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Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah), an affiliate of the Sharjah Investment and Development Authority (Shurooq) organised a Sharjah – Europe Business Roundtable, at the Sharjah Chamber of Commerce and Industry, to explore interests with six European business councils based in the UAE, and to introduce emerging prospects in a variety of sectors attractive to ...

DUBAI / WAM The Dubai Police General HQ confiscated nearly 25,560 counterfeit fire prevention products worth AED2.5 million, during an anti-counterfeit campaign of the Department of Combating Economic Crimes of the General Department of Criminal investigations at the Dubai Police. The campaign was carried out in partnership with Underwriters Laboratories, UL, the Middle East, a technology security company, and Ten ...

PARIS / WAM The UAE pledged to donate AED184 million ($50 million) of development support, in addition to a previous amount of AED184 million ($50 million) allocated this year by the Abu Dhabi Fund for Development (ADFD), to support development projects in the Comoros. The UAE made this announcement during its participation in the “Donors’ Conference in Support of the ...

DUBAI / WAM The Ministry of Education (MoE), announced that the UAE advanced eight points in mathematics skills, according to the results of the recent edition of the Programme for International Student Assessment (PISA), 2018, which were officially announced for the participating countries at the Organisation for Economic Co-operation and Development (OECD), headquarters in Paris. The United Arab Emirates achieved ...

Bloomberg France’s government said the European Union (EU) would retaliate if the US follows through on a threat to hit about $2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed. “It’s not worthy of an ally, and it’s not the behaviour we expect from the US towards one of its main allies, ...

Bloomberg Volkswagen AG is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the drivers opened their case and must first prove that the allegations belong in court. They need judges to follow findings ...

Bloomberg Euro-zone factory activity rose to a three-month high last month, though job losses continued as the sector remained stuck in a slump. The Purchasing Managers’ Index for the 19-nation euro region rose slightly to 46.9 in November as confidence improved and a drop in new orders slowed. The reading was up from a preliminary 46.6 but still below the ...

Bloomberg Twitter Inc Chief Executive Officer Jack Dorsey returned from a trip touring African startups ready to go back. He said in a Twitter post recently that he’ll spend three to six months somewhere on the continent next year. Dorsey had spent much of November meeting with startups and people in the tech industry in South Africa, Ethiopia, Nigeria and ...

Bloomberg Chinese students far out-stripped peers in every other country in a survey of reading, math and science ability, underscoring a reserve of future economic strength and the struggle of advanced economies to keep up. The Organisation for Economic Co-operation and Development (OECD)’s triennial study of 15 year-old students across the world found that the four Chinese provinces tested — ...

Bloomberg China raised its 2025 sales target for electrified cars as the government tries to spur an industry that’s showing signs of slowing down. The country wants about 25% of new cars sold by 2025 to be electrified, according to a draft policy published by the ministry of industry and information technology. Its last roadmap on the industry announced in ...