ABU DHABI / Emirates Business The Arab Brazilian Chamber of Commerce noted thriving trade between Brazil and the Arab World as attested to by the impressive numbers issued by the organization covering Brazilian exports to Arab countries during the first half of 2016. These positive numbers reflect the great strides that companies across various sectors are making towards strengthening ...
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Brexit can boost Chinese investments in Dubai real estate
DUBAI / WAM Dubai has a huge opportunity to boost growing real estate investment from Chinese investors in the wake of Britain’s decision to leave the EU, developers and property marketers have been told. Uncertainty in Europe following the Brexit vote could attract a new wave of Chinese investment in Dubai based on the Emirate’s offer of quality new ...
Read More »Turkey jails generals as PM warns against revenge
Ankara / AFP Turkish Prime Minister Binali Yildirim on Tuesday warned against exacting revenge on supporters of the failed coup, as Ankara arrested top generals in a relentless crackdown that has sparked global alarm. Erdogan has denounced the coup bid, which left more than 300 dead on all sides, as a treacherous bid to oust him from power devised ...
Read More »Anti-US protests staged at 11 KFC branches in China
Beijing / AFP Chinese people who blame Washington for an international tribunal’s dismissal of Beijing’s maritime claims have called for a boycott of Kentucky Fried Chicken (KFC) in protests outside branches in 11 cities, reports said. Crowds gathered to wave placards and shout anti-US slogans outside restaurants stretching from the northern province of Hebei to Hunan province, some 1,600 ...
Read More »Philippines rejects China riders for sea row talks
Manila / AFP Manila has rejected Beijing’s demand that it “disregard” an international ruling that invalidated the Asian giant’s claims to much of the South China Sea before negotiating on the issue, the Philippines’ foreign secretary said on Tuesday. China last week denounced a UN-backed tribunal’s finding that there was no legal basis for its claims to most of ...
Read More »EU takes China to WTO over export curbs
BRUSSELS / AFP The EU on Tuesday followed the US to launch a new legal challenge at the World Trade Organization over duties and quotas China imposes on its raw materials exports.The EU said China is violating WTO rules with restrictions on exports of key materials such as graphite, cobalt, chromium and magnesia which help Chinese industry at the ...
Read More »Indian Kashmir residents face medicine shortage
Srinagar / AFP Indian Kashmir residents said on Tuesday they are facing shortages of prescription drugs, as parts of the region remained under curfew for an 11th day following deadly clashes between protesters and security forces. As the overall death toll from days of violence rose to 45, shopkeepers warned supplies were running low because trucks were unable to ...
Read More »Court orders freezing of Musharraf’s property
Islamabad / AFP A special court trying former Pakistani military ruler Pervez Musharraf for treason passed an order on Tuesday freezing his bank accounts and confiscating his property, his lawyer said. The head of a three-judge panel, Mazhar Alam Miankhel, made the order in the absence of the former president, who left for Dubai in March for what was ...
Read More »Asia embraces bullet trains as S’pore, Malaysia sign deal
Bloomberg Asia is embracing bullet trains like never before. Singapore and Malaysia signed an agreement on Tuesday that will bring a high-speed rail link to Kuala Lumpur by 2026. The long-envisioned plan, six years behind an earlier target completion date, follows a $5.5 billion project already underway in Indonesia. India last year chose Japan to build a $15 billion ...
Read More »Facebook pilots offline video for India in duel with YouTube
Bloomberg Facebook Inc. is piloting a feature in India allowing users to save videos to watch offline, chasing a similar program from Google’s YouTube, as the companies attempt to crack a market ridden with poor internet connectivity. The move followed feedback from users in the country citing poor video experiences because of limited mobile coverage, Facebook said in a ...
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