When Donald Trump announced that he would nominate Wall Street lawyer Jay Clayton to lead the Securities and Exchange Commission, he cited the need to “undo many regulations which have stifled investment in American business.” At Clayton’s confirmation hearing this week, senators should ask exactly what that means. Scrutiny of Clayton has so far focused on his close ties ...

  Having made rookie mistakes, Trump must be thinking to change his tack on policies. Just two months old, Trump presidency is in disarray. Trump’s first policy setback came after his executive order banning travellers from seven Muslim-majority countries was blocked by US courts. Even the revamped travel ban failed to convince US judges that it was not a Muslim ...

  ABU DHABI / WAM In an indication reflecting the successful cost optimisation policy adopted by the United Arab Emirates, the UAE Federal Budget surplus rose during the first nine months of 2016 by 130 percent to AED8 billion from AED3.48 billion in the same period in 2015. Analysis indicated that the total revenues of the federal government reached AED37.463 ...

  ABU DHABI / WAM Heavy industries are among the major catalysts that underpin the economy of Abu Dhabi, with the emirate having invested more than AED51 billion over the past 15 years to establish a robust industrial infrastructure for aluminum and steel industries, according to a recent media report. Citing official figures of the Emirates Global Aluminum (EGA) and ...

  KUWAIT / Reuters A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement. An earlier draft of the statement had said the committee “reports high level of conformity and recommends six-month extension”. But the final version ...

  ABU DHABI / WAM The UAE Cabinet approved a national strategy to promote the rights of children with disabilities and maximise their well-being, and a strategy for motherhood and childhood, as part of the Strategic Plan for the Rights of Children with Disabilities 2017-2021, and the National Strategy for Motherhood and Childhood 2017-2021. Both Strategies were prepared under the ...

  Dubai / WAM Emirates Airline, the world’s largest operator of A380s, on Sunday celebrated the launch of three A380 destinations, bringing its flagship three-class double-decker aircraft from Dubai to Tokyo- Narita, Casablanca and Sao Paulo on the same day. With this triple deployment, it will be the first airline to operate scheduled A380 services in Latin America as well as ...

  Abu Dhabi / WAM The second annual Mother of the Nation Festival, a national cultural and social event to honour, celebrate and commemorate the inspirational values of Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, began at Abu Dhabi’s Corniche. Organised ...

  Sharjah / WAM Tourism from China grew by 63 percent in 2016, compared to 2015 figures, to become the sixth largest source of tourists to the emirate, according to the Sharjah Commerce and Tourism Development Authority (SCTDA). As tourist numbers from China continue to grow, SCTDA recently organised an event that focusses on continuing to increase visits from China. SCTDA ...

  Dubai / WAM In an effort to encourage international investments and enhance cooperation, the Annual Investment Meeting (AIM), which will take place in Dubai from 2nd- 4th April 2017, will discuss the role of free zones in shaping and promoting competitive economy. Spearheaded by leading experts of the industry, the discussion will focus on efforts of free zones in providing ...