Uncategorized

Abu Dhabi / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, today opened the 10th edition of the Cityscape Abu Dhabi at the Abu Dhabi National Exhibition Centre (ADNEC). Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

Dubai / WAM Retailing in the UAE is expected to reach AED 200 billion by 2017, growing by a 5% on average each year, according to an analysis by the Dubai Chamber of Commerce and Industry. Consumer spending is also expected to continue rising in the medium-term, with growth rates projected to stabilize at about 4% on average per year ...

Beijing / Bloomberg Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance. China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase ...

Bloomberg U.K. inflation accelerated to a 15-month high in March as an early Easter boosted air fares and clothing prices increased. Consumer prices rose 0.5 percent from a year earlier, the fastest pace since December 2014, the Office for National Statistics in London said on Tuesday. That exceeded the 0.4 percent median estimate in a Bloomberg survey of economists. Core ...

Bloomberg Greece will take a one-week break in bailout review discussions with its creditors, after failing to reach an initial agreement, as officials from the Greek government, the euro area and the International Monetary Fund fly to Washington to attend IMF meetings. Officials decided to “pause,” so they can all go to Washington, Greek Finance Minister Euclid Tsakalotos said in ...

Bloomberg The agriculture slump is getting so bad in the U.S. that farmers are about to get more government aid than at any time in the past decade, signaling the rising public cost of crop surpluses and cheap food. About $13.9 billion of net farm income this year will be federal payments, or about 25 percent of total profit estimated ...

New Delhi / AFP US Defense Secretary Ashton Carter and his Indian counterpart agreed on Tuesday to strengthen their cooperation on maritime security, as concerns grow in Washington over Beijing’s growing military ambitions. Carter is in New Delhi to bolster a strategic relationship Washington considers crucial in the face of what it sees as China’s rising assertiveness, particularly in the ...

RITIKA SHARMA / Emirates Business Due to oil price slump, 2016 seems to be a cautious year for most of the industries. However, UAE real estate market looks somewhat unaffected. According to a GCC-centric survey, real estate industry salaries are expected to remain stable in the coming months of 2016. The average monthly salaries for the Middle East real estate ...

Brussels / AFP Belgium has charged two new suspects over last month’s deadly Brussels airport and metro attacks, as police pursue the investigation “night and day”, the federal prosecutor’s office said on Tuesday. A statement said Smail F and Ibrahim F were “charged with participation in the activities of a terrorist group, terrorist murders and attempts to commit terrorist murders, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday received Giorgi Kvirikashvili, Prime Minister of the Republic of Georgia, and his accompanying delegation at the Dubai World Trade Centre. Sheikh Mohammed bin Rashid welcomed his guest, and the two sides discussed a number of topics ...