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Sharjah to host ‘Investing in the Future’ conference

  Sharjah / Emirates Business In the presence and under the patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and his wife, Her Highness Sheikha Jawaher bint Mohammed al Qasimi, Chairperson of the ‘Big heart’ Foundation, Chairperson of NAMA Women Advancement Establishment, the second edition of the ‘Investing in the ...

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‘Disaster’ as residential blocks bombed in Aleppo

  Aleppo / AFP Dozens of civilians were killed as air strikes flattened residential buildings in rebel-held east Aleppo Monday, despite Western warnings of sanctions against Syria and Russia over attacks on the city. Once Syria’s thriving commercial hub, Aleppo has been ravaged by bombing raids and intensifying clashes as President Bashar Al-Assad’s forces fight to capture opposition-held parts of the ...

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60 killed as troops-rebels fighting surges in S Sudan

  Malakal / AFP At least 56 rebels and four government troops were killed in heavy weekend clashes in northeastern South Sudan, in a worrying surge of violence in the world’s youngest nation. Sudan People’s Liberation Army (SPLA) spokesman Brigadier General Lul Ruai Koang said on Monday that rebels aligned with former vice president Riek Machar attacked government troops near ...

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UK no longer among top five investment sites

  Bloomberg The UK dropped out of businesses’ top five locations for investments for the first time in seven years as fears about the country’s plans to exit the European Union added complexity to international deals, consultants Ernst & Young LLP said in a survey of executives. British businesses rank behind investments in the US, China, Germany, Canada and France, ...

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Manhattan rents are down, but not affordable yet

  Bloomberg Manhattan rents decreased in September, marking only the second time since February 2014 that median rents for the borough fell from a year earlier. That’s great if you’re single and earning $100,000 a year, or part of a household that spends $100,000 a year on rent. For everybody else in New York, the new rental market data, published ...

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China’s growth slumps to seven-year low

  AFP China’s growth slipped to a seven-year low of 6.6 percent in the third quarter, according to a survey, despite ample stimulus and a red-hot property market in the world’s second-largest economy. The median forecast for expansion in gross domestic product (GDP), based on a poll of 18 economists, represents an easing from the second quarter’s 6.7 percent. It ...

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China may ease coal curbs to boost supply

  Bloomberg China will continue to relax policies designed to shrink its coal production capacity by allowing some mines to boost output to cool rising prices, according to Australia’s Whitehaven Coal Ltd. The world’s biggest producer and user of the fuel may increase the number of days of production allowed at “better mines” while limiting activity at less efficient ones, ...

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UAE Authorized Economic Operator program launched

  DUBAI / WAM On the first day of the Gulf Information Technology Exhibition (Gitex 2016), Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Authorized Economic Operator (AEO) programme. The AEO programme is a federal programme that connects the UAE with the rest of the world in ...

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Cabinet Oks Agenda 2021 plan

  Ras Al Khaimah / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said his message to the people of the UAE on the National Agenda 2021 aims to foster transparency between the government and people. “The National Agenda 2021 sums up government work and shortens the goals ...

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Dubai electronics market to grow US$3 billion by 2020

  Dubai / WAM Dubai consumer electronics market size is forecast to grow at 4.7 percent over the next 4 years to exceed US$3 billion by 2020, according to a recent analysis of Dubai Chamber of Commerce and Industry, released on the occasion of chamber’s participation in the GITEX Technology Week, 2016. According to analysis based on the latest UAE retail ...

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