News

  Emirates Business Global leaders will meet in Dubai for the Africa Legal Network’s (ALN) 3rd Annual International Conference on October 5-6 at the Park Hyatt, Dubai, UAE. The invite-only event will bring together government representatives and business professionals to discuss the greatest opportunities for foreign investment in Africa. The conference comes as total non-oil trade between the two regions ...

  Emirates Business In the second quarter of 2016, Henkel generated organic sales growth — adjusted for foreign exchange and acquisitions/divestments — of 3.2 percent. Nominally, sales decreased by 0.9 percent to 4,654 million euros due to a negative foreign exchange impact of 5.3 percent. “Henkel delivered a strong business performance in the second quarter. We generated solid organic sales ...

  Dubai / Emirates Business Nissan is conducting a series of real- world experiments and trials to bring future mobility scenarios to life through several “Living Labs” underway at Nissan Future Lab. The “Living Lab” research provides user data to help Nissan anticipate and evolve to meet future transportation needs. The difference between traditional research methods and Nissan’s “Living Labs” ...

  Dubai / Emirates Business The Color Runâ„¢ presented by Daman’s ActiveLife will return on November 12 with a fun and fresh new twist, as its Tropicolor World Tour bursts into Dubai with a 5k stay-cation packed full of island-style colors, music and unforgettable memories. The Tropicolor World Tour takes the world-renowned experience that Dubai’s Color Runners already love to ...

  Bloomberg India’s preparing to tender 10 gigawatts of wind power by 2019 in auctions intended to help meet Prime Minister Narendra Modi’s ambitious clean-energy targets. The first 1-gigawatt tender is planned for October, Varsha Joshi said in an interview with Bloomberg News. She’s joint secretary at India’s Ministry of New and Renewable Power, the agency tasked with realizing Modi’s ...

  AFP China launched the world’s first quantum satellite on Tuesday, state media reported, in an effort to harness the power of particle physics to build an “unhackable” system of encrypted communications. The launch took place at 1:40 am in the southwestern Gobi Desert, the official Xinhua news service said, and comes as the US, Japan and others also seek ...

  Bloomberg Chinese authorities are planning not to impose an aggregate quota on trading via the Shenzhen-Hong Kong stock exchange link, according to two people familiar with the matter. Daily trading will still be subject to a cap, the people said. Officials are also considering removing the overall limit for equity trades through Hong Kong’s existing link with Shanghai, one ...

  Bloomberg Indonesia’s tax amnesty could boost industrywide car sales in the country by a fifth as people spend their newly declared wealth on big-ticket items, according to the local unit of Honda Motor Co. “The car ownership ratio in Indonesia is relatively low and there’s enough room for producers to sell more,” Jonfis Fandy, head of sales and marketing ...

  Bloomberg Indonesia will cap Wednesday’s Independence Day celebrations by scuttling as many as 71 impounded foreign vessels —mostly Vietnamese but also a handful of Chinese —to signal its determination to protect its sovereignty over lucrative fishing grounds in the South China Sea. The destruction of the boats comes amid simmering regional tensions over territorial disputes in the water. Former ...

  DUBAI / WAM Dubai Financial Market (DFM) on Monday announced that its 47 UAE-listed companies showed a 100 percent compliance to disclose their Q2- 2016 results within the deadline of 45 days from the end of the quarter. In a statement, the DFM said it submitted a detailed report to the Securities and Commodities Authority (SCA) including the companies’ ...