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  Abu Dhabi / WAM The growth of Foreign Direct Investments (FDIs) in the Emirate of Abu Dhabi in 2016 has hit 8% equaling AED 95.145 billion compared with AED 88.95 billion in 2015. The new figures came in the estimation of the annual report on Direct Foreign Investment in the Emirate of Abu Dhabi, issued by the Statistics Center – ...

  Abu Dhabi / Emirates Business Abu Dhabi has been ranked among the fastest-growing tourist destination in the world, and the fastest-growing destination in the Middle East, in a new report by financial services giant Mastercard. The Global Cities Index Report recognised the UAE capital’s compound annual growth rate of 19.81% in overnight visitors between 2009 and 2016, which places ...

  Bloomberg The UK government is deeply concerned that Donald Trump’s closeness to Russia will give sway to Vladimir Putin in eastern Europe and weaken US ties with its traditional Western allies. The US President-elect caused alarm in London after saying he wants a warmer relationship with Russian President than the Obama administration had, according to two senior officials, who ...

  Bloomberg For Tata Group’s new chairman, restoring order at India’s largest conglomerate will be atop his agenda after the ouster of his predecessor Cyrus Mistry triggered one of the country’s biggest corporate power struggles in years. The conglomerate picked Tata Consultancy Services Ltd. Chief Executive Officer Natarajan Chandrasekaran on Thursday as the next chairman of group holding company Tata ...

  Bloomberg Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. Among the least developed countries, the combined size of the three ...

  Bloomberg Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489 million metric tons this year, 18 percent above the government-mandated target, according to energy ministry forecasts. That’s up from last year’s output estimated at 434 million tons and would ...

  Bloomberg Japan is stepping up its drive to pressure companies into abandoning a culture of long working hours. Prosecutors this week began reviewing whether Mitsubishi Electric Corp. forces its employees to work excessive hours — a move that follows an investigation of Dentsu Inc., Japan’s biggest advertisement agency, where a female worker who put in more than 100 hours ...

  Bloomberg Fiat Chrysler Automobiles NV is under investigation by the US Justice Department over its alleged failure to disclose software that violated emissions standards, according to people familiar with the matter, another legal hurdle for a company already under criminal scrutiny for its sales practices. The possibility of a criminal action over diesel emissions violations comes after the Environmental ...

  Bloomberg Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as a refuge from Manhattan’s high costs. Purchases in Brooklyn rose 22 percent from a year earlier to 2,582, while the median price of those deals climbed 15 percent to a ...

  Abu Dhabi / WAM The Global Energy Forum, which is being held for the first time in the region, launched in Abu Dhabi on Thursday in the presence of Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, and Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group. Held under the patronage ...