Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held an official discussion on Monday with HRH Prince Salman bin Hamad Al Khalifa, Crown Prince of Bahrain, Deputy Supreme Commander and the First Deputy for the Prime Minister, where they discussed the bilateral ...
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MEA stationery market to reach US$12bn by 2019
Dubai / Emirates Business International suppliers of stationery and office supplies are turning to the Middle East and Africa (MEA) for future business growth, with the UAE presenting itself as the ideal gateway to access hard-to-reach markets. Growth in the global stationery and office supplies market is expected to come from emerging markets such as the MEA. Analysts TechNavio ...
Read More »Dutch election upended as Turkey dispute aiding wilders
Bloomberg The Dutch election was upended by a diplomatic standoff with Turkish President Recep Tayyip Erdogan, as a spiral of increasingly hostile rhetoric threatened to overshadow the final stretch of campaigning and influence voting. With less than 48 hours to polling day in the first of Europe’s big elections this year, political analysts said the international incident centered on ...
Read More »Sugar breakthrough paves way for Indonesia-Aussie trade deal
Bloomberg Australia is pinning its hopes on sugar to revitalize exports to Indonesia, as it seeks momentum for a free trade agreement that has been mooted for nearly a decade. With two-way trade at its lowest since 2009, Australian Trade Minister Steve Ciobo hailed a recent deal to reduce sugar tariffs from 8 percent to 5 percent, bringing the ...
Read More »Ford to start producing luxury Lincoln SUV in China by 2019
Bloomberg Ford Motor Co. will begin producing its upscale Lincoln brand in China by late 2019 after sales almost tripled last year, joining the ranks of automakers localizing production to avoid import taxes in the world’s largest auto market. The Dearborn, Michigan-based automaker will build an all-new SUV model with joint venture partner Changan Automobile Group in the city ...
Read More »Wall Street finds next big short in US credit market
Bloomberg Wall Street speculators are zeroing in on the next US credit crisis: the mall. It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they’re catching the eye of hedge-fund types who think some may soon buckle under their debts, much the way many homeowners did nearly ...
Read More »Wood Group to acquire Amec in $2.7 billion all-share deal
Bloomberg John Wood Group Plc agreed to acquire Amec Foster Wheeler Plc in an all-share deal that values the UK engineering-service provider at about 2.23 billion pounds ($2.7 billion). The shares of both companies surged. The takeover comes after several years of pressure on profits for service providers in the energy industry as the slide in oil prices forced ...
Read More »Trump trademarks okayed in Mexico for hotels, tourism
MEXICO CITY / AP On February 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets all of the work,†he said. “We get nothing.†That same day a law firm ...
Read More »MyTaxi expands in UK as parent Daimler plots future of cars
Bloomberg MyTaxi is to begin converting London users of its acquired Hailo app to the German company’s smartphone software, as the unit of Daimler AG begins its fightback against Uber in the UK capital. The Hamburg-based cab-hailing company has already moved more than 17,000 drivers who previously used the Hailo system to the MyTaxi app and plans to start ...
Read More »UAE eyes closer trade ties with Asia, Africa
Dubai / Reuters The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced ...
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