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Dubai’s MICE sector records robust growth
DUBAI: Hoteliers in the UAE are strongly focusing on the fast-growing meetings, incentives, conferences and exhibitions (MICE) tourism sector in the emirate of Dubai. Dubai’s MICE sector is reporting robust growth, and with the preparations of Expo 2020 gaining momentum, the city is welcoming business professionals who are discerning yet value conscious. The hotel industry continues to offer strong value for business and
 
 
EU lenders dampen banking recovery
LONDON: Although a better economy is helping global banks to turn the corner a decade after the financial crisis began, euro zone lenders remain a dampener on the sector’s recovery, the Bank for International Settlements said on Sunday. “The financial sector faces an improving but still challenging environment,” the BIS, a forum for central bankers, said in its annual report. “The near term economic outlook has brightened
   
Dubai’s electronics market size to exceed Dhs11b
DUBAI: The Dubai Chamber of Commerce and Industry (DCCI) expects the Dubai electronics market size to grow at 4.7 per cent over the next four years and may exceed $3 billion (Dh11 billion) by 2020, as the consumer durables market in the UAE continues to witness exponential growth over the years. The continued increase in demand can largely be attributed to a rising population and strong household consumption. Chinese brands are
 
 
India, Portugal plan joint international startup hub
Lisbon: India and Portugal on Saturday launched a joint international startup hub soon after Narendra Modi expressed his amazement that there has been no bilateral Indian Prime Ministerial visit ever to this European nation that is home to around 70,000 people of Indian origin. The decision to launch the startup hub was taken during Portuguese Prime Minister Antonio Costa’s visit to India in January this year.
   
Hyundai to recall over 43,700 cars in China
Beijing: Hyundai Motor Company will recall 43,764 of its vehicles in China over a fault which may lead to potential engine failures, quality control watchdog announced on Sunday. According to the General Administration of Quality Supervision, Inspection and Quarantine, the affected vehicles are the Santa Fe models with 2.4-litre Theta GDI engines manufactured between November 29, 2012, and May 31, 2013, as well as the 2.0-litre
 
 
New retail scale verification bureau in Al Ain
ABU DHABI: Abu Dhabi Quality and Conformity Council, the entity responsible for developing the quality infrastructure in the emirate of Abu Dhabi, has opened a new retail scale verification bureau in Al Ain as part of its continued efforts to meet the dynamic needs of its customers from the retail sector for high quality verification services in a timely and efficient manner. The bureau is the second of its kind in the emirate
   
UAE rejoices in divine blessings
Hundreds of thousands of UAE residents began Eid Al Fitr celebrations on Sunday with prayers in mosques across the country. To mark Eid Al Fitr with religious zeal and solemnity, the business community across the Emirates conveyed their gratitude, prayers and best wishes to President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed
 
 


 
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