News

  Hanoi / AFP Vietnam’s economy dipped slightly in the third quarter year-on-year, data showed Thursday, but analysts say the communist country will remain one of Southeast Asia’s star performers. GDP growth in the three months to September hit 6.4 percent, down from 6.81 percent in the same period in 2015, the Government Statistics Office said in a statement. Vietnam ...

  Bloomberg Shareholders at Reliance Capital Ltd. approved the appointment of Jai Anmol Ambani as an executive director, grooming a prospective heir to his billionaire father at parent Reliance Anil Dhirubhai Ambani Group Anmol, the older son of 57-year-old Reliance Chairman Anil Ambani, was appointed as an additional director by the board in August. A majority of institutional investors, which ...

  Sydney / AFP South Australia braced for a second night of severe weather on Thursday, with tens of thousands of homes still without power after “catastrophic” storms knocked out supply to the entire population. The total blackout caused chaos and widespread damage was reported, as authorities warned of more wild conditions to come including floods, high winds, heavy rain ...

  Dubai / Emirates Business More than 100 professionals of the Middle East’s automotive aftermarket gathered in Dubai to discuss the future trends in their industry, with the rise of digitisation likely to have a major impact on the way they do business in the region. Valued at US$367 billion in 2015, the global market for replacement parts is estimated ...

  Dubai / Emirates Business Dubai Parks and Resorts, the region’s largest integrated theme park destination, announced on Thursday that it will now open on October 31 with LEGOLAND® Dubai and Riverlandâ„¢ Dubai, the retail dining and entertainment district. Bollywood Parksâ„¢ Dubai, LEGOLAND Water Park and the Lapitaâ„¢ Hotel will open to the public on November 15 while MOTIONGATEâ„¢ Dubai ...

  Emirates Business Gulf Craft has announced plans to start manufacturing megayachts (yachts larger than 50 meters in length) marking the Emirates-based builder’s entry into the exclusive league of global megayacht manufacturers. The announcement was made at the Monaco Yacht Show, where Gulf Craft revealed the riveting new concept designs for the 61-meter Majesty 200 and the 53-meter Majesty 175, ...

  Sharjah/ Emirates Business The Kalba Bird of Prey Centre, operating under the umbrella of the Environment and Protected Areas Authority (EPAA) in Sharjah, is excited to announce the launch of its entertainment shows for the winter season. The shows will be fun for all members of the family and will offer a unique jaw-dropping experience with live demonstrations of ...

  DUBAI / Emirates Business The Ministry of Economy recognised du as a pioneer in training and qualifying Emirati nationals in the profession, either for employees or the community with an award for The Emiratis in the Accounting, Auditing and Financial Management professions. du representatives, Amer Kazim, Chief Financial Officer, and Mohamad AlSaabri, Senior Director for National Development, received the ...

  Manama / Emirates Business Tenmou, Bahrain’s first ‘Business Angels’ organisation, in strategic partnership with the Economic Development Board (EDB) is preparing to host the third Middle East North Africa (MENA) Angel Investors Summit at the Ritz Carlton Hotel , Bahrain on November 22-23. More than 40 start-ups are expected to attend the event. The Summit aims to provide a ...

  PARIS / Reuters PSA Peugeot Citroen said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott due to ...