News

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) announced that the launch of the nanosatellite Nayif-1 will occur between February 14 and 25, from Satish Dhawan Space Centre in Sriharikota, India, on board a PSLV-C37 rocket. Nayif-1 is expected to be launched on the morning of February 15, if ...

  Dubai / Emirates Business With genetics and genes responsible for a person’s day-to-day state of health and predisposition to develop disease, the ability to take genomics from the laboratory bench in hi-tech labs literally to the patient’s bedside will play a very important role in the future of the health of patients across the UAE. Delegates at the MEDLAB ...

  Dubai / Emirates Business As part of its efforts to support the growth and development of Dubai’s business community, the Dubai Chamber of Commerce and Industry recently organised a workshop to raise awareness on the legal and technical aspects related to drafting successful business contracts. The seminar was attended by members of Dubai Chamber, lawyers and legal advisors, investors, ...

  Bloomberg The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warning signs back up the spike in demand: mortgage arrears are creeping up, lenders’ bad debt provisions have increased ...

  Bloomberg Tata Steel Ltd. swung to a profit in the third quarter, the first gain in five periods, boosted by a recovery in product prices and higher production. Group net profit was 2.3 billion rupees ($34 million) in the three months to December 31, from a loss of 27.5 billion rupees a year earlier, according to a statement from ...

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang ...

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

  Bloomberg Remittances from Egyptians working abroad are surging and foreigners bought more than $250 million in local assets during the beginning of the week, further signs of growing confidence in the nation’s economy after it floated the currency and secured a $12 billion IMF loan. Expatriate workers sent home $4.6 billion in the fourth quarter of 2016, up 12 ...

  Reuters Pressure on Qatar’s state finances is easing because of higher oil prices and the government may not need to issue an international bond this year, but it is still seeking ways to save money, finance minister Ali Sherif al-Emadi said. “We may not issue a bond this year given where oil prices are – right now we are ...

  Bloomberg Rio Tinto Group is delivering on a promise to reward investors as it emerges from an industry-wide downturn by paying out a bigger-than-expected dividend and announcing a surprise $500 million share buyback. Last year’s 81 percent surge in iron ore prices helped the world’s second-biggest mining company report its first gain in annual profit since 2013, exceeding analysts’ ...