News

  Kuwait City / AFP Kuwait’s Emir Sheikh Sabah al-Ahmad Al-Sabah opened the new parliament on Sunday by declaring that a reduction in public spending is “inevitable” in the face of weak oil prices. The emir said the sharp drop in oil revenues has resulted in a huge budget deficit and “there is no other option but to take effective ...

  Dubai / Emirates Business Dubai World Trade Centre (DWTC), the leading destination for business and trade events in the region, will have hosted a total of 63 consumer and entertainment events until the end of 2016, welcoming over one million visitors. This diverse calendar of entertainment events, ranging from theatrical performances and music festivals to consumer shows and sporting ...

  Dubai / emirates business Regional leader in human resources and waste management – Dulsco, is offering to collect energy-efficient lightbulbs across UAE which has potential environmental risks associated if improperly disposed. Dulsco has partnered with Dubai based ‘LAMPS4U’ – a sustainable solutions and technologies company in order to process the recycling of CFL bulbs in an eco-friendly manner. The ...

  Dubai / Emirates Business As part of a series of concerted efforts to promote the Arabic language and instil a love of reading in all segments of society, Kalimat Group, a regional frontrunner in the field of Arabic literature publishing and distribution, has participated in the 60th edition of the Beirut International Arab Book Fair (BIABF), which runs until ...

  Dubai / Emirates Business Literary fans in the southern reaches of North America have been able to find out more about Arabic culture following Sharjah Book Authority (SBA)’s participation at Mexico Book Fair. The 30th edition of the annual event saw SBA’s stand receive a great deal of interest from Latin American publishers and visitors keen to learn more ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (DTCM) revealed the #BeMyGuest film starring Bollywood superstar, Shah Rukh Khan. After 6 days from the release of the popular campaign teasers which kept Bollywood fans from all over the world in anticipation, the film today firmly establishes why Dubai is the Bollywood superstar’s home away from home. ...

  Dubai / Emirates Business Jumeirah Golf Estates (JGE) announced the launch of an in-house leasing brokerage and resale services, enabling buyers and leasers to deal directly with the developer as it enhances its personalized service offering. Expanding its remit from developer and community manager to encompass this new function, Jumeirah Golf Estates will now offer leasing brokerage and resale ...

  Bloomberg Cleaning up the March 2011 Fukushima nuclear disaster, the world’s worst atomic accident since Chernobyl, will cost almost twice as much as originally expected as decommissioning expenses increase, according to Japan government estimates. Total costs will rise to 21.5 trillion yen ($188 billion), up from a previous estimate of 11 trillion yen, Japan’s Ministry of Economy, Trade and ...

  Bloomberg Vietnam forecasts disbursed foreign direct investment to rise to a record this year with companies such as South Korea’s Samsung Electronics Co. and LG Electronics Inc. shifting factories to the Southeast Asian nation. Disbursed foreign investment may reach $15 billion in 2016, Prime Minister Nguyen Xuan Phuc told donors, including the World Bank and the International Monetary Fund, ...

  Bloomberg China’s factory-gate inflation rose to the highest since late 2011, helping to sustain prices around the world. Consumer prices picked up on rising food costs. The producer-price index jumped 3.3 percent in November from a year earlier, exceeding all 47 estimates in a Bloomberg survey and the 1.2 percent gain in October The consumer-price index rose 2.3 percent, ...