News

  Tokyo / AFP India’s soybean output may rebound from an 11-year low as ample rain and sunshine boosts crop development, according to the Soybean Processors Association of India. Production may top the 6.93 million metric tons harvested in 2015-16 if current favorable weather continues next month, Chairman Davish Jain said by phone from Indore. That was the smallest crop ...

  Jakarta / Bloomberg Palm oil shipments from Indonesia, the world’s largest grower, probably rose to the highest level in three months in July after buyers from China to India boosted purchases. Exports of palm and kernel oils climbed 6.7 percent to 1.9 million metric tons, according to the median of seven estimates from analysts and plantation executives compiled by ...

  Beijing / Bloomberg China is adding new instruments to its economic dashboard that will incorporate big data to help better track innovation and entrepreneurship in the new economy. Three indicators tracking innovation, entrepreneurship and the new economy are rolling out this year to gauge output in those fast-moving, category-bending and hard-to-measure sectors. All three will be distilled partly from ...

  SHARJAH / WAM The Sharjah Road and Transport Authority opened a road network at Al Saja Industrial Area as part of the emirate’s plans to build a modern, integrated network of roads and provide a fully-serviced investment infrastructure. The authority has invested AED66 million on this project. Sulieman Al Hajeri, Director of Roads at the Authority, said that roads ...

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) organised the third batch of training sessions for 75 students of the Carbon Ambassadors Programme, the next generation of leaders and experts, who will implement ambitious national strategies and plans as well as contribute to innovating new initiatives and programmes, as part of the Dubai Clean Energy Strategy 2050. Conducted ...

  Abu Dhabi / WAM Waha Capital has completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a 5-year US$ 500 million revolving credit facility. This replaces the previous US$ 375 million revolving credit facility secured in 2014. The facility was positively received and achieved a significant oversubscription. It was ...

  Aden / WAM The UAE donated vehicles to security authorities in Aden governorate to help leverage security and stability there. The UAE has so far donated 47 Toyota FJ Cruisers, 18 police cars, five motorcycles, six fire trucks, 50 fire suits, 10,000 police uniforms and airport security devices to the southern Yemeni city. Chief of Aden’s security, Shallal Shaea, praised ...

  Dubai / WAM The Higher Organising Committee of the Dubai Award for Sustainable Transport (DAST) has opened registrations for entries and started receiving nominations from public, semi-public and private entities in the UAE for the ninth edition of the award. Nasir Hamad Abu Shehab, CEO of Strategy & Corporate Governance Sector-cum-Chairman of the Higher Organising Committee of DAST, RTA, says ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced that the UAE’s citizens can travel to the Republic of Botswana without the need for prior entry visa requirements, and can stay for a period not exceeding ninety days. Ahmed Saeed Elham Al Dhahiri, Assistant Under-Secretary for Consular Affairs, said the ministry has received an official ...

  Abu Dhabi / WAM The Mohammed bin Rashid Al Maktoum Foundation (MBRF) reported that a large number of government and private agencies have already joined its “My Family Reads” initiative. The initiative was initiated in 2014 in an effort to disseminate culture and promote reading among all segments of society and family members in the UAE. Jamal bin Huwaireb, Managing ...