News

Ras Al Khaimah / Emirates Business Ras Al Khaimah has been named the GCC’s ‘Favourite Adventure Destination’ at the 2017 Condé Nast Traveller Middle East Readers’ Choice Awards – the region’s premier travel industry honours. The award recognises the major strides the emirate has taken to develop international-standard adventure and activity tourism offerings centred around Jebel Jais – the UAE’s ...

Sharjah/ Emirates Business Sharjah Public Library (SPL) has launched its ‘Digital Library Collection’, providing 38,000 libraries and schools from around the world with access to 1,200 of the emirate’s eBooks and audiobooks. In cooperation with ‘Overdrive’, one of the leading digital reading platforms in education, the material is compatible with most mobile devices and PCs, giving instant global accessibility. The ...

Geneva / WAM The UAE has reiterated its serious commitment to achieving the UN’s Sustainable Development Goals, SDGs, stressing the importance of reaching gender balance as part of its fulfilment of said goals. Addressing the World Family Summit 2017 in Geneva, Obaid Salem Al Zaabi, Permanent Representative of the UAE to the United Nations and other International Organisations, said that ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), on Sunday launched the ‘Don’t Be Deceived’ campaign, to educate customers in general, and youth in particular, about the different ways of deception and fraud on smart devices and various modern technologies. The campaign, which was launched during a press conference at the Emirates Towers in Dubai, intends to raise awareness ...

DUBAI / Emirates Business Cityland Group – developer of Cityland Mall, UAE’s first nature-inspired mall scheduled for launch in 2018 – on Sunday announced further progress in its leasing arrangements by signing up Matalan which is one of the leading fashion and lifestyle retailers across the globe. Founded in 1985, Matalan, the specialist retailer in fashion and homeware will occupy ...

Bloomberg Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell Plc to Exxon Mobil Corp. will find themselves with a surplus of cash to fund dividends, ruling the world of deep water mega-projects and even coming out ahead in tax negotiations with oil-reliant governments around the globe, ...

Bloomberg New Jersey became the latest state to consider subsidizing nuclear power with a $320 million-a-year plan to keep struggling reactors from going out of business. The state’s two plants would get extra payments for providing emission-free power under legislation introduced in Trenton. The move follows similar efforts by New York and Illinois and comes amid pressure from Public Service ...

Bloomberg The trains are running late for Canada’s oil producers just when they need them the most. After a two-week shutdown of one of the largest export pipelines to the US caused oil to back up in Alberta tank farms, Canadian railroad companies struggling to fulfill commitments to ship other commodities aren’t able to help ease the oil glut. “It’s ...

Bloomberg Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc. Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometres on a single charge, for 448,000 yuan ($67,783), the company said in Beijing. That compares with ...

Bloomberg Silver imports by India, one of the world’s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted by weak prices. Overseas purchases are estimated at as high as 5,500 metric tons in 2017 and may rise to about 6,000 tons next year, surging from 3,000 tons in 2016, according ...