Uncategorized

  Sharjah / Emirates Business His Highness Sheikh Sultan bin Mohammed Al Qasimi, member of the Federal Supreme Council and Ruler of Sharjah, approved a budget of AED 22 billion for 2017, the largest in the emirate’s history. The total amount is a 3% increase from 2016’s budget and focuses on several strategic objectives and indicators within the economic, social, ...

  Dubai / WAM Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has dedicated his Accession Day, January 4th, to the launching of the UAE Food Bank, a non-profit charitable organisation committed to distributing food to those in need while eliminating food waste. The UAE Food Bank will collaborate with local authorities as ...

  Abu Dhabi / Emirates Business Abu Dhabi enjoyed an extremely busy New Year’s period with the emirate’s diverse programme of multiple leisure activities, hotel and dining promotions, music concerts, cultural festivals and entertainment events that were held during December, proving extremely popular with both residents and visitors. As 2016 came to an end, and the emirate welcoming in the ...

  Dubai / Emirates Business Dubai Trade, the single window for cross-border trade and a DP World company, celebrated the graduation of more than 270 trainees in its certified training programmes. The Certified Trade & Logistics Professional (CTLP) programme available in English and Arabic is offered to professionals working in different sectors in the trade and supply chain such as ...

  WASHINGTON / AP Members of the 115th Congress were expected to be sworn in at noon Tuesday, setting off an aggressive campaign by Republicans who control the House and Senate to dismantle eight years of President Barack Obama’s Democratic policies. The first and biggest target is Obama’s health care law, which Republicans have long sought to gut and blamed ...

  BEIRUT / ap Syrian government forces pressed ahead with their offensive in the water-rich Barada Valley northwest of Damascus on Tuesday as 10 rebel groups said they were suspending talks about planned peace negotiations because of what they describe as ongoing government violations of a cease-fire deal. The cease-fire, brokered by Russia and Turkey, is meant to be followed ...

  Bloomberg Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. Gross domestic product rose an annualized 9.1 percent in the three months to December from the previous quarter, when it declined a revised 1.9 percent, the trade ministry said in a statement on Tuesday. The median estimate of ...

  Bloomberg China’s factories and services both closed out 2016 on relatively robust notes that signal growth is strong enough for policy makers to keep pushing for economic reforms in 2017. The manufacturing purchasing managers index stabilized near a post-2012 high in December, edging down to 51.4 from 51.7 the prior month. The non-manufacturing PMI slipped to 54.5 from a ...

  Bloomberg The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressures in the months ahead. Consumer prices rose 1.7 percent from a year ago, recording the biggest jump on record, the Federal Statistics Office in Wiesbaden said on Tuesday. Economists surveyed by ...

    Bloomberg UK manufacturing grew at the fastest pace in 2 and a 1/2 years in December, helped by the pound’s deprec- iation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum — dropping below the key 50 level in July — the IHS Markit Purchasing Managers Index has since ...