News

  Bloomberg Indonesians have declared 117.3 trillion rupiah ($8.9 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry said. Of the total Singapore assets declared to the Indonesian government as of Sept. 15, only 14.1 trillion rupiah, or about 12 percent, has ...

  AMMAN / AP Conflicts in Middle Eastern countries such as Iraq, Libya, Syria, and Yemen have erased “development gains for a whole generation,” including driving up already high levels of poverty and unemployment, the head of the International Monetary Fund said. The international community must be prepared to scale up long-term development aid in the region to rebuild infrastructure ...

  Reuters Egypt was unable to garner a single offer from wheat suppliers at its state grain tender on Friday, forcing it to cancel and raising renewed questions about its ability to tap global wheat markets while maintaining a ban on ergot fungus. Friday’s cancelation comes amid a flurry of cargoes either rejected or held from export since Egypt reinstated ...

    Sharjah / Emirates Business There are several equitable added values which are derived from the significant role which SMEs play to the strategic global economic development process. The Sharjah FDI Forum, organised by the Sharjah Investment and Development Authority (Shurooq), in collaboration with Financial Times (FT) and the fDi magazine, has geared up its 2nd edition with a ...

  DUBAI / Emirates Business A10 Networks (NYSE: ATEN), a technology leader in application networking and security, has announced its participation at GITEX Technology Week 2016 where it will showcase the company’s A10 Harmony solution architecture. The first of its kind solution empowers businesses to deliver secure application services across traditional data centres, private, public and hybrid clouds, helping them ...

  DUBAI / Emirates Business Making true digital transformation is difficult unless organizations in the Middle East embrace central themes such as software-defined everything, hyperscale, containers and hybrid cloud. Proprietary technology will no longer exist as a viable innovation model. Red Hat, the world’s leading provider of open source solutions, will participate in GITEX 2016, taking place from October 16-20, ...

    DUBAI / Emirates Business Construction companies from the Middle East and abroad are gathering in Dubai to launch thousands of innovative products addressing energy saving, sustainability and fire safety challenges at the Windows, Doors and Façades Event opening on Sunday. As the UAE construction industry prepares for the implementation of the new Dubai Civil Defence laws governing the ...

Vatican City / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday discussed with His Holiness Pope Francis, Pope of the Catholic Church, ways to strengthen bilateral relations and develop them in the service of humanitarian causes that promote peace and coexistence between different ...

  Emirates Business Saudi Arabia’s thriving auto aftermarket trade, valued at nearly US$2.6 billion in 2015, has attracted the attention of global manufacturers, as they lay down plans to grow their business interests at the Kingdom’s dedicated aftermarket industry trade show. Figures released by Saudi’s General Authority for Statistics provide a graphic sketch of the importance of the Kingdom’s vast ...

  BENGHAZI / Reuters Libya has lifted force majeure at some of its main ports and is resuming exports, the National Oil Corporation said on Thursday. “Exports will resume immediately from Zueitina and Ras Lanuf, and will continue at Brega … exports will resume from Es Sider as soon as possible,” NOC Chairman Mustafa Sanalla said. He said Libya’s U.N.-backed ...