Sharjah / Emirates Business Sharjah’s Department of eGovernment (DeG) has announced that it is hosting a workshop to bring together 30 of the emirate’s departments as part of the forthcoming GITEX Technology Week 2016 (GITEX). Taking place on September 1, the activity being held under the umbrella of the Government of Sharjah is being organised to review its preparations ...
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Sharjah to host second ‘Investing in the Future’ meet
Sharjah / WAM Sharjah will host the second edition of ‘Investing in the Future’ (IFFMENA), a conference that aims to overturn negative cultural stereotypes that hinder women’s progress in the region. Taking place on October 19-20, under the theme ‘Building the Resilience of Women and Girls in the Arab Region,’ the event focusses on advocacy for Arab women and the ...
Read More »â€˜UAE needs fresh thinking to meet future challenges’
Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Tuesday that the UAE needs fresh thinking and new blood for realising the ambitions and meeting the challenges of the next phase of the country’s development. Addressing a brainstorming session chaired by him, and attended ...
Read More »France rules out EU-US trade deal, wants talks halted
AFP France said on Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal at least until after President Barack Obama leaves office in January. Junior trade minister Matthias Fekl said there was “no more political support in France” for the talks because US negotiators were offering “nothing or just ...
Read More »UK mortgage approvals slumps to 18-month low
Bloomberg UK mortgage approvals slumped to an 18-month low in July and consumer borrowing slowed following the decision to leave the European Union. Banks and mutually owned lenders signed off on 60,912 home loans, the fewest since January 2015, the Bank of England said on Tuesday. Unsecured lending rose by 1.2 billion pounds ($1.6 billion), the least in almost ...
Read More »Kerry presses for closer trade, security cooperation with India
Beirut /Â AFP US Secretary of State John Kerry pressed Tuesday for more cooperation with India on security and trade as the world’s two biggest democracies try to strengthen ties, in part to counter China’s rising influence. Kerry also said he was hopeful of moving ahead on a deal to provide nuclear energy assistance to India, as the nations seek ...
Read More »Turkey risks becoming bogged down in war-ravaged Syria
Istanbul / AFP Turkey’s week-old cross-border offensive in Syria could become a drawn-out affair that stokes tensions with Washington if Ankara continues to take the fight to US-backed Kurdish fighters, analysts say. Turkey says its unprecedented operation aims to rid the border of both the IS group and the anti-IS Kurdish YPG militia, which Ankara considers a terrorist group. ...
Read More »TRA financial arm to host drones and robotics contest
ABU DHABI / Emirates Business The ICT Fund, the financing tool of the Telecommunications Regulatory Authority (TRA) has announced it is organizing the UAE Drones for Good Award and the UAE AI Robotics for Good Award, two different sets of competitions each having local and international categories. The awards aim to encourage innovative ideas and designs intended to help ...
Read More »Deals freeze up in Australia’s lucrative office markets
Bloomberg Dealmaking in Australia’s office market has plunged by the most since the global financial crisis as owners hang on to assets that are among the highest-yielding in the region. Commercial property transactions in Australia fell 57 percent to $7.5 billion in the six months ended June 30 from a year earlier, according to Real Capital Analytics, Inc. That’s ...
Read More »China grapples with a hidden underemployment
Bloomberg Cracks are starting to show in China’s labour market as struggling industrial firms leave millions of workers in flux. While official jobless numbers haven’t budged, the underemployment rate has jumped to more than 5 percent from near zero in 2010, according to Bai Peiwei, an economics professor at Xiamen University. Bai estimates the rate may be 10 percent ...
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