Uncategorized

  Abu Dhabi / Emirates Business HE Eng. Sultan bin Saeed Al Mansoori, the UAE Minister of Economy, emphasized the strong economic and trade relations between the UAE and the Republic of Austria during a meeting with Dr. Andreas Liebmann, the Ambassador of the Republic of Austria to the UAE, held at the Ministry’s offices in the Capital of Abu ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) showcased the emirate’s finest family attractions, experiences and hotels last week at World Travel Market (WTM). During the exhibition, from November 7 – 10, at London’s Excel Centre the Dubai Tourism delegation, along with over 50 industry partners, used it as a platform to highlight the ...

  Mosul / AFP Iraqi forces piled pressure on the IS group around Mosul on Thursday, moving closer to cutting off the extremists’ escape route west to Syria and thrusting deeper into the east of the city. Pro-government paramilitaries advancing on the town of Tal Afar, which commands the city’s west approaches, entered its airport, while troops moving up from the ...

  Dubai / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, announced recently that it has signed a strategic partnership with Fujairah Government Human Resources Department (FHRD). Through this alliance UAE Exchange will offer special benefits with regards to the financial services and solutions provided to employees working in government entities in the Emirate ...

  NEW YORK / AFP President-elect Donald Trump and his team are battling back against charges of chaos and infighting as they race to set up an administration. The incoming Republican administration got an unlikely boost from outgoing Vice President Joe Biden, who said that “no administration is ready on Day One.” Trump stayed out of the public eye on Wednesday, ...

  Bloomberg Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite. Sales are down by as much as 50 percent at Azadpur Mandi, traders said, ...

  Bloomberg Japan’s population is declining, deflation has returned, and the nation’s economy is still stuck in cycle of weak, stop-start growth. And yet, there are a number of hidden and underutilized resources that Japan could tap to try and escape this economic malaise. The Organisation for Economic Co-operation and Development notes that while demographics are against it, Japan still ...

  Bloomberg Rolls-Royce Holdings Plc will close the bulk of sites at its marine-engine and ship-design unit and shift some production to emerging economies as the lower price of crude hurts demand for oil-industry exploration and service vessels. The offshore market is showing no sign of recovery, with the outlook bleaker as the backlog shrinks, Rolls, which is better known ...

  Bloomberg Volkswagen AG lost market share in Europe for the 14th straight month since the emissions- cheating scandal erupted in September 2015, as competitors took advantage of the German automaker’s tarnished image to attract buyers. Volkswagen accounted for 24.9 percent of the region’s car sales in October, compared with 25.3 percent a year earlier, the Brussels-based European Automobile Manufacturers’ ...

  Abu Dhabi / Emirates Business HE Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, said that economic relations between the UAE and the Republic of Turkey are undergoing a new phase of cooperation and growth. He noted that the past few months have seen the two governments advancing significantly in collaboratively achieving their common interests. The Minister ...