Beijing / Bloomberg A Chinese bank head signalled confidence that the government will loosen requirements for lenders’ bad-debt provisions, a move that could help them to report larger profits. A reduction in the coverage ratio to about 120 percent to 130 percent of existing non-performing debt would be “reasonable” and “possible,” Wang Hongzhang, the chairman of China Construction Bank Corp., ...

  Bloomberg Scandinavia’s biggest bank said profit plunged 28 percent last quarter as revenue sank after negative rates and market selloffs created an inhospitable environment for the industry. Nordea Bank AB reported net income of 782 million euros ($884 million), missing the 792 million-euro estimate of analysts surveyed by Bloomberg. Net interest income slipped 7 percent while total operating income ...

  Sunaina Rana / Emirates Business Leather industry is one of the most expensive and luxurious industries and plays a significant role in the export earnings of many developing countries. Sighting the growth of the leather products demand in the GCC, Messe Frankfurt Middle East provided a platform to potential global leather traders to participate in B2B trade at the ...

  Ritika Sharma / Emirates Business Robotics is the latest marvel of technology that has invaded everything from agriculture, to transport and from medicine to education. They have seamlessly entered our roads, railway tracks, classrooms and even operation theaters. If this was not enough of progress, Japan has recently showed the way towards a digital picture where these steel machines ...

  Dubai / Emirates Business DAMAC pavillion at ATM is one of the most frequented arenas as company’s innovative AYKON City development is causing quite a stir by presenting the crowning glory of the project in the form of the emirate’s first-of-its-kind tourist attraction, AYKON Dare. Situated at the crown of the tallest tower in AYKON City, daredevils can venture ...

  Abu Dhabi / Emirates Business Ferrari World Abu Dhabi is showcasing five years of achievements at the Arabian Travel Market (ATM), taking place from April 25-28 at the Dubai World Trade Center (DWTC). At the event, the first Ferrari branded theme park is highlighting its impressive expansion project and evolutionary journey towards an all-new entertainment experience. Jesse Vargas, General ...

  DUBAI / Emirates Business Travelport, a leading Travel Commerce Platform, has signed an extended agreement with Al Tayyar Travel Group, the largest travel and tourism company in Saudi Arabia. The extended deal enhances the strategic co-operation between both companies and reaffirms Al Tayyar Travel Group’s commitment to expand their online business. To achieve this, Al Tayyar Travel Group will ...

  Dubai / Emirates Business Arabian Travel Market (ATM) 2016 is experiencing healthy visitor growth, with a 4 percent increase in the number of visitors through the doors over days one and two, compared to 2015. The trade event, which is taking place from April 25-28 at Dubai World Trade Centre, is well on track to welcome more 26,000 visitors ...

  DUBAI / Emirates Business Turkey has strengthened its status as a top holiday destination for the Middle East’s residents, over the course of 2015, visitor numbers from the region climbed tonearly three million, marking a significant increase from 2014. Visitor numbers from the UAE scaled up to 51,600 visitors – a near 19 percent increase from the 43,469 visitors ...

  Bloomberg The U.K. economy lost momentum in the first quarter as services posted their weakest performance for almost a year and industrial production continued to decline. Economic growth slowed to 0.4 percent from 0.6 percent in the final three months of 2015, as forecast in a Bloomberg survey of economists. The estimate, published by the Office for National Statistics ...