News

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of Dubai, visited on Thursday Design Days, at Madinat Jumeirah. The event is part of Art Dubai Week (Art Dubai). His Highness Sheikh Mohammed bin Rashid toured the exhibition area where some 50 galleries representing 39 countries are showcasing their ...

  MADRID / WAM Emirates Airline debuted the new Real Madrid decal on its iconic A380, as it made its first touchdown at Adolfo Suarez Madrid-Barajas airport. The decal features some of the club’s world-class players, including Cristiano Ronaldo, Gareth Bale, Sergio Ramos, Karim Benzema and Marcelo. Visible from both sides of the plane, the bespoke decal covers an area ...

  SHARJAH / WAM Sharjah-based Air Arabia has launched its inaugural service to Baku, marking the airline’s first entrance into Azerbaijan. An official delegation including Sheikh Fahim Al Qasimi, Executive Chairman of the Department of Government Relations of Sharjah, and Dr. Mohammed Ahmed Hamel Al Qubaisi, UAE Ambassador to Azerbaijan as well as Dashgin Shikarov, Ambassador of Azerbaijan to the ...

  Bloomberg A potent blend of pride, economic nationalism and mounting concern over water security have the world’s two biggest cola brands in a bind in southern India. Shopkeepers in drought-hit Kerala state decided to promote local brands over Coca-Cola Co. and PepsiCo Inc. beverages after counterparts in neighboring Tamil Nadu boycotted the multinational drinks. While retail groups claim the ...

  Bloomberg First it was Japan’s steelmakers, now it’s the nation’s power producers that are set to pay for China’s coal policies. Japanese utilities may pay at least 29 percent more for annual supplies this year after China’s efforts in 2016 to trim overcapacity led to a more than doubling of spot prices, according to UBS Group AG and Morgan ...

  Bloomberg China introduced a new indicator for the services sector to better track the vast range of activity from movies to restaurants that now account for more than half of the economy. The services output index rose 8.2 percent in January and February from a year earlier on growth in technology, transportation, and deliveries, the National Bureau of the ...

  Reuters Saudi Arabia’s King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world’s largest oil exporter looks to cement ties with the world’s second-largest economy. King Salman, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, ...

  Bloomberg India is set to become a net exporter of steel for the first time in four years, reversing a trend that saw domestic mills battling a flood of cheap imports, according to the Indian Steel Association. Shares of producers surged in Mumbai. “This is a very positive development and it would indicate that the Indian steel industry is ...

  Bloomberg PT Aneka Tambang, one of Indonesia’s biggest nickel producers, is seeking government approval to export 6 million metric tons of low-grade ore, two months after the nation relaxed its ban on shipments. The Jakarta-based company filed an application with the Energy and Mineral Resources Ministry this week to export the ore over a year, Senior Vice President Trenggono ...

  Bloomberg President Donald Trump is laying out an explicit quid pro quo for automakers: He’ll cut them a break on environmental standards and wants more hiring in return. “You need to come back and give us big numbers in terms of jobs,” Trump told the chief executive officers of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles ...