News

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is focusing on ambitious new initiatives to boost the Meetings, Incentives, Conference & Exhibition (MICE) tourism sector of the Emirate with a specialised study aimed at strengthening the sector’s role in attracting more tourists to Sharjah to reflect positively on the emirate’s economic performance. The study also seeks ...

  Dubai / Emirates Business As the regional construction industry prepares for the implementation of the new Dubai Civil Defence laws governing the health and safety of building façade materials, details around a dedicated three-day trade show for the windows, doors and façades industry have been announced. Windows, Doors and Façades Event, organised by dmg events Middle East, Asia and ...

  Emirates Business The Telecommunications Regulatory Authority (TRA) is discussing plans to allocate new bandwidth frequencies compatible with 5th generation mobile networks, enable airlines to provide high-speed broadband Internet connection during flights at lower costs, and develop a global maritime distress system. These initiatives were revealed during its participation at a recently-held seminar organized by the International Telecommunications Union (ITU) ...

  Sharjah / Emirates Business Sharjah Book Authority (SBA) has won the Transform Awards Middle East and North Africa (Transform MENA Awards 2016) for its creative branding and rebranding. The new accolade, which can be added to the authority’s existing long list of achievements, comes just two weeks after it was awarded Al Owais Creative Award for Cultural Personality of ...

  Reuters Qatar will reduce its condensate exports by a third in January 2017 when a new splitter at its Ras Laffan refinery starts operating, a Qatar Gas official said. “Qatar is exporting around 30 cargoes (of condensate) a month. This will be reduced by 10 cargoes a month starting January,” said the official, who declined to be named saying ...

  Tribune news service A 35 percent increase in customer complaints against banks has been witnessed in Bahrain over the past three years, it has emerged. The Central Bank of Bahrain has received an average of 31 such complaints every month this year, compared with 28 last year, 26 in 2014 and 23 in 2013. Four complaints last month were ...

  Tribune news service Bahrain’s decade-long national award for women empowerment has received global recognition. The new award is named after Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, wife of His Majesty King Hamad and Supreme Council for Women (SCW) president, and will now come under UN Women. The council has been tasked by UN Women to come ...

  Emirates Business CFA Society Emirates, the association for financial and investment professionals in the UAE, has unveiled the results of a survey which assessed the impact of introducing Value Added Tax (VAT) across the GCC. The survey provided market insights from CFA members and charterholders in the United Arab Emirates. With the UAE set to become the first country ...

  Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

  New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...