News

  Dubai / Gulf Time Jawhara Jewellery, the leading jewellery brand, has launched a fantastic discount campaign across all of its stores in the UAE, under the name of “Winter Sale”, through which 50% discounts will be offered on a selection of diamond and pearl jewelry. Discounts started in Abu Dhabi and Al Ain stores from November 25 to January ...

  Dubai / WAM In celebration of a “Creators Month”, Global Village has partnered with Bloom World Academy (BWA) for a Young Directors Award competition, which will give two young people the chance to win a life-changing scholarship for their entire schooling at BWA, the school that dares to do the things differently. The scholarships are worth over AED1 million. ...

  Sharjah / WAM The Xposure International Photography Festival is returning for its 7th edition, and it is set to be the biggest and best yet. Organised by the Sharjah Government Media Bureau, the festival will take place at the Expo Centre Sharjah from February 9-15, and features 74 world-renowned photographers and an impressive 1,794 prints on display. The agenda ...

  Bloomberg Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people ...

  Bloomberg China’s new regulation to increase scrutiny of companies’ foreign debt will become effective Feb. 10 in the market’s biggest overhaul since 2015. The effort will encompass debt instruments with tenors of over one year that are sold by Chinese firms or their controlled offshore entities, according to a Tuesday announcement on the National Development and Reform Commission’s website. ...

  Bloomberg Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter. The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till February 10 to negotiate broader ...

  Bloomberg Tokyo’s inflation outpaced forecasts to hit 4% for the first time since 1982, suggesting the underlying price trend is stronger than expected by economists, a factor that could further fuel speculation the Bank of Japan will adjust policy again. Consumer prices excluding fresh food climbed 4% in the capital in December as food and energy costs continued to ...

  Bloomberg Hong Kong’s property market is seeing more deals as buyers bet the border reopening with mainland China will help channel more capital into the city and stoke a recovery. The number of transactions in 35 major residential projects jumped to an eight-month high in the two weeks ended January 8, according to Midland Realty. That is an encouraging ...

  Dubai / WAM Emirates Global Aluminium (EGA) on Monday announced that the company recruited more than 220 UAE nationals in 2022, including 100 women. The average age of EGA’s new UAE national recruits was 23 years old. While EGA recruits mid-career experts, the company focuses on attracting and developing young people who are starting their careers as talent for ...

  Bloomberg Oil rallied at the start of the week on hopes of renewed Chinese crude buying and as the dollar extended its decline. West Texas Intermediate futures surged as much as 3.8% to move above $76 a barrel on Monday. China issued a fresh batch of crude oil import quotas in a sign that the world’s largest purchaser may ...