News

  Dubai / WAM Dubai WoodShow 2017, in association with the International Technical Tropical Timber Association (ATIBT), will organise the Timber Legality and Climate Change Forum in Dubai from March 4-6, 2017. The Dubai WoodShow, which is the biggest wood industry trade show in the Middle East, will be held from March 7-9, at the Dubai World Trade Center. The conference ...

  Sharjah / Emirates Business Encompassing stops in Al Khobar, Jeddah and Riyadh, the strong roadshow delegation led by Sharjah Commerce and Tourism Development Authority and comprising stakeholders from Sharjah which including representation from the airline, hotels, attractions and tour operators and who will highlight the emirates multi-faceted and expanding cultural family tourism proposition to Saudis major outbound travel trade ...

  Buenos Aires / AFP After the APEC summit in Lima, Japan’s Prime Minister Shinzo Abe is in Argentina to bolster bilateral trade and investment ties with Latin America’s third largest economy. It was the first visit to Buenos Aires by a Japanese prime minister in 57 years —the last one to make the trip was Abe’s grandfather, Nobusuke Kishi, ...

Taipei / AFP Taiwan’s TransAsia Airways said it would suspend flights from Tuesday as officials announced a probe into suspected insider trading at the loss-making airline, which is rumoured to be seeking buyers after two deadly crashes. The airline, in a statement on its website late Monday, said it had requested a halt in trading of its shares before an ...

  Bangkok / AFP Thailand’s economic growth slowed in the third quarter, data showed on Monday, with fears of further pain to come in a nation plunged into mourning following the death of its long-serving King Bhumibol Adulyadej. High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia’s ...

  Abuja / AFP Nigeria’s economy contracted in the third quarter as rebels continued to bomb oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24 percent year-on-year in real terms,” the country’s National Bureau of Statistics said in a report. This meant that ...

  Bloomberg China’s President Xi Jinping made a state visit on Monday to Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings. A day after taking part in the APEC Asia-Pacific trade summit, Xi made a formal visit to the host nation, a major mineral and food exporter. He was expected ...

  Bloomberg South Africa’s proposals to stabilize the labor market by introducing a national minimum wage and curtailing strike action have received mixed reviews, just days before ratings companies are scheduled to decide whether to downgrade the nation’s credit rating. The country’s biggest labor union has dismissed the recommended minimum wage of 3,500 rand ($246) a month announced by Deputy ...

  DUBAI / Reuters Iran has sent some ‘surplus’ heavy water to Oman, an Iranian nuclear spokesman was quoted as saying, after a UN atomic watchdog said Tehran was over a soft limit set under its nuclear deal with major powers. “In view of the progress of talks with several foreign firms and countries to purchase heavy water, some quantities ...

  CAIRO / Emirates Business Egypt remains the star performer among its peers in the region rising 5 percent over last week and breaking the 11,000 level for the first time since 2008. The rise is backed by positive investor sentiment regarding the IMF support of much needed funding. Stocks continue to rise after the currency declined by more than ...