Abu Dhabi / WAM Abu Dhabi-based Al Heya Special Glass Factory launched its first ‘Made in UAE’ blast and bullet resistance glass at IDEX this week, hoping to catch the GCC and MENA region markets through its maiden appearance. The company briefed visitors to its stand on tests carried out last month to check the endurance of the glass, describing ...

  Reuters Cairo’s main stock index retreated on Thursday after Reuters reported the finance ministry would recommend a tax on stock exchange transactions. In Gulf markets, banks were a drag on most bourses as minutes from a US Federal Reserve meeting showed little support for a March rate rise. Gulf currencies are pegged to the US dollar, so policy rates ...

  Bloomberg The dollar continued to fall on Thursday after minutes from the most recent Federal Reserve meeting showed officials were confident they could raise rates gradually without triggering short-term inflation. Oil rose to a seven-week high and stocks were up slightly at the open. The S&P 500 Index rose .10 and Dow Jones Industrial Average was up .12 percent ...

  Some American disasters come as bolts from the blue — the stock market crash of October 1929, Pearl Harbor, the designated hitter, 9/11. Others are predictable because they arise from arithmetic that is neither hidden nor arcane. Now comes the tsunami of pension problems that will wash over many cities and states. Dallas has the fastest-growing economy of America’s ...

  A payment system is to an economy what plumbing is to houses: The only time people talk about it is when it’s not working. That’s been the case in India since the government’s demonetization decision on Nov. 8. While that shock gutted commerce, it also upended the payment method of choice: cash. A simmering tension between two systems is ...

  President Donald Trump’s rocky start should come as no surprise. He has no experience in government or large organizations — his company is a small family office that employs a few dozen people. Before finding success through television and licensing deals, his career was defined by a series of failures and bankruptcies. The image he has cultivated for himself ...

  As crackdown on illegal immigrants began, the phone at an organization in Austin that runs a deportation hotline is always ringing. The centre received more than 1,000 calls in three days by fearful immigrants who wanted information about the raids. They are a worried lot. Those who saw a friend or family was taken are scared by the raids. ...

  About a decade ago, EBay Inc. made a legendary retreat from the Chinese auction business in the face of growing local competition. It was a defeat so humiliating that it became a business school case study. Since then, however, the Chinese e-commerce market has changed drastically — and so has EBay. As the company makes its return to the ...

  Bank of England (BOE) policy maker Kristin Forbes suggested that the need to restrain inflation might “soon suggest an increase” is required in interest rates. The central bank’s latest survey of businesses, however, suggests weakening pay growth should persuade the bank to keep borrowing costs on hold. The bank’s regional agents regularly survey about 700 businesses around the U.K. ...

  Compared with the US last year, European nations that face hotly-contested elections in 2017 aren’t seeing a major fake news explosion. In the Netherlands, where elections are scheduled for March 15, Geert Wilders’ nationalist Freedom Party is the front-runner. Wilders was recently caught out in a fake news scandal: He tweeted a Photoshopped image of a rival party leader ...