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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended on Wednesday the graduation of the second batch of the Mohammad bin Rashid Centre for Leadership Development’s Impactful Leaders Programme. Sheikh Mohammed bin Rashid said that investing in people will always reap dividends. “Our objective is to ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, stated that the diversity and pluralism of the Emirati community represent the true state of its richness that everyone is proud of, noting that the UAE has adopted a tolerant approach in its development drive He explained that tolerance and human fraternity are priorities of the UAE’s ...

Seoul / WAM The UAE and Korea have signed a Memorandum of Understanding, MoU, launching the official UAE-Korea Dialogue for 2020, in the presence of Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, and Park Yang-woo, Korean Minister of Culture, Sports and Tourism. Marking the 40th anniversary of diplomatic relations between the two nations, the UAE-Korea Cultural ...

Bloomberg China is in preliminary talks to support the European Union’s (EU) backup plan for settling international trade disputes as president Donald Trump’s administration gets closer to scuttling the World Trade Organisation’s (WTO) role in refereeing cross-border commerce. China’s Ambassador to the WTO Zhang Xiangchen told Bloomberg News that Beijing is actively working to support the EU’s vision of an ...

Bloomberg Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds ($1.52 billion) in unpaid debts. The banks and an asset restructuring company, led by the State Bank of India (SBI), have taken the tycoon to a London court in what lawyers have described as “the end of the road” in their ...

Bloomberg Singapore’s property glut is an unintended consequence of government measures to force developers to build and sell apartments quickly or face stiff penalties, according to City Developments Ltd. The city-state’s second-biggest home builder has come out swinging against a rule that imposes a levy on companies if they don’t complete construction and sell all units within a period of ...

Bloomberg Indonesia’s cabinet is discussing amending a legally imposed cap on the budget deficit, which would allow the government to spend and borrow more to stimulate growth in Southeast Asia’s biggest economy. President Joko Widodo is holding talks on the matter, although for now, the current annual ceiling of 3% of gross domestic product remains, finance minister Sri Mulyani Indrawati ...

Bloomberg Alphabet Inc’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most populous nation. The verdict, which reiterates a 2015 ruling, comes as a relief for social media companies, online retailers and service providers who are facing increasing pressure from the Indian government to ...

Bloomberg South Korea’s jobless rate ticked higher for a third month, an unexpected outcome that illustrates the challenge of boosting hiring in an economy struggling with slumping exports and weak investment. The unemployment rate climbed to 3.6% in November, seasonally adjusted data from the statistics office showed Wednesday. Economists had predicted the rate would stay unchanged at 3.5%. The jobless ...

Bloomberg China’s Huawei Technologies Co just got a seal of approval from one of Germany’s biggest telecom companies. Telefonica SA’s German unit, which operates the country’s second-largest wireless network, picked Huawei and Finland’s Nokia Oyj to take an equal role supplying its fifth-generation mobile phone network upgrade, the company said in a statement Wednesday. The deal is subject to the ...