Dubai /Â WAM Providing the public with the safest and most secure air travel is the goal of the General Civil Aviation Authority (GCAA) strategic plan for 2017-2021. The new plan focuses on various areas, including the improvement of local and global civil aviation safety, through participating in initiatives that gather all stakeholders, in addition to enhancing capabilities and supporting ...
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Cabinet approves AED248bn federal budget for 2017-2021
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, asserted that the federal government, led by the UAE President His Highness Khalifa bin Zayed Al Nahyan, continues to achieve the happiness of its people and to ensure security and a decent life for them. “Utilizing ...
Read More »DFM adds 2,627 new investors during first nine months
Dubai / WAM The Dubai Financial Market (DFM) successfully attracted 2,627 new investors during the first nine months of 2016 including 418 institutions, lifting the total number of DFM-registered investors to approximately 839,000. The foreign investors’ ownership in DFM also increased to 22.2 percent during the period, in a strong indication of their confidence in the market and its ...
Read More »DAMAC Properties unveils ‘AKOYA Fresh’
Dubai / Emirates Business DAMAC Properties, one of the leading luxury real estate developers in the region, unveiled AKOYA Fresh, a collection of 3-bedroom villas in an international golf community, presenting millennials, including young professional couples and families, with a refreshing way of life. Priced at AED 1.2 million payable over 3 years, each villa comes with a plot ...
Read More »Bangladesh telecoms caught up in $500mn tax row
DHAKA / AP By government accounts, four foreign-backed cellphone operators owe $500 million to Bangladesh in unpaid taxes. By the companies’ accounts, the figure is closer to $50 million — if it isn’t zero. As the legal row drags into its fourth year without resolution, telecommunications analysts warn it is putting pressure on the industry that is Bangladesh’s single ...
Read More »NZ economy milks clamour for Middle Earth
Wellington / AFP Peter Jackson’s “Lord Of The Rings” and “Hobbit” series have proved to be as precious to New Zealand’s economy as any magical ring as millions flock to the country for a glimpse of Middle Earth, making tourism the main driver of growth. For years, coffers have been supplemented mainly by booming sales of dairy products from ...
Read More »EU, Canada ink trade deal
Brussels / AFP Canadian Prime Minister Justin Trudeau and European Union leaders on Sunday finally signed a landmark trade deal seven years in the making, after it was nearly being torpedoed by a small region of Belgium. The ceremony in Brussels had been pushed back from Thursday after French-speaking Wallonia, with just 3.6 million people, initially vetoed an agreement ...
Read More »Nissan assured UK to seek tariff-free Brexit deal
Bloomberg UK Business Secretary Greg Clark wrote to Nissan Motor Co. setting out four key assurances, including a pledge to seek tariff-free access to the European Union market in a post-Brexit deal, to persuade the company to make a new investment at a plant in northeast England. “What I said is that our objective would be to ensure that ...
Read More »Iraqi militiamen battle IS southwest of Mosul
Qayyarah /Â AFP Iraqi paramilitary forces battled the IS group southwest of Mosul on Sunday, the second day of an operation to cut extremist supply lines between the city and neighbouring Syria. Tens of thousands of Iraqi troops and Kurdish peshmerga fighters have been advancing on Mosul from the north, east and south after the launch on October 17 of ...
Read More »Trump turns up heat over Clinton email probe
Miami / AFP Donald Trump stepped up his attacks against Hillary Clinton, seeking to exploit the FBI’s decision to reopen an investigation into her emails, as America’s bruising election campaign heads into its final stretch. Just 10 days before the country goes to the polls to elect either the former US secretary of state or the bombastic Republican billionaire, ...
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