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UAE, Antigua and Barbuda to bolster economic cooperation

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received Gaston Browne, the visiting Prime Minister of Antigua and Barbuda, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

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Samsung halts production, global sales of Note 7

  Seoul / AFP Samsung on Tuesday suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire. The South Korean company’s latest efforts to contain a snowballing recall crisis that threatens to derail the powerhouse global brand came as ...

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Jera to buy EDF Trading’s coal business

  Bloomberg Jera Co., a venture between two of Japan’s biggest power utilities, agreed to acquire EDF Trading Ltd.’s coal-trading business as part of a push to lower fuel costs and expand its overseas business. The Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. venture signed a non-binding agreement to buy all of EDF Trading Australia Pty, ...

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1.4mn need aid in Haiti after Matthew havoc

  Port-au-Prince / AFP Haiti faces a humanitarian crisis that requires a ‘massive response’ from the international community, the United Nations chief said, with at least 1.4 million people needing emergency aid following last week’s battering by Hurricane Matthew. The storm left at least 372 dead in the impoverished Caribbean nation, with the toll likely to rise sharply as rescue ...

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UK risks losing billions in EU investment funding over Brexit

  Bloomberg Britain risks losing access to the European Union’s development bank when it leaves the bloc, adding to the economic harm caused by Brexit, according to Werner Hoyer, the bank’s president. The European Investment Bank lent Britain a record 7.8 billion euros ($8.7 billion) in 2015, part of a U.K. loan book of almost 50 billion euros. Projects funded ...

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Driverless cars rolled out on British streets

  Milton Keynes / AFP Driverless vehicles carrying passengers took to Britain’s streets for the first time on Tuesday in a landmark trial which could pave the way for their introduction across the country. The compact two-seater cars trundled along a pedestrianised zone in Milton Keynes, north of London, in a trial by Transport Systems Catapult (TSC) which plans to ...

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Russian jets resume heavy bombing on Syria’s Aleppo

  Aleppo / AFP Regime ally Russia carried out its heaviest strikes in days on Syria’s Aleppo on Tuesday, as at least five children were killed in rebel fire on a school in the war-torn country’s south. The raids in Aleppo killed at least 12 civilians, a monitor said, and caused massive damage in several residential areas of the city’s ...

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Dubai private sector scales up the business ladder

  DUBAI / Emirates Business Private sector companies in Dubai experienced another strong improvement in business conditions during September. This was highlighted by the seasonally adjusted Emirates NBD Dubai Economy Tracker Index posting 55.1, down fractionally from 55.7 in August but still well above the 50.0 no-change threshold. On average in the third quarter of 2016, the headline index signalled ...

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Spotlight on worker safety and health

  Dubai / Emirates Business A majority of the accidents in the workplace are caused due to either a poorly trained or supervised workforce or badly-equipped workers, according to a senior Dubai Municipality official, who was speaking at the recent BOHS Worker Health Protection Conference held in Abu Dhabi recently. Raed Al Marzouqi, Head of Occupational Health and Safety at ...

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ADIPEC to attract 100,000 oil, gas experts

  Dubai / Emirates Business World energy leaders, government officials, decision makers, and more than 100,000 oil and gas trade professionals from 125 countries are gearing up to attend the world’s most influential event for the oil and gas industry, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016). Preparations are underway as the UAE capital prepares to welcome ...

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