Uncategorized

  Dubai / Emirates Business A high-profile delegation from Saudi Arabia’s General Authority for Small and Medium Enterprises (SMEs), visited the Dubai Future Accelerators (DFA) program’s headquarters in in Jumeirah Emirates Towers Offices. The Authority was recently established to support and develop small and medium enterprises in Saudi Arabia, and increase their contribution to the economic development of the Kingdom. ...

  Aleppo / AFP Buses began entering the last rebel-held parts of Aleppo on Sunday to resume the evacuation of thousands of increasingly desperate Syrian civilians and rebels trapped in the besieged enclave. As international alarm grew over the plight of the residents including women, children, the sick and wounded, the UN Security Council was to vote on whether to send ...

  Berlin / AFP Chancellor Angela Merkel said on Tuesday that German authorities believe a deadly rampage by a lorry driver at a Berlin Christmas market was a “terrorist” attack likely committed by an asylum seeker. Police were questioning a suspect, described by media as a 23-year-old man from Pakistan or Afghanistan who had arrived via the so-called Balkan route ...

  Bloomberg For unionized auto workers, even amid a booming US market, the only safe jobs of late have been building pickups and sport utility vehicles. Within the next month, General Motors Co. plans to permanently cut about 3,300 employees at three car plants, as the largest US automaker slashes production of models including the Chevrolet Cruze compact. The Detroit-based ...

  Bloomberg A federal judge said Volkswagen AG continues to make progress in settlement talks with car owners and regulators to fix or get about 80,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines off US roads. US District Judge Charles Breyer, saying he was optimistic a resolution would be reached, ordered a “final continuance” and told lawyers ...

  Bloomberg In Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more than a dozen handlooms lie idle. Abedin is part of the collateral damage of Modi’s Nov. 8 decision to ban high-value currency notes, effectively canceling 86 percent of cash in circulation. ...

  Bloomberg A lawsuit filed by Alibaba Group Holding Ltd. is shining a light on the fake reviews and purchases on its websites. China’s biggest e-commerce operator sued Shatui.com, which allegedly links merchants with people willing to falsify purchases and write positive comments that can drive sellers up Alibaba’s rankings. The suit in Hangzhou West Lake District People’s Court is ...

  ABU DHABI / WAM The value of shares bought by foreign investors registered at the Abu Dhabi Securities Exchange in November 2016, amounted to AED2.97 billion, constituting 48.3 per cent of the total trading value. Meanwhile, foreign investors sell value during the same period reached AED2.9 billion, constituting 48.5 per cent of total turnover. As a result, net foreign ...

  Abu Dhabi / WAM Due to the dramatic drop in oil prices in 2014, the decline in the emirate’s growth expectations is inevitable, but such decline is expected to be mitigated by the contribution of non-petroleum commodities sectors which will reduce the impact of the decline in oil prices, according to the 2nd Abu Dhabi Competitiveness Report 2016, issued by ...

  Dubai / WAM The Dubai Financial Services Authority (DFSA) hosted an outreach event for its regulated community and other stakeholders to discuss known and emerging cyber risks and trends, and the steps that should be taken to prevent, detect and respond to them. It was acknowledged that globally, cyber-attacks are increasing in scale and sophistication from highly organised groups of ...