News

DAMMAM / WAM The UAE has done impressive work to stay on track with the renewable energy targets and with phases 3 and 4 of the Dubai Solar Park to begin commissioning by the end of 2020, and is placed at the forefront of renewable energy development in the region, according to a research published by the Arab Petroleum Investments ...

RIYADH / WAM The presence of the joint forces of the Arab Coalition on the island of Socotra is within coordination with the legitimate Yemeni government, and that the coalition welcomes the statement issued by tribes and sheikhs of Saada Governorate, totally rejecting the Iranian-backed Houthi coup, the official spokesman for the Coalition to Support the Legitimacy in Yemen, Colonel ...

Abu Dhabi / WAM Work timings for all private sector organisations will be shortened by two hours throughout the Holy Month of Ramadan, according to a circular issued by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, on Tuesday. The circular was based on Article 65 of the Federal Law No. 8 of 1980. The minister expressed ...

DUBAI / WAM The UAE recorded very positive figures and rates in the outcomes of the indicators of the UAE National Agenda pertaining to the works of the Ministry of Interior (MoI), officials said. Speaking in a press conference organised at Dubai Police Officers’ Club, Dhahi Khalfan, Deputy Chairman of Police and General Security in Dubai, stressed that the UAE, ...

Dubai / Emirates Business Emirates will commence its signature Ramadan service for customers during the holy month. Emirates’ Ramadan service consists of specially crafted iftar meals on board, relevant programming on its ice inflight entertainment system, and the distribution of dates and water on the ground for those breaking their fast. Emirates provides iftar boxes with a nutritional meal for ...

Bloomberg Europe is starting to steal some of the limelight from China’s booming liquefied natural gas demand as imports pick up after several lackluster years. Europe and China will be comparable in significance as importing regions in the coming years, Cheniere Energy Inc. said, citing data from Wood Mackenzie Ltd. That follows “absolutely phenomenal” growth in China last year, Andrew ...

Bloomberg Tata Steel Ltd.’s plan to double its production capacity in five years received a boost after an Indian court gave its final approval for the purchase of the assets of Bhushan Steel Ltd., Tata’s biggest buy since Corus Group Plc. The two-judge tribunal rejected objections to Tata’s bid from Bhushan creditor Larsen & Toubro Ltd. and the steel company’s ...

Bloomberg China Tower Corp., the state-owned wireless infrastructure operator, filed for an initial public offering (IPO) in Hong Kong that could match the city’s biggest since 2010. While the world’s largest telecom tower service provider didn’t give a fund-raising target or proposed timing of the sale in its filing dated Monday, the IPO may raise about $10 billion, people with ...

Bloomberg Apple Inc. Chief Executive Officer Tim Cook said he criticised Donald Trump’s approach to trade with China in a recent White House meeting, while urging the president to address the legal status of immigrants known as Dreamers. In an interview on Bloomberg Television, Cook said his message to Trump focussed on the importance of trade and how cooperation between ...

Bloomberg Tencent Holdings Ltd. is back below HK$400 as investors await its quarterly earnings. The shares slumped 3.4 percent on Tuesday for the biggest drag on the Hang Seng Index, taking its losses since a record in January to $95 billion. Whether it’s just a case of profit taking after a five-day rally, whispers about quarterly numbers, or just index ...