News

Sharjah / WAM The Sharjah Department of Statistics and Community Development (DSCD), rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communities and free zones in the emirate. The project was launched in January this year. More than 5,800 organisations from all areas and cities of Sharjah including 860 major companies have been ...

Dubai / WAM Dubai Cares has committed to contributing $800,000 over four years to expand the reach of the International Publishers Association’s (IPA), programmes in Africa, as well as to cooperate on new initiatives with regard to sustainable development, education, and publishing. Kenya and Morocco have been identified as initial focus countries, with other beneficiary countries to be announced at ...

Abu Dhabi / WAM Twelve young Emiratis recently participated in the ‘Intel International Science and Engineering Fair’ (Intel ISEF), a global pre-college science competition which took place in Phoenix, Arizona, US. Of the participating teams, ‘Refushield’ from Al Mawaheb School – represented by Dhabia Al Hosani, Reem Alhajeri, and Amena Almarzooqi and under the supervision of Dalia Eissa – won ...

Abu Dhabi / Emirates Business Following the success of the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) in 2018, organisers Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that UAE-based boat manufacturer Al Suwaidi Marine (ASM), will support the event’s upcoming October 2019 edition as returning Official Gold Sponsor. At ADIBS 2018, which attracted more than ...

Bloomberg Tesla Inc. is planning to cut the price of its solar panels, and the chief of rival Sunrun Inc. isn’t worried. In fact, Sunrun Chief Executive Officer Lynn Jurich said she thinks it’s great that Tesla gets so much attention. “More attention really raises the boat for everybody,” she said on a call with analysts. “Having Tesla out there ...

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...

Bloomberg One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated. Kangmei Pharmaceutical Co transferred $1.3 billion to connected entities to trade its own shares, it said in a filing that appeared on the Shanghai exchange. The management of its ...

Bloomberg Nissan Motor Co’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week. There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the ...

Bloomberg Liu Shiyu, the former head of China’s securities regulator, is under investigation for suspected law violations and has turned himself in, authorities said. Liu, who remains a senior Communist Party official, is cooperating with the probe, according to a statement from China’s Central Commission for Discipline Inspection. He was chairman of the China Securities Regulatory Commission for three years ...

Bloomberg Japan’s unexpected growth spurt in the first quarter masked weakness in the economy just as policy makers prepare to hike the sales tax in October. Gross domestic product expanded an annualised 2.1 percent, but the biggest driver was imports falling even faster than exports, which meant that net exports technically fueled growth in the economy. Declining imports is a ...