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23
April 2019

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Takreem turns 10: Pioneers gather from across Arab world in prelude session - Dotemirates
15/03/2019

Takreem turns 10: Pioneers gather from across Arab world in prelude session

Takreem, the annual awards ceremony that awards Arab excellence in the fields of science, business and more, held its Selection Board Dinner yesterday at the Boustan Hotel in Lebanon. Jury members, previous winners, and the press were all in attendance. The dinner was preceded by a session aptly named “Voice Your Dreams, where remarkable Arab men and women shared memorable emotional experiences, human stories and their dreams for a better Arab world. Among the themes discussed were the importance of Arab women, Arab excellence in science, humanitarian achievements, and more. “It is through collective voices coming together that we try...


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See no challenge in payment of April salaries to staff: MTNL CMD

New Delhi: Crisis-ridden MTNL, whose revival package is in the works, has exuded confidence that it would not face any challenge in payment of April salaries to its 22,000 employees, as it plans to tap internal accruals and available cash. The comment assumes significance as distressed telecom PSUs Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) are saddled with massive debt and have faced problems in clearing staff salaries in the recent past. MTNL Chairman and Managing Director PK Purwar told PTI that the company will be able to pay April wages totalling about Rs 200 crore...

ICICI Bank launches insta car, two-wheeler loans

New Delhi: Private sector lender ICICI Bank Wednesday announced the launch of insta car and two-wheeler loans that will provide existing customers final sanction letters instantly. The first service, called 'Insta Auto Loan', enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh for a tenure of up to seven years, ICICI Bank said in a statement. The second initiative, named 'Insta Two-Wheeler Loan', offers over 12 million pre-approved customers the facility to get instant sanction of loan up to Rs 2 lakh for a tenure...

Reliance Industries in talks to buy British toymaker Hamleys: Report

Mumbai: Reliance Industries Ltd is in talks to buy British toy store chain Hamleys, business news website Moneycontrol reported on Wednesday citing multiple sources, as the Indian conglomerate seeks to expand its footprint in the consumer space. Reliance Retail, the retail arm of billionaire Mukesh Ambani-owned Reliance Industries, is “aggressively pursuing the deal”, the website quoted one of the sources as saying. Due diligence is in advanced stages, the website reported, adding that if the deal went through, Reliance Retail planned to increase the geographic footprint of the 259-year old toymaker in India to about 200 stores over the next...

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

New Delhi: Indian refiners are increasing their planned purchases from OPEC nations, Mexico and the United States to make up for any loss of Iranian oil if the US enforces sanctions more harshly from next month, sources and company officials said. All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, officials from the companies told Reuters. The state refiners have not yet placed orders for Iranian oil for May, when the current waiver expires, pending clarity from the United States. India’s Bharat Petroleum Corp (BPCL) and Mangalore Refinery and Petrochemicals Ltd...
17/04/2019

Developers, builders eye higher RoI, sustainable future

The UAE's real estate sector has witnessed massive growth over the years and this rapid development has called for adoption of latest technologies that will help the builders, developers to minimise the cost and optimise the returns. The call now is urged at the design phase itself so the right planning can help avoid wasting of resources and manifest in higher Return on Investment (ROI) building sustainable future. With nearly 80 per cent of a buildings lifecycle cost spent after its construction on maintaining it, it is crucial for developers to start engaging with software-led building automation systems right from...
17/04/2019

Dh50b stimulus, visa rules to revive capital's realty market

Capital values of residential property prices in Abu Dhabi declined over 12 per cent since last year and 3.2 per cent since the beginning of 2019. The market is expected to soften further in the near-term, but Dh50-billion stimulus and new visa rules will ease pressure on the capital's real estate market in the medium to long term, analysts say. According to ValuStrat data released on Tuesday, most areas lost 12 per cent in capital values on an annual basis, however, two locations were slightly less affected by the negative trend. They were apartments on Saadiyat Island and villas located...