News

  Bloomberg Russian wheat prices extended a rebound, capping the best run since April, as farmers charged more for high-protein grain after rains damaged crops there and in major competitor France. Wheat for loading at Black Sea ports rose 1.2 percent from a week earlier to $170 a metric ton as of Friday, Dmitry Rylko, director general of Moscow-based Institute ...

  Bloomberg Poland plans to keep its 2017 budget deficit below the European Union’s limit of 3 percent of gross domestic product even as a report showed the government revising down its outlook for economic growth. The shortfall is planned at 2.9 percent of GDP, the Finance Ministry said on its Twitter account on Monday. That compares with a 2.6 ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has highlighted the attractive investment environment that the UAE and Abu Dhabi offer during its participation at the China Investment Conference 2016, which recently concluded in Shanghai. The conference’s agenda included the discussion of the Chinese Silk Road Economic Belt Initiative and the UAE’s role in its implementation as well ...

  Abu Dhabi / WAM The National Archives and the British National Archives have signed a Memorandum of Understanding (MoU) to coordinate the translation of important historical documents, including digitising and making them available to decision-makers and researchers, as well as using the documents in preparation of the nation’s curricula at various educational stages. The cooperation is in line with the ...

  Dubai / Emirates Business Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been named as the ‘Preferred Remittance Centre of the Year’ at The Filipino Times (TFT) Awards 2016. TFT Awards aims to recognize the most influential brands amongst the Filipino community as well as acknowledge the brands that Filipinos love the most. Husam ...

  Dubai / Emirates Business Abu Dhabi Airports has installed a new Automated Tray Return System (ATRS) to speed up the process of hand luggage screening at Terminal 3 in Abu Dhabi International Airport (AUH). The new system allows for the processing of more than four times the number of baggage that conventional screening lanes do, reducing screening wait times ...

  Dubai / WAM Passenger traffic at Dubai World Central (DWC) increased by more than 95 per cent in the first half of 2016, according to a report issued by Dubai Airports. The first six months of the year saw passenger traffic reach 410,278, up 95.4 per cent compared to 209,989 passengers recorded during the corresponding period in 2015. Passenger traffic ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), has announced that September 29 would be the deadline to receive entries for the Sharjah Economic Excellence Network (ShjSEEN) Award, which is aimed at spreading the culture of quality and excellence among the private sector various bodies and implementing the practices which contribute in setting comprehensive quality standards and ...

  Bloomberg China National Chemical Corp. received approval from U.S. national security officials for its takeover of Swiss agrochemical and seeds company Syngenta AG, seen as the biggest regulatory hurdle that the $43 billion acquisition faces. The Committee on Foreign Investment in the U.S. has cleared the transaction, the companies said in a statement on Monday. The deal, expected to ...

  Bloomberg NTPC Ltd., India’s biggest power producer, reported a 4 percent increase in its first-quarter profit on the back of higher energy sales. Profit for the three months ended June 30 rose to 23.7 billion rupees ($353 million) from 22.76 billion rupees a year ago, according to a stock exchange filing. Revenue climbed 11 percent to 189.4 billion rupees ...