News

  Beijing / Bloomberg China’s home sales continued to grow in April, signaling that tightening measures designed to stem a home-price surge in some large cities have yet to slow the market’s upward momentum. New-home sales gained 63.5 percent to 793.7 billion yuan ($122 billion) last month from a year earlier, according to Bloomberg calculations based on data the National ...

  Singapore / AFP Singapore Telecom (Singtel) reported a full-year net profit rise, driven by increased mobile data usage as more customers browse the Internet on handheld devices. Investments in high-speed Internet networks and services are paying off as the easy mobile connections allow people to consume more data while on the go, said Singtel, Southeast Asia’s biggest telecom firm ...

  Kolkata / Bloomberg The monsoon in India, which accounts for more than 70 percent of the annual rainfall, will arrive a week later this year, prolonging a drinking water shortage and delaying planting of crops from rice to cotton and sugar cane. Southern Kerala state will start receiving the seasonal rains from June 7, the India Meteorological Department said ...

  ABU DHABI / WAM A national tourism strategy will provide a framework of action that will help mobilise all stakeholders to position the UAE among the best tourism destinations in the world, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with officials in charge of the tourism sector in his ministry. The minister also called ...

  ABU DHABI / WAM The 4th session of Abu Dhabi-Japan Economic Council will kick-off on Sunday in Abu Dhabi under the chairmanship of Ali Majid Al Mansouri, Chairman of the Abu Dhabi Department of Economic Development (ADDED), and Yosuke Takagi, the Japanese State Minister of Economy, Trade and Industry. The event will be attended by a big Japanese delegation ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) joined the International Energy Agency’s (IEA) Clean Coal Centre as a sponsor. DEWA will have access to the centre’s expertise, which includes consultancy services, study reports, analysis, workshops, conferences and databases. Every year, the centre publishes around 15 reports covering various aspects of clean coal technologies and related policies and ...

  DUBAI / WAM In implementation of the directives of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum to immediately start the construction of a portfolio of road projects and transport systems as endorsed by His Highness during a recent visit to the Roads and Transport Authority (RTA), the contract for ...

  ABU DHABI / WAM A high-level delegation comprising more than 50 persons, including representatives from the Ministry of Economy and the Council of Small and Medium-Sized Enterprises and Projects, the SMEs Council, key businessmen and entrepreneurs, and other government officials, is set to visit Malaysia with the chief aim of exploring potential business and investment opportunities that both countries can ...

  Abu Dhabi / WAM Individuals, organisations and schools in the United Arab Emirates have been urged to help transform the lives of millions of people by submitting and nominating entries for the 9th Zayed Future Energy Prize before the closing date on June 27. The prize is the UAE’s international awards for pioneers of renewable energy and sustainability. Submissions are ...

  Dubai / Emirates Business The second edition of the three-day long World Free Zones Organization’s Annual International Conference and Exhibition concluded on a high note, drawing the participation of over 680 experts from 60 countries. On the third day of the conference and exhibition, the members of the organization and its board of directors gathered for the closing general ...