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  Abu Dhabi / WAM The Board of Directors of the Central Bank of the UAE has approved a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branches. The decision was taken during the board’s 11th meeting at the Central Bank office in Abu Dhabi, under the chairmanship of ...

  ABU DHABI / Emirates Business In yet another strong proof of its outstanding performance in the service sector, Imdaad, a leading provider of integrated facilities management solutions in the GCC, has been awarded the Sheikh Khalifa Excellence Award (SKEA)-Gold Category on Tuesday. Imdaad took home last year an award in the Silver Category, reflecting its consistency and continuous drive ...

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) took part, for the 5th consecutive year, in the Seatrade Middle East Cruise Forum Abu Dhabi 2016, taking place at the Four Seasons hotel on Al Marya Island on December 13-14. The Authority headed a delegation from the emirate including the Sharjah Investment and Development Authority – ...

  Dubai / Emirates Business A high-profile delegation from Saudi Arabia’s General Authority for Small and Medium Enterprises (SMEs), visited the Dubai Future Accelerators (DFA) program’s headquarters in in Jumeirah Emirates Towers Offices. The Authority was recently established to support and develop small and medium enterprises in Saudi Arabia, and increase their contribution to the economic development of the Kingdom. ...

  Aleppo / AFP Buses began entering the last rebel-held parts of Aleppo on Sunday to resume the evacuation of thousands of increasingly desperate Syrian civilians and rebels trapped in the besieged enclave. As international alarm grew over the plight of the residents including women, children, the sick and wounded, the UN Security Council was to vote on whether to send ...

  Berlin / AFP Chancellor Angela Merkel said on Tuesday that German authorities believe a deadly rampage by a lorry driver at a Berlin Christmas market was a “terrorist” attack likely committed by an asylum seeker. Police were questioning a suspect, described by media as a 23-year-old man from Pakistan or Afghanistan who had arrived via the so-called Balkan route ...

  Bloomberg For unionized auto workers, even amid a booming US market, the only safe jobs of late have been building pickups and sport utility vehicles. Within the next month, General Motors Co. plans to permanently cut about 3,300 employees at three car plants, as the largest US automaker slashes production of models including the Chevrolet Cruze compact. The Detroit-based ...

  Bloomberg A federal judge said Volkswagen AG continues to make progress in settlement talks with car owners and regulators to fix or get about 80,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines off US roads. US District Judge Charles Breyer, saying he was optimistic a resolution would be reached, ordered a “final continuance” and told lawyers ...

  Bloomberg In Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more than a dozen handlooms lie idle. Abedin is part of the collateral damage of Modi’s Nov. 8 decision to ban high-value currency notes, effectively canceling 86 percent of cash in circulation. ...

  Bloomberg A lawsuit filed by Alibaba Group Holding Ltd. is shining a light on the fake reviews and purchases on its websites. China’s biggest e-commerce operator sued Shatui.com, which allegedly links merchants with people willing to falsify purchases and write positive comments that can drive sellers up Alibaba’s rankings. The suit in Hangzhou West Lake District People’s Court is ...