News

  Sydney / Bloomberg Australia’s coalition government will provide A$49.2 million ($36 million) to support struggling steelmaker Arrium Ltd., Prime Minister Malcolm Turnbull said. The funds will be spent on new machinery at two mines in South Australia to help Arrium remove waste materials from its iron ore, Turnbull said in a statement on Sunday. The equipment will enable Arrium ...

  Bangkok / Tribune News Service The Commerce Ministry says it has found 15 companies in Phuket and two in Phang Nga in likely breach of the Foreign Business Act (FBA) for having a nominee structure in businesses reserved for Thais. In two cases, foreigners were allegedly using Thai identity cards illicitly. Sarote Suwattigul, deputy director-general of the Foreign Trade ...

  Tokyo / AFP Nissan says it is developing fuel-cell technology that can power cars using plant-based ethanol, a first for the auto industry, and hopes to launch the system in time for Tokyo’s 2020 Olympics. Japan’s number-two automaker said its experimental technology would let vehicles drive more than 600 kilometres (375 miles) on a single fill, similar to gasoline-powered ...

  Beijing / AFP China’s unbranded goods are often better than the branded originals they imitate, founder of e-commerce giant Alibaba Jack Ma said, posing an additional challenge to the battle against sales of counterfeits. “The problem is that the fake products today, they make better quality, better price than the real product, than the real names,” he said in a ...

  DUBAI / wam The Dubai Electricity and Water Authority (DEWA) is supporting the Rashid bin Mohammed Ramadan Forum as its strategic partner, under the patronage of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Foundation (MBRF). The forum was organised by the Department of Islamic Affairs and Charitable Activities (IACAD), ...

  ABU DHABI / EMIRATES BUSINESS ADNOC Distribution announced the opening of Motor World service station in Shamkha area of Abu Dhabi. The station is the largest within the company’s network of stations and petroleum services. The opening ceremony was attended by Abdulla Salem Al Dhaheri, Director, Sales and Marketing Directorate, ADNOC Group and Saeed Mubarak Al Rashdi, Acting Chief ...

  NEW YORK / WAM The UAE Consul-General in New York, Majid Al Suwaidi visited Charlotte, North Carolina, to meet with local government officials and business leaders, and highlight the strong bilateral relationship between the UAE and US. He visited the city to deliver his keynote remarks at the World Affairs Council of Charlotte’s Annual Meeting, where Al Suwaidi was ...

  Dubai / wam The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai recently received delegations comprising representatives from Dubai Airports, Roads & Transport Authority (RTA), and the Dubai Electricity & Water Authority (DEWA) at the Dubai Business Club, a 6-Star facility opened recently in DED to provide an exceptional experience and improved ...

  New York / AFP Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times reported. The sum was stolen from a project called the Decentralized Autonomous Organization (DAO), which had collected the money in Ether, a form of currency ...

  wana / wam The Sheikha Fatima bint Mubarak Hospital built at a cost of US$5 million has been inaugurated in the Shulam area of South Waziristan, Pakistan. The project is in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...