Dubai / WAM A roundtable in Malta has provided Dubai Islamic Economy Development Centre (DIEDC), an opportunity to expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations. The participants also discussed Malta’s potential to become a key Islamic finance hub in Europe, considering the presence of ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA), has dismissed as fake news the rumours circulating on social media about yesterday’s plane crash in Dubai, ensuring that this news is misleading and untrue. The Authority stressed that it is the sole authenticated source of information related to aviation sector in the country. This came in a statement issued ...

GUANGZHOU / WAM Borouge announced that it will significantly increase production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. The company’s decision to expand capacity of PE black product follows soon after China’s Water Standards Committee revised the PE water pipe standards, to promote the use ...

Abu Dhabi / WAM Dr Nadia Bastaki, the first Emirati woman to be registered as a specialist in aviation medicine, has achieved her lifelong ambition and has become involved in the UAE space programme, conducting medical tests for UAE astronauts. “In partnership with the Mohammed bin Rashid Space Centre, I have participated in conducting medical tests for the team chosen ...

Bloomberg Centrica Plc kept its full-year outlook and said the rate of customers leaving the UK’s biggest energy supplier is slowing. Shares rose the most since September. The utility still sees adjusted operating cash flow for the full year of between 1.8 billion pounds ($1.38 billion) and 2 billion pounds, it said in a trading statement. Centrica lost 234,000 energy ...

Bloomberg Xinyi Energy Holdings Ltd., a Chinese solar farm operator, raised $465 million after pricing its Hong Kong initial public offering near the bottom of a marketed range, people with knowledge of the matter said. The unit of Xinyi Solar Holdings Ltd. sold 1.88 billion shares at HK$1.94 apiece, the people said, asking not to be identified because the information ...

Bloomberg Commercial property deals in Asia had a poor start to the year, but there was one bright spot: Singapore. Commercial property transactions in the city-state jumped 72% year-on-year to $1.9 billion in the quarter ended on March 31, boosted by deals in the office, retail and industrial sectors, according to a report by New York-based Real Capital Analytics Inc. ...

Bloomberg It’s increasingly unlikely that American farmers will fully regain their share of the lucrative Chinese soybean market, a US industry group said. US exports of the oilseed to the biggest importing nation have plunged in the year since the world’s two largest economies begin tit-for-tat tariffs. “The longer we are out of the China market, the likelihood is that ...

Bloomberg India, Japan and Sri Lanka are weighing the development of a terminal at the bustling port of Colombo in a country that’s seen ongoing political controversies related to investments from China’s Belt and Road initiative. The three countries are set to sign a memorandum of understanding in the coming months to build out the east container terminal at the ...

Bloomberg Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8 percent from a year ago, down from a revised 3.6 percent in the fourth quarter, the National Economic and Social Development Council said. That’s the slowest pace since the end of ...