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Sobha unveiles new land plots for investors within Sobha Hartland

  Dubai / Emirates Business Sobha Group, one of the Middle East’s leading premium real estate developers, has unveiled new land plots for investors within Sobha Hartland – the only fully integrated freehold community on the Dubai Water Canal and in Mohammed Bin Rashid Al Maktoum City. To meet the interest generated from last week’s inauguration of the Dubai Water ...

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Dubai to host ‘timber legality and climate change forum’ in 2017

  Dubai / WAM Dubai WoodShow 2017, in association with the International Technical Tropical Timber Association (ATIBT), will organise the Timber Legality and Climate Change Forum in Dubai from March 4-6, 2017. The Dubai WoodShow, which is the biggest wood industry trade show in the Middle East, will be held from March 7-9, at the Dubai World Trade Center. The conference ...

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Sharjah eyes increased number of tourists from Saudi Arabia

  Sharjah / Emirates Business Encompassing stops in Al Khobar, Jeddah and Riyadh, the strong roadshow delegation led by Sharjah Commerce and Tourism Development Authority and comprising stakeholders from Sharjah which including representation from the airline, hotels, attractions and tour operators and who will highlight the emirates multi-faceted and expanding cultural family tourism proposition to Saudis major outbound travel trade ...

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Thailand’s economic growth slows in Q3

  Bangkok / AFP Thailand’s economic growth slowed in the third quarter, data showed on Monday, with fears of further pain to come in a nation plunged into mourning following the death of its long-serving King Bhumibol Adulyadej. High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia’s ...

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Nigeria growth shrinks 2.2% in third quarter

  Abuja / AFP Nigeria’s economy contracted in the third quarter as rebels continued to bomb oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24 percent year-on-year in real terms,” the country’s National Bureau of Statistics said in a report. This meant that ...

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Chinese president Xi talks trade with Peru

  Bloomberg China’s President Xi Jinping made a state visit on Monday to Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings. A day after taking part in the APEC Asia-Pacific trade summit, Xi made a formal visit to the host nation, a major mineral and food exporter. He was expected ...

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South Africa eyes rating cut, seeks to calm labour market

  Bloomberg South Africa’s proposals to stabilize the labor market by introducing a national minimum wage and curtailing strike action have received mixed reviews, just days before ratings companies are scheduled to decide whether to downgrade the nation’s credit rating. The country’s biggest labor union has dismissed the recommended minimum wage of 3,500 rand ($246) a month announced by Deputy ...

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Iran shipped ‘surplus’ heavy water to Oman: Report

  DUBAI / Reuters Iran has sent some ‘surplus’ heavy water to Oman, an Iranian nuclear spokesman was quoted as saying, after a UN atomic watchdog said Tehran was over a soft limit set under its nuclear deal with major powers. “In view of the progress of talks with several foreign firms and countries to purchase heavy water, some quantities ...

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