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UK Plc urges May not to push it off Brexit’s ‘cliff edge’

  Bloomberg The UK’s main corporate lobby is urging the government to clarify what happens on the day after Brexit, seeking to ensure that business isn’t left dangling if the country is unable to strike new trade deals before it leaves the European Union. “Businesses are inevitably considering the cliff-edge scenario—a sudden and overnight transformation in trading conditions,” Paul Drechsler, ...

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Innovation key component of RTA’s projects and initiatives

  Dubai / WAM The wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has redefined the concept of innovation, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has said. It ...

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NMC launches activities with training workshops

  Abu Dhabi / WAM The National Media Council (NMC) launched its first activities during Innovation Week, which include a series of training workshops dealing with happiness in innovation, career harmony and media innovation, with the aim to establish a culture of innovation in the institutional and media work environment. These activities aim to bring happiness to the staff so that ...

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ATDD to share its insights on innovation

  Ajman / WAM Ajman Tourism Development Department (ATDD) announced its participation in the UAE Innovation Week 2016, as a supporting sponsor of the Tourism Innovation and Transformation Forum, held in Dubai under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy. The participation is in line with the vision of Vice President, Prime Minister and Ruler of Dubai, ...

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Ministry of Culture focuses on cultural heritage

  Abu Dhabi / WAM Focusing on knowledge content, Arabic language and national identity, the Ministry of Culture and Knowledge Development has highlighted a number of initiatives during UAE Innovation Week. These initiatives were presented across three major pavilions in Umm Al Qaiwain, Ras al-Khaimah and Fujairah. They include a smart library initiative providing cultural services to employees working in all ...

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DEWA showcases future innovations

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), opened DEWA Innovation Week 2016. The opening ceremony was attended by DEWA’s Executive Vice Presidents, Vice Presidents, and senior officials. Al Tayer toured the Innovation Week activities including the Innovation Hub, the Future Dome, and the Innovation Exhibition. The Innovation Hub features four ...

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Asia to shrink trade focus as protectionism rises

Lima / AFP Fast-growing Asia-Pacific economies will strike more trade deals among themselves as opposition grows in Europe and the US to globalization, analysts say, warning the West will lose out as the dynamic region powers ahead. The most high-profile victim of recent protectionist sentiments has been a major US-led trans-Pacific deal, which is as good as dead after the ...

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Asia-Pacific leaders vow to defend free trade

  Bloomberg Asia-Pacific leaders are expected to send a strong message in defense of free trade on Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump’s protectionism. The broad consensus at the Asia-Pacific Economic Cooperation (APEC) summit, which features some of the world’s most powerful leaders on both sides of the Pacific, is ...

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Aussie mortgage bonds missing in action as cheaper funds beckon

  Bloomberg Home-loan providers in Australia are selling mortgage bonds at the slowest pace in four years, flocking instead to cheaper debt that doesn’t require collateral. Just A$14.8 billion ($11 billion) of new residential mortgage-backed securities have been issued so far in 2016 by banks and other housing lenders, 36 percent less than at this stage last year, data compiled ...

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