News

Abu Dhabi / WAM The Emirates Red Crescent (ERC), inaugurated the Al Fatah Elementary and Secondary School in Al Qataba, Khawkhah District in Hodeidah Governorate, after it has been renovated, rehabilitated and furnished, to support the education sector in Yemen. The ERC’s representative in the Red Sea Coast stated that the project was completed in record time, to enable 1,800 ...

Dubai / WAM Dubai International Boat Show gets underway next week, welcoming no fewer than 450 yachts and boats from around the world to the Dubai Canal. Ranging from fishing boats and small leisure-craft, to 50-metre (164ft) superyachts, the Dubai International Boat Show will be home to all things “chic nautique”, and will once again be the Middle East’s premiere ...

Dubai / Emirates Business The Gulf Craft Nomad Yachts range goes from strength to strength as the company pushes the innovation button with the launch of an extended range of Nomad Yachts at the Dubai International Boat Show. The new range is added to the already successful Nomad 55, Nomad 65 and Nomad 75 models which have made waves in ...

Dubai / WAM Demand within the UAE’s food and beverage sector is expected to gain momentum over the next three years, supported by the country’s fast-growing population, rising number of tourists, and expanding halal food market, according to new analysis from Dubai Chamber of Commerce and Industry. The findings of the analysis were revealed during a briefing on the sidelines ...

Bloomberg Brexit is threatening to spoil the appeal of the UK’s crude in the world’s biggest regional oil market. Seoul-based SK Innovation Co., an Asian buyer of North Sea Forties crude, sees a lower probability of purchases if the UK and South Korea don’t roll over an existing trade deal before Brexit. That’s after British Business Secretary Greg Clark admitted ...

Bloomberg The US is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said. Officials from the two countries are discussing how to address currency ...

Bloomberg China has delayed customs clearance of coal imports from Australia by as long as 40 days, according to a leading industry body, raising speculation that the world’s biggest shipper of the commodity is being targeted at a time of strained relations between the two nations. Customs officials are taking longer to clear Australian coking coal imports, especially in northern ...

Bloomberg India’s top court warned billionaire Anil Ambani he’ll be put behind bars unless his group pays its dues to Swedish supplier Ericsson AB, the latest twist in a dispute that helped push the tycoon’s mobile-phone carrier to file for bankruptcy. Ambani, 59, disobeyed an earlier Supreme Court order for his Reliance Communications Ltd. to pay 5.5 billion rupees ($77 ...

Bloomberg Carlos Ghosn is not guilty of the crimes he is accused of and his arrest was the result of a conspiracy at Nissan Motor Co., the jailed car titan’s new lawyer said as he kicked off his defense campaign in Tokyo. Nissan’s internal problems are the reason behind Ghosn’s jailing in Japan, and the carmaker should have dealt with ...

Bloomberg Sugar output in India, which vies with Brazil as the world’s top grower, will likely drop to a three-year low next season as dry weather in some main areas of western region cuts planting. Production may slide to less than 30 million metric tons in the year that begins on October 1 from an estimated 31.5 million tons this ...