Abu Dhabi / Emirates Business A tourism delegation led by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) visited three major cities in China this month, to help raise awareness about the emirate as a holiday destination for Chinese travellers. The delegation, which included Etihad Airways, hotels, tour operators and attractions, visited capital city Beijing on ...
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Dubai to host 69th FIABCI World Congress in April
Dubai / WAM Dubai Land Department (DLD), on Sunday organised a press conference announcing hosting the 69th ‘FIABCI World Congress’ in Dubai, from April 27 to May 2, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. During the conference, DLD announced that the event is expected to ...
Read More »Tamouh Investments launches ‘Shukran Zayed’ initiative
Abu Dhabi / Emirates Business Communities across the UAE are being urged to come together to say ‘Shukran Zayed’ by sending their messages of gratitude to commemorate a century since the birth of the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan. Abu Dhabi-based developer Tamouh Investments has launched the social media initiative using the ...
Read More »NAMA calls for applicants to ‘entrepreneurship programme’
DUBAI / WAM The Badiri Education and Development Academy announced that applications are now open for the Entrepreneur Development Camp, the first phase of the Badiri Business Entrepreneurship Programme (BBEP), which focuses on building the capacity of women residing in various locations in Sharjah and equipping them with the skills required to become successful entrepreneurs. Badiri Education and Development Academy ...
Read More »Hon Hai profit shows iPhone delay offset by one-time sharp share gain
Bloomberg Hon Hai Precision Industry Co. felt the squeeze from 2017’s delayed launch of Apple Inc.’s iPhone X, the latest results from the world’s largest electronics contract manufacturer show. Were it not for a one-time gain of $2.2-billion from the sale of Sharp shares, analysts say, it would have been the company’s worst holiday quarter since at least 2010. Hon ...
Read More »Nissan to triple Datsun sales with new markets
Bloomberg Nissan Motor Co. is looking to triple sales of its low-cost Datsun vehicles by 2022 as the Japanese carmaker seeks to revive an 87-year-old brand it resurrected about five years ago. Growth will mainly come from markets in Africa, Middle East and South Asia, Peyman Kargar, senior vice president at Nissan, said in an interview in Karachi. After Pakistan, ...
Read More »Adani delays Aussie coal shipment, eyes deals
Bloomberg Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020 target date to begin mining coal from the Carmichael project in Australia’s northeastern state ...
Read More »China factory gauge rebounds as export demand recovers
Bloomberg A gauge of activity at China’s manufacturers posted its first gain since November, as factories recovered from a seasonal dip at the start of the year and export demand shrugged off threats of a trade war. The manufacturing purchasing managers index rose to 51.5 in March versus the 50.6 estimate in Bloomberg’s survey and 50.3 in February. The non-manufacturing ...
Read More »Beijing plans merger of shipbuilders to create heavyweight
Bloomberg China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that would dwarf its South Korean rivals, according to people with knowledge of the matter. The state council, China’s cabinet, has given its preliminary approval to merge China State Shipbuilding Corp. with China Shipbuilding Industry Corp., the people said, asking not ...
Read More »Iraq brings forward awarding of new oil contracts to April 15
BAGHDAD / Reuters Iraq plans to award oil and gas exploration and development contracts in 11 new blocks on April 15, oil ministry spokesman Asim Jihad said. Iraq had initially set June 21 as the date to open the bids for the new blocks, located in border areas with Iran and Kuwait, and in offshore Gulf waters. Bidding documents will ...
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