March, 2017

• 7 March

  ‘China tech plan threat to foreign firms’

  

    BEIJING / AFP China is violating its free-trade pledges by pressing foreign makers of electric cars and other goods to share technology under an industry development plan that is likely to shrink access to its markets, a business group said on Tuesday. The report by the European Union Chamber of Commerce adds to mounting complaints Beijing improperly shields its ...

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• 7 March

  Nintendo Switch is impressive, but in need of more games

  

    Bloomberg When you’re deep in a video game, the last thing you want to do is leave home. If only you could take the game with you for your commute to work or your bus ride to school, or to liven up your lunch hour. Nintendo’s new Switch console tries to address that by letting you play it anywhere. ...

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• 7 March

  Fitbit to keep tab on your ‘sleep’ too

  

    NEW YORK / AFP Fitbit, whose devices encourage people to walk 10,000 steps each day, now wants to put them to sleep as well. The company said data collected by the millions of Fitbit trackers in use show that people are averaging less than seven hours of sleep a night, the amount recommended by the Centers for Disease Control ...

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• 6 March

  Stocks retreat, gold up with treasuries as dollar advances

  

    Bloomberg US stocks slipped with Treasuries, while gold advanced as caution rippled through markets after Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week. The S&P 500 Index slipped, with JPMorgan Chase & Co. warning that hawkish Fed rhetoric has increased the likelihood for a short-term pullback. The dollar and Treasuries were ...

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• 6 March

  Gulf mixed as Arabtec buoys Dubai while ex-dividend Barwa hits Qatar

    DUBAI / Reuters Stock markets in the Gulf closed with mixed fortunes on Monday, with a rebound by financially troubled builder Arabtec boosting Dubai while Barwa Real Estate pulled down Qatar as the company went ex-dividend. Dubai’s index added 0.4 percent as Arabtec , the most heavily traded stock, surged 6.4 percent on the three-year recovery plan outlined by ...

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• 6 March

  Without new projects, oil supply will lag demand after 2020

    HOUSTON / WAM Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency (IEA). The global picture appears comfortable for the next three years but supply growth slows considerably after that, according ...

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• 6 March

  ADU Year of Giving Strategy 2017 launches 60 initiatives

    Abu Dhabi / WAM Abu Dhabi University launched ‘ADU Year of Giving Strategy 2017’ with 60 initiatives, under patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and President of the university’s Board of Regents. The move was in response to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, ...

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• 6 March

  Noor Bank, DAMAC Properties to offer home financing

    DUBAI / Emirates Business Noor Bank announced it has partnered with DAMAC Properties to offer attractive financing options for select residential units. Noor Bank is set to provide preferential terms for end-user financing to resident and non-resident clients. It has established dedicated team for DAMAC’s customers that will ensure highest quality of service delivery. Pawan Dhawan, Head of Home ...

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• 6 March

  Etihad continues sustainability drive across global airline fleet

  

    ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has continued to make improvements in the fuel efficiency of its fleet, resulting in substantial reductions in carbon dioxide emissions and reinforcing the sustainability credentials of the airline. The airline’s dedicated fuel efficiency team drove numerous initiatives across all operational functions of the business, saving ...

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• 6 March

  ‘Armed Forces training system essential for its preparedness’

  

    Abu Dhabi / WAM The training system of the UAE Armed Forces is an essential foundation for preparing the UAE’s brave forces to face all possible challenges, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said. The remarks were made on Monday while His Highness ...

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