May, 2016

• 18 May

  UAE participates in IDB meet in Jakarta

  

    Abu Dhabi / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs participated in the 41st Annual Meeting of the Islamic Development Bank (IDB), Board of Governors, which officially started in Jakarta Indonesia. The meeting witnessed the participation of more than 57 countries, along with IDB board of governors from finance and economic ministries, general managers of Arabic ...

  Read More »
• 18 May

  Emirati-Italian Friendship Association holds first meet

  Abu Dhabi / WAM The Emirati-Italian Friendship Association held its first meeting at the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi. Fahad Obaid Al Taffaq, Director of Economic Affairs and International Cooperation at the UAE Ministry of Foreign Affairs and International Cooperation, and members of the Executive Committee of the friendship association of both countries attended the meeting. ...

  Read More »
• 18 May

  64,875 students to appear in final exams: ADEC

    Abu Dhabi / WAM The Abu Dhabi Education Council (ADEC) announced that Abu Dhabi schools are ready for the end of the 2015-2016 year examinations. As many as 64,875 students will sit for their exams, out of whom 14,733 students will sit for Grade 12 Ministry of Education (MoE) curriculum examinations. Grade 12 examinations are scheduled to start on May ...

  Read More »
• 18 May

  Japan’s ‘fragile’ economy returns to growth in Q1

  

    Tokyo / AFP Japan sidestepped a recession after its economy grew in the first quarter, preliminary data showed on Wednesday, but efforts to cement recovery in the world’s number three economy were gaining little traction. Gross domestic product expanded by 0.4 percent between January and March — or 1.7 percent at an annualised rate — after a contraction in ...

  Read More »
• 18 May

  Suzuki admits it used wrong mileage tests on 2.1mn cars

  Tokyo / Bloomberg Suzuki Motor Corp. said it used fuel-economy testing methods that weren’t compliant with Japan regulations on about 2.1 million vehicles sold locally. The automaker said it won’t need to revise the ratings, as proper testing showed earlier results were within an acceptable range of deviation. Suzuki used a tunnel to test the fuel efficiency of its vehicles ...

  Read More »
• 18 May

  Mitsubishi Motors chief quits

    Tokyo / Bloomberg Mitsubishi Motors Corp. President Tetsuro Aikawa will step down as the Japanese automaker looks to regroup from its widening fuel economy testing scandal with the backing of Nissan Motor Co. Aikawa, 62, and Executive Vice President Ryugo Nakao will leave their positions effective June 24, according to a statement Wednesday. Mitsubishi Motors used “desktop calculations” to ...

  Read More »
• 18 May

  Foxconn to buy Microsoft feature phones for $350mn

  

    Washington / Bloomberg Microsoft Corp. agreed to sell its feature phone business to FIH Mobile Ltd. and HMD Global for $350 million, exiting a business that once dominated the mobile market under the Nokia name before Apple Inc.’s iPhone. FIH, part of Foxconn Technology Group, will also acquire a manufacturing facility in Hanoi, Microsoft said in a statement on ...

  Read More »
• 18 May

  Currency wars, fiscal stimulus rift in focus at G7 meeting

  

    Tokyo / AFP Finance ministers and central bankers from the G7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy. The group — including US Treasury Secretary Jacob Lew and European Central Bank President Mario Draghi — converge at a hot spring ...

  Read More »
• 18 May

  Rights group recounts IS atrocities in Libya’s Sirte

  

    CAIRO/ AP A leading international rights group on Wednesday released a report documenting atrocities by Libya’s IS affiliate — including instances of “crucifixions” and shooting a man to death for “cursing God” — in the coastal city of Sirte, a stronghold of the militants. Human Rights Watch recounts “scenes of horror” that followed the city’s seizure by IS militants ...

  Read More »
• 18 May

  Turkish fighter jets bomb Kurdish rebels, kill 10

    ISTANBULI / AP Turkey’s state-run news agency says Turkish fighter jets have killed 10 Kurdish rebels during bombing runs in the country’s southeast. Citing a military source, the Anadolu Agency said on Wednesday that the Monday air raids targeted the mainly Kurdish province of Hakkari, which borders with Iraq. The Turkish military is engaged in renewed conflict with rebels linked ...

  Read More »