The European Union’s deal with Turkey to control the streaming of refugees into Europe has become a bittersweet issue, as some EU member states see the pact as a blackmail from Ankara to meet its longstanding demands. Finally, the EU on Wednesday gave conditional backing to visa-free travel for Turks under a migrant deal. It also announced new asylum rules …

  Donald Trump’s big Tuesday night victory in Indiana wasn’t technically going to clinch the nomination for him. Even by winning most or all of the delegates at stake in the Hoosier State, he would need more to get to the 1,237 he had to hit to be nominated at the convention in Cleveland — about 40 percent in the …

Nationalism is irrational, bizarre and threatening. Unless it’s your own, in which case it’s natural and reasonable. That’s a lesson I’ve learned as a foreign correspondent and one that teaches a lot about the U.K.’s furious debate over whether to leave the European Union. With each passing week of the campaign, the evidence that voting to exit the EU would …

  It’s now safe to assume that all software-based businesses will be cloud-based eventually. That raises an important question: Do we know how the major players are doing in the cloud? The answer is, “not really,” and that’s an issue that investors should raise with tech leaders. Installing software, especially specialized business-oriented systems, on local computers is obsolete, as is …

  Thu Huong Le SPECIAL TO EMIRATES BUSINESS In Vietnam, a scandal surrounding the mass die-off of fish has created an explosive wave of debate and activism on social media, particularly Facebook. Responding to the social media outcry, many rallied in cities across Vietnam on Sunday, during a national four-day holiday. The rallies took place at an unprecedented scale, spanning …

  One Belt, One Road (OBOR) is China’s plan to expand its politic and economic influence via a network of economic integration initiatives with stops across three different continents. China has big plans to fund the initiative. The Chinese Development Bank (CDB), the lead financial body for OBOR, will invest $890 billion into over 900 projects. China has also announced …

  BLOOMBERG Stocks declined worldwide and emerging-market currencies slid to a one-month low after two Federal Reserve officials signaled that the U.S. economy could warrant a rate hike at the central bank’s meeting next month. Equities gauges in the U.S., Europe and developing nations maintained losses, while the dollar pared gains after a report showed companies added fewer workers in …

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.24% to close at 4469.04 points. Accordingly the Market Capitalization has gained AED 1.75 billion attaining AED 724.94 billion. A total of 442.36 Million Shares were traded with a total value of AED 0.64 billion during the trading session of 04-05-2016 through 7443 transactions. The number of companies …

  Sunaina Rana / Emirates Business The UAE construction industry is currently moving up its growth ladder, thanks to buoyant infrastructure projects that are in the pipeline as part of the country’s Vision 2021. One of the ventures on the cards is Boulevard Point in Downtown Dubai. UAE-based construction firm Arabian Construction Company (ACC) has been awarded the contract to …

  Abu Dhabi / Emirates Business With the UAE joining other global governments in harnessing innovation and data to provide effective decision-making capabilities, the 2nd SAS Government Innovation Summit 2016 successfully concluded and received an overwhelming response from domestic government entities. Organized by SAS, the leader in analytics, the 2nd SAS Government Innovation Summit was held under the banner of …