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  Bloomberg Euro-area manufacturing expanded last month at the fastest rate since April 2011, in a sign that the currency bloc’s recovery is intact heading into 2017. A Purchasing Managers’ Index climbed to 54.9 in December, IHS Markit said on Monday. The reading matches the initial estimate on Dec. 15 and was up from 53.7 in November. Higher import costs ...

  Dubai / WAM Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Saturday night inspected the Dubai Police operations room, set up to secure the New Year celebrations at the Burj Khalifa and on Sheikh Mohammed bin Rashid Boulevard in Downtown Dubai. No incidents, security breaches or injuries were reported during the ...

  Dubai / WAM Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has approved the official logo of the ‘Year of Giving 2017’, to be used by all local, government and media entities in all campaigns, programmes and initiatives related to the initiative. The design of the logo reflects all meanings of giving, ...

  Istanbul / AFP Thirty-nine people, including many foreigners, were killed on Sunday when a gunman went on a rampage at an exclusive nightclub in Istanbul where revellers were celebrating the New Year. As police launched a dragnet for the assailant, President Recep Tayyip Erdogan said the carnage sought to sow chaos and undermine peace, but Turkey would never bow ...

  Kinshasa / AFP The new year in one of Africa’s most troubled countries began in a burst of optimism on Sunday after rival groups agreed a deal for hauling DR Congo out of a perilous political crisis. Under a landmark accord, the country’s contested president, Joseph Kabila—who under the constitution should have left office on December 20—will stay in ...

  Sharjah / Emirates Business Under the theme ‘A World as Big as Your Imagination’, the spirit of children’s collaboration has shone through in the artwork submissions received for the forthcoming Sharjah Children Biennial (SCB). Sharjah Children Centres announced receiving a total of 792 artworks from 1,663 children representing 27 Arab and foreign nationalities for the fifth edition of SCB. ...

  Dubai / Emirates Business Dubai has once again mesmerised the world with a magnificent New Year’s Eve fireworks spectacle by Emaar Properties, bidding farewell to 2016 and welcoming in 2017 in resplendent style. Hundreds of thousands of spectators from all over the world joined the celebrations in Downtown Dubai, Emaar’s mega-development in the heart of the city, centred around ...

  WASHINGTON / AFP Huawei Technologies Co. pledged to overhaul its culture and rethink the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed. China’s largest telecommunications equipment maker expects a 32 percent rise in revenue to 520 billion yuan ($75 billion) in 2016, rotating Chief Executive Officer Eric Xu said. That’s down from ...

  Bloomberg Apple Inc. wants India to offer tax concessions on iPhones that the company plans to manufacture in the country, a person with knowledge of the matter said. The company wrote to the industry ministry last month seeking lower import and manufacturing duties, the person said, asking not to be identified citing rules on speaking to the media. The ...

  Bloomberg Trade Minister Chrystia Freeland says Canada will seek to build on its EU trade deal within the UK once Brexit occurs, rather than striking a separate bilateral pact. The Canada-EU Comprehensive Economic and Trade Agreement is set to go into force provisionally in early 2017, about the same time the UK only begins official talks to exit the ...