News

  Sharjah / Emirates Business The Big Heart Foundation (TBHF) — a Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide — has donated US $150,000 (AED550,000) to support Rohingya refugees in Malaysia and displaced people in Iraq. Distributed by the United Nations High Commission for Refugees (UNHCR), the funds will be used to help overcome ...

    Dubai / Emirates Business dubizzle, the UAE’s leading classifieds platform, has announced user trends and behaviours on the motors section in Ramadan 2016, revealing an increase in demand for sports cars during this period. The holy month marks a major season for the automotive industry in the UAE with many residents buying new cars and selling current ones. ...

  Sharjah / Emirates Business ‘Lughati,’ the Sharjah-based initiative dedicated to supporting learning Arabic the smart way, has launched its first summer camp for students. Running from July 13 – August 17, the camp will host around 500 male and female students, with activities taking place at various locations across the emirate; including Sharjah Ladies Club, Sharjah Women Sports Department, ...

  Emirates Business SriLankan Airlines, the national carrier of Sri Lanka and a member airline of one world, has launched its Arabic website, providing its Middle Eastern travellers an enhanced and personalized browsing experience. The new site (http://www. srilankan.com/en_uk/ae) is equipped with advanced features to provide a hassle-free and comprehensive web experience, allowing the users the convenience of fulfilling travel ...

  Bloomberg KKR & Co and Aion Capital Partners, a private equity firm backed by Apollo Global Management LLC, are among investors considering buying stakes in beleaguered Indian steelmakers, people with knowledge of the matter said. KKR and Aion are weighing investments in companies including Uttam Galva Steels Ltd, backed by billionaire Lakshmi Mittal, and Bhushan Steel Ltd., the people ...

  Bloomberg Coal India Ltd, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which may boost demand for domestic coal, said Marketing Director SN Prasad. Thermal coal ...

  Bloomberg Samsung Electronics Co, the world’s largest maker of phones and memory chips, said it’s in talks with BYD Co. about investing in the Chinese electric-car manufacturer. Details including the size of the investment will be disclosed when they’re confirmed, Samsung said. The investment in BYD, backed by Warren Buffett’s Berkshire Hathaway Inc, would bolster Samsung’s semiconductor business for ...

  Bloomberg The yen slid against the dollar, heading for its biggest weekly drop since 1999, as investors awaited the details of Japanese Prime Minister Shinzo Abe’s recharged stimulus plans following his election victory. The currency slipped against most of its 16 major counterparts, falling after Ben S Bernanke, the former chairman of the Federal Reserve who met officials in ...

  Bloomberg Line Corp. surged 32 percent in its Japan trading debut after the messaging company raised more than $1 billion in the biggest technology initial public offering of the year. The shares rose to 4,345 yen in Tokyo from their IPO price of 3,300 yen, giving Line a valuation of 912 billion yen ($8.6 billion). About two-thirds of the ...

  Bloomberg Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and U.S. Treasuries ticked higher after Turkey’s army said it seized power and President Recep Tayyip Erdogan asserted that he remains in control. U.S. stock futures slipped. The lira lost 4.6 percent to 3.0157 per dollar in the biggest selloff since ...