News

  Bloomberg Singapore’s air quality improved, falling to “moderate” levels as haze from Indonesian forest fires eased Saturday. The three-hourly air pollution index slid to 83 as of 5 p.m., according to the National Environment Agency. Readings up to 100 are classed as “moderate.” The index rose above 100 at noon after it had climbed to 215 on Friday afternoon, ...

  Bloomberg Indian equities declined, led by lenders and software as investors refrained from taking fresh bets before Federal Reserve Chair Janet Yellen’s speech later on Friday. Yes Bank Ltd. fell the most in a month, while State Bank of India (SBI) and ICICI Bank Ltd. lost about 1 percent each. Wipro Ltd. and HCL Technologies Ltd. declined at least ...

  Bloomberg Billionaire Wang Jianlin’s Dalian Wanda Group Co. agreed to build a 63 billion yuan ($9.5 billion) culture-and-tourism project in northeastern China, in its latest effort to become an entertainment giant rivaling Walt Disney Co. Wanda signed a framework agreement on Friday with the government in Jinan City, Shandong Province, in northern China, the group said in a statement. ...

  Bloomberg Agricultural Bank of China Ltd. said it will sell as much as 80 billion yuan ($12 billion) of Tier-2 securities over three years, joining the latest wave of fundraising by Chinese lenders. The bank needs to strengthen its capital buffers, President Zhao Huan told reporters in Beijing on Friday, adding that the lender aims to maintain a stable ...

  Dubai / Emirates Business MEED has announced the inauguration of Innovation Live!, the first initiative of its kind designed to converge government and business innovation ideologies and subsequently find solutions in the sustainable energy, smart cities, education, healthcare, transport and industrial diversification sectors. The Innovation Live! Summit, the focal event of the initiative, will be an anchor event in ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the Portuguese-inspired community, Casa Dora at Serena in DUBAILAND, will be released soon for sale at the DP sales and customer services centre in Ras Al Khor. Following the success of the first release of townhouses in the ...

  Dubai / Emirates Business Multi-award winning global retail chain Joyalukkas gives patrons more reasons to rejoice with Happy Diamonds. Launched in 2015, Happy Diamonds successfully brought joy to customers with high-quality diamond jewellery at mid-range prices. “Premium jewellery is meant to be enjoyed and does not have to come at premium prices,” says Mr. John Paul Alukkas, Executive Director, ...

  Bassam Samman / Special to Emirates Business Fraud is always a possibility in any type or size of business, more so during times of global economic uncertainty. Projects are particularly susceptible to fraud given the complexity, scope and huge cost of construction and engineering activities. A report on fraud in the construction industry issued by global advisory firm Grant ...

  Emirates Business Crystal Lagoons, the multinational innovation company and developer of the world’s top amenity patented technology that makes giant crystal-clear lagoons a reality, has announced two new project wins in Egypt, bringing its total portfolio of active and under development projects in the Middle East and India to 15. Showcasing a range of projects at this year’s Cityscape ...

  DUBAI / EMIRATES BUSINESS In strategic partnership with the Central Bank of Bahrain, World Islamic Banking Conference (WIBC) 2016 is set to gather over 1,300 leaders onto a single platform to chart new areas of growth, address economic uncertainties, and unlock opportunities available for the global Islamic finance industry. The event will be held at the Gulf Hotel in ...