Blog List Layout

  AFP China said on Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. Duties on the materials, used in power transformers and electric motors, will range from around 37 to as high as 46.3 percent, the commerce ministry said ...

  SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) participated in the second edition of the GCC-British Economic Forum, which took place on July 21. Organised by the Arab British Chamber of Commerce and hosted in London, the forum saw the attendance of senior Emirati and British officials, executives, decision-makers, investors and businesspersons. Held under the banner: ‘Vision, Challenges ...

  DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed RTA’s intention to launch an Integrated Mobility Platform in Dubai, enabling customers an easy access to all mass transit systems through a single window (smart app). In this transit hub, RTA’s multi-modal transit systems (metro, tram, buses, marine ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF) reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the UAE’s economic performance in 2016. The Executive Board of the IMF discussed the report during its last meeting, praising the country for its UAE Vision 2021, government strategies and ability to ...

  Al Ain / WAM Abu Dhabi General Services Company, Musanada, has so far completed 32 percent of Al Ain Hospital, which will be handed over to Abu Dhabi Health Services Company – (SEHA). This forms part of Musanada’s efforts to realize the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to carry out the projects that ...

  RITIKA SHARMA / Emirates Business Smart machines are set to change the DNA of global workplaces and the UAE will lead the game, IT whizzes believe. After driverless cars, virtual offices and the Museum of Future leading global digital trends, the country is soon expected to become home to robo-bosses. You read it right! Don’t be surprised anymore if ...

  AFP The world’s leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain’s vote to leave the European Union threatening more disruption. Central bank chiefs and finance ministers from the world’s top 20 economies met in the southwestern Chinese city of Chengdu, and US ...

  Bloomberg U.S. stocks rose, sending the S&P 500 Index to a record, and the dollar strengthened as speculation mounted that central banks from Japan to Europe won’t be in a rush to add to unprecedented stimulus. Emerging-market assets and commodities retreated. The S&P 500 capped a fourth weekly gain as a preponderance of earnings reports topped estimates. Verizon Communications ...

  Bloomberg Husky Energy Inc. is running into difficulty containing and cleaning up a 1,570-barrel oil pipeline spill that entered the North Saskatchewan River in Canada this week, after rising water levels compromised its initial plan to capture the release. The company responded when a sheen on the water indicated a spill, and discovered it was from the failure of ...

  Istanbul / AFP Turkey pushed on Saturday with a sweeping crackdown against suspects accused of taking part in the failed coup against President Recep Tayyip Erdogan, extending police powers to hold people in detention and shuttering over 1,000 private schools. A week after renegade soldiers tried to oust him with guns, tanks and F16s, Erdogan’s government has rounded up ...