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Mohamed, Putin discuss host of issues

  MOSCOW / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at Kremlin on ...

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Dubai Tourism to promote emirate’s offerings at ATM

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), together with over 90 representatives from private and public sector entities, will be taking part at this year’s Arabian Travel Market (ATM) being held in Dubai from 24-27 April, 2017 at the Dubai International Convention and Exhibitions Centre. As one of the exhibition’s official partners, Dubai ...

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Tillerson faults Iran nuclear pact as US plans new review

  Bloomberg US Secretary of State Rex Tillerson tore into a 2015 nuclear deal with Iran, saying it only delayed the country’s ambition to gain weapons of mass destruction and didn’t take into account its role in sponsoring terrorism and destabilizing other countries. “This deal represents the same failed approach of the past,” Tillerson said at a hastily arranged press ...

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India’s ‘electrification Corp’ to lend $1.5bn for clean energy

  Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...

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Japanese exports surge to end Q1 on strong note

  Bloomberg Japanese exports grew at the fastest rate in more than two years in March, supporting a moderate economic recovery in the face of weak domestic demand. Exports rose 12 percent from a year earlier (median estimate +6.2 percent), according to data released by the Ministry of Finance. Imports jumped 15.8 percent (median estimate 10 percent), the biggest gain ...

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China carmaker SAIC puts US export plan on hold

  Bloomberg SAIC Motor Corp., China’s biggest carmaker by sales, has halted a plan to export its own branded vehicles to the US until it gets more clarity on Sino-US trade policy under President Donald Trump. SAIC Motor, which has joint ventures with General Motors Co. and Volkswagen AG in China, has been exporting locally-made Buick Envision sport utility vehicles ...

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Tencent’s WeChat abolishes tipping feature on iPhones

  Bloomberg Tencent Holdings Ltd. is shutting down a popular feature on WeChat that allows iPhone users to tip emoji and content creators to comply with Apple Inc.’s policy on in-app purchases. After months of negotiations, Tencent said on its official WeChat account it “regrettably” had to abolish the feature on the instant message service to comply with new terms ...

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US Steel Corp seeks to push for China trade probe

  Bloomberg US Steel Corp. will ask a trade agency on Thursday to investigate its claims that rival Chinese manufacturers colluded to fix prices to undercut competitors in the American market on the same day President Donald Trump will order a separate Commerce Department probe of steel imports. Trump will sign a memorandum authorizing a probe under section 232 of ...

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Nestle, Unilever price rises spur food industry optimism

  Bloomberg Nestle SA and Unilever reported sales that beat estimates as the European food giants pushed through higher prices to combat slowing consumption in most parts of the world. KitKat maker Nestle said organic revenue rose 2.3 percent in the first quarter, compared with the 2 percent median estimate. Unilever’s sales growth of 2.9 percent exceeded analyst predictions of ...

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Sultan Al Qasimi opens region’s largest children’s reading event

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday opened the ninth Sharjah Children’s Reading Festival, SCRF 2017, the region’s largest children’s reading event, at Expo Centre Sharjah. Running until April 29, this year’s festival has the theme ‘Discover Beyond’ and features 2,093 cultural, artistic and entertainment activities, ...

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