News

  ABU DHABI / WAM The Federal National Council (FNC) will hold the ninth and 10th meetings of the Second Ordinary Session of the 16th Legislative Chapter on Tuesday and Wednesday, during which members will discuss the federal draft law on taxation procedures. Under the chair of Dr Amal Abdullah Al Qubaisi, Speaker of the FNC, members will put two questions ...

  Dubai / WAM The Telecommunications Regulatory Authorities (TRA) on Sunday hosted the 1st Forum on Data Management in Dubai. The forum is being hosted in collaboration with the International Telecommunications Union (ITU) under the slogan, “Transforming data into value, expanding the IoT potential with a special focus on smart cities”. The forum welcomed participation from a wide group of experts ...

  Sharjah / WAM The seventh Pink Caravan Ride will be hosting the ‘Pink Regatta’, a boat parade on the turquoise waters of the Arabian Gulf along the shores of The Palm, Dubai, a day-long event for actively involving citizens and residents of Dubai in generating awareness of breast cancer. Several boat owners and sailing enthusiasts have signed up in support ...

  Bloomberg China’s economy has shown signs of improvement in the first two months of the year with little risk of a hard landing, senior Chinese officials said. China’s macroeconomy stabilized in the beginning of 2017, Ning Jizhe, head of the National Bureau of Statistics, said at the sidelines of the annual legislature meeting in Beijing. Industrial output in January ...

  Bloomberg Billionaire Elon Musk just bet he can solve a looming energy crisis in Australia within 100 days by deploying Tesla Inc. technology to plug a supply gap that’s caused power blackouts. In a conversation on Twitter with Australian tech billionaire Mike Cannon-Brookes, Musk backed up an earlier commitment Tesla made, reported by the Australian Financial Review, to deploy ...

  Bloomberg Rising trade tensions are pushing Chinese car-wheel maker Wanfeng Auto Holding Group to seek further acquisitions in the US to help localize more production and cut its reliance on imports. The Xinchang-based auto parts supplier is in talks to buy a machinery company in the US, and is open to purchasing a business in the financial industry, Wanfeng ...

  BEIJING/ AP China’s industry minister defended a manufacturing development plan and rejected complaints foreign makers of electric cars and other goods might be pressured to hand over technology or forced out of promising markets. Miao Wei, minister of industry and information technology, tried to reassure foreign companies that the “Made in China 2025” industry plan treats all companies equally. ...

  Bloomberg Indian companies probably won’t invest in additional capacity for at least another year as the private sector struggles with sluggish domestic demand and growing protectionism overseas, according to the nation’s largest engineering firm. “The private sector has excess capacity and markets have shrunk as compared to their plan when these capacities were put up,” said R. Shankar Raman, ...

  Bloomberg Less than three years after it began sending one of its most precious resources overseas, Papua New Guinea’s future may be determined by how much of it stays at home. The Pacific island nation wants some of the world’s top explorers to allow a portion of its natural gas to stay in the country, said Nixon Duban, the ...

  Bloomberg After splurging $200 billion building the world’s biggest gas export plants, producers in Australia are now locked in legal battles with contractors over who should shoulder billions of dollars in liabilities sparked by delays and cost blow-outs. Chevron Corp., owner of the $54 billion Gorgon facility, Australia’s largest resource development, along with Inpex Corp. and Santos Ltd. are ...