Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched a global initiative to encourage tolerance, and to honour champions of tolerance throughout the world. The ‘Sheikh Mohammed bin Rashid Award for Tolerance’ will lay the foundation for developing young Arab leaders in the field of tolerance and ...
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At WETEX, UAE shows commitment towards green energy solutions
Dubai /Â WAM The 18th Water, Energy, Technology and Environment Exhibition (WETEX) 2016 reflects the vision and wise leadership of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the UAE’s determination to become an inspiring model for other countries in the world in green innovation, the Dubai Electricity and Water ...
Read More »Battle for Aleppo rages ahead of East-West showdown at UN
Aleppo / AFP The Syrian regime pressed its assault on rebel-held areas of Aleppo on Saturday ahead of a showdown at the United Nations between Western governments and its ally Russia. German Foreign Minister Frank-Walter Steinmeier warned that the mounting tensions between Washington and Moscow over the conflict had created a situation “more dangerous” than the Cold War. US ...
Read More »US lifts economic sanctions on Myanmar
WASHINGTON / AFP President Barack Obama lifted US economic sanctions on the former pariah state of Myanmar, the culmination of years of rapprochement that Obama has worked to facilitate. The Southeast Asian nation, also known as Burma, has pursued political reforms over the last five years following decades of oppressive military rule. Obama had announced plans to lift the ...
Read More »China property bubble could cause US$600billion in bad debts
Bloomberg China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could ...
Read More »Business leaders urge London against ‘hard’ Brexit
Londres / AFP British business leaders on Saturday urged the government to rule out a hard break with the European Union, saying the uncertainty over the terms of Brexit was impacting investment decisions. “What we would like is the ruling out of the really worst options,†Carolyn Fairbairn, the director general of CBI, Britain’s biggest business lobby group, told BBC ...
Read More »Clean power companies sell 1,109 MW in Argentina auction
Bloomberg Energy developers in Argentina won contracts to sell 1,109 megawatts of renewable electricity in a government-organized auction, after the nation implemented reforms aimed at promoting wider use of clean power. Wind-power companies including Envision and Pampa Energia agreed to provide 708 megawatts of capacity, Renewable Energy Undersecretary Sebastian Kind said at an event Friday in Buenos Aires. Solar developers ...
Read More »US accuses Russia of cyber attacks to disrupt election
Washington / AFP US officials formally accused the Russian government of trying to “interfere” with the American presidential election, and vowed to respond at an undisclosed time and place. The assertion against Russia comes with relations already frayed over NATO defenses and stalled efforts to end the bloody civil war in Syria. A joint statement from the Department of ...
Read More »Sharjah International Book Fair a winning bet on culture
Sharjah / Emirates Business Sharjah International Book Fair (SIBF) — an annual event organised by Sharjah Book Authority (SBA) — is a shining lodestone for Arab and global culture, successfully bringing together millions of book titles and tens of thousands of visitors, exhibitors and publishers under its umbrella. This year, celebrating its 35th anniversary, SIBF continues to expand its ...
Read More »Spotlight on threats in fintech sector
DUBAI / Emirates Business Business defence and cyber security specialists Applied Intelligence, part of the global technology and defence group BAE Systems, will host a forum dedicated to revealing the latest threats affecting the fin-tech sector, focusing upon corporate compliance and anti-money laundering (AML) strategies. Set to take place on October 10, the forum brings together local and global ...
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