News

  Ajman / WAM The Woman and Child Protection Foundation, headed by Sheikha Azza bint Rashid bin Humaid Al Nuaimi, was launched in time for International Women’s Day, with the support and under the directives of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman. The foundation conducts its work in both, Ajman and the entire ...

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) announced March 28 as the deadline for receiving applications for the second edition of the Dubai Smartpreneur Competition, which was launched recently in cooperation with the Smart Dubai Office. The Dubai Smartpreneur Competition gives aspiring entrepreneurs the opportunity to be part of Dubai’s mission to create happiness ...

  Dubai / Emirates Business Dubai Media City (DMC), a member of Tecom Group, partnered once more with the Dubai Lynx International Festival of Creativity (Dubai Lynx) to enable the sustained growth of the region’s thriving media and creative communications industry. The annual event for the creative communications industry in the MENA region ran from March 5 to 8 at ...

  Dubai / Emirates Business India and UAE announced the formation of the Business Leaders Forum (BLF) to augment bilateral trade between both countries. The Forum will work towards strengthening ties between both countries and enhance economic cooperation and investments. The Business Leaders Forum will provide a platform for exchange of ideas and help investors unlock the enormous growth potential ...

  Bloomberg As one of Asia’s fastest-growing economies and the most populous Muslim nation in the world, Indonesia is billing itself as a natural home for Middle Eastern investment at a time when the US is turning inward. With a landmark visit by Saudi Arabia’s King Salman bin Abdulaziz to Southeast Asia winding down this week, Indonesia has won pledges ...

  Bloomberg Myanmar could be the next Vietnam or Thailand, with the economy having the potential of growing as much as 10 percent, a senior British diplomat said. The Southeast Asian nation, which is opening its economy to investors after decades of military rule, has to overcome challenges including a shortage of power supply, lack of policy clarity and high ...

  Bloomberg Copper is poised to drop this year as higher US interest rates and elections in Europe curb demand, according to the chairman of China’s second-largest refiner of the metal. Prices will end the year lower than where they started, Jiangxi Copper Co. Chairman Li Baomin said in an interview in Beijing as the government announced growth plans for ...

  Bloomberg Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company’s oil-sands interests apart from a 10 percent stake in the Athabasca mining project will be sold ...

  BEIRUT / Reuters Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies towards targeted transfers for the poor, a senior World Bank official said. Hafez Ghanem, the World Bank’s vice president for the Middle East and North Africa, told Reuters in an interview that Cairo’s next set of economic reforms should ...

  BISMARCK / AP The two biggest railroads shipping oil from North Dakota don’t seem particularly concerned that the Dakota Access pipeline may be about to come online, as oil makes up only a small percentage of their business in the state. The pipeline could begin operating as soon as next week, despite an unresolved legal dispute involving two Native ...