News

DHAKA / WAM The Emirates Red Crescent (ERC), continues to provide humanitarian and relief aid to Rohingya refugees in Bangladesh upon the directives of country’s leadership and under the supervision of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The distribution of the aid is part of the UAE’s ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, will inaugurate the fourth edition of the International Photography Festival (Xposure 2019), the region’s biggest photography event on Thursday, at Expo Centre Sharjah. The four-day International Photography Festival will run from September 9-22, and will witness the participation of 53 of ...

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, now offers direct flights between Sharjah and Vienna. The non-stop six-hour flight to Vienna, will operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays, and will be expanded to daily flight service as of mid-December. Adel Al Ali, Group Chief Executive ...

Dubai/ WAM Developing and maintaining a sustainable, reliable and high-quality infrastructure is the key to the success of any city, according to Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance (DoF). “We are continuously aspiring to enhance the financial sustainability of the public sector and provide a stimulus for economic growth in the Emirate of Dubai. In line ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (Raktda) on Wednesday announced record-breaking visitor numbers to Ras Al Khaimah in August, with almost 118,000 visitors choosing the UAE’s northernmost Emirate to visit and enjoy it’s fascinating history, traditional culture, magnificent landscapes and world-class hotels and resorts. The emirate of Ras Al Khaimah has witnessed a 5% ...

Bloomberg Nissan Motor Co is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said. The company has invited private equity and trading firms to bid for 100 percent of Nissan ...

Bloomberg The trade spat between Japan and South Korea caused Korean visits to its neighbor to plunge by almost half in August, dragging down overall arrivals to Japan for only the second time in six years. Tourists from South Korea, which normally make up about a quarter of visitors to Japan, plummeted 48 percent to 308,700 people, according to the ...

Bloomberg India still ranks among the most expensive countries in the world in terms of fees charged on equity and hybrid mutual funds, even after implementation of a number of investor-friendly measures in recent years. The country’s asset-weighted median expense ratio for equity mutual funds is 1.93 percent, according to a study of by Morningstar Inc. That’s higher than all ...

Bloomberg The air quality level in Singapore turned unhealthy ahead of the Formula 1 race this weekend, while Kuala Lumpur was ranked among the world’s most polluted cities, as wind from neighboring Indonesia continued to sweep in ash and smoke from illegal burning of forests and farm land. Authorities cancelled schools for nearly one in seven Malaysian children as the ...

Bloomberg South Korea stocks, one of the worst-hit markets in the wake of US-China trade tensions, face another risk: the surge in crude oil prices. Nader Naeimi, head of dynamic markets at AMP Capital Investors, is selling Korean equities on concern rising geopolitical risks in the Middle East will raise oil prices, hurting the earnings of Korean firms. He’s turning ...