Uncategorized

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), and Injazat Services have announced the establishment of the Sharjah Investors Services Centre, which will operate as the emirate’s first ‘one-stop-shop’ high-end facility providing fully-integrated and streamlined services to investors looking to set up businesses in Sharjah. The new centre, to be headquartered in Al Qasba, Sharjah, will be a ...

Dubai / WAM Visitors from around the world will be wowed by the German Pavilion that will take them on a unique and exciting educational journey through a ‘world of sustainability’ at Expo 2020 Dubai. The design of the pavilion and its theme, ‘Campus Germany’, were revealed on Wednesday at an event in Dubai, attended by Ernst Peter Fischer, Ambassador ...

Bloomberg Kim Jong-un looks like he did just enough on Wednesday to get stalled talks with US President Donald Trump back on track, without coming close to giving up North Korea’s nuclear weapons. During a second day of meetings with Moon Jae-in, the first South Korean leader to visit Pyongyang in 11 years, Kim agreed to dismantle a key missile ...

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

Bloomberg Chinese art and antiquities have been spared from President Donald Trump’s tariffs. At least so far. Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods ...

Bloomberg The trade dispute between the US and China will continue for the foreseeable future and escalate, and is going to be painful for Americans, according to a former US trade negotiator. “For the foreseeable future, we’re going to be in a tariff world and we’ll see escalation,” said Asia Society Vice President Wendy Cutler, formerly a negotiator at the ...

Bloomberg A so-called Brexit without a trade deal between the UK and the European Union could cost the car industry and consumers at least $6.7 billion a year in vehicle tariffs, according to a report by a British industry group. The Society of Motor Manufacturers and Traders said the estimate is based on levies of 10 percent on cars exports ...

Bloomberg The European business of coffee chain Starbucks Corp. paid an effective UK tax rate of 2.8 percent last year after a payment from another part of the company boosted profits, the Financial Times reported. The company paid $5.9 million in UK taxes on a profit of $213 million in the year ended October 2017, down from earnings of $219 ...

Abu Dhabi / WAM A new minister of the UAE government and two judges took the oath on Tuesday before His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. ...

Dubai / WAM Dubai’s non-oil foreign trade recorded AED645 billion in the first half of 2018, an increase of AED5 billion from 2017 figures. Dubai’s re-exports registered a AED24 billion increase and grew 14 percent to AED203 billion, which reflects the robust and healthy position Dubai leads as a distinctive regional and international re-export hub, while imports touched AED377 billion ...