Bloomberg China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies. A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment ...

DUBAI / Emirates Business UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has revealed plans for its first mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, with the launch of SE7EN CITY JLT. The project, valued at AED1.3 billion ($350 million), consisting of 2,635 units, is already 15% complete and due for completion within 36 months. The ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) located in Dubai and mandated to develop the small and medium enterprise (SME) sector, announced the licencing of the first business incubator in Dubai, following the introduction of the ‘Incubators and Business Accelerators’ regulations. The regulations were introduced to ensure necessary guidance and mentoring support to ...