An ambitious Trans-Pacific Partnership (TPP) that brings 12 nations together, and accounts for 40 percent of the global economy, faces enormous challenges in terms of ratification in the US Congress, and rejection by the presidential candidates. Donald Trump, the presumptive Republican presidential nominee, has outrightly rejected the TPP though a number of Republicans more Democrats back the agreement. Democratic …

  Harsh V. Pant SPECIAL TO EMIRATES BUSINESS Dealing a major blow to Beijing’s insistence that it has special rights to South China Sea and in a victory for the Philippines, an international tribunal of judges decided that China’s claims to the critical waterway are without legal merit. The ruling, handed down by a tribunal based at the Hague’s Permanent …

  There seems to be this idea that just won’t go away — that two or more quarters of negative economic growth mark a recession. This is, of course, incorrect. But it persists, and seems to get new life with every unsettling economic event, because people don’t understand the basics surrounding what an economic contraction is or how we measure …

  Dubai / Emirates Business Careem — the region’s leading app-based booking service — has announced a strategic partnership with NEXT Future Transportation, Inc. to bring battery-powered, self-driving electric pods to the MENA region. The partnership comes in line with the announcement of the launch of the Dubai Autonomous Transportation Strategy, a new initiative aimed at making 25 percent of …

  Emirates Business Professional training courses delivered online are rapidly increasing in popularity across the Middle East, but the supply of suitable courses is failing to keep up with rising demand, according to the latest research by online recruitment firm GulfTalent. The findings are based on a comprehensive survey of 1,600 professionals based in nine countries across the Middle East, …

  Emirates Business Drake & Scull International PJSC, (DSI PJSC) — a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Rail & Infrastructure, Oil & Gas, and Water & Wastewater Treatment — has announced that it has been awarded a AED 226 million engineering, procurement and construction (EPC) contract …

  Emirates Business SellAnyCar.com, the Middle East’s first and largest car buying service guaranteeing the purchase of any car within 30 minutes is now giving traders and dealers the option of buying cars in real time when an individual shows up to sell their car. SellAnyCar.com’s white label solution links dealers to the SellAnyCar.com network to facilitate rapid trade-in, part …

  Emirates Business Emirati-inspired fashion took to the runway as part of the prestigious Alta Roma couture fashion week in Rome, Italy, with several collections featuring the traditional craft of ‘Talli’ and unique Italian interpretations on the abaya, the Arab world’s ubiquitous female garment. The Alta Roma show formed an integral part of the ongoing collaboration between leading fashion school …

  ABU DHABI / Emirates Business Using innovative technology to recycle palm tree waste into high quality wooden board products made locally, Talah Board’s sustainable business model can contribute to the reduction of wooden board imports to the UAE. In 2015, the UAE imported around 1.25 million cubic metres of wooden board products at a total cost of AED 1.6 …

  Dubai / Emirates Business dubizzle – the UAE’s leading recruitment platform – introduces an all-new applicant dashboard and “Highlight your application” service to its jobs section, providing applicants with useful tools to monitor job applications, and recruiters with an additional applicant screening filter. The applicant dashboard gives users more visibility and control on the progress of applications. It lists …