Abu Dhabi / WAM The UAE will host the Interfaith Alliance Forum in the nation’s capital, Abu Dhabi on November 19-20, under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The announcement came during a press conference held at the Ministry of Interior ...
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SCCI wraps up trade mission to food expo in Moscow
Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), concluded the activities of its trade mission to the WorldFood Exhibition in Moscow, which it organised in cooperation with the Federation of UAE Chambers of Commerce and Industry. The SCCI, which was represented by the Sharjah Exports Development Centre, attended the activities of the exhibition. The trade mission was ...
Read More »Russia to give Syria missile systems in defiance of Israel
Bloomberg Russia will provide advanced S-300 missile systems to Syria and directly link up with the air-defense network of its Middle Eastern ally, stepping up support for the regime of President Bashar al-Assad after the downing of a reconnaissance plane last week. Moscow blamed the shoot-down of the aircraft, which killed 15 Russian servicemen, on Israel, whose planes were attacking ...
Read More »S’pore watchdog fines Uber, Grab $9.5mn over merger
Bloomberg Singapore regulators fined Uber Technologies Inc. and Grab S$13 million ($9.5 million) for antitrust violations after the Asian ride-hailing giant acquired its US rival’s regional operations. Effective fares in the city-state rose between 10 percent and 15 percent after the “anti-competitive merger,†the Competition and Consumer Commission of Singapore said in a statement. While the watchdog didn’t nullify the ...
Read More »North Korea seeks investments, says business chief from South
Bloomberg North Korea signaled it wants to bring in investments from South Korean companies to help modernise the secluded country, according to one of the business chiefs that went to Pyongyang last week. North Korea wants to have economic cooperation and technical assistance from the South, Sohn Kyung-shik, the 79-year-old co-chairman of CJ Group and the head of the Korea ...
Read More »China says it won’t hold trade talks unless US stops threats
Bloomberg China dashed prospects for a near-term resolution to the trade war with the US, warning President Donald Trump his threats of further tariffs are blocking any potential negotiations. The response, which came just over an hour after the US imposed new duties on $200 billion in Chinese goods on Monday, underscores a deepening gulf between both governments in a ...
Read More »With or without Amazon, Miami wants to be tech hub
Bloomberg With Miami still on Amazon.com Inc.’s short list for a new headquarters, entrepreneurs gathered at the Endeavor Miami ScaleUP Summit to assess the city’s prospects as a technology hub. The takeaway? Amazon or not, most speakers thought the city was uniquely placed to benefit from its location between US and Latin American business hubs, as long as it could ...
Read More »Harley is winning in Europe—without a trade war
Bloomberg Willi Breuckmann could have gone for the BMW motorcycle—it was a comfortable and affordable machine. And it made sense for him to stick with a ride made in his own country, Germany. Instead, he chose a Harley-Davidson. The Road King. “It comes down to a feeling,†what the Germans call “ein Gefühl,†said Breuckmann, a 54-year-old web developer who ...
Read More »Expo 2020 Dubai’s pavilion will become ‘magnet’ for visitors
DUBAI / WAM Millions of people from around the world will have the chance to make meaningful contributions to global development goals at Expo 2020 Dubai’s Opportunity Pavilion, the final major design element to be unveiled ahead of the next World Expo. Complementing Expo 2020’s two other Thematic Pavilions, which are inspired by the subthemes of Mobility and Sustainability, the ...
Read More »Dubai Chamber to head working group on SME banking challenges
Dubai / WAM The Dubai Chamber of Commerce and Industry will head a new working group, which will be responsible for engaging various public and private sector stakeholders and tackling a variety of banking challenges faced by SMEs, startups and entrepreneurs in Dubai. The announcement of the new working group was among the key recommendations outlined by industry experts who ...
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