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UAE, Mexico seek to boost agriculture ties

  Abu Dhabi / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, met Jose Calzada Rovirosa, Minister of Agriculture, Livestock, Rural Development, Fisheries and Food of Mexico, at the UAE Ministry’s headquarters in Dubai to explore possible agreements between the two countries, particularly in trade and agriculture. Joining the UAE Undersecretary ...

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Beijing to host conference on Islamic Banking

  Dubai / WAM In line with Dubai’s ‘Capital of Islamic Economy’ initiative, and as the first-of-its-kind endeavour on the Asian and regional level to promote the mutual growth of Islamic economies in the UAE and China, the Dubai Centre for Islamic Banking and Finance (DCIBF) at Hamdan bin Mohammed Smart University (HBMSU) and Dubai Islamic Economy Development Centre (DIEDC) in ...

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UAE-PPF accomplishes Masdar energy projects

  Abu Dhabi / Emirates Business The recent inauguration of a 600kW solar photovoltaic plant in the Federated States of Micronesia marks the successful completion of Cycle 2 of US$50 million UAE-Pacific Partnership Fund. Through the UAE-PPF’s two cycles of financing provided by the Abu Dhabi Fund for Development, renewable energy projects have been delivered to 11 Pacific Island nations ...

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Trash banks in Indonesia boost savings

  Bali / Bloomberg   It’s clear from the dirt floor, the battered green sofa and the common-use comb hanging from a string next to the door that this is no ordinary bank. Customers here, in a poor corner of eastern Indonesia, borrow cash — and pay back trash. “The program originated from the people, it is managed by the ...

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Oil at 7-mth high, supply losses tame surplus

  Bloomberg Oil traded near a seven-month high on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess. West Texas Intermediate was little changed in New York, while Brent erased gains as it neared $50 a barrel for the first time since November. Inventories probably fell by 3.5 million ...

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World, regional powers meet to save Syria peace efforts

  Vienna / AFP Senior envoys from world and regional powers gathered once again in Vienna on Tuesday in an effort to salvage stumbling efforts to halt Syria’s civil war. US Secretary of State John Kerry and Russia’s Foreign Minister Sergei Lavrov—diplomacy’s odd couple, at loggerheads over much else in the world—are chairing the meeting, which began shortly after 0700 GMT. ...

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Clinton woos blue-collar voters in Kentucky, raps Donald Trump

  Hopkinsville / AFP Presidential primaries in Oregon and Kentucky on Tuesday were likely to avail Hillary Clinton a chance to bolster her almost insurmountable delegate lead over Democratic rival Bernie Sanders, who has vowed to slog on despite long odds. Sanders is gunning for victory in the Bluegrass State, building on his win last week in neighboring West Virginia ...

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Top China official vows to ‘listen’ to Hong Kong

  Hong Kong / AFP One of China’s most powerful officials said he would listen to political demands from Hongkongers in a conciliatory start to a visit on Tuesday that has stirred anger in a city resentful of Beijing’s tightening grip. The three-day trip by Zhang Dejiang, who chairs China’s communist-controlled legislature, is the first by such a senior official ...

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Construction boom boosts region’s fit-out industry

  Alkesh Sharma / Emirates Business Fuelled by a booming construction sector, the GCC region’s interior and fit-out contracting industry is expected to grow by nearly 20 percent and the market expected to cross the whopping mark of $12.5 billion by the end of 2017. UAE is clearly spearheading this market in the region and is expected to add more ...

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