Dubai / WAM Guo You, Chairman of the Board of Supervisors of China Construction Bank (CCB), on Wednesday rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s leading banks, underlines the country’s growing financial activities in the ...

Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) revealed that the number of its registered members has reached a new record of 66,295, after registering 1,607 new companies in the first quarter of 2017. Total number of new and renewed memberships reached 16,799 by the end of the quarter, compared to 16,132 year-on-year, recording a growth rate of 4 ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), is leading the UAE’s official delegation participating in the World Summit on the Information Society (WSIS), in Geneva. The summit will formally begin at the International Telecommunication Union (ITU), Headquarters on June 12, and runs until June 16. Along with the TRA, the UAE side includes representatives from the Ministry of Education, ...

Abu Dhabi / Emirates Business American University in Dubai and Dormakaba came together to provide students with an opportunity to design lever handles so as to propose the best one for the mobility pavilion of Expo 2020. The spark to create this idea came from one of the AUD students Tania Mary George who collaborated with Simon Beckers of dormakaba ...

Bloomberg The Middle East’s largest ports banned entry to all vessels sailing to and from Qatar, deepening the economic isolation of the gas-rich Gulf state from its largest Arab neighbours. Maritime authorities in Saudi Arabia, the United Arab Emirates and Bahrain all said they had closed their berths to ships traveling in and out of Qatari ports. The impact was ...

Bloomberg In an eerily quiet nuclear reactor hall in southern Sweden, new copper and steel machinery stretching 50 meters and weighing hundreds of tons is just sitting idle. Bought from France and Germany as part of a $450 million upgrade at the now defunct Oskarshamn-2 facility, the turbines, steam pipes and feed-water pumps were supposed to help supply cheap electricity ...

Bloomberg Oil pared gains after the industry-funded American Petroleum Institute was said to report a jump in fuel stockpiles last week. API was said to report that US gasoline stockpiles rose by 4.08 million barrels last week, outweighing a 4.62 million-barrel drop in crude supplies. Distillate stocks incre- ased by 1.75 million barrels. A Bloomberg survey found that US crude ...

Bloomberg The governments of Germany, Denmark and Belgium backed a pledge to install 60 gigawatts of new offshore wind power next decade, more than fivefold existing capacity. Energy ministers from the three countries joined chief executives from 25 companies including Dong Energy A/S, the world’s biggest offshore wind developer, to issue a statement pledging to work together to increase investment ...

Bloomberg India’s bustling e-commerce transactions and a planned new national tax system that’s expected to boost freight movement are prompting Deutsche Post DHL Group to expand warehouse capacity in one of the world’s fastest growing major economies. “We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such ...

Bloomberg Sony Corp. shares are undervalued and could rise as much as 39 percent, Oasis Management’s Seth Fischer said at the Sohn Conference in Hong Kong. Sony has undergone a massive turnaround since Chief Executive Officer Kazuo Hirai took the helm in 2012, jettisoning unprofitable businesses such as its Vaio personal computer unit, the chief investment officer of the Hong ...