Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday at Al Mushrif Palace, Prime Minister of Moldova Pavel Filip, who is currently on a visit to the UAE. Sheikh Mohamed and Filip discussed co-operation ties between the two countries and ...
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DP World chairman discusses future of trade with global leaders at WEF
Dubai / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, and other world leaders have discussed international partnerships to shape the future of world trade, on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. Bin Sulayem met President Petro Poroshenko of Ukraine, President Joao Lourenco of Angola, and Peruvian Prime Minister Mercedes Araoz, to ...
Read More »Union Coop to install 1,000 fire protection systems
Dubai / WAM Following the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, to urgently install fire protection systems directly connected with Civil Defense at all houses, Union Coop, has launched ‘Your Safety .. Is Our Safety’ initiative. The initiative aims to install fire protection systems at 1,000 ...
Read More »FANR to ensure safe, secure, peaceful N-programme
Abu Dhabi / WAM The UAE Federal Authority for Nuclear Regulation (FANR), on Tuesday unveiled details of its 2018 corporate outlook focusing on ensuring safe, secure and peaceful nuclear and radiation programmes in the country. Addressing a media briefing, Christer Viktorsson, Director-General of FANR, said that “the UAE is moving rapidly forward with developing its nuclear sector (and) FANR made ...
Read More »India’s budget squeeze may put corporate tax cuts on hold
Bloomberg Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer. In his last full budget before 2019 elections, Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to ...
Read More »Indonesia’s palm output set to climb to record
Bloomberg Palm oil production in Indonesia will probably climb to a record this year as wet weather boosts yields in the world’s top grower. Output will increase 10 percent in 2018, Togar Sitanggang, secretary-general of the Indonesian Palm Oil Association, said, without providing a more specific forecast. Production climbed about 18 percent in 2017 to a record 38.2 million metric ...
Read More »Ola aims abroad with push into Australia ride-hailing market
Bloomberg Ola, India’s biggest ride-hailing startup, is heading down under. It’s the overseas debut for Ola, which will start inviting drivers in Sydney, Melbourne and Perth to sign up, it said. Ola will be competing with Uber Technologies in Australia. The two companies have been going head-to-head in India’s $10-billion ride-hailing market where the ramshackle public transportation systems in cities ...
Read More »â€˜Foreign firms feeling less welcome in China’
Bloomberg Three quarters of companies surveyed by the American Chamber of Commerce in China say they feel unwelcome, reflecting perceptions foreign firms aren’t treated equally to domestic competitors. The disparity in some cases comes from uneven enforcement of the law, which some firms say has become a version of protectionism, according to a survey. Protectionism is one of the top ...
Read More »Trump’s solar tariff is bad, but not a huge deal
President Donald Trump has imposed 30 percent tariffs on solar panels made outside the US. It’s hard to tell why he’s doing this. It could be a protectionist move, or it could be designed to hurt renewable energy and protect the dying coal industry. But whatever the reason, the consequences probably won’t be severe. The solar revolution is happening so ...
Read More »Singapore’s dual-class idea is bad!
Singapore is racing Hong Kong to the bottom in weakening shareholder rights. The city-state’s exchange said recently it will allow companies with dual-class share structures to list, a month after Hong Kong announced a similar proposal. The idea is to entice new-economy companies, but joining the dual-class-share club won’t improve the one thing Singapore needs more of: liquidity. In 1999, ...
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