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DEWA concludes partner participation in GWF

DUBAI / WAM Dubai Electricity and Water Authority (DEWA), has concluded its participation as the main partner in the Global Woman’s Forum Dubai, organised by Dubai Women Establishment (DWE), and the Women’s Forum for the Economy and Society. The forum was held for the first time in the region, under the patronage of Vice President and Prime Minister and Ruler ...

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China stocks tumble as money rates rise

Beijing / Bloomberg China’s stocks slumped by the most in a month after money-market rates jumped. The Australian dollar fell on concern investment is weakening while oil resumed declines and gold advanced. The MSCI Asia Pacific Index of shares halted two days of losses, while China’s equities slumped as concern increased that recent gains were overdone relative to the outlook ...

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ENEC showcases corporate excellence initiatives

Abu Dhabi / Emirates Business As part of the Knowledge Forums that were launched in 2014, the Emirates Nuclear Energy Corporation (ENEC) in coordination with the Office of the Abu Dhabi Excellence Program at the Secretariat of the Executive Council (GSEC), showcased its government excellence experience, initiatives and projects at the forum which was held at Dusit Thani hotel in ...

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IT alert: Locky on prowl in UAE

ALKESH SHARMA / EMIRATES BUSINESS Information technology networks in the country now have a new bug to fight. The malware which is already spreading havoc in the American and European corporate world is posing serious threats to companies in the UAE and Middle East. Industry experts have sounded an alert against ‘Locky’ — as it is named — which is capable ...

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ADIPEC 2016 to focus on energy efficiency

ABU DHABi / WAM Under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, Abu Dhabi will play host to the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) from November 7 to 10 at the Abu Dhabi National Exhibition Centre. Driving efficiency in the energy sector will form the cornerstone of ADIPEC 2016, ...

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Australia unveils ‘massive’ increase in defence spending

Sydney / AFP Australia unveiled a massive new investment in the nation’s defence capabilities on Thursday to address what Prime Minister Malcolm Turnbull called “high stakes” and “momentous times” in Asia. Citing increased defence spending around the region and potential flashpoints in the South China Sea and the Korean peninsula, he said the government was committed to combating the most ...

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NATO tackles Greek-Turkey rifts on ‘Aegean mission’

Brussels / AFP NATO on Thursday overcame sharp differences between long-time rivals Greece and Turkey to finalise an unprecedented mission to tackle migrant smugglers in the Aegean Sea. US-led NATO launched the operation two weeks ago, aiming to help the EU cope with its worst migrant crisis since World War II, but longstanding disputes between Athens and Ankara over Aegean ...

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Rubio supporters grow restive as USA primary debate looms

Bloomberg With no wins to show after the first four contests in the Republican presidential primary, Marco Rubio’s supporters are growing nervous that their candidate’s chances of becoming the party’s nominee may already be slipping way. “He’s got to do something, he’s got to stir up the mix a bit,” said Steve Hosheinz, a 55-year-old accountant from Houston who was ...

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Air New Zealand first-half profit soars as expansion pays

Wellington / Bloomberg Air New Zealand more than doubled first-half profit and said it expects full-year earnings to surge at least 70 percent as lower fuel prices and growing passenger numbers boost revenue. Net income jumped 154 percent to NZ$338 million ($225 million) in the six months to December 31, the Auckland-based airline said Thursday. Pretax earnings climbed to NZ$457 ...

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New members of ADEC sworn in

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, who is also the Chairman of the Abu Dhabi Executive Council (ADEC), has stressed that upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the UAE entered into a new phase of ...

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