News

  Bloomberg Leaders of the campaign for Britain to quit the European Union rejected a plan reportedly being devised by Bank of England Governor Mark Carney to negotiate a “buffer” to allow companies to adjust to the UK leaving the bloc. Former Justice Secretary Michael Gove, who failed in a bid to lead the Conservative Party after David Cameron quit ...

  Bloomberg Germany agreed to provide Iran with a 1.2 billion euro ($1.27 billion) credit line to help finance a rail project , according to an official at the Central Bank of Iran. The facility — through state-run lender KfW IPEX — will help fund the development of the Tehran to Mashhad railway, the official said, asking not to be ...

  BERLIN / AP Swiss voters rejected a plan to force their government to accelerate the country’s exit from nuclear energy in a referendum Sunday, turning down an initiative that would have seen the last plant shut in 2029. A majority of cantons (states) voted against the plan. Under Switzerland’s direct democracy system, proposals need a majority of both cantons ...

  AP Holiday shoppers eager to snag big discounts turned to the internet in record fashion this week, one tracking company said, driving online sales on Black Friday to a new high. Consumers spent $3.34 billion shopping online on Friday, a 21.6 percent increase from the same day last year, according to Adobe, which tracks online retail transactions. More than ...

  LONDON / AP Dakota Access oil pipeline protesters will not follow a government directive to leave the federal land where hundreds have camped for months, organizers said Saturday, despite state officials encouraging them to do so. Standing Rock Sioux tribal leader Dave Archambault and other protest organizers confidently explained that they’ll stay at Oceti Sakowin camp and continue with ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the private sector has played a key role over the last four decades in the UAE’s development. He said the UAE is keen to enhance public–private partnerships (PPP) based on the principle of creating ...

  ABU DHABI / WAM In collaboration with the Martyrs’ Families’ Affairs Office at Abu Dhabi Crown Prince’s Court, the Central Bank of the UAE has issued a new silver coin to mark Commemoration Day as a day of pride and remembrance. The measure comes as part of #The_UAE_Remembers campaign, launched by the Martyrs’ Families’ Affairs Office to provide a ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of condolences to President Raul Castro of Cuba on the death of former president Fidel Castro, who passed away on Friday. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

  Dubai / Emirates Business “As drones and driverless vehicles have arrived to do the last mile delivery, supply chain and logistics industry is in for a massive shift in approach in 2017 and beyond,” stated Shashi Shekhar, Group Chairman and founder of SCLG, during the 9th Global Supply Chain and Logistics Summit. Last year, UAE’s supply chain and logistics ...

  SHARJAH / WAM Sharjah Commerce and Tourism Development Authority (SCTDA) is contributing to the UAE Innovation Week in Sharjah by presenting two professional workshops at Expo Centre Sharjah from November 22-26. The workshops, which aim to promote innovation and creativity in the tourism sector, and to highlight the authority’s plans, projects, and initiatives, are held under the patronage of ...