News

  Bloomberg BHP Billiton Ltd, the world’s biggest mining company, forecast that iron ore production could be flat this fiscal year, while it sees petroleum output declining as much as 17 percent and the prices of its top earning materials remaining volatile. Capital spending on oil assets will plunge 44 percent to about US$1.4 billion in the year, after petroleum ...

  Bloomberg A crippling drought in Vietnam will probably cause the government to miss its 6.7 percent growth target this year, adding to pressure on new Prime Minister Nguyen Xuan Phuc as he seeks to reassure investors of his economic reforms. The economy will need to expand 7.6 percent in the second half of the year to achieve its full-year ...

  Bloomberg Japan’s largest mobile phone carriers are poised to report the highest quarterly profit in at least a decade, a rare bright spot as aggregate earnings at the nation’s largest companies slump under a stronger yen and weak consumer confidence. Operating income at the three largest carriers will probably rise 6 percent in aggregate to 858 billion yen (US$8 ...

  AFP Oil prices rose on bargain-buying in Asia on Wednesday after hitting two-month lows but gains were hobbled by concerns about an oversupply and weak demand after the IMF lowered its global economic growth forecasts. Investors are playing a holding game ahead of the release later in the day of official US stockpile figures, which will provide a better ...

  RITIKA SHARMA / Emirates Business National and international companies, with their operations in UAE, are doing their extra bit in enabling the country to exponentially grow in areas such as speed, connectivity and reliability. Helping the UAE to fast climb the ladder of digital transformation, corporates are investing huge money in infrastructure and global partnerships, thereby contributing towards a ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and drives its domestic and overseas promotions, gathered close to 100 tourism stakeholders for a destination workshop designed to increase collaboration and alignment of the emirate’s promotional activities. Hosted by the Rixos Bab Al Bahr, the five-star resort on the ...

  Emirates Business In collaboration with Najahi and Success Resources, the leading seminar organizer in the world, the Middle East is welcoming its first National Achievers Congress 2016 on the November 18 and 19 at Festival Arena Al Badia in Dubai. In its 23rd year, the renowned international congress brings together a line-up of outstanding global achievers and influencers to ...

  RITIKA SHARMA / Emirates Business The UAE, apart from being at the forefront of international level education, is also a mature market for online professional courses. At the pace with which the online education sector is growing in the region, experts predict that it will outpace the traditional training courses in coming years. One of the major reasons for ...

  RITIKA SHARMA / Emirates Business For a city to become ‘smart’ it is the construction and transport sectors that make a huge difference, regional experts say. Pointing towards the effective strategies that the UAE is following, industry leaders are applauding country’s efforts in development of the aforesaid sectors. The UAE is preparing to showcase the latest of technologies across ...

  Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is getting ready to accept a fresh batch of students to its yearly Tourism Youth Summer Programme, an ongoing project that aims to find and inspire the next generation of tourism professionals for Abu Dhabi. The three-week course will run from July 24 to August 11 and will ...