Uncategorized

  Abu Dhabi / WAM An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation and member countries of the Organisation of Islamic Cooperation (OIC) from May 19-21, in Kazan, the capital of Russia’s Tatarstan Republic. The delegation was headed by Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of ...

  HONG KONG / WAM A high-profile UAE trade delegation, led by Sultan bin Saeed Al Mansouri, Minister of Economy, concluded a two-day visit to Hong Kong, where they participated in a major summit and held meetings with key figures in the Hong Kong financial sector. The visit was part of the government’s efforts to usher in a new era ...

  AKIU / AP The Group of Seven major economies showed a united front on fighting terrorist financing and tax evasion, but shied away from coordinated action on policies to revive stalling growth. An “action plan” issued after the talks by G7 finance ministers and central bank governors at a hot springs hotel in northern Japan called for increased exchanges ...

  SYDNEY / AP Britain’s possible exit from the European Union took centre stage at a G7 meeting in Japan on Saturday, as UK finance minister George Osborne warned a ‘Brexit’ could doom trade deals with EU countries. The comments came during two days of talks largely focused on how the club of rich nations can stoke the lumbering world ...

  Istanbul / AFP Global leaders and key NGOs gather in Istanbul on Monday for an unprecedented UN-backed summit aimed at transforming the world’s response to humanitarian crises, despite scepticism the talks will have little impact. With an estimated 60 million people displaced around the world and conflict and climate change posing a growing risk, there is widespread agreement among ...

  ALKESH SHARMA / Emirates Business Drifting away from traditional norms of recruiting using emails and phone calls, the 21st century recruiters are strategically using smart devices to hunt the right talent in the market. The GCC nations are prolifically using mobile technology to attract, engage and hire potential candidates. According to the reports, UAE is the main harbinger in ...

  Tokyo / Bloomberg Fuji Heavy Industries Ltd., the carmaker most reliant on exports from Japan, said it’ll stick to a strategy of producing the bulk of the company’s Subaru vehicles at home as the yen strengthens. The owner of Subaru brand, long known for all-wheel-drive vehicles, doesn’t want to focus narrowly on the impact of foreign exchange, Chief Executive ...

  New Delhi / AFP Apple chief executive Tim Cook met Prime Minister Narendra Modi in New Delhi on Saturday, launching a new version of the Indian leader’s eponymous app on a visit aimed at pushing the technology giant’s expansion plans. Cook, shown in a video using the premier’s gold-coloured iPhone, launched an update to the Narendra Modi Mobile App to ...

  Japan / AFP British finance minister George Osborne warned on Saturday that the UK would find it “extremely difficult” to conclude trade deals with EU countries if it quit the bloc. Speaking to the BBC at a meeting of G7 finance ministers in Sendai, Japan, Osborne said it would be tough to strike those deals while also trying to ...

  Bloomberg Wall Street is pushing back against the Federal Reserve’s tougher tone on raising interest rates, as strategists see the bond market warning of potential consequences. Treasuries staged their biggest weekly decline since November after minutes from the Fed’s April meeting rekindled wagers that policy makers will raise rates as soon as next month. The dollar soared and bond-market ...