Abu Dhabi / Emirates Business The 10thWorld Future Energy Summit (WFES) opens on Monday at the Abu Dhabi National Exhibition Centre (ADNEC), with the 2017 edition expected to be the biggest ever. Hosted by Masdar as part of Abu Dhabi Sustainability Week (ADSW), WFES drives the business case for sustainability, and is now firmly established as a leading global ...
Read More »Uncategorized
Dubai Courts launches 3rd phase of ‘Aoun’
Dubai / Emirates Business The Dubai Courts launched the third phase of ‘Aoun’, a leading initiative designed to provide financially challenged litigants with assistance under the supervision of a group of volunteer legal experts. This move complements the Courts’ efforts to support the national movement towards establishing the concept of giving as an inherent value within society in response ...
Read More »World diplomats in Paris to urge renewed Mideast peace talks
PARIS /Â AP Fearing a new eruption of violence in the Middle East, more than 70 world diplomats gathered in Paris on Sunday to push for renewed peace talks that would lead to a Palestinian state. The conference is meant to be a forceful message to US President-elect Donald Trump and Israeli Prime Minister Benjamin Netanyahu that much of the ...
Read More »India’s cash ban unlikely to mar Modi’s election chances
Bloomberg Indian Prime Minister Narendra Modi’s disruptive cash ban is unlikely to damage his party’s performance in upcoming state polls. In fact, it might even help. Modi’s move to invalidate 86 percent of circulated currency in Asia’s third-largest economy forced millions of Indians into lengthy bank queues. It has also dented India’s world-beating growth as the country’s cash-dependent economy ...
Read More »China’s clean air bid scares rivals in duel over dirty fuel
Bloomberg China’s recent push to clean up its air is leaving some of its neighbours feeling threatened. The Asian country’s road to cleaner air has been gradual, with lead-free gasoline only becoming a requirement in 2000, almost three decades behind the US. This month, China imposed new curbs on the amount of sulfur in vehicle fuels to about a ...
Read More »Swiss watchmaker biggies urge industry to slow down
Bloomberg The people who make some of Switzerland’s most expensive watches have a word of advice for the rest of the industry: Slow down. That might help avoid a repeat of the last two years, when watchmakers had to cut jobs and repurchase inventory after their rush into the Chinese market hit a wall. As more than two dozen ...
Read More »Takata to pay $1 billion, plead guilty in USA air bag probe
Bloomberg Takata Corp. admitted to hiding the deadly risks of its exploding air bags for about 15 years in an agreement to pay US regulators, consumers and car manufacturers $1 billion in penalties. The faulty air bags have been linked to at least 17 deaths worldwide. The Tokyo-based manufacturer also agreed to plead guilty to one criminal charge. The ...
Read More »German transport minister seeks recall of Fiat cars
Bloomberg German Transport Minister Alexander Dobrindt, escalating a months-long feud with Italy over vehicle emissions, said the European Commission must ensure that Fiat Chrysler cars that break pollution rules are taken off the market, Bild am Sonntag reported. “The Italian authorities have known for several months that Fiat, in the opinion of our experts, uses illegal shut-off devices,†the ...
Read More »â€˜UAE would not deviate from the path to serve humanity’
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, stressed the UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, would not deviate from the path and the firm approach to serve humanity. His Highness Sheikh Mohamed bin Zayed made ...
Read More »FDI in Abu Dhabi hits AED95bn
Abu Dhabi / WAM The growth of Foreign Direct Investments (FDIs) in the Emirate of Abu Dhabi in 2016 has hit 8% equaling AED 95.145 billion compared with AED 88.95 billion in 2015. The new figures came in the estimation of the annual report on Direct Foreign Investment in the Emirate of Abu Dhabi, issued by the Statistics Center – ...
Read More »