News

  Dubai / WAM A recently-released Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes the 2nd largest destination for UAE-made products after India. The movement of goods between the two countries has been facilitated by the GCC customs unification procedures and efficient transportation ...

  Abu Dhabi / WAM UAE nationals travelling to the Republic of Senegal will no longer need to apply for a visa in advance, the Ministry of Foreign Affairs and International Cooperation announced on Tuesday. Under the new rules, holders of diplomatic, official and regular passports will be allowed to stay in the Senegal for up to 90 days. Ahmed Saeed ...

  Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA) announced that there is no legislation in place in the country that obstructs economic movement or the work of local or international companies based in the UAE. This comes in response to several inquiries the TRA has received from companies and institutions about information published in the media recently regarding the ...

  Dubai / WAM The 18th Water, Energy, Technology, and Environment Exhibition (WETEX 2016), to be held in October 2016, will feature the latest innovative solutions in energy, water and environment. Many of these technologies will be unveiled for the first time regionally to cater to the needs of renewable energy, water and energy conservation sectors. WETEX is being organised by ...

  Washington / AFP Ever since the IMF participated in the first Greek bailout six years ago, the stinging suspicion has been that the Fund is under Europe’s thumb. Now the International Monetary Fund is again under pressure to come to the aid of Athens, providing likely fodder for critics. Europe forged an 86 billion euro ($96 billion) aid package ...

  San Francisco / AFP Instagram said that is adding a new weapon for fighting harassment at the popular mobile app for sharing pictures and videos. The Facebook-owned social network began letting some celebrities and others with accounts that attract torrents of feedback filter those comments by keywords or even turn off the option to comment on particular posts. “Our ...

  New York / AFP Electric carmaker Tesla said it won agreement from SolarCity to acquire the solar power company for $2.6 billion, confirming a deal that has been criticized on Wall Street. Tesla announced the bid in late June, but it drew jeers on Wall Street, in part because of skepticism over the motives of Tesla chief executive Elon ...

  Bloomberg European stocks fell on weak British and eurozone manufacturing data and worries about the health of Italian banks. Equities elsewhere were mixed, with the Dow in the US retreating slightly as oil prices fell but the tech-rich Nasdaq finishing higher. The Japanese Nikkei pushed higher for a second straight session. London slid 0.5 percent after a survey showed ...

  Luxembourg / AFP Luxembourg has lodged an appeal against the sentences handed down to three LuxLeaks whistleblowers who exposed the small duchy’s huge tax breaks for giant multinationals, the justice department said Tuesday. “The state prosecutor lodged a general appeal at the end of last week,” spokesman Henri Eippers said. Former PricewaterhouseCoopers employees Antoine Deltour and Raphael Halet were ...

  Abu Dhabi / WAM The UAE has maintained its position as a top investment destination for citizens of the Gulf Cooperation Council (GCC) with 1,899 new licenses granted to GCC citizens to practice economic activities during 2015, leading to a total of 19,803 licenses by the end of 2015. Commercial licenses made the top of the economic activities’ list, with a ...