Dubai / WAM The Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF) on Sunday officially launched the fourth annual Nobel Exhibition, organised in collaboration with the Nobel Foundation in Dubai’s City Walk until March 3. Held under the patronage of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of MBRF, the 2018 Exhibition bears the theme “Nobel Prize ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is to launch a comprehensive digital initiative which will act as a ‘one-stop’ reference point for all information relating to culture in the emirate of Abu Dhabi. The initiative, planned to launch as part of UAE Innovation Month, is called ‘Abu Dhabi Culture’ ...

Bloomberg For the world’s top automakers wanting to join the race for electric vehicles, China is proving too hard to resist. Aston Martin, the legendary British brand immortalised by James Bond movies, is seeking a joint venture in China to help break into the world’s biggest market for EVs, Chief Executive Officer Andy Palmer said in an interview. Aston Martin ...

Bloomberg Good crops in Europe and India will probably extend a global sugar surplus for a second year, according to ED&F Man Holdings Ltd. Supplies are likely to outpace demand again in the season that starts in October, Kona Haque, head of research at the London-based trader, said in an interview before the Dubai Sugar Conference. That follows a glut ...

Bloomberg Coal India Ltd.’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories. Sales advanced 4.6 percent from a year earlier to 53.7 million tons, according to a stock exchange filing. That’s the highest in records going back to 2013. Production rose 1.3 percent to 56.69 million ...

Bloomberg India’s government clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits. Foreign investors in India don’t need to pay tax on past gains on investments in the equity market, Finance Secretary Hasmukh Adhia said in an interview with Bloomberg in New Delhi. India’s S&P BSE ...

Bloomberg India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them. “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told lawmakers in ...

Bloomberg South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant. Beginning with a trial of 1,100 public housing properties, 5 kilowatt solar panels and 13.5 kilowatt-hour Tesla Powerwall 2 batteries will be installed free of charge and financed ...

Bloomberg For almost a decade, investors have waited patiently for any hint of inflation in the US economy, a sign the recovery can sustain itself without emergency stimulus from the Federal Reserve. Now they’re getting it, and many are shocked at the reaction. It landed with the worst stock market plunge since January 2016. A stronger-than-expected employment report with signs ...

Reuters Middle Eastern stock markets sank on Sunday in response to the tumble on Wall Street on February 2, after US data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year. The Saudi index dropped 0.6 percent with falling shares outnumbering gainers by 105 to 74. Saudi Arabian ...