News

Bloomberg China will expand its agricultural use of environment-damaging plastic film to boost crop production even as authorities try to curb soil pollution, a government scientist said. Some 1.45 million metric tons of polyethylene are spread in razor-thin sheets across 49 million acres—an area about half the size of California—of farmland in China. Use of the translucent material may exceed ...

Bloomberg India must boost growth if it’s to provide enough jobs for what will be the world’s biggest workforce, and history shows that some of the country’s best economic phases have come when society is most open, said Raghuram Rajan. Speaking a week after data showed growth in Asia’s No. 3 economy unexpectedly slowed to 5.7 percent, the former governor ...

Bloomberg China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. ...

Bloomberg India’s ability to predict the sort of devastating deluge that struck Mumbai last week is set to get a major boost next year. The heaviest rainfall since 2005 killed a dozen people in India’s financial capital, disrupted stock and bond trading and halted a suburban train network that carries about 8 million people a day. Local residents and civic ...

DUBAI / WAM Growth in the UAE non-oil private sector economy climbed to the fastest pace seen since February 2015, bolstered by sharp expansions in new orders and output, according to the latest UAE PMI survey. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the ...

SHARJAH / WAM A massive 24 million square metre-project said to be generating AED24 billion in real estate value was launched in Sharjah in the presence of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The Aljada, owned by Arada, is said to be the largest privately-owned mixed-use real estate project in the ...

DUBAI / Emirates Business Souq.com announced it has entered into a definitive agreement to purchase Wing.ae, a marketplace for merchants and couriers in the UAE, providing innovative mobile and web-based user-friendly delivery solutions for businesses and individual consumers. Souq.com previously invested in Wing.ae and will be acquiring 100% of the company. Wing.ae now has the full backing of Souq.com, a ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport at the Abu Dhabi City Municipality (ADM) in cooperation with the Abu Dhabi Police and Tadweer, continues to achieve the goals of the ‘Green Abu Dhabi’ campaign, which aims to preserve various species of trees, including palm trees, green spaces, landscaping, and median plantations. The campaign seeks to support ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Wednesday launched the new vision for the Mohammed bin Rashid Centre for Leadership Development, during a graduation ceremony of a new batch of young executive and government leaders. The ceremony was attended by HH Sheikh Ahmed bin Mohammed ...

Dubai / WAM Latin American nation Chile has announced it will join the UAE’s own celebration of ingenuity, Expo 2020 Dubai. The country has officially confirmed its participation in the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region. Through its overall theme, ‘Connecting Minds, Creating the Future’, Expo 2020 Dubai will offer ...