News

  AFP China’s growth slipped to a seven-year low of 6.6 percent in the third quarter, according to a survey, despite ample stimulus and a red-hot property market in the world’s second-largest economy. The median forecast for expansion in gross domestic product (GDP), based on a poll of 18 economists, represents an easing from the second quarter’s 6.7 percent. It ...

  Bloomberg China will continue to relax policies designed to shrink its coal production capacity by allowing some mines to boost output to cool rising prices, according to Australia’s Whitehaven Coal Ltd. The world’s biggest producer and user of the fuel may increase the number of days of production allowed at “better mines” while limiting activity at less efficient ones, ...

  Bloomberg Zinc, this year’s best performing metal, has the potential to extend gains to the highest level since 2011 because of a shortfall in ore production, assuming that Glencore Plc doesn’t restart idled mines, according to Japan’s biggest producer. Prices could advance to $2,500 a metric ton by March because of “super tight” ore supply after companies cut output, ...

  Bloomberg China plans to plug a regulatory gap and begin overseeing low-speed electric vehicles used mainly in the country’s rural areas, legitimizing a market segment that dwarfs sales of regular battery-electric cars made by the likes of BYD Co. and Tesla Motors Inc. Under the current regulatory framework, there are no rules governing the production and sale of electric ...

  DUBAI / WAM On the first day of the Gulf Information Technology Exhibition (Gitex 2016), Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Authorized Economic Operator (AEO) programme. The AEO programme is a federal programme that connects the UAE with the rest of the world in ...

  ABU DHABI / WAM Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is leading a delegation to Shanghai, China, to bolster economic cooperation in trade, industry, investment, exchange of information and mutual coordination between the two cities. Al Mansouri said that the visit comes as a result of last year’s historic ...

  Abu Dhabi / EMIRATES BUSINESS Etihad Airways Engineering has been named ‘MRO Service Provider of the Year (Middle East)’ at the Aviation Business Awards 2016. The company also won the ‘Engineering Innovation of the Year’ award for developing a unique Flying Testbed – an Airbus A320 aircraft reconfigured for testing new innovations as well as for commercial flights. Etihad ...

  Ras Al Khaimah / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said his message to the people of the UAE on the National Agenda 2021 aims to foster transparency between the government and people. “The National Agenda 2021 sums up government work and shortens the goals ...

  Abu Dhabi / WAM The UAE Banks Federation (UBF) will be hosting its 4th Middle East Banking Forum in Abu Dhabi on November 14, under the theme, “Transforming the customer experience”, to highlight de-risking and its impact on regional banks. A high level panel discussion is scheduled to explore the effects and ramifications of de-risking, which is where correspondent banking ...

  Abu Dhabi / WAM All services offered by the National Media Council (NMC) are now readily available online to the media regulator’s customers via its new official smart app ‘NMC UAE APP’, launched on the first day of the 36th GITEX Technology Week (GITEX 2016). Fee payments and inquiries about media services and activities are just a few of the ...