News

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) Women’s Committee reviewed the approved updates to the committee’s vision, goals, values, and work during its first meeting. The meeting took place at DEWA’s main office, and was chaired by Khawla Al Mehairi, Vice President of Marketing & Corporate Communications at DEWA, and Chairperson of DEWA Women’s Committee. At ...

  DUBAI / Emirates Business Qatar falconers tasted a double triumph in the Fazza Championship for Falconry Tilwah organized by the Hamdan Bin Mohammed Heritage Center (HHC) in Dubai recently. In what turned out to be a family affair, Mohammed Rashid Hamad Al Nuaimi emulated his cousin Nasser by winning the Shaheen Wahish Farkh (GCC) category in style recording the ...

  Ras Al Khaimah / Emirates Business The emirate of Ras Al Khaimah welcomed approximately 60,000 residents and visitors to its Awafi area over the past three weeks during its annual cultural festival, which concluded on Saturday 7 January. The 14th Awafi Festival, which celebrates the UAE’s most northern emirate’s ethnic and cultural heritage, attracted its largest visitation to date, ...

  Bloomberg India’s economy is set for a choppy recovery from the world’s most sweeping currency policy change in decades. Inflation continued to slow in December as the cash ban squelched demand while a volatile factory output gauge rose in November, according to Bloomberg surveys before data due at 5:30 pm in New Delhi on Thursday. Companies are bracing for ...

  Bloomberg Project manager Yuan Fang says she’s cutting spending and working overtime after a 20 percent surge in the cost of both her Beijing room rent and her favorite Japanese lunch boxes. Civil servant Neo Zhu, who bought an apartment in the eastern city of Hangzhou 10 years ago, feels costs of everything from gas to food are stable. ...

  Bloomberg Bellamy’s Australia Ltd., the infant formula maker whose market value ballooned in 2015 amid surging Chinese sales, ousted its two top executives after forecasting plunging profits. The stock fell the most on record in Sydney. Bellamy’s has racked up stockpiles of unsold infant formula and excess ingredients after making overambitious revenue estimates, the Launceston, Tasmania-based company said in ...

  AP China’s auto market had a bumper year in 2016 as sales grew by 15 percent, with drivers rushing to buy cars before a tax break expired at the end of the year. The data released on Thursday showed that automakers sold 24.4 million cars, minivans and sport-utility vehicles in China. Booming sales, driven by strong demand for SUVs, ...

    Bloomberg The future of internet in Israel may depend on allowing a reorganization of Bezeq Israeli Telecommunication Corp., despite concerns the move could undermine years of efforts to make the local market more competitive. “If we don’t move ahead with a national fiber-optic infrastructure, Israel’s internet will get stuck in another two or three years,” Regional Cooperation Minister ...

  Bloomberg The world’s biggest mining companies producing iron ore from Australia aren’t paying their fair share in taxes, according to a lawmaker who wants a 20-fold raise in a state levy that’s been unchanged since the 1960s and the era of imperial pounds, shillings and pence. The proposal has “overwhelming” support and Rio Tinto Group and BHP Billiton Ltd.’s ...

  Bloomberg Xiaomi Corp., one of China’s most valuable technology startups, is shooting for more than 100 billion yuan ($14.5 billion) of revenue in 2017, even as it pledged to slow its pace of business expansion and overhaul an online-focused retail strategy. Chief Executive Lei Jun laid out his goals for the year, which include quadrupling its store network to ...