News

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and plans, initiates and drives its domestic and overseas promotions, on Thursday hosted the annual UAE World Tourism Day conference for the second year in a row. The half-day UAE World Tourism Day Conference, held at the Al Marjan Island ...

  Jakarta / AFP Thousands of workers rallied on Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax. The tax amnesty programme began in July, offering low rates to people who came forward to declare their untaxed wealth stashed at home and overseas. Wealthy ...

  Bloomberg China has punished coal and steel companies for illegal production or unsafe operations as part of the government’s efforts to reduce industrial overcapacity. Following safety checks at 4,624 coal mines, the regulator revoked the licenses of 28 and halted production at 286, the National Development and Reform Commission said in a statement on its website. Thirty-three coal companies ...

  Seoul / AFP Samsung said on Thursday it would resume sales of new Galaxy Note 7 smartphones in South Korea this week, hoping to turn the page on the troubled device after an ongoing global recall prompted by battery explosions. The company on September 2 suspended sales of the oversized “phablet” and recalled 2.5 million units shipped worldwide after ...

  Bangkok / AP Thailand, the world’s biggest exporter of seahorses, is suspending trade in the animal because of concern about threats to its wild population. The decision was announced at a meeting of the Convention on International Trade in Endangered Species of Wild Fauna and Flora, or CITES. Dr. Amanda Vincent, a seahorse expert at The University of British ...

  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 ...