News

  Dubai / WAM Export-orientation has been credited as a successful development strategy leading to economic transformation while sustained export-oriented policies have been associated with significant export diversification, according to a working paper on productivity of exporting firms in Dubai in two economic zones, Dubai main and free zones. The paper also described how countries, which initially remained confined to exploiting ...

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Saturday announced the launch of Jumeirah Central, an urban mixed-use city district expected to become a comprehensive model for future urban planning in Dubai and around the world. The district will comprise 47 million square feet ...

  Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada) has completed 72 per cent of Mafraq-Ghuwaifat Road Project and said handing over of first phase will begin later this year, while the whole project will be completed by mid-2017. The company said the effort is driven by its keen interest in the visions laid out by President His Highness ...

  Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA) is set to showcase 12 innovative information and communications technology (ICT) projects aimed at serving human and social development, health, education, and security, among many others, during its participation in GITEX Technology Week 2016, to be held from October 16-20. The telecom regulator said its aim is to provide a ...

  Dubai / Emirates Business Dubai World Trade Centre (DWTC) is set to kick off its high-impact events season on September 4 with the 34th International Congress of the International Society of Blood Transfusion (ISBT). DWTC will host over 100 exhibitions, conferences, trade and entertainment events over the next four months (September – December 2016), attracting an estimated 1.2 million ...

  Bloomberg The global steel glut is shaping up as a hot-button issue as leaders of the Group of 20 major economies meet in China, securing a mention in their communique. That would show that overcapacity in steel — for which China has come in for criticism — remains on the radar for the world’s biggest economies months after it ...

  AFP India’s richest man Mukesh Ambani announced that his Reliance Industries’ long-awaited 4G mobile services would finally launch this month, sending shares of rival Bharti Airtel plummeting almost seven percent. Ambani told shareholders at the Mumbai-based company’s annual general meeting that the multi-billion-dollar telecommunications network, called Reliance Jio Infocomm, would be rolled out from September 5 following repeated delays. ...

  AFP China will launch an anti-trust probe into the $3.8 billion merger of US media giants Comcast and DreamWorks Animation, the country’s commerce ministry said. In April, Comcast — the biggest cable television operator in the US — bid for the creators of the Kung-fu Panda series, a smash hit in China. A Chinese company lodged a complaint about ...

  Bloomberg India must have a strong and independent central bank to ensure macroeconomic stability in the world’s fastest-growing major economy, Reserve Bank of India Governor Raghuram Rajan said a day before his term ends. central banks should be independent and should be able to say no to seemingly attractive proposals,” Rajan said in a speech in New Delhi on ...

  Bloomberg Tens of thousands of people took to streets of Taipei City, Taiwan, on Saturday in protest against pension-reform procedures, adding to growing woes for President Tsai Ing-wen who faces a decline in approval ratings after three months in office. More than 110,000 people took part in the rally, Cti TV reported. The protest, attended by former premier Hau ...