SHARJAH / WAM Sharjah Investment and Development Authority, Shurooq, has announced that progress on the second phase of the ‘Heart of Sharjah’ development, one of the largest heritage and tourism projects in the region, is right on schedule. The announcement from Shurooq coincides with the hosting of two major heritage events in Sharjah, the Sharjah Biennial 2017, which commenced ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibition Centre (ADNEC) hosted the gathering of the Elite Council, a community initiative launched by Abu Dhabi Health Services Company (SEHA) to implement mechanisms for sharing knowledge and experience towards achieving organisational excellence. Representatives of all 20 members of the Council attended the event. Comprising various government and private entities across ...

Abu Dhabi / WAM Abu Dhabi Media (ADM) announced the official launch of “Radio 1” and “Radio 2” stations, part of the Abu Dhabi Radio Network, bringing the total number of stations under its umbrella to eight. The new launch, which brings ADM’s number of brands up to 27, underscores the corporation’s plans to expand its English-language radio stations. The ...

  Abu Dhabi / Emirates Business As part of the Abu Dhabi Government’s on-going efforts to promote sustainable mobility and to meet the needs and aspirations of the public, the Department of Municipal Affairs and Transport (DMAT) implemented the “Park and Ride Service” for companies in the emirate of Abu Dhabi. Currently, as many as nine entities operate from Park ...

  Bloomberg If Marine Le Pen convinces France to embrace her anti-euro stance, Mario Draghi will likely be called on again to be savior of the single currency. The trouble is that this time he might not be willing, or able, to do whatever it takes. In fact, the European Central Bank president and his colleagues have given no signal ...

  Reuters Euro-area unemployment fell to the lowest in almost eight years and a measure of manufacturing accelerated as factories in the region’s biggest economies benefited from improving global growth. The average jobless rate declined to 9.5 percent in February from 9.6 percent in January. It’s been decreasing steadily from a peak of more than 12 percent in 2013 and ...

  Reuters BP Plc agreed to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, to Ineos AG for $250 million. Ineos will make a cash payment of $125 million on completion and transfer a share of future earnings up to $125 million over seven years, BP said in a statement ...

  Bloomberg General Motors Co. and Ford Motor Co. reported US sales that missed estimates as heavy incentive spending failed to keep struggling sedan and compact models from continuing their plunge. Deliveries rose 1.6 percent for GM and declined 7.2 percent for Ford last month, both trailing analysts’ projections, and Honda Motor Co. reported a surprise drop. Sales of the ...

  Bloomberg Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement ...

  Bloomberg Libya’s crude production rebounded to about 660,000 barrels a day as the OPEC nation’s biggest oil field resumed output after about a week of disruption. Force majeure on the Zawiya export terminal was lifted after pumping resumed at Sharara, the nation’s biggest oil field, Mustafa Sanalla, chairman of Libya’s state-run National Oil Corp., said on Monday by phone. ...