Hong Kong / AFP The Asian Development Bank (ADB) said on Tuesday that growth across the region was holding stable despite global headwinds, with resilience in China and India keeping it on track. GDP for developing Asia is predicted to grow 5.7 percent in 2016 and 2017, according to the bank’s latest report — down slightly from 5.9 percent ...
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Singapore urged to get tougher on money-laundering
Singapore / AFP Singapore must take more aggressive action against complex cross-border money-laundering including prosecuting individuals and seizing illicit proceeds, a global financial crimes watchdog said on Tuesday. The Paris-based Financial Action Task Force (FATF) said in a review the city-state has made significant improvements in its anti-money laundering and counter-terrorist financing framework since the last assessment in 2008. ...
Read More »Saudi petition seeks ‘full’ rights for women
Riyadh / AFP Thousands of Saudis have signed a petition urging an end to the guardianship system giving men control over the work, study, marriage and travel of female relatives, activists said on Tuesday. The petition calls for the kingdom’s women to be treated “as a full citizen, and decide an age where she will be an adult and ...
Read More »Tanker brings first US shale gas shipment to Britain
Grangemouth / AFP A tanker carrying the first shipment of shale gas from the United States arrived on Tuesday in Britain, where there are currently no commercial fracking operations because of fierce public opposition. The ship arrived at Grangemouth, a sprawling energy complex on the River Forth near Edinburgh in Scotland, where the North Sea offshore oil and gas ...
Read More »Russian wheat exports disappoint as low prices slow farmer sales
Bloomberg Russian wheat exports haven’t lived up to expectations so far this season as falling prices made some growers reluctant to sell grain to traders amid a halt in purchases by Egypt, the world’s largest buyer. Outbound shipments in the three months since the campaign started in July will probably amount to 9 million metric tons, down 8 percent ...
Read More »GITEX Shopper to showcase world’s top 2-in-1 convertibles & laptops
Dubai/ Emirates Business With their functionality, flexibility and mobility, 2–in–1 convertible laptops are one of the fastest growing devices in the industry according to PCMag, and GITEX Shopper will be showcasing the latest models when it opens next month. Taking place from 1 – 8 October at Dubai World Trade Centre (DWTC) the region’s largest consumer IT and electronic ...
Read More »DAFZA consolidates trade ties with S Korean biz community
DUBAI / Emirates Business Dubai Airport Freezone Authority (DAFZA) recently held a series of seminars in South Korea with the Korean business community as part of its continuing initiative to facilitate trade relations among foreign business communities worldwide and further highlight its latest business developments. The seminar was held in partnership with the Korean Chamber of Commerce and Industry ...
Read More »Mohammed urges completion of Dubai Expo 2020 site on time
Dubai / WAM Delivery of the infrastructure and associated facilities of the Dubai Expo 2020 on time will allow organisers ample time to put the final arrangements well in place before the arrival of exhibitors from more than 180 countries, Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum affirmed on ...
Read More »In Dubai, WETEX to attract 1,900 exhibitors from 46 nations
Dubai /Â WAM The 18th edition of Water, Energy, Technology, and Environment Exhibition (WETEX) 2016, will be the largest exhibition so far in terms of display area, number of exhibitors, and anticipated number of visitors, according to a top official. “This year, WETEX is expected to attract 1,900 exhibitors from 46 countries around the world, compared with 1,696 exhibitors last ...
Read More »Divided UK Labour struggles with Brexit
Liverpool / AFP Distracted by a bitter leadership contest, Britain’s main opposition Labour party has struggled to present a vision of Brexit to challenge the ruling Conservatives— and many fear the re-election of Jeremy Corbyn will do little to change this. There are concerns the lack of an alternative could result in a “hard Brexit”, where Britain agrees to ...
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