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Paris / AFP French President Francois Hollande said on Wednesday he was scrapping contested constitutional reforms proposed after the Paris attacks, in an embarrassing U-turn for his already beleaguered government. The reforms included a plan to strip convicted terrorists of their French nationality which led to howls of protests from the left flank of his Socialist party. Hollande also wanted ...

Emirates Business The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority (DAFZA) officially launched on Wednesdaythe digital portal of the ‘Oasis of Innovation in Islamic Economy’, concurrently with the groundbreaking of the first global oasis dedicated to incubating creative ideas and entrepreneurial projects in support of the international Islamic economy. His EminenceDr. Abdulrahman Bin Saleh Al-Atram, ...

RITIKA SHARMA / Emirates Business A huge fire which nearly destroyed buildings in the Ajman One residential cluster on Monday night left residents devastated after losing everything from important documents to a place to stay. Misconceptions and pre-conceived notions, regarding home and content insurance, made things difficult for those who were affected by the fire. In wake of the incident, ...

Taipei / AFP Taiwan’s tech giant Hon Hai said on Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth 389 billion yen ($3.5 billion). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying a 66 percent controlling stake. But ...

Brussels / AFP India’s prime minister will hold talks with EU leaders in Brussels, seeking to boost investment from his country’s biggest trading partner and deepen cooperation on counterterrorism. Narendra Modi was to meet European Council President Donald Tusk and European Commission President Jean-Claude Juncker in Brussels for the 13th EU-India summit, held little more than a week after deadly ...

Bloomberg Federal Reserve Chair Janet Yellen spelled out what she means by data dependence, asserting her leadership of the U.S. central bank with a clear message that interest rates will be raised at a cautious pace. In one of her most detailed policy discussions this year, Yellen gave investors a list of conditions they need to watch for future rate ...

Brussels / AFP Brussels airport said it would not reopen on Wednesday despite drills to test resuming partial services after the suicide bombings that struck its departure hall and a metro train, as Belgium lowered the death toll to 32. Zaventem airport has been closed since twin bombings wrecked the departure hall on March 22, in coordinated suicide attacks that ...

Dubai / WAM The United Arab Emirates has ranked 19th globally in the Global Entrepreneurship Index (GEI) Report 2016, advancing one spot from last year and surpassing countries such as Norway, South Korea, Turkey and Japan. The UAE topped the list of countries within the Middle East and North Africa region, which comprises 15 countries, including Turkey. An analysis of ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) received a high-level delegation from the Hamburg Chamber of Commerce led by Fritz Horst Melsheimer, President of the Hamburg Chamber of Commerce, and Dr. Hans-Jorg Schmidt-Trenz, CEO of the Hamburg Chamber of Commerce. The delegation is visiting UAE to participate in the 5th ...

Brussels / AFP Under-fire Belgian authorities hunted a fugitive bomber on Tuesday, a week after the attacks on the heart of Europe, as the city’s airport warned it could take months to fully reopen despite holding a drill for a partial restart. As Brussels struggled to get back on its feet, criticism of Belgium’s handling of the case mounted after ...