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‘UAE plays lead role in promoting values of tolerance globally’

  Dubai / WAM The UAE is playing a vital role in deepening the values of tolerance, peace and harmony among the members of the community, said Nurlan Yermekbayev, Minister for Religious and Civil Society Affairs, Kazakhstan. The minister praised the UAE’s commitment to the principles of dialogue, peace, co-operation, and mutual respect and understanding, and highlighted the country’s efforts to ...

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Hi2, UTPS team up to protect SME innovations and patents

  Dubai / Emirates Business The Hamdan Innovation Incubator (Hi2) in Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a memorandum of understanding with the United Trademark & Patent Services [UTPS] to support innovation among Hi2 members and provide them with a competitive intellectual ...

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ADNOC and Al Masaood open Autoserv Centre in Abu Dhabi

  Abu Dhabi / Emirates Business ADNOC Distribution, in collaboration with Al Masaood, launched an Autoserv Centre at its Rabdan service station in Abu Dhabi’s Mushrif area. Managed by Al Masaood, vehicle owners in Mushrif visiting the Autoserv Centre can benefit from the expertise of highly skilled technicians who ensure the delivery of best-in-class, reliable services. Vehicle repair services offered ...

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Private sector entities gear up to play crucial role in DSF 2017

  DUBAI / Emirates Business The Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), lauded the solid partnership between the government and private sectors, describing it as a unique role model of public-private collaboration that works collectively with a single-minded purpose to achieve the common goal of promoting a destination. ...

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‘Saudi youth support major investment in renewables’

  ABU DHABI / Emirates Business Ambitious plans set out by the Kingdom of Saudi Arabia for the deployment of renewable energy are strongly aligned with the hopes and ambitions of the country’s young people, according to global research commissioned by Masdar, Abu Dhabi’s renewable energy company. The Masdar Gen Z Global Sustainability Survey, which spoke to around 5,000 youth aged ...

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Abe, Obama hail reconciliation after Pearl Harbor pilgrimage

  Pearl Harbor / AFP The leaders of war-time enemies America and Japan made a poignant joint pilgrimage to Pearl Harbor, issuing symbolic declarations about the power of reconciliation and warning against the drumbeat of conflict. Seventy-five years after Japanese pilots brought war to idyllic Hawaii and dragged the United States into World War II, Japanese Prime Minister Shinzo Abe offered ...

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S Korean antitrust agency slaps $853 million fine on Qualcomm

  Bloomberg South Korea’s antitrust regulator slapped a record 1.03 trillion won ($853 million) fine on Qualcomm Inc. for violating antitrust laws, the latest in a string of government actions that threaten the US chipmaker’s most profitable business. The South Korean Fair Trade Commission said on Wednesday that the company licensed its key patents only to mobile-phone makers and didn’t ...

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‘China marks growth across all industries’

  Bloomberg The world’s No. 2 economy showed improvement in the fourth quarter with gains across all industries, according to the China Beige Book. Revenues, profits, jobs and capital expenditures improved from the third quarter while new orders were stable, according to the private survey released by CBB International, which collects anecdotal accounts similar to those in the Federal Reserve ...

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Manhattan luxury co-ops fall out of favour

  Bloomberg The luxury Manhattan co-op, a longtime sign of real estate prestige and exclusivity in New York, may be losing its appeal. Blame a glut of newly built high-end condos. Contracts for co-op apartments priced at $4 million or more fell 25 percent this year from 2015, as buyers with means opted for newer homes with more amenities and ...

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Brexiteers push for better EU-UK trade deal

  Bloomberg Supporters of Britain’s exit from the European Union wrote to business groups in the 27 other nations in the bloc urging them to push their governments for a “sensible agreement” for trade after Brexit to avoid disrupting trade. “Many EU member states export significant amounts of goods to the UK and the erection of barriers to this trade ...

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