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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai,said that developing the sciences are a top priority for the UAE, given its importance to achieve the government’s strategic objectives by assisting and advising government bodies in their various development projects. “The prosperity of any society lies in investing ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has called on UAE residents to adopt activities and programmes that preserve environmental resources, with the aim of guaranteeing that they can both sufficiently support the country’s needs, and adequately offer future generations a high quality of ...

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

Bloomberg A $7.1 billion rail corridor in Rajasthan that’s set to cut freight times between India’s capital New Delhi and the business hub of Mumbai to 14 hours from 14 days is finally showing signs of progress. About 800 kilometres away in Gujarat, a 920-square-kilometre industrial area is taking shape near the village of Dholera, with hundreds of workers fusing ...

Bloomberg Mercedes-Benz, edging past long-time China luxury-car market leader Audi, expects another 2018 to be another bumper year in the world’s biggest auto market as consumer appetite for high-end vehicles like the E-Class sedan shows no signs of slowing. “Significant double-digit growth” is expected for next year after a 28 percent jump in deliveries there this year through November, Hubertus ...

Bloomberg European Union finance ministers were expected to discuss US legislation to slash taxes at a meeting in Brussels on Tuesday and whether the new plan violates international trade rules. The centerpiece of the tax bill that passed the US Senate is a reduction in the corporate tax rate to 20 percent from 35 percent. The bill still needs to ...

Bloomberg BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups. The planned increase to about 150,000 cars sold would represent a 50 percent rise from this year, and a jump of about two-thirds from last ...

Bloomberg The UK’s Cineworld Group Plc agreed to buy US theatre operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The $23-a-share deal comes a week after the companies confirmed news reports of takeover discussions, jolting cinema-operator stocks. The price represents a 26 percent premium to Regal’s close on November 27, the day before ...

Bloomberg Saudi Arabian warplanes bombed the presidential palace in Yemen’s capital, stepping up attacks on Houthi rebels after they killed the country’s former president just when he appeared set to switch sides and offer the Saudis a way out of the conflict. The palace in Sana’a, currently used by the Houthi leadership, was pounded by at least seven airstrikes late ...

Dubai / Emirates Business Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place out of the 300 cities surveyed, Dubai moved up ranking in each successive year from 36th place in ...