RAS AL-KHAIMAH / WAM The number of new members registered with Ras Al-Khaimah’s Chamber of Commerce and Industry has risen during the first half of the year, with the chamber attracting 1,414 new establishments from the private sector, an increase of 20.5 percent on the same period last year. Of these, 189 were establishments affiliated with the Free Zones, while ...

  Dubai / WAM The Dar Al Ber Society, DABS, is to contribute AED 500,000 annually to students of low-income families at the Ajman University of Science and Technology, AUST. The 37-year-old university, based in Ajman, is to cut the academic fees by 20 percent for DABS staff members, their children, as well as the students of low-income families referred ...

  Dubai / WAM The UAE Telecommunications Regulatory Authority (TRA) on Sunday opened the 2nd edition of its ‘Summer Innovation Camp,’ a month-long initiative that will run until August 18th. The initiative has been designed to cultivate the spirit of innovation and creativity among young Emiratis, while also teaching them more about the local telecommunications and information technology sectors through ...

WASHINGTON The Republican National Convention in Cleveland this week ought to be interesting, but whether it will be informative is another question. Barring a last-minute surprise, the delegates will nominate real estate magnate Donald Trump to be the GOP presidential candidate, and he will pledge — probably repeatedly — to “make America great again.” Just how he plans to do ...

  The European Central Bank’s (ECB) decision-making governing council will on Thursday, a month after the Brexit, assess market turmoil shock triggered by the Leave vote. Though volatility has subsided, it is widely believed that the extent of economic damage is still unclear. ECB President Mario Draghi and his colleagues look forward to an uphill task to decide what to ...

  Eli Lake After the horror at Nice, perhaps the most depressing comment came from France’s prime minister. Calling for unity in the face of terror, Manuel Valls observed: “Times have changed, and we should learn to live with terrorism. We have to show solidarity and collective calm.” If this sounds like resignation, it shouldn’t. Valls is no squish. After ...

On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down its long-awaited ruling on a case brought by the Philippines against China regarding the South China Sea. Judging by the international reactions to the ruling so far, the consensus (outside China at least) has been that this is “a huge win“ for the Philippines and a ...

Bloomberg China’s real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers. Economic output by real-estate brokers surged 8.8 percent from a year earlier in the April-to-June period, while construction activities jumped 7.3 percent, data from the National Bureau of Statistics showed this week. ...

  Bloomberg Soaring home prices in Vancouver and Toronto won’t keep the Bank of Canada from cutting rates to stimulate the economy, if it comes to that. That’s the takeaway from an interview Bank of Canada Governor Stephen Poloz gave the Wall Street Journal after the release of the central bank’s policy decision, in which it left its benchmark rate ...

  Bloomberg Blackstone Group LP agreed to buy a 32 percent stake in Swedish residential landlord D. Carnegie & Co. AB from three of the company’s biggest shareholders. Blackstone, through its subsidiary Vega Holdco Sarl, will acquire the shares in the Stockholm-based company for 100 Swedish kronor ($11.8) each, Blackstone said in a statement this week. This will give the ...