News

Boston / Emirates Business dnata, one of the world’s largest air services providers, continues to expand its catering operations in the United States. The company has opened two new, state-of-the-art facilities at Boston Logan International Airport (BOS) and Los Angeles International Airport (LAX) and now offers quality catering services from six airports in the country. dnata’s catering operations in the ...

DUBAI / WAM Catering to the growing banking demand of SMEs, Mashreq on Wednesday announced the launch of NeoBiz, the first digital banking proposition in UAE that will offer customised digital offerings for SME’s including start-ups and young businesses in the country. With the motto, ‘Built for business’, NeoBiz offers key services including digital onboarding, transparent and simplified products, digital ...

Dubai / WAM The Dubai Diamond Exchange’s newly upgraded auction facility was revealed on Wednesday, in a bid to drive a rise in the number of auctions held in Dubai, and boost sales and trade flows through the emirate. DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday unveiled the redesigned ...

AL AIN / WAM Sheikh Hazza bin Tahnoon bin Mohammed Al Nahyan, Under-Secretary of the Court of the Abu Dhabi Ruler’s Representative in Al Ain Region inaugurated the 11th edition of Al Ain Book Fair, which plays a vital role in bolstering the UAE’s publishing industry. Running at Al Ain Convention Centre until October 3, the Book Fair is held ...

Bloomberg China’s economy in the third quarter was the weakest it has been this year, according to the China Beige Book, with manufacturing, property and the services sectors all worsening, even as borrowing picked up. Manufacturing revenue, profits, volumes and sales prices fell by double-digit paces from the previous three months, although borrowing remained at its highest level, according to ...

Bloomberg Vietnam’s campaign to tamp down the Trump administration’s trade gap ire has come to a coastal commune better known for growing dragon fruit along one-lane potholed roads. The community could soon be home to a $5 billion liquefied natural gas project that would include an import terminal and gas-fired power plant and eventually import billions of dollars of US ...

Bloomberg Sugar output in India’s second-biggest producing region will be lower than expected after floods damaged crops and as some farmers sell cane for feed. Production in the western state of Maharashtra may total 5.2 million to 5.3 million tons in the year starting from October 1, compared with a previous estimate of 6.44 million tons, said Shekhar Gaikwad, the ...

Bloomberg China was the leading source of planned foreign direct investment in the year ended-June, leading a recovery in the value of project approvals in Uganda. Chinese companies accounted for $607.3 million, or 45 percent, of the total planned investment projects cleared in the past financial year, the Uganda Investment Authority acting Director-General Lawrence Byensi said in an emailed statement. ...

Bloomberg Ford Motor Co is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market, people with knowledge of the matter said. Mahindra, one of India’s largest automakers, will own 51 percent of the new ...

Bloomberg The number of Chinese tourists visiting Thailand topped 1 million in August for the first time in six months, brightening an otherwise dim outlook for the nation’s economy. Chinese arrivals surged almost 19 percent to 1.03 million during the month compared with a year earlier, Tourism Ministry data showed. Overall visitor growth of 7.4 percent was the strongest this ...