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VP receives credentials of new envoys

Abu Dhabi / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has received the credentials of new ambassadors of fraternal and friendly countries, at Mushrif Palace in Abu Dhabi. Present were H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin ...

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‘Brexit’ pain for Europe gives Cameron edge in crucial week

Bloomberg Prime Minister David Cameron enters the final week of negotiations over Britain’s future in the European Union with a message for his continental counterparts: “Brexit” would hurt you too. The argument that the 28-nation bloc would be weaker without its second-biggest economy gives Cameron leverage as he closes in on a deal to reset the UK’s terms of membership ...

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Turkish assets buck global rally as violence flares on border

Bloomberg Turkish stocks declined the most in the world and the lira slid after an eruption of violence on the border with Syria triggered concern security risks were escalating. The Borsa Istanbul 100 Index fell 1.5 percent, the most among more than 90 gauges tracked globally by Bloomberg. The currency had the biggest decline in a week as Turkish artillery ...

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Democrats push for vote as ‘Supreme Court fight’ grows

Bloomberg Democrats pushed for Congress to vote upon a Supreme Court nominee from President Barack Obama, sharpening a fight with Republican leaders who said they won’t consider a replacement for Justice Antonin Scalia until after the 2016 election. Presidential candidate Hillary Clinton, in a Twitter message, said Obama will occupy the White House until January. “It’s his job to nominate ...

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Sultan attends ICDDT and Biotech Congress

DUBAI / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday attended the inaugural session of the 7th International Conference on Drug Discovery and Therapy (ICDDT) and 4th Biotechnology World Congress, BWC, at the College of Medicine and Health Sciences, University of Sharjah. Held under the patronage of H.H. the Ruler ...

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Technocrats in region to discuss cyber security

ALKESH SHARMA / Emirates Business Cyber security is one of the most important propositions for all industries. A slight error or complacency could cost billions to the corporates. A recent survey by a leading consultant company has revealed that firms in UAE usually take two weeks to a month to recover from any cyber-attack and Emirates is on the list ...

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EU steel workers protest against Chinese imports

Bloomberg European Union industries led by the steel sector mobilized thousands of people for a march in Brussels to warn about job losses from Chinese competition, seeking to persuade EU policy makers to retain a full arsenal of import tariffs. The demonstration in the heart of the EU quarter on Monday sought to dissuade the bloc from recognizing China as ...

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USA sceptical of Beijing using non-navy boats in S China Sea

Bloomberg China’s increased reliance on non-naval ships to assert its claims in the South China Sea is complicating U.S. efforts to avoid a clash in the disputed waters, according to 7th Fleet commander Vice Admiral Joseph Aucoin. While the U.S. and Chinese navies are working more closely under an agreed code for unplanned encounters at sea, the deployment of coast ...

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Ukraine to make case for Cabinet rejig as another reformer quits

Bloomberg The political crisis roiling Ukraine’s post- revolution leaders is coming to a head after the International Monetary Fund threatened to cut off aid and another top reformer quit. If efforts to revamp the cabinet fail, the risk is early elections. PM ArseniyYatsenyuk is set to report to parliament this week on government performance, with proposed personnel changes to follow. ...

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Oil gives up gains as Iran loads shipment for Europe

Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent on Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices ...

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