News

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) hosted the United Nations/United Arab Emirates high level forum: “Space as a Driver for Socio-Economic Sustainable Development”, which was organized by the United Nations Office for Outer Space Affairs (UNOOSA) in conjunction with the UAE Space Agency. Under UNOOSA’s leadership, the forum delivered concrete recommendations in the form ...

Dubai / Emirates Business dubizzle Motors, the UAE’s leading motors marketplace, launches its all-new Sell It For Me service in partnership with Expat Wheels, providing users a streamlined and hassle-free car selling experience. Conceptualised with the busy UAE resident in mind, dubizzle now offers users an end-to-end car selling solution in partnership with Expat Wheels, a 20+ year old car-trade ...

  Abu Dhabi / Emirates Business The first race of the 2017 Red Bull Air Race calendar in February will be a celebration of milestones for the official World Championship: the tenth season of competition, the tenth consecutive opener in Abu Dhabi and the diamond 75th race for the coveted title. As a first-time world champion from Germany begins the ...

  Bloomberg Anglo American Plc’s De Beers will flood a massive diamond mine located beneath a subarctic lake in Canada’s Northwest Territories after failing to find a buyer. De Beers will begin inundating tunnels at its Snap Lake mine in early January, it said in a statement distributed recently. In April, it put the site on care and maintenance, saying ...

  Bloomberg Vale SA is betting on the world’s biggest iron-ore project as a way to become more competitive with its largest rivals. For Brazil, the $14 billion S11D mine is a rare bright spot amid the country’s longest recession on record. “This is a confident affirmation that yes, Brazil will return to growth,” Minister of Mines & Energy Fernando ...

  Bloomberg Citizens who are campaigning against Rupert Murdoch’s plan to gain full control of Europe’s dominant pay-TV company are seeking to hamper the 11.7 billion-pound ($14.6 billion) deal through the UK Parliament. Hacked Off, a media accountability advocacy group formed during the phone-hacking scandal that thwarted Murdoch’s first takeover attempt for Sky Plc in 2011, is preparing to propose ...

  Bloomberg Denmark’s government, which owns stakes in 27 companies including Dong Energy A/S and SAS AB, is prepared to sell off everything that doesn’t affect its ability to protect critical infrastructure. Though there are currently no concrete plans to move ahead with a specific divestment, the administration is “clearly open” to selling, Finance Minister Kristian Jensen said in an ...

  Bloomberg The UK’s renewable and low-carbon energy sector shrank by 8.7 percent last year, partly because of cuts to subsidies. The sector, from wind farms to electric vehicles, turned over $52.5bn in 2015, provisional figures by Office for National Statistics showed. That’s lower than the 46.2 billion pound recorded in 2014. Acquisitions of capital assets fell by 39 percent ...

  Bloomberg Exports from the world’s second-largest copper mine in Indonesia are under threat as a government ban on overseas concentrate shipments is scheduled to come into force from the middle of January. While ministers are rushing to revise the regulations so miners that have committed to build smelters can continue to export ore concentrates, an intermediate product used to ...

  Bloomberg Tokyo regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell out of the top 100 priciest after Brexit crushed the pound. The Japanese capital jumped up from 12th last year, while Yokohama and Osaka joined the top 10, ECA International said Wednesday in ...