News

  Dubai / WAM The UAE has become a hub for equestrian endurance sports, and a factory producing champions who display the high stature of the UAE at global competitions, said Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. This year, the Sheikh Mohammed bin Rashid Al Maktoum Festival attracted riders from across ...

  Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has announced a new phase in the construction of Units 3 and 4 at the Barakah Nuclear Energy Plant, with completion of these units now more than 50 percent complete. The recent progress significantly advances ENEC’s goal of delivering safe, clean, efficient and reliable nuclear energy to the ...

  Sharjah / WAM In presence and patronage of HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 15th edition of the Sharjah Arabic Poetry Festival will begin today. The festival will run until January 13 and will host a number of Emirati and Arab poets. The event will honour Moheieldeen Al Fateh from ...

  Abu Dhabi / WAM Thousands of male Emirati workers and university graduates on Saturday enlisted for national service, reporting for duty at four training camps across the UAE, as part of a seventh batch of recruits. Members of this intake will undergo military and physical training programmes, designed in line with the highest global standards reflecting the Armed Forces GHQ’s ...

  Sharjah / Emirates Business With just ten days remaining in the run-up to the inauguration of the region’s much-anticipated international artistic platform for children – the fifth edition of the Sharjah Children Biennial (SCB) – a press conference to announce the details of the event will be held at Al Qasba’s Maraya Art Centre tomorrow. Held under the patronage ...

  Bloomberg India forecasts its growth will slow to a three-year low even before the effects of Prime Minister Narendra Modi’s cash clampdown start to show. Gross domestic product will grow 7.1 percent in the year through March, the Statistics Ministry said in a statement. However, the numbers don’t consider data from November onward, when Modi shocked the nation by ...

  Bloomberg Southeast Asia’s worst-performing currency of 2016 is in for another tough year with President Rodrigo Duterte’s spending plans seen boosting imports just as rising US interest rates spur capital outflows. The peso is forecast to be collateral damage as an economy growing faster than 7 percent and the government’s infrastructure program drive demand for inward shipments. This year ...

  Bloomberg Cofco Corp.’s Matt Jansen quit as the head of its international commodity trading unit, the latest setback to the ambitions of China’s biggest food company to create an agriculture merchant to rival the world’s largest. The firm named Cofco Vice President Jingtao Chi as his replacement. Jansen, who became chief executive officer of Cofco Agri Ltd. less than ...

  Bloomberg Chinese authorities plan to propose that this year’s fiscal deficit stay at 3 percent of gross domestic product, unchanged from 2016, according to people familiar with the matter, signaling further tolerance for slower economic growth. The budget deficit, usually announced in March, requires approval by the National People’s Congress and is subject to change, said the people, who ...

  Sharjah / Emirates Business Knowledge without Borders (KwB), a Sharjah-based cultural initiative, recently announced that more than 95% of Emirati families in Sharjah have already received free home libraries as a result of their ‘Home Library’ project, which aims to provide 42,366 fully equipped personal libraries to Emirati families living in all areas of Sharjah. Rashid Al Kous, General ...