News

  Bloomberg Profits of China’s industrial corporations are holding up this year thanks to a boost from steel and refining, even as last month’s earnings slowed from a three-year high. Industrial profits in January-September rose 8.4 percent from a year earlier to 4.64 trillion yuan ($685 billion), the National Bureau of Statistics said Thursday. Earnings last month rose 7.7 percent ...

  Bloomberg New Zealand has overtaken Singapore as the best country in the world to do business, according to the World Bank. Singapore slipped to second in the bank’s 2017 “ Doing Business” report after topping the ranking for a decade. Finland dropped out of the top 10, falling to 13th. Macedonia, which placed 92nd a decade ago, improved two ...

  Bloomberg Nintendo Co.’s plan to get its business back on track with mobile games and a new console is coming up against a hard reality: the core business is getting weaker. Pokemon Go, which gave investors and customers an early indication of the company’s potential to carve out a significant share of the smartphone gaming market, delivered a 12 ...

  ABU DHABI / WAM Abu Dhabi’s non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of AED59 million compared to the same period last year, according to the General Administration of Customs Abu Dhabi. The value of imports reached AED57.363 billion and exports reached AED17.305 billion, representing a 2.9 percent increase compared to the same ...

  ABYAN/ WAM The first phase of Ju’ar power station in Abyan Governorate, Yemen, has been inaugurated by the UAE as part of its massive humanitarian, relief and development initiative to alleviate the suffering of the people of Yemen. Abyan had been experiencing power outage for more than a year and half as a result of the destruction of the ...

  DUBAI / WAM Expo 2020 Dubai is to join a high-profile delegation at Dubai Week in China (DWIC) to build and reinforce strategic relationships and highlight the opportunities that the mega-event presents. A team from Expo 2020 Dubai will attend ‘Dubai Week in China 2016’ from October 27-29, which aims to promote trade between Dubai and China. Expo 2020’s ...

  Dubai / WAM The Department of Economic Development (DED) in Dubai launched a ‘Consumer Empowerment Index,’ the first of its kind in the region, to gauge the level of awareness among consumers regarding their rights and responsibilities as well as to take consumer awareness to a higher level of ‘consumer consciousness.’ The move is in line with the best practices ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF) recently held a meeting with the International Monetary Fund (IMF) mission on the Ministry’s premises in Abu Dhabi. The meeting aimed to review the financial and economic performance indicators, as well as the Ministry’s achievements and financial policies that support the national economy. HE Younis Haji Al Khoori, Undersecretary ...

  Abu Dhabi / Emirates Business The eighth edition of the International Real Estate & Investment Show (IREIS 2016), the only real estate event in Abu Dhabi that targets investors and consumers rather than trade visitors, will kick off on Thursday, October 27, at the Abu Dhabi National Exhibition Centre (ADNEC). Drawing the participation of more than 125 exhibitors from ...

  Abu Dhabi / WAM The UAE media deals in a realistic and professional manner with events keeping national interests in mind, Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, Chairman of the Board of Director of National Media Council (NMC), has said. The region experiences threats and risks, which prompt those in charge of the media to redouble ...