News

  Bloomberg Genetically- modified mustard may be a step closer to becoming the first food crop in India to be approved for commercial production after a panel of scientists said it poses no risk to humans. The oilseed “does not raise any public health or safety concerns on human beings and animals with respect to overall nutritional characteristics,” the panel ...

  Bloomberg China National Chemical Corp. has secured commitments from lenders on a $12.7 billion loan for its purchase of Swiss pesticides producer Syngenta AG, people familiar with the matter said. The Beijing-based company, known as ChemChina, attracted 17 banks for the financing, according to the people, who aren’t authorized to speak publicly and asked not to be identified. The ...

  Bloomberg India’s top iron ore miner is feeling the squeeze despite a global rally in the price of the steel-making material. NMDC Ltd. has cut prices about 6 percent in 2016 even as iron ore climbed 36 percent internationally. Challenges include record domestic supplies, moderating local steel demand and transport costs on India’s clogged railway. “Transport costs are prohibitive,” ...

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said that the UAE has become a focal point for a cultural movement in the Arab region, thanks to the spread of world-class cultural, artistic and creative centres in the state that provides good environment for talented people. He ...

  Dubai / Emirates Business The Dubai Business Women Council (DBWC), the official representative organisation for professional business women and entrepreneurs working in Dubai, on Monday hosted over 70 European Union delegates from six countries at Dubai Chamber of Commerce and Industry as part of a five-day trade mission to explore mutual co-operation, knowledge sharing and business opportunities. The EU ...

Dubai / WAM Dubai Municipality (DM) for the first time in the Middle East, launched a robot as a rescuer on public beaches for the security and safety of beach-goers in the emirate of Dubai. Alya Al Harmoudi, Director of the Environment Department at DM, said, “The move is also in response to Dubai government directives to keep up with the ...

  Sharjah / WAM The Sharjah Airport International Free Zone (SAIF Zone) recently participated in a business event entitled, ‘International Business Forum – Expanding Business Globally’, which was organised by the Board of Investment of Sri Lanka, BoI, and Federation of Chambers of Commerce and Industry of Sri Lanka, FCCISL, in Colombo. Speaking at the forum, Saud Salim Al Mazrouei, Director ...

  Abu Dhabi / WAM The Abu Dhabi Investment Authority (ADIA) said on Monday that it has appointed Steven Dalzell as Head of Transition Management at its Central Dealing Department (CDD) with immediate effect. Based in Abu Dhabi, Dalzell will lead the centralised team with responsibility for managing and implementing multi-asset class portfolio transitions, including pre-trade analysis, project planning, implementation and ...

  Dubai / Emirates Business Mohammed bin Rashid Space Centre (MBRSC) — the entity delegated to design, implement and supervise all the phases of the Emirates Mars Mission- Hope, under the supervision of the UAE Space Agency- has announced the launch of the Explore Mars Poster Competition, in which participants will submit scientific research on the Red Planet. The competition ...

  Abu Dhabi / WAM The United Arab Emirates and the Kingdom of Denmark have signed an open skies agreement. The agreement was signed today by Director-General of the General Civil Aviation Authority (GCAA) Saif Mohammed Al Suwaidi and the Ambassador of Denmark to the UAE, Merete Juhl. Al Suwaidi said the agreement allows for an unlimited number of their designated ...