Bloomberg Talk to bankers in Miami who manage the fortunes of Latin Americans and they’ll tell you how hard they’re working to improve compliance with “know-your-customer” rules in the wake of corruption, tax-evasion and money-laundering scandals. The effort required to vet wealthy individuals from outside the US can be so intensive that banks are increasing minimum investment amounts for prospective ...

Bloomberg Thailand, land of golden temples, white-sand beaches, smiling hosts. Or of overcrowded airports, epic traffic jams and littered seashores. Facing a deluge of Chinese tourists that has strained its airports beyond capacity, the Southeast Asian nation is spending billions to upgrade its infrastructure, open up new islands and cities to travellers, and tone down its image of cheap shopping ...

Bloomberg Ikea is the latest company ensnared in the European Union’s sprawling tax probes as regulators look at whether the retailer’s revenue deals in the Netherlands allowed it to avoid hundreds of millions of euros of taxes. The tax breaks may have given Inter Ikea Group, which operated the Swedish furniture maker’s franchise business, an unfair advantage over rivals, the ...

Bloomberg To get to Ivanka Trump’s store in Trump Tower, shoppers must first walk past metal barricades and police in body armor toting automatic weapons. Through the revolving doors is another checkpoint, where security employees check your bags. Then, once you’ve made it through, the now famous lobby and its golden elevators appear. In an alcove just to the side ...

ABU DHABI / WAM Hu Changsheng, Director-General of the Organisation Department of the Communist Party of China at the Fujian Province, has praised the UAE’s overall advanced social and development experience. Changsheng made this statement during a lecture organised by the Emirates Centre for Strategic Studies and Research (ECSSR) at its headquarters in Abu Dhabi, under the theme, “Promoting the ...

ABU DHABI / WAM Preliminary statistical data of the Federal Customs Authority (FCA) revealed that the UAE’s general trade volume from January to the end of June 2017 amounted to AED784 billion, compared to AED777.6 billion during the same period of 2016, signalling a one percent growth. The UAE’s general trade volume kept increasing during the first six months of ...

ABU DHABI / WAM A total of 1104 buildings have been completed in the Emirate of Abu Dhabi during Q3 2017, a growth of 3.6 percent from 1066 buildings during corresponding period 2016, in a yet a fresh sign reflecting the significant improvement in the realty sector in the emirate, which is considered among the key economic platforms in the ...

ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 0.4%, from AED1244.1 billion at the end of October 2017 to AED1248.8 billion at the end of November 2017. In a statement, the bank added that the Money Supply aggregate M1 decreased by 0.3%, from AED492 billion at the end of October ...

DUBAI / WAM The UAE-based Al Marakeb Boat Manufacturing Company has revealed the launch of its latest offering, the B7X. The new model, which can be utilised for both manned and unmanned operations, is also being dubbed as the world’s first ever mass produced dual-use USV being made available for commercial purposes. The B7X, along with Al Marakeb’s other models, ...

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, on Monday received a delegation from Senaat General Holding Corporation and its Group of Companies, and was briefed on the milestones achieved by Senaat over the past period despite the headwinds besetting international markets. ...