News

  Washington / AFP The World Bank is indirectly financing a boom in some of Asia’s dirtiest coal-fired power generation despite commitments to end most funding for the sector, a development advocacy group charged on Monday. The power plants, which contribute to climate change and deforestation as well as premature deaths due to illness, are cropping up from Bangladesh to ...

  New Delhi / AFP India’s Reliance Group and France’s Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said on Monday. India signed a contract to buy 36 Rafale fighter jets for 7.9 billion euros ($8.8 billion), France’s biggest ever such sale, as the nation ...

  BLOOMBERG Coal India Ltd.’s output fell year-on-year for a second consecutive month in September, signaling demand from power plants, its biggest consumers, remains weak. Production at the world’s biggest miner of the fuel declined 5.2 percent from a year earlier to 35.24 million metric tons in September, while shipments fell 6.6 percent to 37.74 million tons, according to data ...

  HANOI / AP Vietnamese authorities say they’ve seized 309 kilograms (682 pounds) of elephant tusks illegally imported from Nigeria. A customs official says the tusks were seized at Hanoi’s airport on Saturday. She said on Monday that the cargo had been declared as glass. She spoke on condition of anonymity because she was not authorized to speak to the ...

  MANILA / AP The Philippine economy may grow faster than expected if public infrastructure spending is increased as planned, the World Bank (WB) said on Monday. If that happened, the country’s economic growth may exceed the earlier forecasts of 6.4 percent this year and 6.2 percent in the next two years, the bank said. It also noted some businesses ...

  HONG KONG / AP The Chinese units of a former meat supplier for McDonald’s and KFC China have been fined more than $3.6 million for selling expired meat in a fast food safety scandal that erupted two years ago. It’s the latest fallout for OSI Group after a Shanghai TV station reported in 2014 that the company repackaged old ...

    Abu Dhabi / Emirates Business Emirates National Oil Company (ENOC) is set to showcase its smart and sustainable solutions; reflecting the Group’s strategy to drive innovation across all its business segments at the Water, Energy, Technology, and Environment Exhibition (WETEX 2016) to be held in Dubai on October 4-6. ENOC’s smart solutions underline the Group’s commitment to environmental ...

  DUBAI / Emirates Business Marking its third anniversary, the Middle East’s first and largest car buying service is celebrating with three new locations within the United Arab Emirates. Since the UAE has one of the highest automobile turnover rates in the region, it is the ideal location to add to the existing current four locations in Abu Dhabi and ...

  DUBAI / Emirates Business Gargash Enterprises, the authorized general distributor of Mercedes-Benz in Dubai, Sharjah & Northern Emirates, reaffirms its social commitment yet again by introducing ‘Score for Charity’, a first-of-its-kind initiative in the region. In a unique collaboration with Al Ahli Football Club, Gargash Enterprises has announced a contribution of AED 1,000 for each goal scored by Al ...

  DUBAI / Emirates Business Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions has announced the availability of the Ansible Tower App for Splunk, an application that integrates Ansible Tower by Red Hat with Splunk® Enterprise and Splunk Cloud. The application brings the power and variety of Splunk analytics queries to Ansible Tower automation, and ...