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  Dubai / WAM To realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as the capital of the Islamic economy, the Dubai Islamic Economy Development Centre (DIEDC) needs to continually adapt its Islamic economy strategy to reflect emerging trends across the sector’s ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan declared 2017 as the “Year of Giving” to promote the culture of giving back to the community and enhance the spirit of volunteering and loyalty to one’s country. The “Year of Giving” will focus on three main pillars: the first of which aims at creating a ...

  Dubai / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA), chaired by Director-General and Chairman of the Board of Executive Directors of RTA Mattar Al Tayer, approved the awarding of the Hatta Gate Construction Contract. This is a part of the Hatta Development Master Plan announced by Vice President and Prime Minister of the UAE ...

  Dubai / Emirates Business HE Dr Thani Al Zeyoudi, the UAE Minister of Climate Change and Environment, recently visited an organic vegetables and fruits farm in Al Foah City, Al Ain, which is owned by Elite Agro, one of the largest organic food producers and distributers in the UAE. The visit came as part of the mission of the ...

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, announced the ‘1,000 Chinese Visitors to Morocco’ campaign with Beijing Yougo World International Travel Service Co. Ltd. (Uniway), the largest Chinese tour operator specialising in outbound tourism to the Middle East and Africa. The award-winning airline is also joining hands with the Moroccan National ...

  United Nations / AFP The UN Security Council demanded that Israel halt settlements in Palestinian territory, after the United States refrained from vetoing a resolution condemning its closest Middle East ally. In a rare and momentous step, the United States instead abstained, enabling the adoption of the first UN resolution since 1979 to condemn Israel over its settlement policy. ...

  Bloomberg Teva Pharmaceutical Industries Ltd. agreed to pay $519 million to US authorities after admitting to paying bribes in Russia, Ukraine and Mexico to boost sales. Teva, the world’s biggest maker of generic medicines, admitted to making corrupt payments to public officials and doctors, including an unidentified high-ranking Russian government official, according to a statement on Thursday by the ...

  Bloomberg The UK current-account deficit widened in the third quarter as Britain posted its worst trade performance in almost three years. The difference between money coming into the UK and money sent out was 25.5 billion pounds ($31.3 billion), the Office for National Statistics said. That’s equal to 5.2 percent of gross domestic product. The trade deficit widened to ...

  Bloomberg China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the US and the Asian nation. The largest US automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the 201 million ...

  AFP Whizzing across a blue-lit platform with a whirr and a squeak, liquid plastic emanating from its chrome tip, the 3D printer seems a far cry from the muddy, crop-filled fields that fringe Yangon. But in an industrial park south of Myanmar’s commercial hub, the advanced technology is now being used to design bespoke parts that are changing the ...