News

  Abu Dhabi / WAM The Board of Directors of Abu Dhabi Housing Authority (ADHA) under the chairmanship of Saeed Eid Al Ghafli, exempted 16 cases from loan payments totalling AED12 million due to deaths. During its first meeting this year, the ADHA board also reviewed 936 requests for the replacement of a land grant for a built housing facility, including ...

  Abu Dhabi / WAM The UAE Research Programme for Rain Enhancement Science is collaborating with a team of leading meteorologists to develop a potentially ground-breaking technology revolving around the ‘electrical seeding’ of clouds, a theoretical concept that studies the effect of electrical charges on rain-bearing clouds. Alya Al Mazroui, Manager of the UAE Research Programme for Rain Enhancement Science, and ...

  Dubai / Emirates Business Dubai’s tourism sector sustained the momentum of its strong 2017 start, with the emirate’s Department of Tourism and Commerce Marketing (Dubai Tourism) reporting a stellar 11 percent increase in overnight visitation in the first three months of the year compared to the same period in 2016. January to March 2017 saw 4.57 million travellers visit ...

  ABU DHABI / WAM ZonesCorp announced its participation in the Hannover Messe exhibition, the world’s leading industrial technology show, being held in Hannover, until April 28. Saeed Eisa Al Khyeli, Director-General of ZonesCorp, said, “ZonesCorp’s participation this year in Hannover Messe is a valuable opportunity to showcase the success of the industrial sector in the Emirate of Abu Dhabi ...

  DUBAI / Emirates Business The Ministry of Climate Change and Environment (MoCCaE) has banned imports of certain vegetables and fruits from select countries with effect from May 15 as those products have been found to contain pesticide residues in excess of permissible limits. The counties that will be impacted by the ban include Egypt, Oman, Jordan, Lebanon and Yemen. ...

  Bloomberg India toppled Japan as the world’s second-largest importer of liquefied petroleum gas as Prime Minister Narendra Modi’s pledge to provide cooking gas cylinders to the poor and wean them off polluting fuels drove up consumption. Imports of LPG, mostly used as cooking fuel, soared 23 percent during the financial year that ended March 31 to 11 million tons, ...

  Bloomberg The challenge is daunting: Convert an economy of more than 1 billion consumers, 29 states, 22 official languages, 9 million businesses all operating under a spider’s web of taxes, arcane regulations and competing political ambitions into a unified common market. But that’s the goal as India gets ready to roll out a goods-and-services tax after a 10-year battle ...

  Bloomberg China’s boom in wealth-management products worth trillions of dollars, under scrutiny from regulators because of potential threats to financial stability, is slowing for now. Outstanding products issued by banks stood at 29.1 trillion yuan ($4.2 trillion) as of March 31, up 18.6 percent from a year earlier, according to the China Banking Regulatory Commission. The growth rate slumped ...

  Bloomberg For all Donald Trump’s efforts to revive coal, market forces and some of his own supporters are vying to write their own version of America’s energy future. Divisions persist among the president’s supporters — and even within his own cabinet — about whether to continue subsidies for wind and solar power, enact a carbon tax, remain party to ...

  Bloomberg German business sentiment rose to the strongest level in almost six years in a sign that the momentum in Europe’s largest economy is set to continue. The Munich-based Ifo institute’s business climate index increased to 112.9 in April from a revised 112.4 in March. That compares with a median estimate of 112.4 in a Bloomberg survey of economists. ...