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Abu Dhabi / Emirates Business A new initiative to increase inbound tourism numbers from India to Abu Dhabi has been launched in India, with the Department of Culture and Tourism – Abu Dhabi spearheading a delegation of partners and stakeholders to a new multi-city promotional event in Mumbai and New Delhi. The ‘Abu Dhabi Week in India’ event, which took ...

Bloomberg Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said. Authorities were already planning an expansionary budget, “and we are considering even a potential further expansion,” Al-Jadaan said in an interview at the Future Investment Initiative in Riyadh. “We think the economy requires that support and development requires that support.” The drive ...

Bloomberg Total SA posted the highest earnings from pumping oil and gas in more than two years, illustrating the improving fortunes of an indus- try that’s endured the deepest downturn in a generation. Total’s earnings followed surprisingly strong profits from ConocoPhillips and Statoil ASA, driven by a combination of higher crude prices and deep cost cuts. Exxon Mobil Corp. and ...

DUBAI / Reuters International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 mega-watts of solar power, the Nubian Suns Feed-in-Tariff ...

Bloomberg Even for wind farms, middle age is a time for nips, tucks and sometimes replacement surgery. At least 600 megawatts of US wind farms have already undergone significant upgrades, primarily in California, and NextEra Energy Inc., the largest producer of North American wind power, said it expects to invest as much as $3 billion to upgrade or replace aging ...

Bloomberg After years of being sidelined by New Jersey Governor Chris Christie, wind farm developers are dusting off plans for massive offshore turbines that may someday generate more electricity than a nuclear reactor. Christie, a Republican whose term ends in January, effectively blocked wind farms off his state’s coast by never fully implementing a program that would subsidize the projects. ...

Bloomberg China’s push for better air quality is proving a bonanza for global steelmakers. Nippon Steel & Sumitomo Metal Corp., Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years. Posco, the largest Korean mill, said it expected to reap ...

Bloomberg Nissan Motor Co. conducted vehicle inspections that don’t comply with Japanese regulations for almost four decades, raising questions about the company’s internal controls. The company’s manufacturing division likely will take responsibility for the process, according to a person familiar with the situation who asked not to be identified because the information isn’t public. The regimen, which the government deemed ...

Bloomberg Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them. Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management ...

Bloomberg The European Union says it has plenty on its to-do list besides managing Brexit. That could prove to be good news for Prime Minister Theresa May as she seeks a smooth UK departure from the bloc in March 2019. The European Parliament, which has veto power over any Brexit agreement, is gearing up for elections in mid-2019 as a ...