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Slowdown alarm: WTO cuts global trade forecast to 1.7%

  Geneva / AFP The World Trade Organization on Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal between the European Union and United States battle stiff opposition and as Britain’s EU exit causes ...

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Abu Dhabi-Sino Investment Forum attracts over 250 bizmen, investors

  Abu Dhabi / WAM The Abu Dhabi-Sino Investment Forum, organised by the Abu Dhabi Department of Economic Development (ADDED) at Crown Plaza Hotel in Abu Dhabi on Tuesday, attracted more than 250 businessmen and investors. The event was also attended by Sheikh Nahyan bin Hamdan bin Mohammed and Chinese officials. The Acting Under-Secretary of the ADDED, Khalifa bin Salem Al ...

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Hamriyah gets $100mn petroleum storage facility

  SHARJAH / WAM Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, recently inaugurated a US$100 million petroleum storage terminal for Sharafco Group at the Hamriyah Free Zone. With 16 storage tanks, the new facility has a capacity to store 80,000 cubic metres of oil. It is equipped with ...

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