Bloomberg Tanzania is open to discussions with investors on the $10 billion Bagamoyo Port project, but will prioritise the interests of the East African nation, the Daily News newspaper reported, citing Tanzania Ports Authority Director General Deusdedit Kakoko. Talks on the proposed port have stalled because investors’ conditions were likely to prevent Tanzania from reaping the maximum benefit from the ...

Washington / WAM The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April,according to the International Monetary and Financial Committee (IMFC). ”Growth is projected to pick up next year, but the outlook is highly uncertain and subject to elevated downside risks. These include trade tensions, policy uncertainty, and ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, has inaugurated the Al Hayer residential project in Al Ain City. The AED687 million project includes 300 residential villas were built with typologies of Emirati housing in mind and designed around an ‘Emirati neighbourhood’ concept that meets the needs of Emirati ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has signed the ‘Covenant for Million Tolerant’, launched by the Zayed House for Islamic Culture (ZHIC), last April, at the ministry in Abu Dhabi. Signing on the document is seen in the framework of the ministry’s support to all voluntary efforts and initiatives conducted by individuals, local, ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), announced the participation of the largest German energy and water companies in the 21st Water, Energy, Technology and Environment Exhibition (Wetex 2019). The exhibition coincides with the 4th Dubai Solar Show, under the umbrella of the sixth Green Week. The exhibition is organised by Dewa from October, 21-23 at the Dubai ...

Dubai / WAM The Director-General of the Government of Dubai’s Department of Finance (DoF), Abdulrahman Saleh Al Saleh, has said that the continuous improvement in the performance of Dubai’s public budget over the last five years has been driven by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum’s ...

Bloomberg Hong Kong protest organisers said they would lead demonstrators through Kowloon on Sunday in a march despite losing an appeal against a police ban on the procession. The Appeal Board on Public Meetings and Processions supported the police’s refusal to approve the march because of the potential for violence, Radio Television Hong Kong (RTHK) reported. The rally was originally ...

Bloomberg US officials proposed a long-term plan to help North Korea construct a tourist area in return for denuclearisation during recent working-level talks in Stockholm, Hankook Ilbo newspaper reported. US negotiators prepared plans on the development of the Kalma tourist area, the paper said, citing an unidentified senior South Korean diplomat familiar with the talks in Stockholm. The paper didn’t ...

Bloomberg Tens of thousands of protesters set fires and cut off roads across Lebanon, demanding the removal of a political class whose mismanagement and corruption they say has brought the economy to the brink of bankruptcy. In a televised speech, Lebanese PM Saad Hariri gave his feuding coalition government a 72-hour deadline to get behind his plan for an economic ...

Bloomberg A group of South Korean students broke into the residence of American ambassador Harry Harris, in a protest against Donald Trump’s campaign to get the Asian nation to pay more for US military support. Nineteen students, who described themselves as members of a liberal university students’ group, were detained by police after staging a protest against plans to impose ...