News

  DUBAI / Emirates Business The Mohammed Bin Rashid School of Government (MBRSG) , a research and educational institution specializing in public policy in the Arab world, on Wednesday announced the launch of a series of new master’s degree programs under the theme ‘The Future Government’. As a knowledge partner of the Government of Dubai, MBRSG developed the new set ...

  Sharjah / Emirates Business Region’s most popular cultural acts is almost over! Sharjah World Music Festival 2017 (SWMF 2017) is gearing up for a grand opening at Al Majaz Amphitheatre at 8:00pm on Friday, with Arab superstars Hussain Al Jassmi and Egyptian pop queen Sherine Abdel Wahhab. This is without a doubt a once-in-a-lifetime opportunity for enthusiasts of Arabic ...

  DUBAI / WAM The Mohammed bin Rashid Al Maktoum Foundation (MBRF) signed a Memorandum of Understanding with the Emirates Scientists Council to strengthen the bonds of cooperation and build strategic partnerships to serve the community. The signing ceremony was attended by Jamal bin Huwaireb, Managing Director of the Mohammed bin Rashid Al Maktoum Foundation, and Sara Amiri, President of ...

  Bloomberg Jerusalem-based maker of chips and software for driverless cars Mobileye NV jumped most in 6 months after announcing strategic partnership with HERE, mapping consortium forged by German automakers. Shares of Mobileye rose 9.8 percent to $38.44 in New York, the most since June 30. The stock is still down 9.1 percent this year. Automakers and technology companies are ...

  Bloomberg India’s dominant services sector is set to contract for a second straight month, adding to evidence that Prime Minister Narendra Modi’s surprise ban on cash will trigger a sharp slowdown in Asia’s No. 3 economy. The Nikkei India Services Purchasing Managers’ Index was at 46.8 in December, a report showed on Wednesday, little changed from 46.7 a month ...

  Bloomberg Heavy smog has blanketed a third of China’s cities, including its capital Beijing, with 62 issuing health alerts since Jan. 1, officials said. The hazardous air has forced hundreds of flight cancellations or delays and is forecast to linger into the weekend in some areas. The concentration of PM2.5 particles — which pose the greatest health risks because ...

  BEIJING / AP Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country’s economic turmoil and paid $1.2 billion to add them to an energy empire that stretches from Malaysia to Germany to the Amazon. State-owned China Three Gorges Group is spending heavily to buy ...

  Bloomberg Swim or sink: That’s the message shipping executives in Asia are taking into the new year. Faced with a prolonged trade slowdown and depressed freight rates, the region’s container lines are set for further consolidation after a year that’s seen the collapse of South Korea’s Hanjin Shipping Co., a mega merger among Japanese rivals and the sale of ...

  Bloomberg Shares of Toshiba Corp. recovered from an early dive after the Asahi newspaper reported regulatory concerns about the company’s earnings. Toshiba rose 2.3 percent to 289.6 yen as of 11:13 a.m. in Tokyo after slumping as much as 6.9 percent in early trade. Japan’s Securities and Exchange Surveillance Commission suspects the company padded earnings by about 40 billion ...

  Bloomberg Euro-area inflation accelerated in December at the fastest pace since 2013, suggesting that a debate about the appropriate degree of European Central Bank stimulus is about to gather momentum. Consumer prices rose 1.1 percent from a year earlier, following a 0.6 percent gain in November, the European Union’s statistics office in Luxembourg said on Wednesday. That’s above a ...