Caracas, Venezuela / AFP Embattled Venezuelan President Nicolas Maduro declared a three-month state of emergency late Friday to face “threats from abroad,†as his emboldened opposition geared for a vote to oust him from office. In an address to the nation, Maduro said he had signed a new state of emergency decree “to neutralize and defeat foreign aggression,†which he ...
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Minister of Energy team tours Solar Park
Dubai /Â WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, and Matar Hamed Al Neyadi, Undersecretary for the Ministry of Energy, visited the Mohammed bin Rashid Al Maktoum Solar Park, along with the control-centre compound at Warsan. They were received by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), Mohammad ...
Read More »Need to boost UAE, Vietnam bilateral coop
Hanoi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, stressed that the UAE and the Socialist Republic of Vietnam are linked by distinct and friendly historical ties, based on a spirit of understanding and mutual respect and mutual desire to develop these relations and boost them for the benefit of ...
Read More »Ways to bolster pvt investments reviewed
Hanoi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Vietnam. During the meeting, HH Sheikh Abdullah conveyed the greetings of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness ...
Read More »Truce ends in Syria’s Aleppo as aid heads for besieged town
Aleppo, Syria / AFP The truce in Syria’s battleground city Aleppo expired on Thursday with no new last-minute extension, as a besieged town near the capital prepared to receive its first humanitarian aid in four years. World powers are to meet in Vienna next week to try to push faltering peace talks towards ending a five-year conflict that has killed ...
Read More »More awards add to Etihad winning streak
ABU DHABI / Emirates Business Etihad Airways’ finance team has continued its winning streak by landing two key awards — for best treasury team and for securing a unique US$700 million bond agreement — from the Middle East chapter of the Association of Corporate Treasurers (ACT ME). Last year’s landmark finance transaction for Etihad Airways Partners’ (EAP), a brand ...
Read More »UAE emerges as hotspot for destination weddings
RITIKA SHARMA / Emirates Business The UAE has yet again established itself as one of the most preferred choices for destination weddings, with the industry pegged to grow 100% in the country by end of the year. This was revealed in a recent survey which pegged the global destination-wedding industry at US$80 billion, representing 27 percent of the overall global ...
Read More »UAE’s pragmatic approach to diplomacy triggers strong int’l relations
Abu Dhabi / Emirates Business The pragmatic approach of the UAE towards its allies and neighbouring nations has enabled the country to build strong relations and play a key role in finding solutions to regional and international issues, stated His Excellency Omar Al Bitar, UAE Ambassador to China, while addressing a lecture on the topic ‘UAE 7 Star Diplomacy’ ...
Read More »India revamps century-old bankruptcy laws
New Delhi / Bloomberg India’s parliament passed a bill to overhaul archaic bankruptcy laws, taking Prime Minister Narendra Modi a step closer to fulfilling his pledge to make it easier to do business in the world’s fastest growing major economy. The upper house approved the Insolvency and Bankruptcy Act days after it was cleared in the lower house. The ...
Read More »Bank of England warns Brexit would damage UK growth
Bloomberg The Bank of England cut its growth forecasts and issued its strongest warning yet that a vote to leave the European Union would hurt the economy. With just six weeks to go until Britain’s referendum, the nine-member Monetary Policy Committee, led by Governor Mark Carney, said there were more signs it was weighing on growth and clouding the ...
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