News

  Emirates Business For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on April 10-11 at Bay La Sun Hotel & Marina, King Abdullah Economic City. The annual event, now in its third edition, ...

  DOHA / Reuters Qatar has lifted a self-imposed moratorium on development of the world’s biggest natural gas field after more than a decade, the chief executive of state energy company Qatar Petroleum said on Monday. The giant Gulf gas field, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar’s gas production ...

  Bloomberg As they search for a permanent exchange-rate framework, Iceland’s policy makers are finding they may disagree on some pretty fundamental issues. Power politics in the 340,000-people nation are being laid bare, as the nation’s prime minister, who heads the establishment Independence Party, and its finance minister, a former publishing executive who leads the newly created Reform Party, are ...

  Bloomberg Bombardier Inc. will defer paying more than half of last year’s planned compensation for its six most highly paid executives until 2020 as the planemaker, whose recovery was kick-started by taxpayer funds, bows to widespread indignation in its home province of Quebec. The deferred amounts will only be payable if Bombardier achieves its performance objectives, Chief Executive Officer ...

  Bloomberg UK manufacturing unexpectedly cooled for a third month in March and may weaken further, according to IHS Markit, which repeated its warning about inflationary pressures. Its factory Purchasing Managers Index declined to 54.2 from 54.5 in February, above the key 50 level that divides expansion from contraction, but below economists’ expectations for an uptick to 55. A measure ...

Bloomberg Optimism among UK chief financial officers climbed to an 18-month high in the weeks before Prime Minister Theresa May formalized Britain’s intention to leave the European Union. Almost one-third of CFOs said they are more optimistic about prospects for their company than they were three months ago, according to Deloitte’s first-quarter survey. That’s up from 3 percent immediately following ...

  Bloomberg India’s foot dragging on a China-championed Asia trade pact has increased the risk the deal gets diluted or delayed. A fear of being flooded by Chinese imports and an insistence on global mobility for its IT services workers is behind India reluctance to move forward. While Asia’s third-largest economy may eventually sign on to the Regional Comprehensive Economic ...

  Bloomberg After netting more than $10 billion in revenue from its tax amnesty program, Indonesia may be a step closer to winning a much-coveted investment grade from S&P Global Ratings. The nine-month amnesty drive, which ended on Friday, led citizens to declare 4,866 trillion rupiah ($365 billion) of assets hidden from tax authorities. The success may help Southeast Asia’s ...

  ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum on Sunday visited an exhibition held as part of the 7th Annual Investment Meeting, AIM 2017, a world-leading, emerging markets’ foreign direct investors platform under the theme, “International Investment and Competitiveness”. As many as 250 companies ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced on Sunday that it has succeeded in achieving a compliance rate of 100 percent regarding the disclosure of the annual financial statements of its listed public joint stock companies within the deadline of 90 days from the end of the fiscal period. All public, and private, listed companies listed ...