Bloomberg India’s economy is on track for its slowest growth since at least 2013, weighed down by a shadow banking crisis, weak investment and a slump in spending. Gross domestic product will grow 5% in the year through March 2020, the Statistics Ministry said in a statement in New Delhi on Tuesday. That is in line with the median estimate ...

Bloomberg Oil fell from a three-month high in London as traders waited to see whether the clash between the US and Iran would lead to a disruption in Middle East crude supplies. Brent futures retreated towards $68 a barrel after a two-day surge following a US airstrike that killed a top Iranian general pushed prices above $70 for the first ...

DUBAI / WAM Nordic tourists travelling to the GCC from Denmark, Norway, Sweden, Finland and Iceland, are expected to generate an estimated $810 million in travel and tourism revenue by 2024, according to data published ahead of the Arabian Travel Market (ATM, 2020). The latest Colliers International research, commissioned by ATM organiser Reed Travel Exhibitions, predicts the UAE will witness ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, opened the Literary Café in the Al Heera area on Sharjah beach on Tuesday morning, aimed at creating a free space for writers to exchange ideas, discuss their issues, and showcase their creations and intellectual achievements in a friendly atmosphere. The Ruler ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, SEC, chaired a meeting of the Council on Tuesday at the Ruler’s Office in Sharjah, where the SEC reviewed a number of issues on its agenda concerning the various affairs of the emirate. It also ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) signed on Tuesday, an agreement with Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) to improve the pension offering of ADNOC’s UAE national employees, the majority of which are based at onshore and offshore operational sites. The signing of the agreement was witnessed by HH Sheikh Khalid bin Mohamed ...

Dubai / WAM The Hamdan bin Mohammed Smart University (HBMSU), and Egypt’s Alexandria University, have signed a memorandum of understanding (MoU), to enrich smart learning systems in the Arab world. The signing took place in the presence of Lt. Gen. Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and HBMSU Chairman, and HBMSU Board of Governors. Under ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has been ranked as the most punctual airline in the Middle East and one of the most punctual in the world by the global aviation analytics group OAG. In its Punctuality League rating for 2019, OAG listed Etihad as the only Middle Eastern carrier in ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), concluded its Inclusive Education for Dewa Academy staff, in partnership with the American University in Dubai (AUD). The move follows the UAE’s inclusive education policy, which is accredited by the UAE Ministry of Education and the Knowledge and Human Development Authority (KHDA). Through the initiative, Dewa strives to qualify its academicians ...

Abu Dhabi / WAM Ali Mohammed Al Shamsi, Chairman of the Federal Authority for Identity and Citizenship (ICA), has said that the UAE always leads in implementing laws and legislation that aim to strengthen the country’s global tourism destination position and support its tourism economy. The recent decision by the UAE Cabinet to issue a multi-entry five-year tourist visa is ...