Dubai / WAM Dubai private sector companies signalled a positive start to the third quarter of 2016, with overall business conditions improving at the fastest pace since March 2015. This was highlighted by a rise in the headline seasonally adjusted Emirates NBD Dubai Economy Tracker Index from 54.6 in June to 55.9 in July. The index – a composite indicator ...

  Abu Dhabi / WAM Abu Dhabi Ports on Tuesday announced the arrival of the first container of Morgan Advanced Materials (Morgan), a world leader in advanced materials, at Khalifa Industrial Zone Abu Dhabi (Kizad). Abu Dhabi Ports ensured timely handling of the first shipment, which contained critical equipment for Morgan’s dedicated 37,000 square meter advanced materials facility in Kizad’s Free ...

  Dubai / WAM Dubai Chamber of Commerce and Industry is organising the Global Business Forum on Latin America, which will be held at Atlantis the Palm hotel in Dubai from November 9-10, under the theme of “Shifting Synergies”. The forum is under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

  Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of the Dubai Women Establishment (DWE) and wife of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has directed the establishment of a committee to review the maternity law to provide women with ...

  AFP China’s producer prices fell at their slowest rate in nearly two years in July, the government said, a sign of improving conditions in the world’s second largest economy. The producer price index (PPI), which measures the cost of goods at the factory gate, fell 1.7 percent year-on-year last month, the National Bureau of Statistics (NBS) said, as a ...

  Tokyo / AFP India’s love for fried food could help curb its crude oil imports. The nation of 1.3 billion people can make at least 2 million tons of biodiesel annually by processing used cooking oil from restaurant chains, said Ramakrishna Y.B., the head of an Indian government panel that’s looking at the potential for fuels derived from plants. ...

  TOKYO / AP China’s passenger-vehicle sales accelerated the most in 17 months, as General Motors Co. and Guangzhou Automobile Group Co. boosted deliveries and dealers offering discounts helped clear inventories in the world’s biggest auto market. Retail sales of cars, sport utility and multipurpose vehicles climbed 23 percent to 1.6 million units in July, the biggest monthly percentage gain ...

  Bloomberg McDonald’s Holdings Co. Japan posted a profit in the second quarter, ending a streak of seven consecutive losses by attracting more customers with promotional menus as it sought to rebuild its image after a series of food scandals. Net income was 300 million yen ($2.9 million) in the three months ended June, based on first-half results the company ...

  Ajman / Emirates Business The Ajman Tourism Development Department (ATDD) announced that the emirate earned AED200 million in tourism revenues from a total of 272,021 visitors in the first half of 2016. Tourism revenues from April to June 2016 reached AED92 million, 11 percent higher compared to the same period in 2015. Total guests for the period are 129,617 ...

  Dubai / Emirates Business Ayla Oasis Development Company (Ayla), one of the largest tourism and real estate development companies in Jordan and master developer of the Ayla project in Aqaba, announced on Tuesday the hand-over of the first phase of the Island Apartments, located within the Marina district, to their owners. The apartments are situated at the heart of ...