News

  Abu Dhabi / Emirates Business Tadweer (the Center of Waste Management — Abu Dhabi), spared no effort to provide support and assistance for all the events and occasions that aim to educate communities on the importance of preserving the environment. These events provide a platform to connect with the communities to encourage them to exercise and adopt a proper ...

  Saudi Arabia / EMIRATES BUSINESS KSA is the largest economy within the GCC and home to some of the most prominent companies in the region. However, the country’s economy is undergoing a transition to keep up with the challenging global macro-economic environment, as well as to meet the government’s Vision-2030 strategy. A recent study, estimates that Saudi Arabia’s ICT ...

  Sydney / AFP Australia’s conservative government is pledging to drive economic and jobs growth when it hands down its budget on Tuesday, with an eye firmly on upcoming national elections that are shaping up to be a tight race. The budget is seen as a key test for Prime Minister Malcolm Turnbull, a former investment banker who ousted his ...

  Beijing / AFP China’s economic recovery stabilised in April, an official factory activity gauge showed on Sunday, as the property market recovered and credit grew. The Purchasing Manager’s Index (PMI), tracking activity in factories and workshops, rose for the second successive month, the National Bureau of Statistics said. The figure was 50.1 compared to 50.2 in March. But any ...

  TOKYO / AFP Japan’s finance minister said the recent sharp rise in the yen is “extremely worrying”, adding Tokyo will take action when necessary. The remarks, which suggest Tokyo’s possible market intervention, came after the Japanese unit surged to an 18-month high against the dollar in New York Friday. It extended the previous day’s rally, which was boosted by ...

  Mumbai / Bloomberg Vodafone Group Plc has chosen banks to arrange a listing of its India business, which could raise as much as $3 billion and become the nation’s largest initial public offering, reports said. The Newbury, England-based company picked Bank of America Corp., Kotak Mahindra Bank Ltd. and UBS Group AG to lead the offering, which could take ...

  Jakarta / AFP Indonesia is pushing to ban new palm oil operations after last year’s haze-belching forest fires were partly blamed on the industry’s expansion, but producers are warning the move could hit the economy and green groups are sceptical. President Joko Widodo in April proposed a halt on granting new land for palm oil plantations in the world’s ...

  Paris / AFP Turkish police used tear gas and water cannon against May Day protesters on Sunday while France was on high alert for more violent protests against labour reforms during the annual celebration of worker’s rights. From Moscow to Marseille, rallies were held in cities across the globe to celebrate Labour Day as the working classes battle economic ...

  Paris / AFP The orginal artwork for the last two pages of the Tintin comic book “King Ottokar’s Sceptre” sold for a total of €1.046 million ($1.2 million) at auction on Saturday in Paris. “This is only the second time a Tintin plate has exceeded a million euros,” Eric Leroy, comic book expert at French auction house Artcurial, said. ...

  Lisbon / AFP Portugal kept its much-needed access to EU financial help after an European Central Bank-approved credit agency maintained its rating of Portuguese debt at investment grade level. Toronto-based DBRS announced it had kept Portugal’s rating at “BBB” level, with a “stable” perspective. “The rating reflects Portugal’s eurozone membership, favourable public debt maturity structure, and reduced vulnerabilities, following ...