News

  Abu Dhabi / Emirates Business Etihad Rail been participating in the region’s largest rail exhibition and conference, Middle East Rail (MER), held at Dubai International Convention and Exhibition Centre over the March, 7-8. During the two-day event, the national rail network has showcased an Etihad Rail Virtual Reality experience, planned network maps and an insight into the future passenger ...

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) launched a series of awareness lectures at a number of Abu Dhabi Majlises. The first lecture titled “From Waste to Resources” was held at Majlis Al Bateen, and was attended by His Excellency Jaber Mohammed Ghanem Al Suwaidi, the General Director of the Crown Prince ...

  Dubai / Emirates Business On International Women’s Day, healthcare leaders from across the region pledged to take action in closing the workplace gender gap while attending the 3rd MENA MedTech Forum in Dubai. The commitment comes following local survey results which revealed very few women in senior leadership roles within the corporate healthcare environment in MENA, mirroring global numbers ...

  Reuters A partnership of US agribusiness giant Archer Daniels Midland Co and Saudi foods group Almarai is among potential bidders for Saudi Grains Organisation’s milling operations, the kingdom’s sole supplier, sources aware of the matter said. Italian wheat supplier Casillo Group and a partnership of Turkey’s TAV Group, a construction and airports conglomerate, and Saudi Arabia’s Al Rajhi Holding ...

  Reuters The number of tourists visiting Egypt this year could come close to levels seen before its 2011 uprising, encouraged by investments in airport security and a cheaper Egyptian pound, the country’s tourism minister said. Egypt’s tourism industry, a crucial source of hard currency, has suffered in the years of turmoil that followed the mass protests, as well as ...

  Reuters Hundreds of Egyptians protested around the country, blocking roads and surrounding government offices, after a change to the way bread rations are managed raised fears that the government was cutting food subsidies by the back door. Bread subsidies are an explosive issue in Egypt, where more than 70 million people receive state rations. Core inflation in the country ...

  Bloomberg Indian stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump’s US election win and foreigners have pumped $2.4 billion into the country’s bonds and equities. As investors wait for the results of one of Narendra Modi’s biggest electoral tests since he came to power in 2014, there’s a ...

  Bloomberg Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy compa- nies, rejecting concerns that the market has been supported by speculators. As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as ...

  Bloomberg Record cargoes of iron ore coming into China and fewer boatloads of steel going out signal a boon for miners including BHP Billiton Ltd., Rio Tinto Group and Vale SA, as well as welcome news for rival metal producers like Europe’s ArcelorMittal. Purchases of ore rose 13 percent to 83.5 million metric tons in February, an all-time high ...

  Bloomberg India’s monsoon may escape the effects of a possible El Nino event that can bring dry weather to the world’s top cotton grower and second-biggest wheat and sugar producer. “Mostly it may not have any impact on rains” because the El Nino probably won’t develop until later this year, said D.S. Pai, head of the long-range forecasting division ...