Dubai / Emirates Business On its second year, the Global Grad Show is opening in Dubai from October 24-29 attracting an unprecedented number of student innovators exhibiting their unique designs. The show returns with 145 projects from 50 leading global universities, representing an almost three-fold increase in participation over last year and, for the first time, includes schools from ...
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Sharjah int’l book fair looks to a record-breaking year
Dubai / Emirates Business The 35th edition of the Sharjah International Book Fair (SIBF), taking place from November 2-12 has announced that 2016 is set to be another record-breaking year. The organisers of the third largest book fair in the world have revealed that its total exhibition area for publishers has been already sold out, with two more months ...
Read More »China carmakers vouch for foreign ownership cap
Bloomberg China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the state-backed auto association. The government can consider lifting the limit on different parts of the automotive industry according to their maturity, starting with ...
Read More »Hanjin Shipping to seek asset stay orders in 43 nations
Bloomberg South Korea’s financial regulator said Hanjin Shipping Co. will seek stay orders in 43 countries to protect its vessels from being seized, after its court receivership filing last week roiled companies’ supply chain before the year-end shopping season. Applications in 10 countries will be made this week and the remainder soon, the Financial Supervisory Commission said in a ...
Read More »Cabinet approves National Space Policy
Dubai / WAM The UAE cabinet on Sunday adopted the National Space Policy of the UAE, the most important element in the national plan to develop the space sector. The Space Policy is rudimentary for driving the entire sector forward within the framework of the UAE National Agenda, part of the UAE Vision 2021. The UAE is working towards a stable ...
Read More »DLD reports AED158bn real estate transactions
Dubai / Emirates Business Dubai Land Department’s (DLD) Transactions Report, issued by its Real Estate Research and Studies Department, announced that the total amount of real estate transactions recorded in the Emirate in the first eight months of the current year reached a total of AED 158.541 billion, achieved through 38,838 sales, mortgages and other transactions. Commenting on the ...
Read More »May warns of ‘difficult times’ as UK prepares to leave EU
AP British Prime Minister Theresa May has warned that Britain faces some “difficult times” as it prepares to leave the European Union following the June referendum. She told the Andrew Marr Show in an interview that not all would be “plain sailing” as Britain withdraws from the 28-nation bloc. She said in her first extended interview since taking office ...
Read More »Siege warfare, suffering as US, Russia bicker over Syria
Hangzhou /Â AFP The US said on Sunday it had not yet struck a hoped-for deal with Russia on stemming the violence in Syria’s brutal civil war, blaming Moscow for backtracking on issues it thought were settled. President Barack Obama said earlier that the two sides were “working around the clock” on the sidelines of a summit in China, but ...
Read More »GCC demand spurs growth of wearables industry
ABU DHABI / Emirates Business Demand for seamless connection to the Internet of Things will drive wearable shipments to double by 2020, says a new Frost & Sullivan report prepared in collaboration with GITEX Technology Week. Wearables are computing devices that can be worn as clothing or accessories — including smart watches, glasses, bands, cameras, and clothing. By recording, ...
Read More »China tells G20 to avoid ‘empty talk’, cure global economy
Bloomberg Chinese President Xi Jinping urged world leaders to avoid “empty talk” and confront sluggish economic growth and rising protectionism as their summit opened on Sunday in the scenic city of Hangzhou. Xi welcomed Group of 20 presidents and prime ministers with a handshake, and an extended clasp with Barack Obama, as both men smiled despite protocol stumbles around ...
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