NEW DELHI / WAM The UAE will be an important participant in the India International Trade Fair (IITF) to be held in New Delhi from November 14-27, India’s Ministry of Commerce and Industry announced on Saturday. The ministry said India’s other trade partners which have confirmed their attendance at the annual exhibition, described as “one of the most awaited business ...
Read More »
ABU DHABI / WAM Counselor Ismail Madani, Senior Advocate General and Head of Public Funds Prosecution on Saturday affirmed that the Public Prosecution is continuing its unremitting efforts to implement the national strategy to combat money laundering and terrorism financing crimes and put in place a strong financial crime control system in the UAE. He said the Public Prosecution also ...
Read More »
SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, welcomed a French delegation headed by Nathalie Kennedy, Consul-General of the French Republic in Dubai, to discuss the potential of strengthening collaboration between Sharjah and the French capital in vital sectors, including culture, education, and tourism. At a meeting, held in presence of ...
Read More »
Bloomberg China’s President Xi Jinping urged Group of Twenty (G20) leaders to treat all Covid-19 vaccines equally as he pushed for greater mutual recognition of World Health Organization-approved shots. Addressing the summit via video link, Xi called on nations to back the World Trade Organisation making an early decision on whether to waive intellectual property rights for vaccines and encouraged ...
Read More »
Bloomberg Joe Biden’s proposed incentives for US electric-car buyers could be challenged as unfair and a violation of the new North American trade pact, a Canadian auto-industry leader warned. The White House plan as part of the president’s latest budget package, would offer buyers of vehicles made by unionised US workers an additional $4,500 in credits above the $7,500 available ...
Read More »
Bloomberg Brazil’s stocks, bonds and currency are posting some of the worst returns in the world this month amid deteriorating public finances, a worsening growth outlook and political turmoil. The Ibovespa stock benchmark posted its fourth straight month of losses, its worst run since 2014, and closed in a bear market, down 21% from its June peak. The real has ...
Read More »
Bloomberg Argentina will allow foreign tourists to transfer dollars into a local account and exchange them to pesos at a more lucrative parallel exchange rate, bypassing capital controls in a bid to lure travelers. Tourists traveling from abroad can open a temporary bank account in Argentina before their trip and transfer up to $5,000 into the country, the central bank ...
Read More »
Bloomberg US employment costs rise at the fastest pace on record in the third quarter as companies across a variety of sectors raised wages against a backdrop of labour shortages. The employment cost index, a broad gauge of wages and benefits, rise 1.3% from prior quarter, according to Labour Department data. The gauge increased 3.7% from a year earlier. Compensation ...
Read More »
ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec) announced on Wednesday the launch of its plan for expanding the facilities and infrastructure of the group’s centres in Abu Dhabi and London, in a step that will significantly contribute to reaffirming its leading global position in the business tourism sector. The expansion plans will boost Adnec’s competitiveness and ...
Read More »
Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected its new cohort of startups to join its community in the UAE capital. Hub71 is increasing market access for founders worldwide to join and partner with Abu Dhabi’s rapidly growing tech ecosystem, which is now ranked in the top 10 startup ecosystems worldwide, according to Startup Genome. The ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.