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GMIS to put manufacturing at heart of future coop with Poland

  Dubai / Emirates Business The Global Manufacturing and Industrialisation Summit (GMIS) has underscored its role as a facilitator and global promoter of manufacturing activities by signing a pact with the Polish Chamber of Commerce to strengthen manufacturing links between Poland and the global community. GMIS, which will be held in the UAE’s capital, Abu Dhabi, in March 2017, is ...

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Car washing sector gathers momentum in UAE

  Dubai / Emirates Business In a survey conducted by VIS, the organisers of Middle East Cleaning Technology Week (MECTW) UAE residents have their vehicles professionally cleaned on average three times a month. Emiratis on average have their automobiles cleaned four to five time a month. With the average cost of cleaning a car varying from AED 35 to AED ...

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India backs multi-tier national tax regime

  Bloomberg India has backed a multi-tier national tax regime that even in its not-so-perfect form will be a game-changer for Prime Minister Narendra Modi, who is trying to revive manufacturing and boost foreign investment in the world’s fastest growing major economy. Moving away from the ‘one market, one rate’ tax model, the Goods and Services Tax Council decided on ...

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Ousted Thai PM sells rice amid tumbling prices

  AFP Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand’s rural heartlands and sent the junta scrambling to roll out rescue packages and head off potential unrest. ...

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Oracle wins shares needed to clinch $9bn NetSuite buy

  Bloomberg NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag. The deal received approval from 53 percent, or 21.78 million shares, of NetSuite stockholders that were eligible to endorse the bid, Oracle said in a ...

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Dow-DuPont beset by delays as EU demands missing deal info

  Bloomberg Dow Chemical Co. and DuPont Co. face further delays to their plan to create the world’s biggest chemical company after the European Commission demanded more information about the $59 billion tie-up. The European Union’s merger regulator “stopped the clock” in its in-depth investigation on Oct. 13, the watchdog said in an e-mail on Friday. This happens “if the ...

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Iraqi forces in new push to make advance into Mosul

  Bartalla / AFP Iraqi special forces threw themselves back into battle on Saturday after a first foray into Mosul was blunted by stiffer than expected resistance from extremists defending the birthplace of their “caliphate”. While the elite Counter-Terrorism Service (CTS) fought the IS group in the streets of Mosul, the army and federal police attacked one of the last sizeable ...

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UAE celebrates Flag Day

  Dubai / WAM In celebration of Flag Day, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, raised the UAE flag in Zabeel Park on Thursday morning in the presence of more than 20,000 school students, representing almost 120 different nationalities residing in the country. The Vice President, Prime ...

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UAE, Fiji to boost economic ties

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the visiting President of the Republic of Fiji, George Konrote on Thursday. Sheikh Mohammed welcomed Konrote and his accompanying delegation. They discussed friendship ties and co-operation between the UAE and Republic of ...

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Unite against destructive, extremist ideas: Mohamed

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Grand Imam Dr. Ahmed Al-Tayeb of Al-Azhar and The Archbishop of Canterbury Justin Welby. The two religious figures are visiting the country to attend the sessions of interfaith dialogue on integration, religious ...

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