Dubai / Emirates Business The Dubai Chamber of Commerce and Industry organised a trade mission to Chengdu where delegates explored prospects for boosting economic cooperation between Dubai and China’s Sichuan Province. The Chamber-led delegation, represented by top UAE government officials and business leaders, participated in the Chengdu-Dubai Business Forum 2018 during their visit which coincided with the Chengdu Dubai International ...
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Sharjah children’s reading festival opens
Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday opened the 10th edition of the Sharjah Children’s Reading Festival (SCRF) 2018, at the Expo Centre Sharjah. Organised by the Sharjah Book Authority (SBA), the festival themed “Your Future Just a Book Away” has seen the participation of 134 ...
Read More »DMCC signs deal to boost trade relations with India
DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the world’s leading free zone for commodities trade and enterprise, signed a Memorandum of Understanding (MoU) with the Institute of Directors in India, during the 28th Word Congress on ‘Leadership for Business Excellence & Innovation’, taking place in Dubai. The MoU represents a commitment from both parties to strengthen ties, increase knowledge ...
Read More »UAE prioritises youth development
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured on Wednesday local schools and universities who won the Think Science Competition 2018, at a ceremony held at the Dubai World Trade Centre (DWTC). His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ...
Read More »Putin still seeks for Trump deal even after sanctions, Syria strikes
Bloomberg After US sanctions crippled an entire Russian industry and air strikes in Syria threatened the first direct clash between nuclear superpowers since the Cold War, Vladimir Putin is seeking to dial down the tension. Russia’s leader wants to give President Donald Trump another chance to make good on pledges to improve ties and avoid escalation, according to four people ...
Read More »Infosys CEO says now is time to sacrifice margins for growth
Bloomberg Salil Parekh didn’t get much time to settle in after taking over the helm of Infosys Ltd. Since becoming chief executive officer in January, the 53-year-old has crisscrossed three continents to meet with customers and employees to get his hands around the challenges facing India’s iconic tech-services giant. He talked with 48 clients in his first three months — ...
Read More »â€˜China’s Hawaii’ offers visa-free access to 33 more nations
Bloomberg China has extended visa-free access to Hainan for another 33 — mostly European and South American — countries, as President Xi Jinping seeks to boost the tropical province’s popularity among foreign tourists. New regulations expanding the travel privileges to 59 nations come into effect in May, the official Xinhua News Agency said, citing the State Immigration Administration. Tourists from ...
Read More »IBM turnaround questioned on slow growth of new businesses
Bloomberg IBM’s one-quarter growth streak is already in doubt. Shares of the technology company fell in early trading after it reported narrower profit margins and no revenue growth, excluding help from a weak US dollar. That cast a shadow over an effort to sell more-profitable cloud-based software to revive growth after five years of revenue declines. Though heading in the ...
Read More »Facebook to start complying with EU privacy rules
Bloomberg Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users. Users in Europe this week will get notifications about some of the information they’re sharing, like their religion and political views, ...
Read More »Internet sales tax ruling divides US supreme court justices
Bloomberg US Supreme Court justices signalled they are divided about whether to let states start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge tax to their customers. Hearing arguments in Washington in a South Dakota case, the justices considered overturning their 1992 ruling that made much of the inte-rnet a tax-free zone by exempting ...
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