Abu Dhabi / Emirates Business Abu Dhabi enjoyed an extremely busy New Year’s period with the emirate’s diverse programme of multiple leisure activities, hotel and dining promotions, music concerts, cultural festivals and entertainment events that were held during December, proving extremely popular with both residents and visitors. As 2016 came to an end, and the emirate welcoming in the ...
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Dubai Trade celebrates graduation of 270 trainees
Dubai / Emirates Business Dubai Trade, the single window for cross-border trade and a DP World company, celebrated the graduation of more than 270 trainees in its certified training programmes. The Certified Trade & Logistics Professional (CTLP) programme available in English and Arabic is offered to professionals working in different sectors in the trade and supply chain such as ...
Read More »Republicans primed for push to dismantle Obama’s policies
WASHINGTON / AP Members of the 115th Congress were expected to be sworn in at noon Tuesday, setting off an aggressive campaign by Republicans who control the House and Senate to dismantle eight years of President Barack Obama’s Democratic policies. The first and biggest target is Obama’s health care law, which Republicans have long sought to gut and blamed ...
Read More »Syria rebels suspend talks over alleged ceasefire violations
BEIRUT / ap Syrian government forces pressed ahead with their offensive in the water-rich Barada Valley northwest of Damascus on Tuesday as 10 rebel groups said they were suspending talks about planned peace negotiations because of what they describe as ongoing government violations of a cease-fire deal. The cease-fire, brokered by Russia and Turkey, is meant to be followed ...
Read More »Singapore GDP growth surges to three-year high
Bloomberg Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. Gross domestic product rose an annualized 9.1 percent in the three months to December from the previous quarter, when it declined a revised 1.9 percent, the trade ministry said in a statement on Tuesday. The median estimate of ...
Read More »China’s factories, services cap year of gains as prices move upwards
Bloomberg China’s factories and services both closed out 2016 on relatively robust notes that signal growth is strong enough for policy makers to keep pushing for economic reforms in 2017. The manufacturing purchasing managers index stabilized near a post-2012 high in December, edging down to 51.4 from 51.7 the prior month. The non-manufacturing PMI slipped to 54.5 from a ...
Read More »German inflation jumps to fastest since ‘13 on oil prices
Bloomberg The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressures in the months ahead. Consumer prices rose 1.7 percent from a year ago, recording the biggest jump on record, the Federal Statistics Office in Wiesbaden said on Tuesday. Economists surveyed by ...
Read More »Pound drop boosts UK manufacturing, pushes up factories’ costs
Bloomberg UK manufacturing grew at the fastest pace in 2 and a 1/2 years in December, helped by the pound’s deprec- iation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum — dropping below the key 50 level in July — the IHS Markit Purchasing Managers Index has since ...
Read More »VP launches Dubai Harbour project
Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, announced the development of Dubai Harbour, a unique new waterfront destination that will feature the Middle East and North Africa (MENA) region’s largest marina. His Highness Sheikh Mohammed bin Rashid made the announcement in the presence of HH ...
Read More »â€˜Set up comprehensive, integrated plans for urban planning of cities’
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 on Monday received a delegation of the Abu Dhabi Urban Planning Council (UPC) at his Al Bahr Palace majlis, Abu Dhabi. Sheikh Mohamed stressed the importance of setting up a comprehensive and integrated plans ...
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