ABU DHABI / Emirates Business Following a record-breaking year for hotel guests in Abu Dhabi, the emirate recorded impressive growth in the first two months of 2017, seeing a 5.5% rise in hotel guests. According to figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), 749,650 hotel guests have checked into the emirate’s 170 hotels and hotel ...
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Mohamed offers condolences on death of Fujairah’s Deputy Ruler
Fujairah /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered the condolences to HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah and HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, on the ...
Read More »DEWA institutionalises sustainable reading
Dubai /Â WAM The UAE in general, and Dubai in particular, is a global knowledge-based economy thanks to the vision of the wise leadership to spread a culture of reading in society, while establishing the UAE as a capital of content, culture and knowledge, promote Arabic as a language, and encourage reading. This is achieved by making books available to ...
Read More »Endangered sea turtles return home for nesting
Abu Dhabi / WAM The Environmental Services team at the Tourism Development and Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, concluded preparations on Saadiyat Island for the Hawksbill sea turtle nesting season. The critically endangered turtles are due to begin returning soon, and will be under the careful observation of TDIC’s experienced ...
Read More »Trump orders study of trade abuse contributing to deficits
Bloomberg President Donald Trump has ordered a comprehensive study to identify every form of “trade abuse†that contributes to US deficits with foreign countries. “The theft of American prosperity will end,†Trump said at an Oval Office ceremony announcing the study, along with another directive to step up enforcement of existing trade penalties. “Thousands of factories have been stolen ...
Read More »UK mergers at record high, IPOs at low as Brexit begins
Bloomberg It’s 2012 again for companies in the UK. The first quarter of this year was the busiest for mergers by volume and the slowest for initial public offerings since the same period in 2012, when Greece’s debt crisis weighed on investors and boards. This time round the UK is the center of attention. British Prime Minister Theresa May ...
Read More »US telecoms reap benefits as GOP scraps rules
Bloomberg Some of Washington’s most persistent lobbyists are racking up big wins, as regulators, members of Congress and even President Donald Trump embrace priorities expressed by the biggest communications companies. Broadcasters are near to gaining renewed freedom to grow through mergers, and telephone providers are poised to dodge rate caps. Each step reverses policies from the Obama era. “It’s ...
Read More »Turkey private consumption boosts GDP
Bloomberg Turkey’s economy grew at a faster pace than anticipated last quarter as households boosted spending, supporting activity following the failed military coup. Gross domestic product expanded 3.5 percent in the October-to-December period, faster than all estimates in a Bloomberg survey of economists, which saw an expansion of 1.9 percent. Seasonally adjusted output rose 3.8 percent from the previous ...
Read More »Modi’s aim to spread solar to poor nations wins IEA support
Bloomberg The International Energy Agency will help support Indian Prime Minister Narendra Modi’s goal to spread solar power to more developing nations, especially those clustered around the Equator. Fatih Birol, executive director of the Paris-based agency that oversees energy policy in industrial nations, said he’s working to encourage financial institutions to support Modi’s program, which was launched at United ...
Read More »China manufacturing gauge climbs to highest in almost five years
Bloomberg China’s official factory gauge climbed to the highest in almost five years, the latest evidence of increasing momentum in the world’s second-largest economy. The manufacturing purchasing managers index increased to 51.8 in March, compared with economist estimates that it would match the November reading of 51.7. The non-manufacturing PMI rose to a two-year high of 55.1 from 54.2 ...
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