Uncategorized

Syria rebels suspend talks over alleged ceasefire violations

  BEIRUT / ap Syrian government forces pressed ahead with their offensive in the water-rich Barada Valley northwest of Damascus on Tuesday as 10 rebel groups said they were suspending talks about planned peace negotiations because of what they describe as ongoing government violations of a cease-fire deal. The cease-fire, brokered by Russia and Turkey, is meant to be followed ...

Read More »

Singapore GDP growth surges to three-year high

  Bloomberg Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. Gross domestic product rose an annualized 9.1 percent in the three months to December from the previous quarter, when it declined a revised 1.9 percent, the trade ministry said in a statement on Tuesday. The median estimate of ...

Read More »

China’s factories, services cap year of gains as prices move upwards

  Bloomberg China’s factories and services both closed out 2016 on relatively robust notes that signal growth is strong enough for policy makers to keep pushing for economic reforms in 2017. The manufacturing purchasing managers index stabilized near a post-2012 high in December, edging down to 51.4 from 51.7 the prior month. The non-manufacturing PMI slipped to 54.5 from a ...

Read More »

German inflation jumps to fastest since ‘13 on oil prices

  Bloomberg The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressures in the months ahead. Consumer prices rose 1.7 percent from a year ago, recording the biggest jump on record, the Federal Statistics Office in Wiesbaden said on Tuesday. Economists surveyed by ...

Read More »

Pound drop boosts UK manufacturing, pushes up factories’ costs

    Bloomberg UK manufacturing grew at the fastest pace in 2 and a 1/2 years in December, helped by the pound’s deprec- iation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum — dropping below the key 50 level in July — the IHS Markit Purchasing Managers Index has since ...

Read More »

VP launches Dubai Harbour project

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, announced the development of Dubai Harbour, a unique new waterfront destination that will feature the Middle East and North Africa (MENA) region’s largest marina. His Highness Sheikh Mohammed bin Rashid made the announcement in the presence of HH ...

Read More »

Trump presidency puts California lawmakers in defense mode

  SACRAMENTO / AP As California lawmakers return to Sacramento on Wednesday, liberal dreams of expanding safety-net benefits and providing health coverage to immigrants are giving way to a new vision revolving around a feverish push to protect gains racked up in the past. After years of pushing forward a progressive agenda, legislative Democrats will be pushing back against conservative ...

Read More »

MoE, Tatarstan president discuss ways to boost economic relations

  Abu Dhabi / Emirates Business HE Engineer Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Tatarstan President Rustam Minnikhanov to discuss ways to reinforce their bilateral economic and trade relations and opportunities for mutually beneficial investments. The meeting, which was held at Burj Al Arab Hotel in Dubai, was attended by HE Abdullah bin Ahmed Al Saleh, ...

Read More »

ADFF inspires 29,000 culinary enthusiasts

  Abu Dhabi / Emirates Business The Abu Dhabi Food Festival (ADFF) 2016 has successfully concluded, having welcomed more than 29,000 visitors and food lovers from the region, contributing to positioning Abu Dhabi as a global culinary hub. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the food festival, which ran from December 5-23 across the emirate, ...

Read More »
Send this to a friend