ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the strong and active presence of the UAE’s diplomacy in the regional and international arenas in terms of hosting numerous international agencies and conferences, as well as its active participation in international efforts to fight terrorism and ...
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UAE, Kosovo ink taxation, investment deals
Pristina /Â WAM UAE, represented by the Ministry of Finance (MoF), signed two final agreements on avoidance of double taxation on income and the protection and promotion of investment with the Republic of Kosovo. The signing ceremony took place in the capital Pristina during an official visit of the UAE delegation headed by Younis Haji Al Khoori, Under-Secretary of MoF ...
Read More »US presidential race shows deep seated strife towards minorities
WASHINGTON / AP It started with Mexicans being publicly accused by presidential candidate Donald Trump of being criminals and rapists. It escalated to ejections, to sucker punches, to pepper spray. And now violence and strife seems to be a commonplace occurrence out on the campaign trail. As the 2016 presidential campaign turns toward the rapidly diversifying West, it has ...
Read More »IS militants fight rebels in north Syria strongholds
BEIRUT / AP IS militants entered a Syrian opposition stronghold in the country’s north on Saturday, clashing with rebels on the edges of the town as the extremist group built on its most significant advance near the Turkish border in two years, Syrian opposition groups and IS media said. More than 160,000 civilians are trapped in the fighting, which ...
Read More »Shurooq eyes int’l investors for Sharjah
Sharjah / WAM Promoting Sharjah’s array of investment opportunities to Germany’s business community was the basis of a recent visit to Berlin which was successfully concluded by the Sharjah Investment and Development Authority (Shurooq) on Friday. During their visit, Shurooq was at the German capital as it organised the Sharjah-Berlin Seminar, while on the second day, it participated at the ...
Read More »GCC’s network security spend to reach $1bn
ALKESH SHARMA / Emirates Business The GCC nations are witnessing one of the fastest monetary growth and infrastructure developments in the entire MENA region. However, this sky-rocketing progress also calls for special attention as it has resulted into increased concerns in the cyber domain. According to a recent report of Frost & Sullivan, the GCC’s network security spend is ...
Read More »Luxury defines UAE hospitality sector
Ritika Sharma / Emirates Business The UAE is fast cementing its position as a luxury destination, where tourists are willing to spend more on their holidays. Experts have been talking about exponential growth in luxury tourism in the country, and researches based on travellers’ booking and behaviour confirm the same. A recent research by a travel data platform states ...
Read More »Abe plans US$90.7bn fiscal stimulus
Tokyo / Bloomberg Japan Prime Minister Shinzo Abe plans to propose a fiscal stimulus package of as much as 10 trillion yen ($90.7 billion) after warning Group of Seven leaders that the global economy faces significant risk of another crisis, according to the Nikkei newspaper. Abe will seek a second supplementary budget worth 5 trillion yen to 10 trillion ...
Read More »Chinese developer takes on Disney, opens theme park
Beijing /Â AP China’s largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it’s positioning as a distinctly homegrown rival to Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives unveiled their $3 billion “Wanda City” in the southeastern provincial capital of Nanchang to thundering music reminiscent of the “Pirates of ...
Read More »French govt keeps up tough line as petrol shortages ease
Paris / AFP The French government maintained a hard line on Saturday ahead of a fresh wave of protest over a bitterly-disputed labour law that has seen demonstrators blockading oil refineries and strikes paralysing the transport network. The escalating unrest, which has gathered pace over the last week sparking petrol shortages that forced the government to dip into strategic ...
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