ABU DHABI / WAM Ministry of Education signed on Monday a Memorandum of Understanding (MoU) with the Ministries of Science and Education in the Republic of Montenegro. The MoU aims to establish and enhance cooperation in the field of higher education and scientific research. The Memorandum was signed by Dr. Ahmed Belhoul Al Falasi, Minister of State for Higher Education …

Beijing / AFP China’s overcapacity in heavy industries is wreaking “far-reaching” damage on the global economy, with steel production “completely untethered” from market demand, the European Union Chamber of Commerce in China said on Monday. The Asian giant’s steel industry manufactures more than the next four largest producers combined — Japan, India, the US, and Russia — the chamber said …

Kuala Lumpur / DPA While companies are holding tight to cash, Axiata Group Bhd is going against the grain with the purchase of Nepal’s No.1 mobile operator, Ncell Pte Ltd, for US$1.37 billion. We have been eyeing that market for two years but we only got really serious in the past few months,” Axiata group chief financial officer Chari TVT …