News

  Abu Dhabi / WAM The Executive Committee of the Executive Council, headed by Saeed Eid Al Ghafli, Chairman of the Executive Office, has approved during its meeting a number of development and service projects in the Emirate of Abu Dhabi at cost of AED700 million. The committee approved awarding the project to develop the traditional market to contractors based on ...

  Dubai / Emirates Business Reflecting its commitment towards innovative financial solutions, Mashreq’s contactless sticker solution Tap n Go can be used to make payments without carrying physical cards. Tap n Go can be used by all Mashreq Credit Card customers and it reduces transaction time from 45 seconds to less than 8 seconds. Leading financial institution, Mashreq has announced ...

  New York / WAM The Sharjah Business Women Council (SBWC) an affiliate of the NAMA Women Advancement Establishmen, NAMA, was one of the participants at the CGI 2016 Annual Meeting held from September 19-21 at the Sheraton Hotel and Towers in New York. Ameera BinKaram, Deputy Chairperson of NAMA and Chairperson of SBWC, highlighted efforts and initiatives undertaken by the ...

  Abu Dhabi / Emirates Business ADNOC Distribution on Wednesday opened the Al Marfaa Marine service station in the Western Region of Abu Dhabi as part of its sustained commitment to expanding its service station network to meet the ongoing population growth and urbanisation of the UAE. The inauguration of the new station was attended by Amer Mohd. Zayed Almansouri, ...

  Dubai / Emirates Business SMEs are a crucial component for sustainable economic growth in the GCC post the oil price decline but need to overcome key challenges to succeed. The finding comes from the latest research by Bloovo.com on the role SMEs play in catalysing economic success across the region. With a USD 275 billion export shortfall due to ...

  Manila / AFP President Rodrigo Duterte’s deadly war on crime is threatening the Philippines’ economy and endangering its democratic institutions, international credit rating agency Standard and Poor’s warned on Wednesday. S&P maintained its stable outlook for the Philippines, but highlighted a range of “weaknesses” under the new Duterte administration that also included his foreign policy and national security statements. ...

  Bloomberg India is considering expanding the basket of steel products that attracts an anti-dumping tax to stem inflows of cheaper supplies into the world’s third-biggest producer. The steel ministry is likely to levy anti-dumping taxes on some of the 66 products that are currently covered by the minimum import price rule before it expires on Oct. 4, Steel Secretary ...

  Beijing / AFP Chemical accidents have killed nearly 200 people in China so far this year, environmental group Greenpeace said Wednesday, calling on Beijing to overhaul the “appallingly under-regulated” industry. Industrial accidents are common in China, where work safety regulations are often flouted. In the first eight months of the year, China saw 232 chemical accidents which killed 199 ...

  Beijing / AP Liu Jingtang was a Samsung loyalist. The Shanghai technology consultant traded up steadily through its smartphones to the new Note 7. But Liu’s devotion was shaken by the Korean tech giant’s confusing response to its latest product safety scare. Liu, 32, said Samsung Electronics quickly confirmed his Note 7 wasn’t covered by a recall announced last ...

  Frankfurt / AFP Volkswagen investors have filed 1,400 lawsuits seeking 8.2 billion euros in compensation from the car giant over its emissions cheating scandal, a German court said Wednesday, adding to a long list of legal woes for the embattled firm. Investors say the automaker failed to disclose details of the case in a timely way, leading them to ...