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Hamdan opens Gulffood 2017

  Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, on Sunday opened the 22nd edition of the Gulfood 2017, the food and beverage exhibition, at Dubai World Trade Centre. After the formal inauguration Sheikh Hamdan toured the 1,000,000 sq.ft. show, which is set to run for five days and ...

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Dubai South inaugurates new Business Centre to support SMEs

  Dubai / WAM Dubai South launched its new Business Centre in the Business Park to allow companies to leverage its strategic location in close proximity to the Al Maktoum International Airport and Expo 2020 Dubai. Meeting market demand and anticipating the accelerated growth of innovative start-ups and small and medium-sized enterprises, SMEs, in the country, the new business centre was ...

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DCCI forum seeks to strengthen relations between UAE, Latvia

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted the UAE-Latvia Business forum at its premises on Sunday, which focused on enhancing trade relations and economic cooperation between the two countries. The forum was attended by a high-level delegation led by Raimonds Vejonis, President of Latvia, and the country’s deputy prime minister and economy minister, ...

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Environmental chief assures rollback of Obama-era rules

  Bloomberg US environmental chief Scott Pruitt unveiled plans to roll back at least three Obama-era rules at the EPA while vowing to give businesses “regulatory certainty.” Those policy reversals, set to start next week, will empower the Environmental Protection Agency to focus on its core mission of protecting the air and water, Pruitt said in a speech and question-and-answer ...

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Auto lender backs away from ignition kill switch

  Bloomberg Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders, has decided not to use GPS-tracking and ignition kill swi- tch technology as regulators clamp down on the devices, an executive said. Car lenders use the devices to help them find and repossess cars when borrowers default on loans, which is becoming increasingly common amid ...

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Malaysia: Poisoning of Kim caused paralysis, quick death

  KUALA LUMPUR / AP Malaysia’s health minister said on Sunday that the dose of nerve agent given to North Korean ruler Kim Jong Un’s exiled half brother was so high that it killed him within 20 minutes and caused “very serious paralysis.” Kim Jong Nam died February 13 at Kuala Lumpur’s airport in what Malaysian police say was a well-planned ...

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China to allow more IPOs to lure capital, support economy

  Bloomberg China will allow more companies to list on its stock market to boost support for its economy, the nation’s top securities regulator said, dismissing concerns that more supplies of shares can depress the market. The capital market’s recovery from a 2015 rout has been stronger than expected and is now ready for “appropriately” larger supplies of initial public ...

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From China’s factories to shopping cart, price hikes loom

  Bloomberg In China’s manufacturing heartland Guangdong, clock maker Dannol Electronics Co. is grappling with higher input costs stemming from tougher environmental regulations. Already squeezed by years of rising wage bills and intensifying domestic competition, the company recently increased asking prices by an average of 15 percent for new customers and plans to do the same with older buyers soon. ...

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Berkshire profit climbs 15% to $6.29bn on investments

  Bloomberg Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit rose 15 percent, fueled by a gain on an investment in Dow Chemical Co. Net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333, a year earlier, the Omaha, Nebraska-based company said in a statement. Operating earnings, which exclude some investment results, were $2,665 a ...

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Mexican companies craft plan to sidestep US grain imports

  Bloomberg One of Mexico’s largest business groups is working on a bargaining chip ahead of talks to renegotiate the North American Free Trade Agreement: finding alternatives to the US for grain imports. The Consejo Coordinador Empresarial, one of the nation’s top business chambers, is examining countries such as Brazil and Argentina to add new sources for soy, corn and ...

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