News

  Dubai / WAM HeliConference Dubai 2017, the Middle East’s first dedicated conference that focusses on the helicopter industry, will be held in Dubai under the patronage of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Taking place on April 17-18, the Dubai HeliConference will be held at Al Maktoum Airport in ...

  Dubai / WAM The Dubai Financial Services Authority (DFSA) is enhancing its contribution to Dubai’s position as the leading regional leading hub for innovation through the publication of new a FinTech consultation paper. The paper is the third in a series, setting out the DFSA’s approach to the regulation of pioneering financial technology (FinTech) activities. The DFSA has been following ...

  Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, has announced its participation in ITB Berlin – the World’s Leading Travel Trade Show – as part of the Emirate’s stand at the event and in collaboration with the Department of Tourism and Commerce Marketing (DTCM). The show will ...

  Bloomberg China omitted a key defense spending figure from its budget for the first time in almost four decades — before an official disclosed the number — highlighting concerns about transparency in the world’s largest military. While authorities said defense expenditures would rise “about 7 percent” this year, the budget report published by the Ministry of Finance on Sunday ...

  Bloomberg China’s credit engine will keep humming this year, adding the rough equivalent of Germany’s annual economic output to its already massive stock of total social financing, according to estimates derived from the nation’s 2017 targets. Adding higher equity market financing and about 5 trillion yuan ($725 billion) worth of local government bond swaps to the official credit growth ...

  Reuters Business activity in Egypt shrank for the 17th consecutive month in February although the pace of decline slowed from a month before, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers’ Index (PMI) for the non-oil private sector came in at 46.7 points, well below the 50 mark that separates growth from contraction but higher from ...

  Reuters Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said. Global demand for gasoline, which accounts for more than a quarter of the world’s oil consumption, is set to peak as early as 2021 even in the face ...

  Bloomberg In an industrial kitchen in a leafy, residential suburb of central Shanghai, a quiet culinary evolution is taking place. Beside shelves stacked with butter mounds the size of bread loaves and 11 pound (5 kilogram) cheese wheels, chefs are experimenting with exotic ingredients that their New Zealand supplier, Fonterra Cooperative Group Ltd., wants to become ubiquitous in China: ...

  Bloomberg India’s richest man is looking at ways of insulating his family’s holdings in Reliance Industries Ltd. from the government’s efforts to tax some long-term capital gains, according to people with knowledge of the matter. Mukesh Ambani’s plan to revamp his stake in the nation’s second most-valuable company, by transferring shares between entities affiliated with his family, is aimed ...

  Bloomberg Singaporean managers and senior staff can prepare for 5 percent pay increases at most this year as the labor market stabilizes. About 93 percent of companies in Singapore say they will keep or raise headcount this year, according to a survey by recruitment consultancy Michael Page of almost 450 businesses in the city state. Only 36 percent said ...