Blog List Layout

Mohammed stresses on importance of education

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Global Education Supplies and Solutions Exhibition (GESS), organised by the Ministry of Education, at the Dubai World Trade Centre on Thursday morning. HH Sheikh Mohammed bin Rashid visited more than 500 public and private sector pavilions of ...

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Muslims spend AED205.5bn on halal cosmetics in a year

  DUBAI / WAM With a market size of AED205.5 billion, Halal cosmetics is no longer seen as a trend but a key component of people’s lifestyles, according to the head of the International Halal Accreditation Forum (IHAF), General Secretariat Office based in the UAE. Mohammed Saleh Badri, Secretary-General of the International Halal Accreditation Forum, said, “Consumer awareness and preference ...

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PepsiCo, Coca-Cola in a bind in South Indian state

  Bloomberg A potent blend of pride, economic nationalism and mounting concern over water security have the world’s two biggest cola brands in a bind in southern India. Shopkeepers in drought-hit Kerala state decided to promote local brands over Coca-Cola Co. and PepsiCo Inc. beverages after counterparts in neighboring Tamil Nadu boycotted the multinational drinks. While retail groups claim the ...

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China introduces services index to reflect changing economy

  Bloomberg China introduced a new indicator for the services sector to better track the vast range of activity from movies to restaurants that now account for more than half of the economy. The services output index rose 8.2 percent in January and February from a year earlier on growth in technology, transportation, and deliveries, the National Bureau of the ...

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Dutch liberals defeat Wilders’ party in blow to populists

  Bloomberg Dutch voters turned out in force to back pro-European parties and help Prime Minister Mark Rutte’s Liberals easily beat off an election challenge by the anti-Islam Freedom Party of Geert Wilders, drawing a line in the sand over the spread of populism. With votes counted in all but one of the country’s 388 municipalities, the Liberal Party had ...

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Indian steel mills reverse import woes with export

  Bloomberg India is set to become a net exporter of steel for the first time in four years, reversing a trend that saw domestic mills battling a flood of cheap imports, according to the Indian Steel Association. Shares of producers surged in Mumbai. “This is a very positive development and it would indicate that the Indian steel industry is ...

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Top Indonesia nickel miner seeks to export 6 million tonnes of ore

  Bloomberg PT Aneka Tambang, one of Indonesia’s biggest nickel producers, is seeking government approval to export 6 million metric tons of low-grade ore, two months after the nation relaxed its ban on shipments. The Jakarta-based company filed an application with the Energy and Mineral Resources Ministry this week to export the ore over a year, Senior Vice President Trenggono ...

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Trump demands auto jobs after ‘fuel economy relief’

  Bloomberg President Donald Trump is laying out an explicit quid pro quo for automakers: He’ll cut them a break on environmental standards and wants more hiring in return. “You need to come back and give us big numbers in terms of jobs,” Trump told the chief executive officers of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles ...

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Toyota to upgrade UK carmaking plant as Brexit decision looms

  Bloomberg Toyota Motor Corp. plans to upgrade its UK carmaking plant in a sign that concerns about Brexit won’t derail its investments in the country for now. The world’s second-biggest auto manufacturer will spend 240 million pounds ($294 million) to update equipment and technology at a factory in Burnaston, England to allow the production of models on its latest ...

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82% people in UAE have a positive view of businesses

  ABU DHABI / WAM Residents of the United Arab Emirates have a resoundingly positive view of the country they live in and of the future, in stark contrast to views from other countries around the world. According to Brunswick Insight’s global research, an overwhelming sense of well-being and security, trust in the capacity of business for doing good, and ...

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