News

  ABU DHABI / WAM Strata Manufacturing, a wholly owned company of Mubadala Development, celebrated the new batch of 105 nationals graduates of its Aerostructures Training Programme. Emiratis now account for over half of the total workforce in the company, supporting the national ambition of building a global aerospace hub in Abu Dhabi’s eastern city of Al Ain. The milestone ...

  Sharjah / Emirates Business The Sharjah World Music Festival 2017 (SWMF 2017) got off to an electrifying start with Emirati superstar Hussain Al Jassmi and Egyptian pop queen Sherine Abdel Wahhab rocking the audiences with a selection of their greatest hits until the wee hours of Saturday morning at Al Majaz Amphitheatre. The event was attended by Sheikh Sultan ...

  Reuters A special Saudi Arabia committee has found a number of individuals guilty of providing insider information and insider trading in shares of telecoms operator Mobily, leaving them facing potential jail terms of between one and two years, the kingdom’s Capital Market Authority (CMA) said. The findings of Saudi Arabia’s Committee for the Resolution of Securities Disputes (CRSD) are ...

  Bloomberg Samsung Electronics Co. underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones. The world’s largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after ...

  Bloomberg Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to 15 percent for all residential purchases, excluding first-time buyers who are permanent residents. The curbs initially ...

  Bloomberg Australia recorded its first trade surplus in almost three years as Chinese demand stoked prices for its two biggest exports, iron ore and coal. First trade surplus since March 2014. Exports climbed 8% from month earlier; imports were little changed. Most iron ore exports since August 2014 in local currency terms; most coal exports since January 2012 October ...

  Bloomberg Tata Sons Ltd., the holding company of India’s largest conglomerate, has called for an extraordinary general meeting on February 6 to oust former Chairman Cyrus Mistry from the board of the closely held firm, according to a company spokesman. Mistry, whose family owns 18.5 percent of Tata Sons, resigned as director from all Tata Group companies and filed ...

  Bloomberg China’s official factory gauge stabilized near a post-2012 high in December, capping a year of steady improvement and signaling policy makers have leeway to curb financial risks while keeping growth humming. The services gauge remained elevated. Input prices jumped. Manufacturing purchasing managers index stood at 51.4 last month, compared with a median estimate of 51.5 in a Bloomberg ...

  Bloomberg Goodix, a supplier of mobile chips to Amazon.com Inc. and major Chinese smartphone makers, plans to begin shopping abroad for semiconductor and software developers to gain an edge in an increasingly competitive market. The company wants to become the world’s biggest supplier of fingerprint sensors, Chief Executive Officer David Zhang said in an interview at the Consumer Electronics ...

  Bloomberg After six straight years of annual job gains topping 2 million, America’s labour market is as tight as ever, and it’s entering the next phase: an enduring pickup in wages. Average hourly earnings jumped by 2.9 percent in the 12 months through December, the most since the last recession ended in June 2009, according to the Labor Department’s ...