News

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is preparing to welcome 200,000 Chinese visitors to the emirate of Sharjah by 2021, according to a statement. HE Khalid Jasim Al Midfa Chairman of SCTDA, explained that China is major international source market for tourism and commerce. Hotels welcomed over 75,000 Chinese visitors during the first three ...

  Dubai / Emirates Business Reflecting the UAE’s glorious past and the spirit of the Union, Numisbing, a Dubai based professional Numismatic company, will be hosting a rare and historical collection of the country’s coins, bank notes and medals on the occasion of its 45th National Day celebrations. The exhibition marks important milestones during the UAE’s almost half a century’s ...

  Dubai / Emirates Business Dubai Future Foundation has tied up with US multinational software corporation Autodesk to provide financing for entrepreneurs and start-ups in the 3D printing sector in the region. The two organisations signed a memorandum of understanding, whereby the Foundation will be in charge of identifying suitable investment channels for Autodesk’s $100-million Spark investment fund within the ...

  Abu Dhabi / Emirates Business The Landmark Group, the Middle East’s leading retail and hospitality conglomerate, pivoted its E-commerce strategy to offer a simpler, more useful and more customer-friendly online shopping experience. On November 24, the Landmark Group’s Web Team replaced the existing online portal LandmarkShops.com with seven individual, brand websites – HomeCentre.com, BabyshopStores. com, MaxFashion.com, SplashFashions.com, ShoeMartStores. com, ...

  MARRAKECH / WAM A delegation headed by Alya Al Mazroui, Manager of the UAE Research Program for Rain Enhancement Science (UAEREP), concluded a series of productive meetings with leading policy makers and researchers at COP22 in Marrakech, Morocco. Running from November 6 -18, the Conference of Parties (COP22) in Morocco marked the maiden participation to a COP event for ...

  AFP Jordan said on Monday it had chosen five international consortiums to build the first phase of a multi-million-dollar canal linking the Red Sea to the shrinking Dead Sea. The ambitious $1.1 billion project has been in the works for more than a decade and aims to provide much-needed water to Jordan, Israel and the Palestinian territories. It moved ...

  Riyadh / AFP Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on Sunday. The world’s largest oil exporter, whose petroleum revenues fell 51 percent last year on declining crude prices, is pushing to diversify its economy through greater private sector investment and development of new ...

  AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, ...

  Bloomberg India is set to clear the ride-hailing services of Uber Technologies Inc. and Ola by issuing guidelines to make them legal, according to a person with knowledge of the matter. The companies will need to get the software used to calculate fares validated while keeping their luxury car category outside tariff rules, the person said, asking to not ...

  Bloomberg Japan’s economy will grow 1 percent next year before slowing to a 0.8 percent expansion in 2018, the Organization for Economic Co-operation and Development said in a global economic outlook released on Monday. A rebound in international trade will help drive Japan’s export growth higher over the next two years, supporting business investment as fiscal stimulus fades, the ...