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Beijing / Bloomberg Global finance chiefs are stepping up their call for development lenders such as the World Bank to help support economic growth by further opening the infrastructure taps. Multilateral development banks should present concrete actions by July, according to a draft of the communique for the Group of 20 meeting on Saturday in Shanghai. G-20 finance ministers and ...

By HH sheikh Mohammed bin Rashid Over the past two weeks, I have heard and read many questions, comments, and news stories regarding recent changes to the government of the United Arab Emirates. Why, everyone seems to want to know, did we establish a Ministry of Happiness, Tolerance, and the Future, and why did we appoint a 22-year-old Minister of ...

CAIRO / WAM Egyptian President Abdul Fattah El Sisi has received speakers of Arab Parliaments who are holding their first conference in Cairo. Dr Amal Abdullah Al Qubaisi, Speaker of the UAE’s Federal National Council, and Ali Al Jarwan, Speaker of the Arab Parliament, a pan-Arab body, were among the Arab parliamentary delegation received by El Sisi. Al Qubaisi noted ...

London / Bloomberg Mayor Boris Johnson said the UK would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June. “This is a once-in-a-lifetime thing,” Johnson said. “It is not going to come round again. If we don’t do it now this thing is just going to grind on and ...

ABU DHABI / WAM In implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai, to start construction works in a series of roads & transit system projects, endorsed by His Highness during a recent visit to the Roads and Transport Authority (RTA), RTA has recently endorsed ...

ABU DHABI / WAM The Insurance Authority is discussing a proposal to establish a major national life insurance company in which all licensed national companies will hold stakes, the insurance regulator said on Saturday. The proposal is based on the performance of life insurance market valued at AED8 billion where the share of foreign companies stands at 81 percent leaving ...

Ireland / Bloomberg Ireland’s two biggest parties may be forced to bury generations of conflict borne out of the nation’s civil war to form a grand coalition after Prime Minister Enda Kenny’s government suffered massive losses in election. Kenny’s Fine Gael secured 25 percent in Friday’s election, according to a poll for broadcaster RTE, released on Saturday. Traditional rivals Fianna ...

ALKESH SHARMA Emirates Business Come March and you will be treated to the Unmanned System Exhibition (UMEX 2016) in Abu Dhabi. Keeping pace with industry innovations and market requirements, UMEX 2016 will be a standalone show that will feature live flying demonstrations and will provide an ideal platform to discuss the latest developments, trends and innovations in the UAS sector ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced the launch of the first “Real Estate Services Trustees” center. The objective of the center is to make DLD’s services accessible to the public by facilitating communication with customers along with enhancing and upgrading the services provided to ensure compliance with international best-practice standards.”Al Taboo Center” was launched under the ...

Abu Dhabi / WAM Abu Dhabi Food Control Authority (ADFCA) said Snickers, Mars, Milky Way, Celebrations chocolate bars in the markets of the emirate of Abu Dhabi are safe and meet the UAE standards. Earlier this month, chocolate giant Mars recalled these bars in 55 countries worldwide, including Holland, after the discovery of a piece of plastic in a bar ...