News

  DUBAI / Emirates Business UAE-based telecommunications service provider -‘du’, has been selected by Abu Dhabi Islamic Bank (ADIB) to deliver opex-driven co-location services in the UAE. ADIB benefits from world-class data centre infrastructure that is ready to support its business with maximum reliability and availability. ADIB will be able to grow and develop its operations with a foundation in ...

  DUBAI / Emirates Business The Dubai Roads and Transport Authority (RTA) and UAE-based digital payments provider Trriple are opening up more channels for customers to top up their Nol Cards. Customers will be able to top up at over 20,000 UAE merchants through the Trriple mWallet app network. “Being able to top up Nol Cards through additional neighborhood merchants ...

  DUBAI / Emirates Business Key players in Dubai’s tourism industry came together to mark the city’s milestone achievement of reaching 100,000 rooms across its expanding hotel and hotel apartment inventory following the soft opening of The Westin Dubai, Al Habtoor City. In attendance were His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing ...

  Bloomberg The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number to $500 billion by 2020”. The eighth annual ...

  AP Japan has withheld its annual UNESCO dues, saying it wants to make sure the UN body properly functions to foster trust among member nations. Foreign Minister Fumio Kishida, asked by a reporter, confirmed that Japan withheld dues of nearly 4 billion yen ($40 million) for this year. He refused to say if that was to protest UNESCO’s listing ...

  Bloomberg North Korea fired a ballistic missile on Saturday that immediately exploded after launch. The missile was thought to be a mid-range weapon capable of hitting U.S. military bases in Japan or Guam in a move that comes as the international community considers further sanctions on the isolated nation. The projectile, believed to be a Musudan missile, was fired ...

  Bloomberg China is preparing to launch a manned spacecraft on Monday, marking a crucial step toward the country’s ambition to build and operate its first space station by 2020. The spacecraft is scheduled to blast off on a Long March-2F carrier rocket at 7.30 a.m. Beijing time from Jiuquan Satellite Launch Center in western Gansu province, Wu Ping, deputy ...

  NEW DELHI / AP AJB Bumiputera 1912, the century-old Indonesian life insurer, is exploring a sale of its business to an overseas investor as it seeks to meet obligations of its more than 5 million policyholders, people with knowledge of the matter said. The Jakarta-based firm is working with a financial adviser to identify potential buyers, including international insurers, ...

  Bloomberg A split between the world’s two largest gold producers over the value of their jointly owned Australian mine is more about future economic expectations than what’s in the ground. That’s the view of Newmont Mining Corp.’s Gary Goldberg, who has been saying for over a year he’d be interested in buying Barrick Gold Corp.’s half of the Kalgoorlie ...

  Bloomberg The US budget deficit as a share of the economy widened for the first time in seven years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt. Spending exceeded revenue by $587.4 billion in the 12 months to Sept. 30, compared with a $439.1 billion deficit in fiscal 2015, ...