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  Bloomberg Leaders of the campaign for Britain to quit the European Union rejected a plan reportedly being devised by Bank of England Governor Mark Carney to negotiate a “buffer” to allow companies to adjust to the UK leaving the bloc. Former Justice Secretary Michael Gove, who failed in a bid to lead the Conservative Party after David Cameron quit ...

  BERLIN / AP Swiss voters rejected a plan to force their government to accelerate the country’s exit from nuclear energy in a referendum Sunday, turning down an initiative that would have seen the last plant shut in 2029. A majority of cantons (states) voted against the plan. Under Switzerland’s direct democracy system, proposals need a majority of both cantons ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the private sector has played a key role over the last four decades in the UAE’s development. He said the UAE is keen to enhance public–private partnerships (PPP) based on the principle of creating ...

  Dubai / Emirates Business “As drones and driverless vehicles have arrived to do the last mile delivery, supply chain and logistics industry is in for a massive shift in approach in 2017 and beyond,” stated Shashi Shekhar, Group Chairman and founder of SCLG, during the 9th Global Supply Chain and Logistics Summit. Last year, UAE’s supply chain and logistics ...

  Mexico City / WAM The UAE seeks to strengthen trade and economic relations and partnerships with Mexico, building on the two economies’ high resilience against global challenges, successful Emirati foreign investments and Mexico’s position as a significant recipient of UAE non-oil exports, UAE Minister of Economy Sultan bin Saeed Al Mansouri has stressed during a joint business forum in the ...

  Dubai / Emirates Business To further broaden awareness on the identity of the local maritime sector, the Dubai Maritime City Authority (DMCA) has announced that it will be cooperating with the Dubai Chamber of Commerce and Industry in supporting and globally promoting the ‘Maritime Dubai’ initiative. The partnership aims to spur leadership in the development of a renewable, safe ...

  Dubai / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced on Saturday the launch of its credit card in partnership with Dubai-based flydubai. The credit card will enable customers to enrol in OPEN, a newly launched rewards programme from flydubai. By joining the programme, customers will earn OPEN reward points every time they ...

  Istanbul / AFP Iraq’s parliament on Saturday voted to accord full legal status to government-sanctioned Shiite militias as a “back-up and reserve” force for the military and police and empower them to “deter” security and terror threats facing the country, like the IS group. The legislation, supported by 208 of the chamber’s 327 members, was promptly rejected by Sunni ...

  Havana / AFP Cuba’s historic revolutionary leader Fidel Castro died late Friday aged 90, after defying the United States during a half-century of iron-fisted rule and surviving the eclipse of global communism. One of the world’s longest-serving rulers and modern history’s most singular characters, Castro defied 11 US administrations and hundreds of assassination attempts. His younger brother, President Raul ...

  Bloomberg Smothered by increasingly toxic air, India is moving to the forefront of a global push to use more of cleaner natural gas in vehicles. The country’s state-run gas companies are charting ambitious plans to extend the use of natural gas to trucks and scooters, and build infrastructure for long-haul travel on the fuel. Their optimism is reflected in ...