Classic Layout

‘UAE committed to promote respect for human rights’

  GENEVA / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs reiterated UAE’s commitment to promoting respect for human rights and fundamental freedoms. Giving the UAE statement before the High Level Segment of the 34th session of the United Nations Human Rights Council in Geneva, Dr Gargash said by promoting respect for human rights, the UAE ...

Read More »

Emirates NBD, Dubai SME to boost ‘water sustainability’

  DUBAI / WAM Emirates National Bank of Dubai (Emirates NBD) announced it would cooperate with Dubai SME to provide four-year, interest-free payments for buyers of revolutionary machines which literally convert air into water. The deal between Emirates NBD and Dubai-based Sky River was signed at Gulfood 2017, the world’s largest annual food event running at Dubai World Trade Centre ...

Read More »

EGA’s net income increases 10 percent to AED2.1 billion

  Abu Dhabi / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside the oil and gas industry, reported net income for 2016 of AED 2.1 billion, an increase of 10 per cent compared to 2015. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at AED 5.0 billion, in line with 2015. ...

Read More »

DP World, Tejari sign 5-year extended pact

  DUBAI / Emirates Business Following a highly successful partnership, DP World has signed a five-year extended agreement with leading strategic procurement company BravoSolution / Tejari. The deal was made following the existing five year relationship where Tejari supported DP World’s supplier relationship, tendering and contract management processes into a seamless, integrated online platform that can be accessed both locally ...

Read More »

MoF keen to enhance culture of innovation

DUBAI / WAM In a bid to contribute to achieving the UAE Vision 2021 and the National Innovation Strategy, Ministry of Finance hosted CEOs of Innovation from Federal Government authorities as part of the new interactive platform, ‘Innovators Network’, which was launched by Mohammed bin Rashid Centre for Government Innovation. The session covered development opportunities for government entities, innovation plans, and ...

Read More »

The age of disbelief

  We live in an age of disbelief. Many of the ideas and institutions that have underpinned Americans’ thinking since the early years after World War II are besieged. There is an intellectual and political vacuum into which rush new figures (Donald Trump) and different ideas (America First). These new ideas and leaders may be no better than the ones ...

Read More »

A frothy Chinese IPO can make some fickle friends

  China is counting on heady valuations and its power as the gatekeeper to get tech stars like Ant Financial to go public at home rather than in New York or Hong Kong. Listing candidates should be wary — no matter how much it’s reformed, the domestic market is full of fickle investors and regulators. China Securities Regulatory Commission Chairman ...

Read More »

Keeping America’s doors open

  Donald Trump’s latest harsh immigration orders leave little doubt about how he and his administration view outsiders who have come to the U.S. illegally. His views on high-skilled, legal immigrants are more complicated. He’s vowed to punish companies that bend the rules to replace American workers with cheaper foreigners, but he’s also said he welcomes talented innovators to America’s ...

Read More »

Samsung in bad spot over Lee’s indictment

  The influence-peddling scandal, which led to the impeachment of South Korean President Park Geun-hye, is getting knottier. It took the dramatic turn when a court granted special prosecutor’s request for permission to arrest Samsung Group’s de facto leader Jay Y Lee over allegations of bribery and embezzlement. Lee is accused to have made payments of tens of millions of ...

Read More »

Qatar falls sharply, Etisalat drags on Abu Dhabi; Saudi flat

  DUBAI / Reuters Most stock markets in the Gulf fell on Tuesday with Qatar’s index hit particularly hard, but Saudi Arabia ended almost flat as petrochemical shares rebounded. Qatar’s stock index dropped 2.2 percent; all banking shares fell with Qatar National Bank retreating 2.9 percent. A monthly Reuters poll, published on Tuesday, found 62 percent of Middle Eastern fund ...

Read More »
Send this to a friend