News

  Abu Dhabi / Emirates Business ADNOC Distribution on Monday announced that its new Al Rgayyb service station, located on the Ghayathi-Ruwais Road in the Western Region of Abu Dhabi, had started operations. The opening comes as part of the company’s ongoing expansion strategy that aims to meet the growing demand for its high-quality products and services in various parts ...

  Dubai / Emirates Business The 12th annual World Takaful Conference (WTC) will be convened by leading financial intelligence platform, Middle East Global Advisors, in strategic partnership with the Dubai International Financial Centre (DIFC). To be held under the theme of ‘Stability, Authenticity & Technological Transformation’, WTC 2017 will build on its long-standing reputation for nurturing the development of the ...

  DUBAI / Emirates Business The first standalone edition of MEDLAB Exhibition & Congress, the world’s largest laboratory event, was officially inaugurated on Monday by His Excellency Humaid Mohammed Obaid Al Qatami, Chairman of the Board and Director General of the Dubai Health Authority. Following 15 years of success alongside the region’s flagship healthcare event, Arab Health, the laboratory show ...

  DUBAI / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, announced the launch of its Cultural Tour Guide programme in partnership with Yas Consulting and Training Company. The announcement follows success with the first group of 11 employees trained in the initiative, who were drawn from across the Authority’s ...

  Bloomberg A merger under discussion between Vodafone Group Plc.’s India unit and Idea Cellular Ltd. would create a new leader in one of the world’s most competitive mobile-phone markets. For rivals, there’s a silver lining: bandwidth on the cheap. That’s because a transaction may compel the carriers to shed some spectrum and subscribers to ensure regulatory approval under India’s ...

  Bloomberg Indonesia’s economy expanded less than forecast in the fourth quarter as government spending was curbed by a legal cap on the fiscal deficit. Gross domestic product rose 4.94 percent in the fourth quarter from a year earlier, the statistics bureau said in Jakarta on Monday. Median estimate of economists was for 5 percent growth GDP declined 1.77 percent ...

  Bloomberg The wallets of Japan’s workers ended up a bit fatter, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average 3.78 million yen ($33,673), while the number of hours worked dropped. Regular workers saw an increase in pay, while part-timers, who are an increasingly large sector of the ...

  TOKYO / AP Toyota Motor Corp. said on Monday that its profit fell 23 percent in the October-December quarter from a year earlier as its sales fell and a stronger yen squeezed its overseas earnings. The company, which recently relinquished the crown of world’s biggest automaker to German rival Volkswagen, reported its fiscal third quarter profit was 486.5 billion ...

  Bloomberg Donald Trump and global crude producers are set to take prices on a bumpy ride this year, according to the world’s biggest independent oil trader. As investors are kept on tenterhooks over US policies and whether OPEC and other nations will curb output as pledged, global benchmark Brent crude may vacillate between $52 and $62 a barrel, according ...

  Reuters Turkey has transferred government stakes worth billions of dollars in Turkish Airlines, major banks and fixed-line operator Turk Telekom to a sovereign wealth fund set up last year to help finance big-ticket infrastructure projects. Ankara has ambitious plans for the fund, established last August with initial capital of 50 million lira ($13.6 million). It wants the fund to ...