UAE approves policy for advanced industry

Abu Dhabi: The UAE Cabinet has approved the policy for advanced industries to spread the “Fourth Industrial Revolution” across sectors. The policy was approved by the Cabinet chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The policy is based on six main […]

India needs to rein in public debt, says IMF

Washington (Bloomberg): India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund said. While the national government has a budget deficit target of 3.3 per cent of gross domestic product in the year […]

Toyota UAE runs Twitter campaign on speeding, promises free racetrack day

Dubai: Toyota UAE launched an interesting anti-speeding campaign on Monday taking on a ‘naughty or nice’ theme in time for the festive season. Calling the ‘naughty’ drivers of UAE to register, the brand promises a race track session if you turn out to be a regular speeding offender. The video of the campaign also features […]

Signs of Indian economy’s ‘animal spirits’

(Bloomberg): India’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity. Two of the eight high-frequency indicators came in stronger in November based on a three-month weighted average reading, although that wasn’t enough to move the needle on a gauge measuring overall activity. The dashboard measures “animal […]