Uncategorized

ABU DHABI / Agencies The total value of Abu Dhabi’s trade in pearl, gemstones and precious metals amounted to AED4.7 billion during the Q1 of 2017 from AED3.3 billion during the corresponding period last year, a growth of 42.4 percent, according to figures released by Abu Dhabi Statistics. The growth is driven by entrepot, including the non- oil commodities coming ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) has become the first company in the Middle East and Asia Pacific regions to go live with its Exhibitor Service Centre (ESC), an online platform for all exhibitors to order and pay for all ADNEC’s services for events. Launched as part of SMART ADNEC E-Services, the portal is accessible ...

Abu Dhabi / WAM The National Media Council (NMC), completed its preparations for the UAE Pavilion at Expo 2017 Astana, set to be held in Kazakhstan’s capital from June 10 to September 10, under the theme, ‘Future Energy’. Built, managed, and supervised by the NMC, the UAE Pavilion sheds light on the country’s experience in shaping the future of the ...

Dubai / WAM On the occasion of World Environment Day, Emirates is showcasing an environmentally friendly aircraft cleaning technique that has enabled the airline to save millions of litres of water every year. The ‘aircraft drywash’ technique, uses little or no water in cleaning the aircraft, which is in contrast to conventional methods which typically use thousands of litres of ...

Bloomberg Seven people were killed in an attack on a popular London nightlife spot as terrorism struck Britain for the second time in as many weeks, just days before a national election. A van swerved into Saturday-night crowds on London Bridge, before three men got out and went on a stabbing rampage through nearby bars. Metropolitan Police Commissioner Cressida Dick ...

Bloomberg China’s yuan policy has blindsided forecasters once again. The sudden surge in the last four days — for the onshore exchange rate, it’s been the steepest gain in more than four months — pushed the currency beyond levels predicted by even the most optimistic analysts. Market watchers were caught off guard earlier in the year as well, when the ...

Bloomberg Neuberger Berman Group LLC said China will be a “hot spot” for competition among global funds as the importance of the nation’s capital markets grows. The New York-based firm, which is planning to start a private fund in China, estimates as many as five global managers will set up such operations in China by the end of this year. ...

Bloomberg Reliance Communications Ltd.’s lenders have agreed to a seven-month moratorium on the debt payments of Indian billionaire Anil Ambani’s wireless business, which had its credit rating slashed in the past month. Creditors have given Reliance Communications, or Rcom, time until December to sell its towers to Canadian asset manager Brookfield Infrastructure Group and merge the wireless business with Aircel ...

Bloomberg As the European Union forges closer ties with China, the bloc is also moving to calm concern that Chinese exporters will destroy EU-based industries ranging from steel to solar. The EU will retain the scope to impose hefty levies against Chinese businesses that sell goods below cost in Europe under a planned tariff overhaul, according to Salvatore Cicu, an ...

Bloomberg Congressional Democrats might abandon their calls for raising the nation’s debt limit without any conditions, with House and Senate party leaders now discussing whether to use their leverage to try to prevent Republicans from enacting tax cuts for wealthy Americans. House Minority Leader Nancy Pelosi signaled the shift, telling reporters that “we’re not there to raise the debt ceiling ...