News

  AP The world’s first self-driving taxis began picking up passengers in Singapore starting Thursday. Select members of the public can hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars on public roads for several years, nuTonomy says is the ...

  Bloomberg Aussies are buying Bentleys, BMWs and Mercedes in record numbers even as living standards fall in a sign that rising inequality seen in the developed world is spreading Down Under. Top-end car sales surged to a record 104,277 in the 12 months through July, a 15.7 percent increase on the same period a year earlier, according to an ...

  Bloomberg Steel production in China, the world’s biggest supplier, will probably contract this year and shrink further in 2017 as local demand slows, hurting the outlook for iron ore, according to Li Xinchuang, a vice chairman at the China Iron & Steel Association. “There will be significant declines in the next three months,” said Li, who’s also dean of ...

  Bloomberg India’s ample coal stockpiles may blunt the power of unions planning a strike at Coal India Ltd., the world’s biggest miner of the fuel. Labor groups including All India Coal Workers’ Federation are demanding the company start early wage talks and begin recruiting to fill vacancies, as well as calling on the government to stop selling its shares ...

  DUBAI / WAM The Ministry of Economy in Dubai, Dubai Customs, DP World, Emirates SkyCargo, and the Department of Commerce and Tourism warmly welcomed the University of Dubai’s (UD) international MBA students from its partner university, the University of North Florida, for a Study Abroad Programme focusing on learning about the rich Arabic culture, the innovative education system, and ...

  DUBAI / WAM Emirates Environmental Group (EEG) held a panel discussion at Gloria Hotel on sustainable consumption and production, and how best to address the global environmental issues. The forum brought together experts to delve deeper into the Sustainable Consumption and Production of food. Dr Essam Elhashimi, Head of Food Studies Expert, Dubai Municipality, one of the panel speakers, ...

SHARJAH / WAM The second annual Sharjah FDI Forum will take place on September 28-29, under the slogan “Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia”, hosting more than 300 elite decision makers, business leaders and economic experts who will gather to exchange their knowledge and expertise on trends and developments in foreign direct investment ...

  Abu Dhabi / WAM The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) on Wednesday signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) to enhance regulatory cooperation and facilitate cross-border activities. The MoU establishes a framework for both authorities to provide assistance, exchange regulatory information and co-operate in supervising and ...

  Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD) has commended the historic relations between the UAE and Egypt, deeming them a role model for inter-Arab fraternal ties. Al Suwaidi made the remark on offering of the landmark deposit of US$1 billion by ADFD to the Central Bank of Egypt for a ...

  Sharjah / WAM The Sharjah Business Women Council (SBWC), recently led a women delegation to the United Kingdom, aimed at inspiring and motivating businesswomen from the UAE to scale up their home-based business activities more professionally and competitively. The SBWC is an affiliate of NAMA Women Advancement Establishment (NAMA). Headed by Ameera BinKaram, Vice-Chairperson of NAMA and Chairperson of SBWC, ...