News

  Sharjah / Emirates Business Women are the drivers of the nation’s economy – that was the message given by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, at the opening of the second edition of the ‘Investing in the Future’ (IFFMENA) conference, which took place yesterday at the Al Jawaher Reception ...

  Dubai / Emirates Business The UAE’s economic diversification strategy continues to attract interest from UK investors, despite the sustained low oil prices. That was the view shared by Links Group, one the UAE’s leading providers of commercial facilitation and advisory services, following a recent trade mission to London with the Dubai FDI. “Dubai remains a robust and sustainable market ...

  Dubai / Emirates Business The Zayed International Foundation for the Environment signed the agreement with the UN Office for South-South Cooperation last April, launching the eighth annual Global South-South Development Expo to be hosted by the Zayed International Foundation for the Environment on behalf of the UAE Government from October 31 – November 3. The Global South-South Development Expo ...

  Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s largest property development and real-estate services companies, is holding a roadshow in New Delhi, India, next week as part of efforts to target the growing number of Indian investors buying property in the UAE. The move follows a similar event in Mumbai in May when Deyaar showcased an ...

  RIYADH / Reuters Saudi Basic Industries Corp (SABIC) has combined its chemicals and polymers businesses and will spin off its steel unit as part of its restructuring efforts to counter the depressed oil market and weak product prices. Chief Executive Yousef Abdullah al-Benyan was speaking after the firm, one of the world’s largest petrochemicals groups, on Wednesday reported a ...

  Bloomberg Middle Eastern TV giant BeIN Media Group, owned by Al Jazeera, has signed a multi-year deal with Warner Bros. International Television Distribution securing content from the Hollywood major. Starting this year, under the deal, BeIN will have access to such hit series as Arrow, Gotham and Originals and will also get the exclusive second pay window rights to ...

  CAIRO / Reuters A draft of a new investment law will be sent to the Egyptian cabinet next month, Investment Minister Dalia Khorshid said in a talk show on the local television channel CBC late on Tuesday. The new law will focus on the diversification of incentives and guarantees for investors, Khorshid said. It has been in the works ...

  Reuters Egypt is unlikely to see a jump in inflation from measures to ease a foreign-exchange shortage because import prices already reflect the black market rate, a senior International Monetary Fund official said. Egyptian officials are widely expected to devalue the pound and cut energy subsidies to secure a $12 billion IMF loan, needed to fund an economic overhaul ...

  AFP Chinese growth stabilised in the third quarter, data showed on Wednesday, as ample credit and hot property markets propped up the world’s second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy ...

  Bloomberg Nissan Motor Co. and Renault SA Chairman Carlos Ghosn is set to add that title at Mitsubishi Motors Corp., according to people with knowledge of the matter, putting him on track to become the first executive to head three different automakers at the same time. Nissan is acquiring a 34 percent stake in Mitsubishi Motors, which sought a ...