News

  Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MoCCAE) signed a Memorandum of Understanding with the Food Security Centre – Abu Dhabi on the promotion of food security in the United Arab Emirates. His Excellency Dr Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and HE Mohammed Ahmed Al Bawardi, Chairman of Food ...

  Sharjah / Emirates Business The fourth edition of the Sharjah World Music Festival (SWMF) concluded successfully after engaging and entertaining hundreds of thousands of music fans and cultural enthusiasts over 20 live music concerts. This prestigious nine-day event brought together 24 artists and musical bands from 14 countries, featuring popular Arabic voices as well as international artists representing myriad ...

  Abu Dhabi / Emirates Business Malabar Gold & Diamonds, one of the world’s largest gold and diamond jewellery retailer, announces a major investment amounting AED335 million (US$91.28 million) in expansion plans of its retail network. The plan will see an addition of 24 stores in three months, from January to March period, taking the number of total outlets to ...

  Bloomberg Jordan’s tourism sector has proved resilient with revenues stable at $4 billion in 2016 year against the previous year despite several militant attacks, the tourism minister said on Monday. Jordan hosted last year 3.8 million foreign visitors who spent in the country at least one night, a rise of 2.6 percent from the previous year, Lina Annab told ...

  Bloomberg A self-imposed cash shortage in India is creating chaos for jewellery retailers in one of the world’s biggest gold-buying countries. Sales are plunging. Just ask Renita Ferreira. While her February 24 marriage ceremony has been set for a year, she and her fiance haven’t bought wedding rings, even after many trips to stores in Panaji, the capital of ...

  Bloomberg India’s Tata Group, seeking to cement control over a sprawling $100 billion business empire, is exploring ways to boost its stakes in key listed companies including the maker of Jaguar luxury cars, people with knowledge of the matter said. Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest ...

  Bloomberg Singapore’s exports surged above economists’ forecasts for a second consecutive month, signaling a recovery in the trade-dependent economy. Non-oil domestic exports rose 9.4 percent in December from a year ago, International Enterprise Singapore said in a report. The median estimate of 15 economists surveyed by Bloomberg was for a 5.8 percent increase. Electronics exports increased 5.7 percent in ...

  Bloomberg Hyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the US in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico. The planned US investment by South Korea’s two largest automakers is about 50 percent ...

  Bloomberg Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalization by Donald Trump and other Western populists. “Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of ...

  Bloomberg China’s top underwriter of green bonds said the government may accelerate approvals in 2017 as the nation battles a toxic wave of smog. Guotai Junan Securities Co. said the government should boost incentives for notes with proceeds earmarked for environmental projects, after a People’s Bank of China researcher said it may recommend tax breaks for investors. Chinese firms ...