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Coface strengthens UAE presence with new DIFC insurance licence

  Emirates Business Coface, the worldwide leader in credit insurance, has obtained a new company licence from the Dubai Financial Services Authority (DFSA) to offer insurance management and intermediation services in the Dubai International Financial Centre (DIFC), strengthening its presence in the UAE through insurance services. For nearly 70 years, Coface has been helping companies sustain wealth creation worldwide. The ...

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Sharjah FDI forum to shed light on investment trends

  Sharjah / Emirates Business Organisers of the forthcoming Sharjah FDI Forum 2016, held under the generous patronage of His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and hosted by the Sharjah Investment and Development Authority (Shurooq) in collaboration with Financial Times and fDi magazine, have highlighted the importance of ...

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‘Last chance’ Syria truce holding on first full day

  Aleppo / AFP A ceasefire billed as the “last chance” for peace in Syria appeared to be holding on its first full day Tuesday, with residents nationwide reporting a rare respite from years of violence. The truce brokered by Russia and the United States saw guns fall silent at sundown on Monday, in the latest bid to end a ...

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Tusk scolds Poland as tension erupts in Brexit’s wake

  Bloomberg European Union President Donald Tusk lashed out at his Polish compatriots, telling them to stop attacking the bloc as a spat between Luxembourg and Hungary underlined the east-west tension he’s struggling to defuse ahead of this week’s summit of European leaders. In untypically blunt remarks, Tusk told reporters after meeting Prime Minister Beata Szydlo in Warsaw that the ...

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Samsung blames small battery flaw for prompting Note 7 recall

  Bloomberg Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones and is seeking more time to investigate the cause behind its deepest crisis in years. The Korean company outlined the preliminary findings in a report to the country’s technology standards agency that hasn’t previously been released. Initial conclusions ...

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Cheap money crushes pessimism in Singapore offices

  Bloomberg  Everything that could go wrong for Singapore’s commercial property market already has. The city-state’s export-driven economy is slowing, banks are shrinking, industrial production is sputtering, home prices are falling, and consumers are the glummest in seven years. To make matters worse, tourism and hospitality businesses are being threatened by the Zika virus, which has infected more than 300 ...

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UK appointee to EU executive vows freedom from London

  Bloomberg The new U.K. appointee to the European Union’s executive arm pledged to act independently of the British government as the rest of the EU waits for Prime Minister Theresa May to trigger Brexit negotiations. Julian King, a career British diplomat designated to become counter-terrorism chief at the European Commission, told a confirmation hearing that he has the international ...

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World tax dodger havens watch Brazil try to sell deadbeats’ debt

  Bloomberg Brazilian President Michel Temer is turning to an unlikely source to help solve his country’s fiscal crisis — deadbeat taxpayers. Temer, 75, who was sworn in after President Dilma Rousseff’s Aug. 31 impeachment, wants to turn a chunk of uncollected taxes into securities and sell them to investors, an idea that only a few governments have ever tried. ...

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UAE and Egypt discuss ways to bring peace, security to region

  Cairo / WAM President of the Arab Republic of Egypt, Abdel Fattah El Sisi, received on Thursday at Al-Ittihadiya Palace, HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his accompanying delegation. During the meeting, they discussed cooperation between the UAE and Egypt, issues of mutual concern, and the latest regional and international developments. ...

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