News

  Dubai / Emirates Business Tasjeel, the UAE’s one-stop-shop for all vehicle testing and registration needs, in cooperation with Sharjah Police expanded its presence to Kalba for the first time as part of its long-term expansion strategy. The new center in Kalba is one of the 12 new sites that the company plans to add over the next four years. ...

  Dubai / Emirates Business In collaboration with the UAE Council of Scientists, the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) held two workshops as part of the Nobel Museum 2017, which is taking place in the Children’s City, Dubai Creek Park until March 5. The Foundation is organising the Museum for the third consecutive year, this year’s edition ...

  Madrid / Emirates Business Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office, recently showcased Smart Dubai’s experience of transforming the emirate into a completely smart city to a number of future city leaders during the key session on the ‘Fourth Industrial Revolution’ at Mobile World Congress 2017 in Barcelona, Spain. During the presentation, Dr ...

  Bloomberg Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said ...

  Bloomberg India is exploring new locations, in addition to those already identified, to build nuclear power plants and meet its generation goal, a government official with direct knowledge of the matter said. The nation has had to back out from a couple of sites in the past because of opposition from the local population and is now looking at ...

  Bloomberg Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking ...

  Bloomberg Tesla Inc.’s revenue from China last year tripled to more than $1 billion, indicating better traction in the market Chief Executive Officer Elon Musk has predicted could eventually become the company’s biggest. hina accounted for more than 15 percent of Tesla’s more than $7 billion of total revenue last year, according to a US regulatory filing. Sales from ...

  Bloomberg Exxon Mobil Corp. is trading in long-term projects that pump oil over decades for US shale drilling that can be switched on or off as crude prices change. Long a world leader in multi-billion dollar oil and natural gas developments that take years to build and even longer to profit, Exxon is diverting about one-third of its drilling ...

  DUBAI / Reuters Oman’s government has given itself breathing space from the pressure of financing a large budget deficit by selling $5 billion of international bonds, almost completing its entire foreign borrowing plan for 2017 in a single issue. Wednesday’s bond sale, in tranches of five, 10 and 30 years, was about double the size that most investors had ...

  Bloomberg It’s not the economy. Prime Minister Narendra Modi took a dig at critics of his cash ban after government data showed surprisingly strong growth that helped India retain its position as the world’s fastest-growing big economy. “Well known intellectuals from Harvard and Oxford, who have been at key positions in the Indian economic system, had said the GDP ...