March, 2017

• 11 March

  Blasts kill 40 in Damascus

  

    BEIRUT / AP Twin blasts on Saturday near holy shrines frequented by Shiites in the Syrian capital Damascus killed at least 40 people, most of them Iraqis, according to Syrian and Iraqi officials. There was no immediate claim of responsibility for the attacks. IS militants have carried out similar attacks before against Shiite shrines in the Syrian capital and ...

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• 11 March

  ADFD allocates AED53mn to develop Senegal road

  

    Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) commended the foundation stone laying ceremony of Senegal’s National Road No.2 (Ndioum – Ourossogui – Bakel) project. ADFD, one of the key financiers of the 336-km long infrastructure project, allocated a concessionary loan of AED53 million (US$15 million). Senegalese President, His Excellency Macky Sall, attended the ceremony and ...

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• 11 March

  KwB showcases region’s reading culture at world’s leading travel trade fair

  

    Sharjah / Emirates Business Knowledge without Borders (KwB), a Sharjah-based cultural initiative, is continuing to share its insights and experiences with visitors to ITB Berlin 2017, the world’s leading travel trade show, which runs from March 8-12, in Berlin, Germany. KwB is illustrating its rich and creative presence to the visitors, experts and delegates at the fair with a ...

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• 11 March

  ATDD signs 3 agreements with major tourism companies in Germany

  

    Berlin / Emirates Business In order to encourage tourist traffic, and promote international partnerships to attract tourists to the Emirate of Ajman, and as part of its strategic objectives to exchange expertise and collaborate with leading travel and tourism companies, the Ajman Tourism Development Department (ATDD) signed three agreements with major tourism companies. This aims to develop the domestic ...

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• 11 March

  Seventh edition of SIKKA Art Fair kicks off in Dubai

  Dubai / Emirates Business Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture & Arts Authority (Dubai Culture), inaugurated the seventh edition of SIKKA Art Fair 2017 – Dubai Culture’s flagship initiative under the Dubai Art Season umbrella. Also, present at the inauguration was Her Excellency Ohood bint Khalfan Al Roumi, Minister of State ...

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• 11 March

  Young kids shun play to support breast cancer campaign

  

    Sharjah / Emirates Business A number of children skipped the usual amusement parks, gaming arcades and malls to advocate for breast cancer awareness. About 80 young horse riders, starting at the age of 2 year, came in with their horses and ponies to participate in the Pink Caravan Ride’s first ever Children’s Ride, which they organised in collaboration with ...

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• 11 March

  China’s hidden risks rise

  

    A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasizing that this isn’t so. But they’ll have to do a lot more to change expectations in a state-dominated economy. Wealth-management products are short-term, high-yielding investments that are issued by banks. ...

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• 11 March

  Reflation may be not so fast for bond traders

  

    A new sentiment washed over investors immediately after the U.S. presidential election in November. Traders started to believe in a new narrative of reflation, a marked shift from the many months of talk about deflation and persistent slow economic growth. They piled into inflation-protected securities and bought riskier assets. They projected higher commodity prices because big economies were suddenly ...

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• 11 March

  A multispeed Europe will be hard to pull off

  

    The European Council, which includes leaders of EU member states, normally issues a consensus document at the end of each meeting. On Thursday, it failed to do so because one member — Polish Prime Minister Beata Szydlo — refused to approve it. The spat tells us something about the rocky future of a multispeed Europe. Szydlo’s snub had nothing ...

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• 11 March

  America’s labour market shows signs of growth

  

    Bloomberg America’s labour market might not be as great yet as President Donald Trump wants, but by almost any measure, it’s gett- ing better. Employers added an above-forecast 235,000 positions in February, while measures of joblessness and under- employment improved, the Labor Department’s monthly report showed. Wage growth picked up and the share of prime-age Americans in the labor ...

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