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Sharjah / Emirates Business His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has said that Unesco’s selection of Sharjah as a ‘crafts and folk art’ city for the Creative Cities Network is a global endorsement of the emirate’s decades-long emphasis on bringing generations closer to their heritage and national identity, and carefully ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have launched a national project to create and design the UAE nation brand. His ...

ABU DHABI / WAM As part of the Ministry of Finance’s efforts to strengthen relations and develop financial and economic cooperation frameworks with other countries, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met Steven Mnuchin, US Treasury Secretary, in Abu Dhabi. Mubarak Rashed Al Mansoori, Governor of the Central Bank of the UAE, and a number of ...

SOFIA / WAM A high-level United Arab Emirates delegation has concluded a successful trip to Bulgaria, with both nations agreeing to further advance bilateral relations. UAE Minister of State Ahmed Ali Al Sayegh led the high-level delegation to the Bulgarian capital Sofia in a bid to further develop bilateral cooperation in a number of fields. In meetings with Bulgarian counterparts, ...

Bloomberg Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. China’s largest company is weighing its options for the city’s biggest first-time sale of stock since 2010, but the window for pulling off ...

Bloomberg Malaysia is proposing to resume a rail project connecting its southern state of Johor to Singapore at a lower cost. The government is seeking to downsize the price tag by 36% to 3.16 billion ringgit ($756 million) with changes to the structure and scope of the project, Prime Minister Mahathir Mohamad told reporters in Johor Bahru. Construction of the ...

Bloomberg Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months of protests. Third-quarter gross domestic product retreated 3.2% from the previous three months, after a 0.4% contraction in the second quarter. That’s the worst slump since 2009, in the aftermath of the global financial ...

Bloomberg Taiwan’s economy grew at the fastest pace since the second quarter of last year as domestic investment and better-than-expected overseas demand helped avoid the worst of the US-China trade war. Gross domestic product expanded 2.91% in the third quarter, according to a statement from the island’s statistics bureau. That was the fastest rate of expansion since the three months ...

Bloomberg For years India’s state-run companies coughed up hefty dividends when the government needed cash. Now the treasury is being forced to return the favour. Prime Minister Narendra Modi will spend about $9.5 billion to resuscitate telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, Telecom Minister Ravi Shankar Prasad said.

Bloomberg Samsung Electronics Co posted better-than-expected earnings and projected a gradual recovery in the memory chip market in 2020 as fifth-generation wireless technology rolls out globally. Shares in South Korea’s largest company climbed as much as 2% after it posted net income of 6.1 trillion won ($5.2 billion) for the September quarter, surpassing the 5.5 trillion won average of projections. ...