Sara Hsu SPECIAL TO EMIRATES BUSINESS Recently, the 2016 National Trade Estimate Report on Foreign Trade Barriers, produced by Ambassador Michael Froman in the Office of the U.S. Trade Representative, stated, controversially, that China’s Great Firewall presents a trade barrier to American suppliers. The Cyberspace Administration of China has rebutted this claim by asserting that the firewall was in ...

  The International Monetary Fund released its world economic outlook this week, and the news isn’t good for Central Asia. According to the IMF, recovery will be put off until at least 2017, for reasons frequent readers will find familiar: the Russian recession and low oil prices. “The economic outlook for the Commonwealth of Independent States remains very weak, reflecting ...

  Dubai / WAM The 16th edition of the Dubai Derma Conference and Exhibition concluded on Thursday after three days of tremendous success with a consensus from all its visitors, participants, and speakers that Dubai Derma has surpassed all expectations and witnessed a great success. The event succeeded to attract over its 3 days 12,500 visitors and participants. Dr Abdul ...

  ABU DHABI / WAM The UAE maintained, for the third time in a row, its ranking as one of the 10 largest donor states in the Official Development Aid (ODA) in 2015, according to official data collected by the OECD’s Development Assistance Committee (DAC). According to DAC’s data, the UAE posted the highest ODA to Gross National Income (GNI) ...

  Dubai / WAM Jebel Ali Free Zone, Jafza, the flagship free zone entity of Dubai and the trade and logistics hub for the wider Middle East region, registered an additional 60 Indian companies in 2015 from key sectors, including electronics (20%), steel, construction and building materials (19%), chemicals and petroleum products (17%) and FMCG (6%). With over 800 Indian companies ...

  ABU DHABI / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, will head the UAE delegation participating in the spring meeting for the International Monetary Fund (IMF) and the World Bank Group (WBG) which will be held from April 15-17 in Washington DC. Al Tayer will also lead the Arab Group at the International Monetary and ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited DEWA’s projects in support and preparation for the World Expo 2020. The move follows the vision of Vice President and Prime Minister of and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, to host the best World Expo the world ...

  Ritika Sharma / EMIRATES BUSINESS Virtual banking, quick transactions and mobile-to-mobile payments…with new trends ushering in retail banking, the UAE is well-poised to achieve its objective of becoming an undisputed leader in banking technology worldwide. Fast emerging banking technologies will be assessed for its future viability at the upcoming ‘Middle East Retail Banking Forum & Expo’ that will be ...

  Abu Dhabi / WAM A kaleidoscope of culture and ethnicity at Masdar Institute of Science and Technology was on full display as students representing 29 countries presented the distinct elements of each of their diverse cultures on Masdar Institute’s International Day 2016. Dr Abdullah Al-Hefeiti, Acting Dean of Students and Dean of Library, Masdar Institute, said, “This is the ...

  Abu Dhabi / WAM Aldar Properties signed its first ESCROW Agreement with Abu Dhabi Commercial Bank, the first registered ESCROW bank in Abu Dhabi. This agreement will enable Aldar Properties to have ESCROW accounts for the recently announced Yas Acres, a golf and waterfront development comprising 1315 villas and townhouses, on Yas Island. Aldar Properties was the first company ...