News

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a fourth daily flight on its route from Abu Dhabi to Riyadh, the capital of the Kingdom of Saudi Arabia (KSA), effective December 8. The additional service will be operated by an Airbus A320 configured with 8 seats in Business and 150 seats in Economy. ...

Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The meeting is ...

ABU DHABI / WAM Hamad Al Mutawa, Chief Operating Officer of Commercial Operations at the Dubai Cable Company (Ducab), said that the company is supplying 90 percent of cables required by the Expo 2020 Dubai, which will be used by the expo’s train project. The oil and gas sector accounts for over 20 percent of the company’s sales, he added, ...

Abu Dhabi / WAM The UAE has embraced hundreds of leading innovative ideas and projects, making it the home of all innovators and ambitious people from around the world. The UAE’s openness and tolerance, as well as its safe and stable environment and its strategic location and modern legislation, have enabled it to attract people wishing to establish their businesses ...

Bloomberg Nissan Motor Co withdrew its dividend outlook and said it’s now undecided on a payout, an unexpected blow to top shareholder Renault SA. The Japanese automaker, which slashed its profit and sales outlook for the current fiscal year to March, had already cut its dividend earlier this year. It withdrew its outlook for a 40 yen-per-share divided for the ...

Bloomberg Tata Group, the owner of Jaguar Land Rover (JLR), has approached carmakers including China’s Zhejiang Geely Holding Group Co and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said. India’s largest conglomerate has said it’s open to finding partners for JLR to save on costs and share the burden ...

Bloomberg Singapore’s Temasek Holdings Pte is eyeing its first euro-bond sale in almost four years, as low borrowing costs draw more Asian issuers to Europe. The state investor may sell 12-year and 30-year benchmark notes, according to a person familiar with the matter, who is not authorised to speak publicly and asked not to be identified. The AAA rated issuer ...

Bloomberg German businesses are more pessimistic on one of their biggest markets than they’ve been in years. A survey of more than 500 companies with operations in China showed only a quarter expect to meet or exceed their business targets this year, according to the German Chamber of Commerce in China. More than 80% are experiencing either direct or indirect ...

Bloomberg India’s factory output shrank to the lowest level in eight years, as a sharp fall in capital goods production underlined weak demand in Asia’s third-largest economy. The index of industrial production fell 4.3% in September, data released by the Ministry of Statistics showed. That compares with an estimate for a 2.5% contraction, and is the lowest since October 2011. ...

Bloomberg Each year India’s rice farmers burn the stubble of the harvested crop, contributing to an annual haze that damages the health of those in and around the capital. Yet the country is producing more rice than it needs thanks to government subsidies. Guaranteed prices have encouraged farmers to grow so much rice — one of the most water-intensive crops ...