both countries based on their ...

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ENOC offers chance to win 34 cars and AED19mn at DSF

  Dubai / Emirates Business Emirates National Oil Company (ENOC), a Strategic Partner of Dubai Festivals and Retail Establishment (DFRE), is celebrating the region’s largest shopping and entertainment festival – the Dubai Shopping Festival (DSF) 2017 – for the 22nd consecutive year, by offering customers and visitors a chance to win a Nissan Car daily. ENOC has unveiled an impressive ...

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Abu Dhabi to host ME’s ‘Sulphur Conference’

  Abu Dhabi / Emirates Business A new regional conference devoted to exploring the growing role of the Middle East as the world’s largest producer of sulphur is to take place in the UAE capital in February 2017. Hosted by CRU Events – a subsidiary of the business intelligence company, CRU Group, that focuses on the global metals, mining and ...

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S Asian Islamic calligraphy on display at Sharjah museum

  SHARJAH / Emirates Business An exhibition of calligraphy created by talented female artists from Southeast Asia opened on Thursday at Sharjah Calligraphy Museum. Entitled ‘Letters & Ornamentation from Southeast Asia’, the exhibition features Arabic scripts crafted by 12 master calligraphers from Singapore, Thailand and Indonesia. Each of the women are former students of the world-renowned Moroccan artist and calligrapher ...

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ADNOC opens 3 service stations in Sharjah

  Abu Dhabi / Emirates Business As part of the Asset Transfer Agreement signed with ENOC, ADNOC Distribution announced the opening of Seeh Al Mahab, Asraar and Al Ghafia re-branded service stations in Sharjah, taking the total number of service stations within its network in the emirate to 91. Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, ...

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