News

  London / AFP Retail sales surprisingly recovered in Britain during July as warmer weather offset widespread economic uncertainty triggered by the country’s vote to exit the European Union, a survey revealed on Tuesday. A joint survey by the British Retail Consortium (BRC) and financial group KPMG showed retail sales grew by 1.1 percent in July compared with a year ...

  Dubai / WAM Emirates Airline, voted the World’s Best Airline 2016 at the Skytrax World Airline Awards, announced on Tuesday that it will operate its flagship A380 on services between Dubai and Guangzhou from 1st October 2016, the 67th National Day of People’s Republic of China. This follows the airline’s recent announcements of A380 deployment on its Milan and Johannesburg ...

  Dubai / WAM Dubai private sector companies signalled a positive start to the third quarter of 2016, with overall business conditions improving at the fastest pace since March 2015. This was highlighted by a rise in the headline seasonally adjusted Emirates NBD Dubai Economy Tracker Index from 54.6 in June to 55.9 in July. The index – a composite indicator ...

  Abu Dhabi / WAM Abu Dhabi Ports on Tuesday announced the arrival of the first container of Morgan Advanced Materials (Morgan), a world leader in advanced materials, at Khalifa Industrial Zone Abu Dhabi (Kizad). Abu Dhabi Ports ensured timely handling of the first shipment, which contained critical equipment for Morgan’s dedicated 37,000 square meter advanced materials facility in Kizad’s Free ...

  Dubai / WAM Dubai Chamber of Commerce and Industry is organising the Global Business Forum on Latin America, which will be held at Atlantis the Palm hotel in Dubai from November 9-10, under the theme of “Shifting Synergies”. The forum is under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

  Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of the Dubai Women Establishment (DWE) and wife of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has directed the establishment of a committee to review the maternity law to provide women with ...

  AFP China’s producer prices fell at their slowest rate in nearly two years in July, the government said, a sign of improving conditions in the world’s second largest economy. The producer price index (PPI), which measures the cost of goods at the factory gate, fell 1.7 percent year-on-year last month, the National Bureau of Statistics (NBS) said, as a ...

  Tokyo / AFP India’s love for fried food could help curb its crude oil imports. The nation of 1.3 billion people can make at least 2 million tons of biodiesel annually by processing used cooking oil from restaurant chains, said Ramakrishna Y.B., the head of an Indian government panel that’s looking at the potential for fuels derived from plants. ...

  TOKYO / AP China’s passenger-vehicle sales accelerated the most in 17 months, as General Motors Co. and Guangzhou Automobile Group Co. boosted deliveries and dealers offering discounts helped clear inventories in the world’s biggest auto market. Retail sales of cars, sport utility and multipurpose vehicles climbed 23 percent to 1.6 million units in July, the biggest monthly percentage gain ...

  Bloomberg McDonald’s Holdings Co. Japan posted a profit in the second quarter, ending a streak of seven consecutive losses by attracting more customers with promotional menus as it sought to rebuild its image after a series of food scandals. Net income was 300 million yen ($2.9 million) in the three months ended June, based on first-half results the company ...