Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), announced that 6,000 new companies joined the Chamber in 2017, reflecting Sharjah’s continuous attractiveness to foreign investment and a modern business environment capable of adding value to the companies that set up business in the emirate. The total number of members increased by 6.8 percent year-on-year to 69,108 members ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed Liborio Stellino, Ambassador of Italy to the UAE, as part of diplomatic and consular visits to DEWA. During the meeting, Al Tayer emphasised the importance of cooperation between DEWA and Italian energy companies, and working to develop them on a wider scale. ...

DUBAI / WAM Expo 2020 Dubai has launched its first international marketing campaign, using hands to demonstrate the power of human collaboration. Using bold colours and the dexterity of dozens of hands, the campaign visuals create the illusion of easily recognisable objects, such as the Burj Khalifa, a lightbulb, Earth and wind turbines. The launch comes with 1,000 days to ...

Abu Dhabi / WAM A record 4.87 million people stayed in Abu Dhabi’s 162 hotels and hotel apartments during 2017, with the emirate recording an impressive 9.8 percent year-on-year rise. Figures released by the Department of Culture and Tourism – Abu Dhabi (DCT) for its hospitality sector reveal that the number of guests staying in Abu Dhabi city during the ...

Bloomberg US stocks pushed higher amid strong corporate results, while Treasuries rose after the Bank of Japan signalled it’ll maintain stimulus. The dollar declined. The S&P 500 Index gained for the third day in a row as investors digested strong earnings, including from Netflix Inc., which helped drive tech shares higher. Of the 68 firms in benchmark that have reported ...

REUTERS Most Gulf stock markets were firm on Tuesday, with conglomerate Aamal Holding surging in Qatar, but blue chip Emaar Properties dragged down Dubai’s index as the stock went ex-dividend. Qatar’s index rose 0.5 percent in active trade as Aamal gained 4.8 percent after saying a unit had spent about 179.5 million riyals ($49.3 million) buying residential assets in Doha, ...

Bloomberg The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our insurance business and non-banking finance company have got a huge opportunity to grow,” Natarajan Chandrasekaran, chairman of group holding company Tata Sons, said in an interview with ...

Bloomberg India is working towards a $5 trillion dollar economy by 2025, Prime Minister Narendra Modi said on Tuesday at the opening session of the World Economic Forum in Davos. “Almost all areas of our economy have been opened to foreign direct investment,” said Modi, the first Indian prime minister in two decades to attend the forum of global business ...

Bloomberg The Philippines retained its position as one of the world’s fastest-growing economies after expansion exceeded 6 percent for a sixth year. Gross domestic product increased 6.7 percent in 2017, the Philippine Statistics Authority said in Manila on Tuesday, matching the median estimate in a Bloomberg survey of economists. The economy rose 6.6 percent in the fourth quarter from a ...

Bloomberg Sunlands.com, a Chinese online learning provider, is planning a US initial public offering that could raise about $300 million, people with knowledge of the matter said. The Beijing-based company, which is backed by New Oriental Education & Technology Group Inc., aims to sell shares as soon as the first half of this year, according to the people, who asked ...