News

  Bloomberg It’s only a matter of time before Australia loses its AAA credit rating as the nation’s budget falls further into deficit, according to John Hewson, a former Liberal Party leader and central bank economist. “The fact that we are going to lose the triple-A credit rating is a foregone conclusion, it’s just a question of timing,” Hewson, who ...

  Bloomberg Just how much foreign money is contributing to rising property prices is a staple of dinner party conversations around the globe. Australians now have a near-official answer, and it’s less than most would think. The Australian Treasury estimates that foreign demand for real estate increased prices in Sydney and Melbourne by no more than A$122 ($90) a quarter ...

  Bloomberg Dubai-based DP World Ltd. is teaming up with Caisse de Depot et Placement du Quebec, Canada’s second-largest pension fund manager, to create a C$5 billion ($3.8 billion) venture that will invest in ports around the world, including regions such as Asia and Latin America. DP World, which operates ports from China to South America, will own 55 percent ...

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, and Kentaro Sonoura, Japanese State Minister for Foreign Affairs, met on Saturday in Abu Dhabi to discuss ways of bolstering strategic relations between the UAE and Japan in all spheres, and exchange views about the latest regional and international developments. ...

  Abu Dhabi / Emirates Business The UAE witnessed significant economic progress in 2016, with many of its vital sectors accelerating at a substantial rate. The country also made major strides in achieving important socio-economic developments in line with the directives of HH Sheikh Khalifa bin Zayed Al Nahyan, UAE President; HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice ...

  Male / Emirates Business Etihad Airways has once again collected the ‘World’s Leading Airline’ award at the 23rd annual World Travel Awards (WTA) Grand Final Gala Ceremony 2016. This marks the eighth consecutive year that the airline has received the prestigious accolade. The beachside event was held before an audience of the industry’s leading luminaries and international media at ...

  Sharjah / Emirates Business The trade mission organized by the Sharjah Exports Development Centre (SEDC) affiliated to the Sharjah Chamber of Commerce and Industry (SCCI) concluded “a three-day Sharjah-Kenya Business Forum” held in Nairobi, within the framework of an African tour that included the Republic of Uganda as the first leg last week. This forum provides a perfect platform ...

  Abu Dhabi / Emirates Business Omeir Travel Agency, one of the largest and most renowned travel management companies and the flagship company of the reputed Omeir Bin Youssef Group in the emirate, has been declared as the PSSA (Preferred Sales and Services Agent) for Egypt Air in Abu Dhabi and Al Ain. The partnership agreement was signed by Abdulla ...

  Dubai / Emirates Business In a bid to strengthen its footprint in the region, Munich-based Serviceplan Group, Europe’s largest and most-successful independent agency group, formally launches Haus der Kommunikation Middle East via its spanking new offices at the prestigious Dubai Design District (d3). The 5,000 sqft premises showcases smartly designed floor plans that promote productivity and creativity in a ...

  Dubai / Emirates Business As the UAE buzzes with festive atmosphere following its 45th National Day celebration, prominent Dubai–based jewellers are preparing to showcase extraordinary collections paying tribute to Arabic culture and the country’s core values at Dubai International Jewellery Week this week December, 7-10. Renowned for their unique calligraphic jewellery, QUAIS by Mehwish Allawala, will present their hand-made ...