News

  Dubai / Emirates Business Gulf Craft is preparing to make a lasting impression at the upcoming Dubai International Boat Show, as the shipyard plans to commemorate 35 years of yacht and boat building excellence with the largest showcase it has ever presented at the region’s premier marine luxury, leisure, and lifestyle event. The industry trailblazer will be featuring an ...

  ABU DHABI / Emirates Business Residents of the UAE can now enroll for biometrics and submit their applications for visas to Denmark at the Visa Application Centres launched by the Royal Danish Embassy in Abu Dhabi and the Royal Danish Consulate General in Dubai. The UAE is the fourth country in the Middle East and 33rdcountry globally, where dedicated ...

  Dubai / Emirates Business Emirates Modern Poultry Co., also known as Al Rawdah, posted 8-10% growth through 2016 despite economic headwinds. The firm continued expanding its mandate of delivering food security for the UAE through local production, exceptional rearing standards, and state of the art machinery. The year saw Al Rawdah kicked off an AED 20million expansion of its ...

  Sharjah / Emirates Business Hundreds of UAE Nationals have been flocking to the Sharjah Department of Statistics and Community Development’s (DSCD)’s stand at the National Career Exhibition 2017 to register their interest for employment with the government body. Taking place at Expo Centre Sharjah and concluding on Friday, the exhibition has seen the participation of more than 70 government ...

  Bloomberg Automakers enjoying lucrative sales of trucks and sport utility vehicles are hoping President Donald Trump makes good on his vows to deregulate. Environmental groups are saying fuel efficiency standards won’t be watered down without a legal challenge. “We’ll see him in court,” Dan Becker, director of the Safe Climate Campaign, said of the group’s planned response if the ...

  Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a ...

  Bloomberg Agnico Eagle Mines Ltd. plans to invest more than $1.2 billion in Canada’s subarctic in the next three years as it builds one new mine and expands another. North America’s fourth-largest gold miner by market value is moving ahead with plans to develop its Meliadine project and a deposit near its Meadowbank mine in Nunavut, the company said ...

  Bloomberg Builders started work on more US homes than forecast in January after an upward revision to starts in the prior month, a sign construction was on a steady path entering 2017. Residential starts totaled an annualized 1.25 million, easing from a 1.28 million pace in the prior month, a Commerce Department report showed. The median forecast of economists ...

  Bloomberg Ignore those million-plus empty new homes scattered across Spain, a developer owned by Lone Star Funds says there’s never been a better time to build more. Neinor Homes, bought in 2014 by the Dallas-based investor, aims to become one of Spain’s biggest homebuilders by increasing construction in big cities where the housing stock is running low, according to ...

  Bloomberg OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said. The group, together with Russia and other non-OPEC oil producers, agreed late last year to cut output by 1.8 million barrels per day (bpd) to reduce a price-sapping ...