Uncategorized

  AFP Chinese growth stabilised in the third quarter, data showed on Wednesday, as ample credit and hot property markets propped up the world’s second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy ...

  Bloomberg Liberty House Group is among bidders to have submitted an offer for the steel and iron ore assets of Australia’s Arrium Ltd., according to people with knowledge of the process. The London-based steelmaker and metals trader made a non-binding proposal, the people said, requesting anonymity as the details are private. Liberty House faces competition, including from private equity ...

  AFP Canadian food exporters at a major trade fair in Paris fear a last minute dispute will spoil a free trade deal between Canada and the European Union. Having taken years to negotiate, some producers voiced impatience for the deal to now be finally sealed; others simply fail to see why anyone would reject it. Barring a few sensitive ...

  Bloomberg The world’s largest publicly listed oil company says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil Corp., presented an upbeat view of how technology will allow companies to pump more, preventing ...

Las Vegas / AFP Democrat Hillary Clinton and rival Donald Trump wade into their last presidential debate on Wednesday with the Republican candidate spiraling downward in the polls amid allegations of sexual misconduct and wild charges of a “rigged” US election. With less than three weeks to go before Americans cast ballots November 8, polls showed Clinton widening her lead ...

  Dubai / WAM The Jebel Ali Free Zone (Jafza) is showcasing an integrated package of services and smart new solutions for customers and companies during GITEX Technology Week 2016. In line with the vision of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to transform Dubai into a Smart City, Jafza ...

  Dubai / Emirates Business The Centre for Regulation of Transport By Hire Cars in Abu Dhabi – TransAD, has officially announced its partnership with Telematics Networking & Communications LLC, in its rollout of Smart Wi-Fi across its entire fleet of taxi’s in the Emirate of Abu Dhabi. Passengers riding TransAD’s fleet of taxis in Abu Dhabi will enjoy a ...

  QUITO / WAM The 193 countries of the United Nations, represented by over 30,000 delegates, on Monday night adopted a milestone new approach to sustainable urban development, with prominent assistance from the United Arab Emirates. Cities now represent around 80% of global GDP, and by 2050 are expected to grow in population from 3.9 billion in 2014 to 6.3 billion ...

  Dubai / WAM Dubai has achieved the rank 16 place out of the 28 peer global cities which are currently considered the most prominent players in the field of innovation and creativity, registering an innovation rate of 39.14%. Dubai has also progressed to 11th place in the world for efficiency in innovation outputs, according to Dubai Chamber’s Innovation Index. The ...

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is preparing for a roadshow in India, covering the four major areas of Mumbai, Delhi, Chandigarh, and Bangalore, on October 17-21. The SCTDA delegation to the India includes representatives from Sheraton Hotel Resort, Ramada Hotel, Golden Tulip Hotel, Marbella Resort, Hotel Holiday International, Oceanic Hotel – KF, SATA ...