News

  Bloomberg Brazil’s market for distressed consumer and small-business debt will increase about 9 percent this year as the nation’s worst recession in a century drives banks to sell assets, according to estimates by one of the biggest investors in the securities. Banks will unload portfolios of non-performing loans with a face value of about 25 billion reais ($7 billion) ...

  Bloomberg Environmental officials worked to contain a small sheen of oil on the Columbia River after a Union Pacific Corp. train carrying a load of Bakken crude derailed near Mosier, Oregon, according to the company. Access to the site remains limited as the train continues to cool off following a fire that broke out after Friday’s accident, the Federal ...

  AFP Mayra de Ramos stood in line all day to buy two packs of corn flour and pasta, but the Venezuelan grandmother says it won’t be enough. She lives with her three children and three young grandchildren in Catia, a downtrodden neighborhood in Caracas. “My refrigerator is bare,” the 64-year-old pensioner says, showing its empty shelves. “We don’t eat ...

  Sharjah / WAM Since its establishment of American University of Sharjah (AUS) has been envisaged as an institution of excellence designed to meet the present and future needs of society, said His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah, and President of AUS, at the AUS Spring 2016 graduation ceremony held on Saturday ...

  Geneva / WAM Saqr Ghobash, Minister of Human Resources and Emiratisation, discussed on Thursday with Sri Lankan State Minister of Labour and Trade Unions Relations, Hon. Ravindra Samaraweera, cooperation and ways to strengthen it, especially in the areas of labour. The two ministers met on the sidelines of the 105th session of the International Labour Conference currently being held in ...

  Dubai / WAM The Dubai Roads and Transport Authority (RTA) has recently opened three new rest stops for trucks at the highways in the Emirate of Dubai. The project, which was launched in 2014, is part of RTA’s plan to provide free lay-bys for trucks at highways. It also signals RTA’s keenness to realise the objectives of its strategic plan ...

Cairo / WAM Grand Imam Dr Ahmed Al-Tayeb of Al Azhar Al Sharif and Chairman of the Muslim Council of Elders, has praised the role played by the UAE and its leadership in supporting Al Azhar and its centrist message. Speaking at a press conference held here on Saturday to announce Al Azhar’s development strategy, Dr Al-Tayeb extended thanks to the ...

  Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM) started in the 2nd Quarter of 2016, the installation of 4, 366 lamp posts in Mohammed Bin Zayed City. The project is set for completion in the final quarter of 2017. This project is part of the overall objectives of both the Department of Municipal Affairs and Transport at the ...

  Dubai / WAM Habiba Al Marashi, Chairperson of Emirates Environmental Group confirmed that the group is moving ahead in implanting a culture of recycling in the UAE community to inculcate pro-environmental attitude and behaviour so that it becomes a part of their daily routine and personality. With the intention to expand its programmes the group aims to involve the various ...

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC) announced on Saturday the initiation of the formation of its operating subsidiary, Nawah Energy Company. A wholly-owned ENEC subsidiary, Nawah has been mandated to safely operate and maintain Units 1 to 4 in Barakah in adherence to the highest standards of safety, security, quality, and to the UAE’s commitment of ...