Blog List Layout

  Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, inaugurated the 16th Airport Show at the Dubai International Convention and Exhibition Centre (DICEC) with 300 companies from 55 countries participating in the three-day show, expected to be attended ...

  Dubai / Emirates Business Dubai private sector companies indicated a sustained recovery in growth momentum from the survey-record low experienced in February. At 52.7 in April, up slightly from 52.5 in March, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index highlighted the fastest improvement in overall business conditions since November 2015. The headline index has now posted above ...

  Sharjah / Emirates Business Air Arabia PJSC reported strong financial results for the first quarter of 2016 exceeding analyst expectations as the Middle East’s first and largest low cost carrier continued to deliver outstanding performance and attract new customers. Air Arabia reported a net profit of AED114 million for the three months ending March 31, 2016, 34 percent higher ...

  Manila / AFP Anti-establishment firebrand Rodrigo Duterte was heading on Monday for a huge win the Philippine presidential elections, according to a poll monitor, after an incendiary campaign dominated by his profanity-laced threats to kill criminals. Duterte, the longtime mayor of the southern city of Davao, had hypnotised millions with his vows of brutal but quick solutions to the nation’s ...

  New Delhi / Bloomberg Maruti Suzuki India Ltd., Hyundai Motor Co. and Renault SA paced India’s biggest gain in passenger vehicle sales in five months, as new compact SUVs, hatchbacks and minicars drew buyers to their showrooms. Deliveries of passenger vehicles, including sport utility vehicles and vans, climbed 11 percent to 242,060 units last month, the Society of Indian ...

  Jakarta / Bloomberg China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party’s official mouthpiece newspaper said on Monday, citing an unnamed “authoritative” source. The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up ...

  BRUSSELS / AFP Eurozone finance ministers on Monday tackled crucial talks on unlocking vital cash and debt relief for Greece just hours after Greek lawmakers adopted unpopular reforms demanded as part of the country’s bailout. The 19 ministers, meeting in Brussels, are aiming to finally sign off on the long-delayed first review of Greece’s massive EU-IMF bailout — the ...

  Bloomberg Presumptive Republican presidential nominee Donald Trump said his chief economic concern is giving the middle class a sizable tax cut, while other proposals, including lowering taxes on businesses and the wealthy, were starting points for negotiation. “I have to negotiate now with senators and congressmen,” Trump said during an interview that aired on Sunday on NBC’s “Meet the ...

  Madagascar / AFP The sweet flavours of vanilla are taking on a bitter edge for buyers in Madagascar as prices have almost quadrupled but quality has declined, with experts blaming speculation, money laundering and a poor harvest. Madagascar, producer of 80 percent of the world’s vanilla, has seen the spice’s price jump from about $60 per kilogramme (2.2 pounds) in ...

  ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister of UAE and Ruler of Dubai, launched a national campaign entitled: ‘Cohesive Family 2021’, to strengthen family ties and endorse the family’s core role in preserving the identity and culture of society. His Highness Sheikh Mohammed bin ...