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US manufacturers expand at a robust pace in March

  Bloomberg The world will have a better idea by the end of this week, but probably no definitive answer, on whether the US economy’s boom in “soft” data is being reflected in the “hard” stuff. This week’s economic data include trade figures and factory orders, culminating in a payrolls report forecast to show 175,000 jobs added by US employers ...

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World Retail Congress begins in Dubai

  Dubai /Emirates Business The 11th edition of The World Retail Congress began at Madinat Jumeriah for the second time on Tuesday, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The three-day World Retail Congress brought together global retail leaders, providing them with an ...

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China’s ‘new Shenzhen’ plan spurs speculative rampage

  Bloomberg It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province — in the same spirit that Shenzhen and Shanghai’s Pudong was built — hordes of prospective buyers had thronged ...

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Coal India shipments lag target at least 5th year

  Bloomberg Coal India Ltd., the world’s biggest miner of the fuel, missed annual production and shipment targets for at least the fifth year despite reporting record volumes for both. Output grew 2.9 percent to 554.1 million tons during the year ended March, while shipments rose 1.6 percent 543.2 million tons, missing the target of 598.6 million tons for each, ...

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Sharjah FDI expected to break AED1bn barrier by 2017 end

  Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), the FDI office operating under the Government of Sharjah, has announced the emirate’s total foreign direct investment is expected to exceed a record AED 1 billion by the end of the year – an anticipated growth of 15 percent on 2016. The figures are a massive testament to Sharjah’s focus ...

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Expo 2020 Dubai unveils inspirational Al Wasl Plaza

  Dubai / WAM Expo 2020 Dubai unveiled on Monday the last major design in Al Wasl Plaza – an open space that combines breathtaking design, innovative technology and an intricate domed trellis incorporating a huge immersive projection experience. The plaza will be a unique space at the centre of the 4.38-square kilometre site that will make a dramatic impression on ...

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Second phase of ‘Heart of Sharjah’ project on schedule: Shurooq

  SHARJAH / WAM Sharjah Investment and Development Authority, Shurooq, has announced that progress on the second phase of the ‘Heart of Sharjah’ development, one of the largest heritage and tourism projects in the region, is right on schedule. The announcement from Shurooq coincides with the hosting of two major heritage events in Sharjah, the Sharjah Biennial 2017, which commenced ...

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Tesla beats forecast with 25,000 deliveries as model 3 nears

  Bloomberg Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement ...

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Iceland’s currency speculation opens rift in ruling coalition

  Bloomberg As they search for a permanent exchange-rate framework, Iceland’s policy makers are finding they may disagree on some pretty fundamental issues. Power politics in the 340,000-people nation are being laid bare, as the nation’s prime minister, who heads the establishment Independence Party, and its finance minister, a former publishing executive who leads the newly created Reform Party, are ...

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