News

  Reuters India is talking to the United Arab Emirates (UAE) and Saudi Arabia to fill half of the 1.5 million tonnes (mt) of the Mangalore strategic storage, along with Iranian crude, its oil minister said on Wednesday. Dharmendra Pradhan told a news conference India is exploring two to three other models for sourcing oil to fill the remainder of ...

  AFP Indonesia’s central bank cut its benchmark interest rate on Thursday in a bid to boost sagging growth, given space to act thanks to the Fed’s decision not to raise the cost of borrowing. Bank Indonesia slashed the rate by 25 basis points to five percent, as expected. The bank shifted to using the current, more short-term focused benchmark ...

  AFP India may have just spent billions of dollars on hi-tech French fighter jets, but experts say it needs to do a lot more if it is going to face up to an increasingly assertive China. The world’s top defence importer has signed several big-ticket deals as part of a $100-billion upgrade since Hindu nationalist Prime Minister Narendra Modi ...

  AFP Japan’s exports tumbled and the country logged a surprise trade deficit in August, data showed, reviving concerns about the economy just before the Bank of Japan wraps up a closely watched meeting. Shipments overseas fell 9.6 percent from a year earlier as a strong yen clouds the country’s trade picture. That left a trade deficit of 18.7 billion ...

  AFP China has removed an almost 13-year-old ban on some US beef products, its quality inspection regulator said Thursday. A ban on imports of “American bone-in beef and boneless beef for cattle under 30 months” has been lifted effective immediately, the General Administration of Quality Supervision, Inspection and Quarantine said, according to a document posted on its official website. ...

  DUBAI / Emirates Business A novel strategy — the agglomeration business model — can help SMEs in the UAE and the GCC region to grow their businesses on a fast-track basis, according to an expert. Callum Laing, a Singapore-based entrepreneur and author who successfully deployed the business model along with his partners in Singapore, will reach Dubai by the ...

  Sharjah / Emirates Business The UAE Board on Books for Young People (UAEBBY) and the Goethe-Institut Gulf Region had sent two UAE authors to attend the International Literature Festival Berlin (ilb), which concluded recently in the German Capital Berlin. The move to send the two children’s book authors, Maitha Al Khayyat and Noora Al Khouri, to participate in the ...

  Emirates Business Today’s tech-savvy members dubbed as #GenMobile always travel with three or more mobile devices. And when they arrive at hospitality venues, they’ll demand to connect to everything all the time, making it essential for venues to provide a memorable guest Wi-Fi experience. Technology is no longer just solving back-end business problems. It also isn’t just a tool ...

  Emirates Business Hala Abu Dhabi, the destination management company of the Etihad Aviation Group (EAG), has been selected as the exclusive shore excursions and activities provider for Sir Bani Yas Island and Beach Oasis, the latest cruise destination stop in the UAE for the 2016/2017 season. The announcement was made at the Seatrade Cruise Med conference, being held between ...

  Bloomberg Coming off its best Christmas in years, the US toy industry is wagering that the Pokemon Go craze will command a lot of space on kids’ wish lists. Pokemon-branded video games from Nintendo Co. and a plush Pikachu character that wiggles its ears from Tomy Co. highlight the Toy Insider’s Hot 20 list, an industry publication’s best guess ...