April, 2018

• 1 April

  Three-city roadshow to draw Chinese tourists to Abu Dhabi

  

  Abu Dhabi / Emirates Business A tourism delegation led by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) visited three major cities in China this month, to help raise awareness about the emirate as a holiday destination for Chinese travellers. The delegation, which included Etihad Airways, hotels, tour operators and attractions, visited capital city Beijing on ...

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• 1 April

  Dubai to host 69th FIABCI World Congress in April

  Dubai / WAM Dubai Land Department (DLD), on Sunday organised a press conference announcing hosting the 69th ‘FIABCI World Congress’ in Dubai, from April 27 to May 2, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. During the conference, DLD announced that the event is expected to ...

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• 1 April

  Tamouh Investments launches ‘Shukran Zayed’ initiative

  

  Abu Dhabi / Emirates Business Communities across the UAE are being urged to come together to say ‘Shukran Zayed’ by sending their messages of gratitude to commemorate a century since the birth of the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan. Abu Dhabi-based developer Tamouh Investments has launched the social media initiative using the ...

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• 1 April

  NAMA calls for applicants to ‘entrepreneurship programme’

  

  DUBAI / WAM The Badiri Education and Development Academy announced that applications are now open for the Entrepreneur Development Camp, the first phase of the Badiri Business Entrepreneurship Programme (BBEP), which focuses on building the capacity of women residing in various locations in Sharjah and equipping them with the skills required to become successful entrepreneurs. Badiri Education and Development Academy ...

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• 1 April

  For bond traders, stocks are all that matters in US jobs week

  

  Bloomberg The US jobs report was already playing second fiddle to inflation data in the minds of bond traders. But after the recent turbulence in technology stocks, it feels like an afterthought. Benchmark 10-year Treasuries are coming off their biggest rally of 2018, with yields at seven-week lows. This time, it wasn’t geopolitical risk fueling the gains, or even weak ...

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• 1 April

  China’s biggest stocks suffer worst quarterly loss in two years

  

  Bloomberg China’s markets have been turned upside down this year as the prevailing narrative shifted from deleveraging to trade wars, creating headaches for investors positioning ahead of MSCI Inc. inclusion in June. Large cap stocks, which led gains in 2017, are among the biggest decliners, while beaten down small caps are staging their best rally in more than two years. ...

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• 1 April

  Hon Hai profit shows iPhone delay offset by one-time sharp share gain

  

  Bloomberg Hon Hai Precision Industry Co. felt the squeeze from 2017’s delayed launch of Apple Inc.’s iPhone X, the latest results from the world’s largest electronics contract manufacturer show. Were it not for a one-time gain of $2.2-billion from the sale of Sharp shares, analysts say, it would have been the company’s worst holiday quarter since at least 2010. Hon ...

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• 1 April

  Nissan to triple Datsun sales with new markets

  

  Bloomberg Nissan Motor Co. is looking to triple sales of its low-cost Datsun vehicles by 2022 as the Japanese carmaker seeks to revive an 87-year-old brand it resurrected about five years ago. Growth will mainly come from markets in Africa, Middle East and South Asia, Peyman Kargar, senior vice president at Nissan, said in an interview in Karachi. After Pakistan, ...

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• 1 April

  Adani delays Aussie coal shipment, eyes deals

  

  Bloomberg Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020 target date to begin mining coal from the Carmichael project in Australia’s northeastern state ...

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• 1 April

  China factory gauge rebounds as export demand recovers

  

  Bloomberg A gauge of activity at China’s manufacturers posted its first gain since November, as factories recovered from a seasonal dip at the start of the year and export demand shrugged off threats of a trade war. The manufacturing purchasing managers index rose to 51.5 in March versus the 50.6 estimate in Bloomberg’s survey and 50.3 in February. The non-manufacturing ...

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