ABU DHABI / WAM Etihad Airways Engineering, the Middle East’s aviation maintenance, repair and overhaul (MRO) provider, will be the host sponsor of MRO Network’s upcoming Airline Engineering & Maintenance: Middle East conference, taking place in Abu Dhabi on April 26-27. Exploring MRO growth is at the heart of the discussions at this conference which has a 20-year history of ...

ABU DHABI / WAM The National Centre for Meteorology and Seismology (NCMS) has urged motorists to exercise caution, reduce the speed and leave enough distance between vehicles because of imminent dust storm. The statement called on seafarers not to go to sea due to rough seas in the Arabian Gulf, stressing the need for periodic follow-up of weather reports through ...

Dubai / Emirates Business Links Group, one of the UAE’s leading providers of commercial facilitation and advisory services, on March 21 was awarded the ‘Best Small Business’ accolade at the inaugural FinanceME Business Vision Awards for its continuous development as a top performing SME. Links Group received the accolade from Robin Amlot, CEO of CPI Financial and Georgina Enzer, Managing ...

TOKYO / Bloomberg The best way to boost the economy is to quickly implement the existing budget for the next fiscal year, Prime Minister Shinzo Abe said on Tuesday, rejecting speculation he would announce a supplementary spending package. Speaking after the parliament passed a record 96.7 trillion yen ($850 billion) in outlays for the 12 months starting April 1, Abe ...

Manila / AFP Two Chinese men were responsible for moving $81 million stolen by hackers from Bangladesh’s foreign reserves into Philippine casinos, an inquiry in Manila heard on Tuesday. Following the heist, the millions stolen from the Bangladesh central bank’s American accounts on February 5 were immediately sent via electronic transfer to a Philippine bank. The dollar accounts where the ...

Dhaka / DPA Exports of raw jute from Bangladesh will reopen next week as the government on Monday lifted the ban on shipments four months after imposing it. The Ministry of Textiles and Jute issued a notice announcing the withdrawal of the ban to be effective from April 3. The lifting of the ban came amid pleas from raw jute ...

NEW DELHI / Reuters India’s Supreme Court has asked the markets regulator to start the process of selling some of embattled conglomerate Sahara’s real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday. Sahara, a household name in India as the former main sponsor of the national cricket team, has major ...

New Delhi / Bloomberg India extended a tax on wheat imports by three months to protect farmers in the world’s second-largest grower from cheap overseas supplies. The 25 percent duty will stay until June 30, the Finance Ministry said in a notification dated March 28 on its website. India first imposed a 10 percent duty on imports in August and ...

Bloomberg The Bank of England recommended tighter lending criteria for buy-to-let mortgages and said it continues to look for signs that risks are accelerating. The Prudential Regulation Authority — the U.K.’s main banking supervisor and part of the central bank — published guidelines on Tuesday that aim to guard against a loosening of underwriting standards and bring all lenders into ...

London / Reuters Sterling climbed on Tuesday as European investors returned to work from the Easter break, up around 0.6 percent on a trade-weighted basis since the market close last Thursday, as nerves over a possible British exit from the EU quietened somewhat. The pound had hit a two-year low last week against the Bank of England’s trade-weighted basket of ...