News

  Abu Dhabi / Emirates Business Etihad Airways on Thursday announced the expansion of scheduled services between Abu Dhabi and India as strategic partner Jet Airways unveiled new routes and additional frequencies to further strengthen their partnership in one of the world’s fastest growing aviation markets. From early 2017, the two airlines will expand their services between the United Arab ...

  Dubai / Emirates Business As part of their ‘Be Responsible — Drive Safe’ campaign launched in 2014, the Dubai Chamber Sustainability Network in partnership with RTA and Roadsafetyuae.com, conducted a Road Safety seminar ‘The Role of Leadership in Fleet Safety Management’ at the Chamber premises. The seminar, organised by Dubai Chamber’s Centre for Responsible Business’s Sustainability Network Road Safety ...

  Sharjah / Emirates Business The Sharjah Book Authority (SBA) announced the completion of its preparations for the sixth edition of the Professional Programme, to be held as part of the Sharjah International Book Fair (SIBF). Taking place at the Sharjah Chamber of Commerce and Industry from October 30 to November 1, this key event in the international publishing calendar ...

  Ras Al Khaimah / Emirates Business Its multicultural community is a hallmark of the popular Al Hamra Village neighbourhood in Ras Al Khaimah, as leading market developer Al Hamra Real Estate Development reveals in its latest investor nationality statistics for its flagship community. According to Barry Ebrahimy, Head of Commercial for the company, the established community welcomed investors from ...

  Bloomberg The UK economy slowed less than economists forecast in the quarter after the Brexit vote because of a surge in services, providing ammunition for critics of those who warned of a possible fallout before the referendum. The 0.5 percent expansion was better than the 0.3 percent median forecast of economists in a Bloomberg survey. Services surged 0.8 percent, ...

  Brussels/ AFP Belgium announced on Thursday a breakthrough in talks to secure a landmark EU-Canada trade deal by winning over the leaders of a recalcitrant Belgian region, potentially snapping a deadlock which threatened European credibility anew. However, the announcement came too late for EU leaders and Canadian Prime Minister Justin Trudeau to go ahead with a signing ceremony in ...

  Helsinki / AFP Finnish telecom equipment giant Nokia said on Thursday it has managed to reduce losses but remained in the red in the third quarter after acquiring its former rival, French-American Alcatel-Lucent. The world’s former number one in handsets, which turned into a telecom equipment maker, reported a net loss of 125 million euros ($135 million) in the ...

  Berlin / AFP German auto giant Volkswagen on Thursday lifted its forecast for the year after swinging back to profit, but the fallout from the group’s “dieselgate” emissions cheating scandal weighed heavily on its luxury brand Audi. One year on from the crisis, the VW group’s recovery appeared on track as it posted net profit of 2.3 billion euros ...

  ALGIERS / Reuters Algeria is preparing to speed up the diversification of its oil-reliant economy in the coming year after starting to cut state subsidies to offset a fall in energy earnings, the head of parliament’s finance committee said. In the past, the OPEC member took advantage of high prices for oil and gas, which account for 60 percent ...

  Cairo / Emirates Business The World Bank has announced, during a ceremony to celebrate the release of its 14th Doing Business Report, that Egypt moved up nine places compared to last year. The country now ranks 122, which represents a significant improvement on its previous ranking of 131. The ceremony was attended by Dr. Mohamed Khodeir, the CEO of ...