News

  Bloomberg Singapore is next in line if London loses its status as leading business hub in the world. The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers LLP said in a new study, based on social and economic data published before the U.K. voted to leave the European Union. The Cities of Opportunity Index places ...

  Bloomberg Palm oil inventories in Malaysia probably fell to the lowest since 2011 as demand for the vegetable oil used in everything from instant noodles to detergents surged in countries including India and China. Inventories fell 7.9 percent to 1.63 million metric tons in August from a month earlier, the lowest since March 2011, according to the median of ...

  Bloomberg China’s Finance Ministry has submitted a consumer tax overhaul proposal to the State Council, according to two people familiar with the matter who asked not to be identified because the discussions are private. The proposal is subject to change after other ministries and the State Council, China’s cabinet, give their input, one of the people said. Finance Ministry ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured the 15th Cityscape Global real estate exhibition which began on Tuesday at Dubai World Trade Centre and will conclude on September 8. Some 272 exhibitors from more than 30 countries (68 percent from the ...

  Dubai / WAM The US – UAE Cybersecurity Forum, which Dubai will host on Wednesday, aims to inform about public policy discussions in the UAE, drive bilateral collaboration in cybersecurity and encourage co-operation amongst industry stakeholders, the organisers said. The forum is being organised by the US Chamber of Commerce, The American Business Council in Dubai, Dubai Chamber and Dubai ...

  Abu Dhabi / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, and the Guernsey Financial Services Commission, Guernsey FSC, today signed a Memorandum of Understanding to co-operate on supervisory matters, exchange of information, as well as to foster high regulatory practice in both jurisdictions. Richard Teng, Chief Executive Officer of the FSRA and William Mason, Director-General ...

  Dubai / WAM Dubai South and Expo 2020 Dubai are collaborating at this year’s Cityscape Global to showcase the legacy that will be generated by the Expo and how it forms a part of the residential lifestyle opportunities for thousands of individuals within Dubai South in the run up to, and post, the mega-event. The Expo 2020 site in the ...

  Dubai / WAM The Jebel Ali Free Zone (Jafza) recently organised a forum for the machinery and equipment sector, entitled, ‘Energy Engineering Technologies’, which was attended by companies operating in the niche field of energy engineering. The machinery and equipment sector, which occupies over 3.1 million square metres in Jafza, has over 29,000 employees, almost 21 percent of the total workforce ...

  Dubai / WAM The Masdar Institute of Science and Technology on Tuesday announced that it has signed an agreement to be the Official Sustainable Energy Partner of “Innovation Live!”, an initiative aligned with the UAE National Innovation Strategy and Vision 2021. Facilitated by MEED, “Innovation Live!” responds to the vision of Vice President and Prime Minister and Ruler of Dubai, ...

  Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and Chairman of Dubai Municipality, approved the awarding of a AED1 billion contract for the construction of the Mohammed bin Rashid Library, the biggest cultural project in the Arab world. Construction work will commence in September 2016 and be completed by ...