Bloomberg Alibaba Group Holding Ltd. is feeling the heat as China’s economy decelerates. China’s dominant e-commerce company will offer clues to the health of the nation’s middle-class, and how it’s navigating the slowdown, when it unveils earnings on January 30. While revenue is expected to have risen 44 percent during the December quarter, that’s its slowest pace of expansion since ...

DUBAI / WAM Abdul Rahman Mohammad Al Owais, Minister of Health and Prevention (MOHAP) met with Dr Tawfiq bin Fawzan Al Rabiah, Saudi’s Minister of Health, and Dr Basel Al-Sabah, Kuwaiti Minister of Health, and discussed ways of boosting cooperation in the health sector between the UAE, Saudi Arabia, and Kuwait. During the meeting, which was held on the sidelines ...

HADRAMAUT / WAM The Emirates Red Crescent (ERC) has completed the digging of six artesian wells, connected them to the main water line, installed pumping units and ran extensions to their targeted locations, to benefit regions and villages in the edge of Hadramaut Desert. The construction of the wells is part of a project launched by the ERC to provide ...

Bloomberg Saudi Arabian Oil Co is taking a nearly 20 percent stake in South Korean oil refiner Hyundai Oilbank Co for $1.6 billion (AED5.87 billion), tightening the grip of the world’s top crude exporter on the biggest oil consuming region. The Saudi state-owned giant, known as Aramco, is seeking to firm up its customer base and market share in Asia ...

Abu Dhabi / WAM Emirates Global Alumin-ium (EGA) announced that commissioning of its new Al Taweelah alumina refinery has entered its final stages. Commissioning is the detailed process of testing equipment and systems in a new plant before start-up. First production from Al Taweelah alumina refinery is expected during the first half of this year. EGA has begun hot water ...

Bloomberg Crude tumbled below $52 a barrel as disappointing corporate earnings forecasts in the US stoked concern about the global economy, weighing down a market already anxious about America’s oil boom. Futures in New York dropped as much as 3.5 percent, joining the slide in equities after chip-marker Nvidia Corp and heavy-equipment company Caterpillar Inc warned of slowing global growth. ...

Emirates Business Etisalat business and home subscribers will experience double broadband speed enabling them to implement and use advanced digital technologies in their homes and offices. The new speed upgrade is in line with Etisalat’s overall strategy of ‘driving the digital future to empower societies’ by actively initiating and implementing initiatives that will enable a digital economy and contribute towards ...

Dubai / WAM The Dubai Chamber of Commerce and Industry hosted a high-level delegation from Hamburg at its HQ where two sides agreed to explore pros-pects for cooperation in stra-tegic areas, including smart city solutions, autonomous transport and blockchain. Hamad Buamim, President and CEO of Dubai Chamber, stressed strong economic ties and synergies shared by Dubai and Hamburg as regional ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE’s ability to offer a conducive environment for investments from across the world combined with its strategic geographic location and easy access to emerging markets has cemented its position as a destination of choice for ...

Abu Dhabi / WAM Clergy of the Coptic Orthodox Church in the United Arab Emirates say they feel at home in a country that is characterised by religious tolerance, human fraternity and co-existence, compared with the violence and conflict seen elsewhere in the current global climate. The Egypt-based Coptic Church has eight churches in the UAE, in Abu Dhabi, Dubai, ...