News

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) on Saturday announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products, Aluminium Futures and Zinc Futures, will go live March 22. The new products will provide investors with an opportunity to ...

Dubai / Emirates Business Food and Beverage (F&B) operators in the UAE have responded to headwinds facing the industry by enhancing operations and rationalising costs to maintain margins, closely reviewing and adjusting portfolios, and opting to exit loss-making outlets and struggling brands, KPMG’s 2018 F&B Report has found. The UAE continues to lead the Food & Beverage market in the Middle ...

Sharjah / Emirates Business The Sharjah International Government Communication Centre (IGCC), a subsidiary of the Sharjah Government Media Bureau (SGMB), will host an interactive media gathering on March 4, to reveal the agenda of the eighth edition of the International Government Communication Forum (IGCF 2019) which will be held on March 20-21. The media gathering will be held at Al ...

CAIRO / WAM The Sheikha Fatima Global Humanitarian Campaign has provided free medical treatment to thousands of women, children and elderly people in Egyptian villages, under the slogan, ‘Following in the Footsteps of Zayed,’ and as part of the ‘We Are All Our Mother Fatima’ programme. The campaign has stepped up efforts, attracting and qualifying Emirati and Egyptian doctors to ...

Abu Dhabi / WAM The 9th UAE Conference on Small and Medium Enterprises & Innovation was held in Dubai in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Chairman of the UAE SME Council. Al Mansouri emphasised that the UAE’s progress in accelerating the establishment of a robust SME sector according to highest standards stands out ...

HAJAR / WAM Up to 14,000 eligible Yemenis have benefitted from 2,000 baskets holding 160 tonnes of foodstuffs that have been distributed by the Emirates Red Crescent (ERC) among underprivileged households in the Hajar district in Hadramaut Governorate, as well as in Al Modharaba and Raas Al Aara districts in Lahej. The new aid consignment falls within the continuing efforts ...

Bloomberg India’s economy slowed considerably last quarter, with little signs of a quick recovery amid rising political tensions with neighboring Pakistan and weaker global demand. Gross domestic product (GDP) rose 6.6 percent in the three months to December from a year ago, lower than the 6.7 percent median estimate in a Bloomberg survey and down from a revised 7 percent in ...

Bloomberg China’s mounting pile of distressed debt has elevated market players’ attention to one of the nation’s less obvious economic data points: the producer-price index (PPI). With many of the debtors that ran into trouble in the past year coming from the industrial world, gauges of manufacturing strain are particularly important. Some analysts point to the PPI as a forward ...

Bloomberg The lower chamber of the Japanese parliament early on Saturday approved the government’s record $907 billion initial budget bill for the fiscal year starting April 1. Prime Minister Shinzo Abe’s Liberal Democratic Party and its coalition partner Komeito held a vote on the bill, clearing the way for its passage by the chamber to ensure it can be enacted ...

Bloomberg Inflation in Indonesia eased to a near-decade low, boosting odds that the next interest rate move by policy makers in Southeast Asia’s biggest economy could be down. Consumer prices rose 2.57 percent in February compared to a year earlier, the lowest since November 2009, according to figures released by the statistics office in Jakarta. That was lower than the ...