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  Londres, United Kingdom / AFP David Cameron chaired his final cabinet meeting on Tuesday after six years as Britain’s prime minister, with incoming premier Theresa May preparing to form a new government to deliver Brexit. May led tributes to Cameron at the meeting, which was described by ministers as “emotional”, and posed for photographers on the steps of the ...

  Caracas, Venezuela / AFP Citibank plans to close the account Venezuela uses to make international payments, President Nicolas Maduro said, accusing the US-based bank of mounting a “financial blockade.” “Citibank, with no warning or communication, says that it is going to close the Central Bank and Bank Of Venezuela account. That is what you call a financial blockade,” the ...

  Dubai / Emirates Business SMEs in the United Arab Emirates and the Middle East can and should do more to utilise digital marketing as an effective tool to promote their business, says Naufel Vilcassim, Professor of Marketing, London Business School. “Traditional marketing used by big firms — newspaper and TV adverts, billboards, sponsorship — is very expensive for the ...

  Bloomberg The political chaos since the U.K.’s vote to leave the European Union should be more of a concern for Electricite de France SA’s £18 billion ($23 billion) Hinkley Point nuclear power project than the slump in sterling. The drop in the pound to a three-year low against the euro will shave just a small fraction off the anticipated ...

  Dubai / WAM The Emirates NBD Dubai Economy Tracker said that business conditions strengthened in June amid the fastest rise in new work since March 2015. June data pointed to a sustained recovery in growth momentum across the Dubai private sector, led by improving business conditions in the travel and tourism and wholesale and retail sectors. At 54.6, up slightly ...

  Emirates Business A newly-released report highlights that the UAE is leading the Arab world when it comes to generating economic impact from investments in information and communications technologies (ICT). The study, titled the World Economic Forum’s Global Information Technology Report 2016, ranked the UAE 26th globally, just ahead of Qatar (27th) while Kuwait (61st) as one of the world’s ...

  DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) recently received a high-profile Chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, to explore new investment prospects to deepen economic cooperation between the UAE and China. The meeting focused on DAFZA’s leading experience in transforming into one of the world’s most advanced free zones, amid wide commendation ...

  Bloomberg China has intensified the drumbeat of its opposition to an international tribunal’s ruling expected on Tuesday that could threaten its expansive claims in the South China Sea. How Beijing responds to the ruling in the case filed by US ally the Philippines could chart the course of global power relations in an increasingly dangerous hotspot. It comes as ...

  Bloomberg Russia’s concern about water rights is holding up a $1 billion loan package Mongolia is seeking from China to build a hydroelectric dam that would help the landlocked central Asian nation ensure independent supplies of energy. The Kremlin said in June the project to build the Egiin Gol Hydro Power Plant on the Eg River in northern Mongolia ...

  Bloomberg French Finance Minister Michel Sapin said on Monday that Portugal does not deserve EU penalties for government budgetary overruns. “Portugal has made enormous efforts in the past years. It does not deserve excessive discipline,” said Sapin in Paris, speaking on his way to a meeting of European finance ministers. The ministers are meeting in Brussels and are mulling ...