News

  Sharjah / Emirates Business Officials from the UAE Board on Books for Young People (UAEBBY), the national branch of the International Board on Books for Young People (IBBY), recently visited the UAE Red Crescent Authority moderated Emirati-Jordanian refugee camp at the Mrajeeb Al Fhood in Jordan. Representatives from Knowledge without Borders (KwB) accompanied the officials, with the delegation’s visit ...

  Dubai / Emirates Business With over a third of the world’s population projected to own a smartphone by next year — an estimated 2.6 billion smartphone users in the world — it is likely that almost all Middle East-based consumers own — or will own — at least one smartphone. So it’s great news that GITEX Shopper 2016, the ...

  Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with global reach into international markets, completed the official handover to owners of its Dubai-based property development — Azizi Feirouz Residence — a residential G+11 building with 99 one to three-bedroom units located in the new urban development of Al Furjan. Since then, tenants have begun to ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, was re-assured on the condition of the students who were injured on Thursday following a traffic accident in Mussafah. Sheikh Mohamed wished the students speedy recovery to return to their schools. Earlier, a ...

  BELGRADE / WAM Juma Rashid Saif Al Dhaheri, UAE Ambassador to the Republic of Serbia, on Thursday attended the 6th Business Conference “South East Europe Tourism – SEET2016”. The event is being taking place under the patronage of Ministry of Trade, Tourism and Telecommunications of Republic of Serbia from September 28 in Sava Centre, Belgrade. The event aims to ...

  Paris / AFP Volkswagen boss Matthias Mueller has said that the troubled German automaker is using “all available resources” to work its way through the “dieselgate” emissions cheating scandal which has engulfed it. One year after the scandal erupted, it “is and will remain an incisive turning point, a pivotal event in our history,” VW chief executive Mueller said ...

  London / AFP Italian Prime Minister Matteo Renzi on Thursday said Britain should not expect special treatment in Brexit talks, as the British trade minister warned the EU would hurt itself if it imposed tariffs. Renzi’s comments are the latest from a European leader to highlight the tough stance Britain is likely to face when trying to negotiate access ...

  Washington / AFP The US economy grew faster than originally thought in the second quarter of this year, with Commerce Department figures released on Thursday showing a 1.4 percent annual rate. The previous estimate had been a gloomier 1.1 percent. Thursday’s figures surpassed an analyst consensus, which had called for a revision to 1.3 percent. In releasing the new ...

  Frankfurt / AFP German inflation in September jumped to its highest level since May 2015, data showed Thursday, in welcome news for the European Central Bank’s efforts to boost prices with a massive stimulus programme. Inflation rose by 0.7 percent this month compared to the year before, according to preliminary figures from Germany’s federal statistics office Destatis. The figure ...

  Bloomberg Bond investors are giving Chile’s Masisa SA a vote of confidence as the wood-panel maker unloads assets, pays debt and becomes less reliant on Venezuela. Its $200 million of notes due in 2019 have returned 27 percent in 2016, almost twice the average for emerging-market corporate debt. The junk-rated securities sank to a record low last year on ...