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Deluge of new tech at Sharjah Plastics, Printing & Packaging shows

Sharjah / Emirates Business Within a day of its opening, the ongoing multi-industry show at Expo Centre Sharjah has become the region’s favorite hunting sourcing ground for new technology and equipment. The 3rd Plastivision Arabia, 3rd Arabia Mold and 2nd Print Pack Arabia got under way at Expo Centre Sharjah on Monday and ended on Thursday. “Top executives, decision-makers and ...

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GNTB concludes 2016 GCC roadshow in Dubai

Dubai / Emirates Business The German National Tourism Board (GNTB) concluded its 2016 version of the recurring Roadshow “Dalla fi Almania”, an annual event that joins the board’s top tourism partners in Germany, including airlines, tourism boards and companies, hotels, travel agencies, and marketing fi“rms. The 2016 show was kicked off in Kuwait and concluded in Dubai on the 24th, ...

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DHA discusses importance of early detection of psoriasis

Dubai / Emirates Business Health experts from the Dubai Health Authority (DHA) discussed the importance of early treatment for psoriasis not only to treat the disease with minimum complications but also to prevent the onset of other diseases. Psoriasis is a chronic non-contagious systematic disease that presents itself in the form of red patches covered by white scales all over ...

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UAE envoy meets Australian official

Brisbane / WAM As part of his tour in Brisbane City, Dr. Obaid Al Hiri Salem Al Ketbi, UAE Ambassador to Australia, has met the Head of the Government of Queensland, Australia, Annastacia Palaszczuk. During the meeting, they reviewed co-operation in the areas of economy, tourism and education, as well as ways to encourage investment, cultural exchanges and deepen the ...

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Jafza attracts 55 new food and beverage firms

DUBAI / WAM Jebel Ali Free Zone Authority (Jafza) attracted more than 55 new food and beverage companies last year from 20 countries around the world. Sultan Ahmed bin Sulayem, Executive Director of DP World Group, Chairman of Ports, Customs and Free Zone Corporation in Dubai, said that Jafza strengthens the strategic location of the UAE in general and Dubai ...

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Azizi launches AED350mn Royal Bay Residence project

Dubai / Emirates Business Dubai real-estate developer Azizi Developments has announced the launch of Royal Bay Residence, an exclusive collection of 90 fully serviced luxurious residential apartments situated on the crescent of Palm Jumeirah, next to Anantara Hotel. The new project is part of company’s Dh4.5 billion development plan to build thousands of flats in Nakheel’s Al Furjan project and ...

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China stocks tumble as money rates rise

Beijing / Bloomberg China’s stocks slumped by the most in a month after money-market rates jumped. The Australian dollar fell on concern investment is weakening while oil resumed declines and gold advanced. The MSCI Asia Pacific Index of shares halted two days of losses, while China’s equities slumped as concern increased that recent gains were overdone relative to the outlook ...

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India gears up for ‘make or break’ budget

New Delhi / AFP India’s government is expected to deliver on promises to overhaul the tax regime and ramp up public spending in its budget on Monday, as Prime Minister Narendra Modi bids to shore up his sagging reputation as a reformer. The business-friendly premier came to power almost two years ago with promises to overhaul Asia’s third-largest economy and ...

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G20 nations face slowing global growth at Beijing meet

Shanghai / AFP G20 finance ministers gather in Shanghai from Friday with the global economy assailed on multiple fronts, from China’s slowing growth to weak commodity prices, amid simmering disagreements over how best to face the challenges. The International Monetary Fund (IMF) on Wednesday warned risks of a “derailed recovery” are growing, citing China’s faltering economy, falling oil and commodities ...

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Foxconn to takeover Sharp for US$8.77bn

Tokyo / AFP Money-losing Sharp on Thursday accepted a multi-billion-dollar bailout from the parent of Taiwan’s Foxconn, ending speculation over its uncertain future with the first foreign takeover of a major Japanese electronics firm. Sharp — which has teetered on the edge of bankruptcy for years — had been mulling rival offers from Taiwan-based Hon Hai Precision, better known as ...

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