News

  Bloomberg Donald Trump’s rise is the latest setback for India’s ambition to become a factory for the world. Having missed the export-driven steam-boat that transformed China and fellow East Asian economies over the past several decades, India under Prime Minister Narendra Modi had pinned hopes on an ambitious “Make in India” campaign to make up lost ground. With the ...

  AP Pakistan’s top civilian and military leaders travelled to the country’s southwest on Sunday to open a new international trade route by seeing off a Chinese ship that’s exporting goods to the Middle East and Africa from the newly-built Gwadar port. The first convoy of Chinese trucks carrying goods for sale abroad has arrived in Pakistan amid tight security ...

  Bloomberg Vietnam expects economic growth to accelerate in 2017 as it boosts domestic businesses to shield the economy from worsening global uncertainty following the election of Donald Trump as US president. “Trump’s victory adds uncertainty to international financial markets and global trade would be affected,” Vu Viet Ngoan, chairman of the National Financial Supervisory Commission, which advises Prime Minister ...

  Bloomberg Fosun Group, the Chinese conglomerate that owns Club Med and Cirque du Soleil, is betting on new technology to boost its foray into the feature film industry, backing a Studio 8 Iraq war movie to be shown at five times the standard frame rate. Filmed at 120 frames-per-second, the $48 million “Billy Lynn’s Long Halftime Walk” is set ...

  Tokyo / AFP Some of the world’s top trading firms have agreed to build a faster data transmission network between Chicago and Tokyo, according to a person familiar with the matter, a move that would accelerate trading between two of the major centers of finance. The roster of firms in the joint venture — dubbed Go West — includes ...

  DUBAI / WAM Planning for the future is a responsibility shared by governments, private-sector institutions, and international organisations, affirmed His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the inaugural Annual Meeting of the Global Future Councils. High-profile decision makers and influential business leaders are set to ...

  ABU DHABI / WAM The UAE realised the importance of diversifying the energy sector several years ago much before the oil prices began to drop, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said. That helped the country to stay in the forefront in the region in terms of the solar and renewable energy sector, Al Mazrouei ...

  ABU DHABI / WAM Fifty-seven percent of the upgraded road network and interchange at Abu Dhabi International Airport, has been completed, according to an announcement of Abu Dhabi General Services Company, Musanada. The company says that upgradation work is part of its efforts to realise the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to ...

DUBAI / WAM Under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy, the 1st edition of The Global Franchise Market (TGFM) will begin on Monday, at the Dubai International Conference and Exhibition Centre. Organised by INDEX Conference and Exhibition and with the sponsorship and support of Franchise Souq and Francorp Middle East, the event will shed light ...

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Robert Rostek, Ambassador of Poland to the UAE, and discussed ways to expand economic co-operation between the two countries. New sectors, including small and medium-scale enterprises, innovation, tourism, industry, infrastructure and agriculture, have been identified for this purpose. The duo also discussed increasing investments in key ...