News

Bloomberg India’s consumer price inflation hit a more than five-year high, boosting the case for the central bank to keep interest rates on hold for longer and possibly putting at risk its accommodative stance. Data on Monday showed inflation breached the upper end of the Reserve Bank of India’s (RBI) 2%-6% target band as it accelerated to 7.35% in December ...

Bloomberg Saudi Arabia’s energy minister said that Opec and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East. Oil prices have erased all of this year’s rally, which saw Brent crude surge to a three-month high of almost $72 a barrel. Opec ...

ABU DHABI / WAM Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced on Monday that it has acquired Bayanat for Mapping and Surveying Services LLC, an end-to-end and customised geospatial data products and services provider. Bayanat has been a leader in the geospatial domain since its launch in 2010, delivering various geospatial solutions and services, providing ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), exchanged signing of agreements with Indonesia’s Pertamina and Chandra Asri. Adnoc signed a Memorandum of Understanding (MoU), to explore potential development of a Crude to Petrochemicals complex in Balongan, Indonesia as well as a Sales Agreement in which Adnoc will supply Pertamina with up to 528,000 MT of LPG ...

Abu Dhabi / Emirates Business Etihad Guest, the award-winning loyalty programme for Etihad Airways, has inked a new partnership with Gulf Air, the national carrier of the Kingdom of Bahrain, further enhancing benefits for its members. The partnership expands on codeshare agreement between the two airlines and provides further cooperation between the frequent flyer programmes, Etihad Guest and Falconflyer. This ...

Abu Dhabi / Emirates Business The media plays an increasingly significant role in our lives as a trusted source for news and information, and beyond that also a source for entertainment. It is also a powerful communications platform for the society with the ability to influence people’s opinions and perceptions therefore making a significant social impact at all levels, highlighted ...

Dubai / Emirates Business At the start of a new decade, Emirates SkyCargo, the freight division of Emirates, is geared up to facilitate global trade and cargo movement in 2020 and beyond through a combination of innovative product development and investment in ‘fit for purpose’ infrastructure. “The outlook for 2020 is more positive with the air cargo industry set to ...

DUBAI / WAM Glimpses into Air Traffic Control (ATC), modernisation and innovation will be provided to aviation industry stakeholders at the ATC Forum which is returning for its third straight year in June 2020 during the Airport Show, the world’s largest annual airport industry gathering. The event is coming at a time when it has been predicted that more than ...

Bloomberg India will create at least 1.6 million fewer formal jobs across government and low-paying sectors, State Bank of India estimates, a segment that typically absorbs some of the millions of youth entering the world’s biggest workforce each year. There’s also evidence that people who migrate within the country for employment are sending less money home to some of the ...

Bloomberg India lost more than $1.33 billion to internet restrictions in 2019 as prime minister Narendra Modi’s government pushed ahead with his party’s Hindu nationalist agenda, raising tensions and sparking nationwide protests. The worst shutdown has been in Kashmir, where after intermittent closures in the first half of the year, the internet has been cut off since August 5 following ...