News

  Abu Dhabi / WAM International experts have shared their thoughts at a presentation on safety in nuclear energy, organised by the Emirates Nuclear Energy Corporation (ENEC). Naohiro Masuda, the President and Chief Decommissioning Officer of Fukushima Daiichi Decontamination and Decommissioning Engineering Company, and Tom Mitchell, former President and Chief Executive Officer of Ontario Power Generation, spoke on the subject in ...

  Abu Dhabi / WAM Etihad Cargo, the freight division of the national carrier Etihad Airways, expanded its Middle East network to Kuwait by adding an additional freighter and introduced a new twice weekly service into Muscat in Oman. The twice weekly A330 freighter service to Kuwait and the new operations on an A330 freighter to Muscat have commenced and are ...

  Abu Dhabi / WAM Fifty-five government entities that fund their operational and capital operations through the general budget of Abu Dhabi Government, represented by more than 750 employees and system users, participated in the third Abu Dhabi Enterprise Resource Planning System (ADERP) Users Forum, organised by the Department of Finance – Abu Dhabi (DoF). The event, organised in coordination with ...

  DUBAI / Emirates Business The Future of the UAE as a Global Tourism Hub was the headline session opener for the all-new Global Stage at Arabian Travel Market (ATM) 2016, as eight of the Emirate’s leading tourism and hospitality minds shared their experience and insight into opportunities for sustained future sector growth. Moderated by BBC World News anchor, Zeinab ...

  DUBAI / Emirates Business Tourism Malaysia’s Deputy Director General (International Promotion) Dato’ Hj. Azizan Noordin officially launched a new advertising campaign for the West Asian market on Tuesday during a press conference held in conjunction with the Arabian Travel Market (ATM) 2016. The new advertising campaign targets the West Asia, Iran, and North and South African markets in a ...

  Beijing / AFP Troubled Malaysian state investment fund 1MDB said on Tuesday it had defaulted on $1.75 billion in company bonds after missing an interest payment, heightening fears of a market-rattling bailout of the scandal-hit company. The fund, founded in 2009 by Prime Minister Najib Razak, is teetering on the brink of collapse amid multiple investigations around the world ...

  New Delhi / Bloomberg Maruti Suzuki India Ltd. shares rose after the automaker posted revenue that beat analyst estimates as it sold more of the new Baleno hatchback and automatic variants of some existing models. The shares gained as much as 4.1 percent, the most intraday since April 13, in Mumbai trading. Total revenue in the quarter through March ...

  TOKYO / AP Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991. President Tetsuro Aikawa told reporters on Tuesday the probe was ongoing, suggesting that more irregularities might be found. “We don’t know ...

  Seoul / AFP South Korea vowed on Tuesday to restructure the country’s once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo Shipbuilding and Marine, have racked up massive losses after slumping oil prices sapped demand for tankers and offshore drillers. The “Big Three” ...

  Abu Dhabi / EMIRATES BUSINESS Manazel Real Estate, a leading UAE developer, hosted its Annual General Meeting (AGM) to review the company’s financial performance for 2015 and provide an outlook for the year ahead. Manazel delivered strong growth in earnings with a 29 percent growth in net profit to AED195 million (it was AED152 million in 2014) driven by ...