Uncategorized

Sharjah / Emirates Business Gulftainer, the world’s largest, privately owned, independent port operator based in UAE, announced that it had recorded gross crane productivity of 32.2 crane moves per hour at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid. The milestone feat achieved in April 2018, compares to the industry average of 25 crane moves per hour, ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Securities and Futures Commission, HK-SFC, have entered into a cooperation agreement to jointly promote and support financial services innovation in the UAE and Hong Kong. The agreement was signed between Philippe Richard, Director of International Affairs of the Financial Services ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has revealed that it participated in the worldwide celebrations of Global Exhibitions Day (GED) on June 6, highlighting the strategic importance of the MICE industry to the growth of world economies. The GED initiative, which began in 2016, has seen an ever-growing number of participants and is actively supported by ...

Bloomberg The US and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the US finalising a deal to allow China’s ZTE Corp. to resume purchases from American suppliers. Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has ...

Bloomberg China has detained 245 people after a nationwide raid of gangs suspected of illegally selling more than 2.4 million metric tons of steel scrap to buyers across Southeast Asia. Chinese authorities carried out multiple raids starting after an investigation into unusual activity unearthed a network that was shipping scrap without fully paying the 40 percent export duty, the General ...

Bloomberg Companies facing the potential threat of tariffs and other trade barriers after Brexit are stepping up contingency planning, with some retailers creating new sites in continental Europe to avoid snags. US pharmaceutical giant Merck & Co. is planning for the possibility of a temporary supply blackout when the UK leaves the European Union and may stockpile as much as ...

Bloomberg California and the auto industry mostly agree that the state should maintain a role in setting vehicle emissions standards despite Trump admin- istration efforts to curb its authority, according to the head of the California Air Resources Board. “We are now, I think it is fair to say, in a confusing situation,” Mary Nichols said at the Edison Electric ...

Bloomberg US job growth in May vaulted payroll gains above 1 million in 2018, reaching the milestone a month earlier than in the past two years. Whether the labor market can maintain such a breakneck pace amid a diminishing pool of skilled workers is another question. Employers added 223,000 jobs last month, more than forecast and bringing payroll gains for ...

Bloomberg Prime Minister Shinzo Abe has plenty to worry about ahead of Donald Trump’s meeting with Kim Jong-un next week, including the prospect of a deal that undermines Japan’s six-decade security alliance with the US and leaves the island nation vulnerable to attack. But it’s another issue that will top Abe’s agenda when he meets Trump at the White House ...

Dubai / Emirates Business Continuing its work with the international maritime and arbitration communities, the Emirates Maritime Arbitration Centre (EMAC) sponsored and attended the Posidonia, The International Shipping Exhibition in Greece this year. Posidonia is a must-attend event for all maritime concerns, attracting over 10,000 visitors from the international shipping community. This international exhibition began in 1969 and ever since ...