Sharjah / WAM The Organizing Committee of the 13th Sharjah Arab Children Forum (SACF), organized by Sharjah children of Rubu’ Qarn for Creating Future Leaders and Innovators, will unveil details of this year’s event at a special press conference to be held at Mughaider Children’s Centre, Sharjah on March 19. This year’s edition, held under the patronage of HH Sheikha ...
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DIFC Courts, DDFC sign cooperation agreement
Dubai / WAM The Dubai Design and Fashion Council (DDFC), on Saturday signed a cooperation agreement with the DIFC Dispute Resolution Authority (DRA), including DIFC Courts, to pave the way for wider adoption of the English language, international law courts system by Dubai’s fast-developing design and fashion sector. As design entrepreneurs start up and compete across the region and beyond, they ...
Read More »UAE pavilion draws huge rush at Riyadh Book Fair
Abu Dhabi / WAM The UAE Pavilion at the Riyadh International Book Fair has been well received by visitors, drawing large crowds who enjoyed an array of activities organised by 18 Emirati cultural institutions. Set to welcome visitors until March 24, the UAE pavilion at the fair features a dynamic blend of traditional and contemporary design and highlights the strong ...
Read More »Abu Dhabi to host first-ever ‘Green Business Summit’ on April 17
Abu Dhabi / Emirates Business The Economist Events, part of the global English-language weekly newspaper The Economist, is hosting the first ever Green Business Summit in Abu Dhabi, the capital of the UAE, on April 17. The summit will focus on the effect of economic growth on the natural environment, particularly in the Middle East and North Africa (MENA), and ...
Read More »Walmart nearing $7 billion Flipkart deal in India push
Bloomberg Walmart Inc. is in discussions to spend about $7 billion to become the largest investor in India’s leading e-commerce company, according to people familiar with the matter, a move that would put the US retailer in competition with Amazon.com Inc. in one of the most promising online retail markets. The Bentonville, Arkansas-based retail giant plans to buy about a ...
Read More »Trump tariffs upsetting allies, not China: UK
Bloomberg UK Trade Secretary Liam Fox said he urged US officials to reconsider imposing steel and aluminum tariffs on the European Union this week, suggesting the move has upset America’s allies more than the main culprit for overcapacity, China. The EU and other foreign trading partners are seeking exemptions to the 25 percent tariffs on imported steel and 10 percent ...
Read More »Myanmar to start $2.5bn Yangon station revamp
Bloomberg Myanmar said a planned $2.5 billion redevelopment of the six-decade-old railway station in Yangon will get underway around June once contract negotiations are completed. Talks with the preferred bidder for the revamp of the 25.7 hectare (63.5 acre) site in the commercial capital will take about two months, U Win Khant, permanent secretary at the Ministry of Transport and ...
Read More »Japan’s labour unions squeeze small pay rise from top firms
Bloomberg Japan’s labour unions have won pay rises for workers, although they’re still too small to generate the big increase in consumption that the Bank of Japan needs for inflation. Initial results for this year’s “spring offensive†wage talks show workers receiving a 2.16 percent increase in monthly pay, according to figures released by the Japanese Trade Union Confederation. This ...
Read More »Singapore named world’s most expensive city
Bloomberg Singapore is the world’s most expensive city for the fifth straight year in the Economist Intelligence Unit’s (EIU) latest Worldwide Cost of Living report, with Paris and Zurich tied for second place. Asia Pacific and European destinations dominated the ranks of costliest cities identified in the report released this week. Tokyo and Osaka were conspicuous in their absence from ...
Read More »Sugar bears come out to play as surplus swells on Asia harvests
Bloomberg There’s about to be enough sugar piled up in warehouses to make three chocolate cakes for every person in the world, and that’s got the market spooked. Supplies are booming thanks to the outlook for record harvests in India and Thailand, the world’s No. 2 exporter. The glut has already sent futures in New York to the lowest since ...
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