Bloomberg Tens of thousands of people took to streets of Taipei City, Taiwan, on Saturday in protest against pension-reform procedures, adding to growing woes for President Tsai Ing-wen who faces a decline in approval ratings after three months in office. More than 110,000 people took part in the rally, Cti TV reported. The protest, attended by former premier Hau ...
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More Turkish tanks enter Syria in new front offensive
Ankara /Â AFP Turkey on Saturday sent more tanks into the northern Syrian village of al-Rai to fight IS extremists, opening a new front after its intervention last month against the group, state media reported. The tanks crossed into the village from Elbeyli in the Turkish province of Kilis to provide military support to Syrian opposition fighters after ridding northern ...
Read More »US, China join climate deal in ‘turning point’ for planet
Hangzhou/Â AFP The United States and China on Saturday formally joined the Paris climate deal, with President Barack Obama hailing the accord as the “moment we finally decided to save our planet”. The move by the world’s two biggest polluters is a major step forward for the 180-nation accord, which sets ambitious goals for capping global warming and funnelling trillions ...
Read More »May’s Brexit red lines prompt ‘warning’
Bloomberg The European Commission fired a warning shot across Theresa May’s bow after her government decided to seek a tailor-made Brexit deal on its own terms, saying that the U.K. could not pick and choose the conditions it preferred. The British premier earlier this week set out the first of her red lines for Brexit negotiations, saying she wanted ...
Read More »Real estate most preferred investment in region
Emirates Business A survey of home buyers and investors across the GCC and Egypt has shown that real estate is the number one preferred investment, underlining the buoyancy of the regional property market. The Real Estate Barometer study, conducted by global market research company YouGov in partnership with Cityscape Global, revealed that more than half of respondents (54%) would ...
Read More »Economic growth, tourism fuel UAE audio-visual market
Emirates Business Economic growth, rising tourism, and the completion of several mega projects, are the key drivers of the UAE’s professional AV (audio visual) market, with demand for related equipment and services estimated to grow by nearly eight per cent over the next two years, new research has revealed. According to a report by Euromonitor International (EMI), the UAE’s ...
Read More »Emaar is top real estate company in Arab world
Dubai / Emirates Business Forbes Middle East held an event to recognize the prolonged success of the region’s real estate sector. The event for the first time ranked the Arab world’s Top 100 real estate companies and consultants and celebrated business leaders and the vision of top enterprises and their contribution to the economic development of the Arab world. ...
Read More »UAE participates in Arab Economic and Social Council meet
Abu Dhabi /Â WAM Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary of the Ministry of Economy for Economic Affairs, led the UAE delegation to the 98th session of the Arab Economic and Social Council at the ministerial level, held at the Arab League’s Secretariat-General in Cairo on Thursday. The UAE delegation included Juma Mubarak Al Junaibi, UAE ...
Read More »AED 1.2bn Dubai Opera to bring cultural, economic dividends
Dubai / Emirates Business Emaar Properties has placed Dubai center stage in the fast-growing global arts industry with the pre-opening of its premier cultural destination, the multi-format Dubai Opera in Downtown Dubai, which hosted a sold-out concert by legendary Spanish tenor Placido Domingo Wednesday night. Mohamed Alabbar, Chairman of Emaar Properties, said that Emaar has invested AED 1.2 billion ...
Read More »UK pension deficits surge £100 billion in August
Bloomberg UK pension deficits surged by 100 billion pounds ($131.4 billion) in August, as the gap between company set-asides and their obligations to retirees ballooned by more than 16 percent in a month. So-called defined benefit pensions, which pay retirees fixed amounts based on service, were underfunded by 710 billion pounds as of August 29, according to PricewaterhouseCoopers LLP’s ...
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