News

  Bloomberg Nissan Motor Co. reported a 16 percent drop in second-quarter profit and predicted that industry demand in the U.S. and China, its two largest markets, will slow. Net income declined to 146.1 billion yen ($1.4 billion) in the three months through September, as a stronger yen eroded overseas earnings and U.S. discounts increased, the automaker said on Monday. ...

  AFP Indonesia’s economic growth slowed in the third quarter as government spending and exports fell, official data showed Monday, dimming hopes that Southeast Asia’s top economy will hit its GDP target this year. The economy expanded 5.02 percent year-on-year from July to September, slightly below forecasts and slower than a revised 5.19 percent in the second quarter, according to ...

  Bloomberg China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber Security Law was passed by the Standing Committee of the National People’s Congress, China’s top legislature, and will take effect in June, government officials said Monday. Among other things, ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday attended the inaugural Abu Dhabi CEO Roundtable, at which 20 of the world’s leading oil and gas companies gathered to discuss strategies for future growth and how to stay competitive in ...

  ABU DHABI / WAM The Abu Dhabi Energy Authority sought to strengthen ties with Singapore, especially in the Water and Energy Sector. Working closely with Singapore was discussed at the end of the Authority’s recent participation at Singapore International Energy Week, under the leadership of Sheikh Abdulla Bin Mohammed Bin Butti Al Hamed, member of the Abu Dhabi Executive ...

  DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, recorded a net profit of AED 1.42 billion during the first nine months (January to September) of 2016, an increase of 16 per cent over the same period last year at AED1.22 billion . The total revenue for the first nine ...

  DUBAI / WAM TRA’s UAE Computer Emergency Response Team (aeCERT) and EBDAA, an Emirati cyber security consultancy company, have signed an agreement to establish an information security awareness committee. The committee aims to set up various working groups bringing field pioneers together from different government and private entities to address online security risks.

  Sharjah / EMIRATES BUSINESS The Sharjah Chamber of Commerce and Industry discussed investment opportunities in the emirate with a German delegation of 20 businesswomen representing several economic sectors, including industry, health care and education, hospitality, fashion and advertising, media, trade and logistics. The meeting took place in the Chamber’s HQ on Sunday. The delegation was headed by Dr Kurnia ...

  AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, attended the Prince Agha Khan Award for Engineering and Architecture ceremony, which was held on Sunday evening, at the Jahili Fort in Al Ain. The ceremony was also attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on behalf of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, on Sunday opened the 2nd ordinary session of the 16th Legislative chapter of the Federal National Council at the council’s headquarters. In his opening remarks, ...