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UAE to strengthen trade, economic and investment ties with Cuba

  Havana / WAM The UAE is keen to strengthen co-operation with the Republic of Cuba in areas such as trade and economy, investment and tourism, as the bilateral economic support will significantly benefit the people of both countries, said Sultan bin Saeed Al Mansouri, the UAE Minister of Economy. “We had the pleasure of exploring Havana and seeing the rich ...

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2.5mn UAE consumers affected by cybercrime last year

  Dubai / Emirates Business Norton by Symantec (NASDAQ: SYMC), on Tuesday released findings from its annual Norton Cyber Security Insights Report, revealing 2.53 million consumers in the UAE have been victims of online crime in the past year as hackers take advantage of consumer complacency. The report shows that despite spending more than AED 5.2 billion (US $1.4 billion) ...

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S Africa slows N-plans as rating assessments loom

  Bloomberg South Africa delayed plans to build nuclear power plants as economic growth stalls, easing spending concerns as the country faces the risk of being cut to junk by credit-rating companies. The rand strengthened the most of major currencies against the dollar. The new timeline sees the first additional nuclear power plant coming on stream in 2037, compared with ...

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Edcon returns to profit as Bain cedes control of retailer

  Bloomberg Edcon Holdings Ltd. returned to profit in the second quarter after debt repayment costs eased following the exit of US private equity firm Bain Capital, while South Africa’s biggest clothing retailer cleared unwanted stock to boost sales during the busy festive period. Net income for the three months through September was 163 million rand ($11.5 million), the Johannesburg-based ...

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Brazil’s construction material exports to Arab world rises

  Dubai / Emirates Business The Arab-Brazilian Chamber of Commerce (ABCC) has recently noted the significant growth in construction material exports to the Arab World. The strong numbers indicate that the UAE is a leading country for Brazilian exports in 2016 with US$15.69 million recorded for the year alone so far. This reflects the strong trade relations between Brazil and ...

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Etihad attracts students for career in aerospace

  Abu Dhabi / Emirates Business Etihad Airways Engineering has opened its hangar doors to some of the UAE’s brightest minds as part of its drive to attract university students from different disciplines to consider a career in aerospace engineering. Around 50 students from Khalifa University and Higher Colleges of Technology (HCT) in the UAE have visited the Etihad Airways ...

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Civilians flee as Syria regime advances in rebel Aleppo

Aleppo / AFP Syrian pro-government forces pushed forward inside rebel-held Aleppo on Tuesday, prompting civilians to flee, as the regime pressed an assault to recapture the entire city. A week into the latest round of fighting for the city, Syrian troops had taken control of a third of the key eastern neighbourhood of Masaken Hanano, the Syrian Observatory for Human ...

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Trump vows to withdraw from TPP ‘on day one’

  Washington / AFP Donald Trump said the United States would signal its withdrawal from the Trans-Pacific Partnership (TPP) trade pact on his first day in the White House, one of six immediate steps aimed at “putting America first.” The Republican billionaire—who for 10 days has been sounding out cabinet picks at his Trump Tower offices in New York—made the pledge ...

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Supporting UAE innovators a key pillar of future work

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, stressed the importance of long-term investment in innovation and supporting UAE innovators and enabling them to turn their ideas into innovative projects that benefit people. “Supporting UAE innovators is a key pillar of the future work and efforts ...

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Facebook announces 500 new jobs in ‘global hub’ London

  London / AFP Facebook on Monday became the latest US tech giant to announce new investment in Britain with hundreds of extra jobs but hinted its success depended on skilled migration after Britain leaves the European Union. The premier social network underlined London’s status as a global technology hub at a British company bosses’ summit where Prime Minister Theresa ...

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