The AED1.3 billion Hatta development plan — launched on Monday — will change the face of that area, while preserving its rich heritage. There are essentially three primary targets of the project: economy and services, sports and tourism and culture and education. All these will catapult Hatta into a place where culture and recreation coexist. Hatta — located in ...

  It’s hardly surprising that Theresa May’s first bilateral summit outside Europe was with India’s Narendra Modi. Like almost everything else May has done since taking office, the visit has been all about Brexit. Nor is it surprising that May flies back to London disappointed and chastened. It was painfully visible on her trip that post-Brexit Britain still hasn’t learned ...

  There’s a joke doing the rounds on Twitter: Brexit walks into a bar. “Why the long farce?” asks the barman. Unfortunately, it’s too close to the truth to be truly funny. Post-referendum Britain feels oddly different to the pre-plebisicite United Kingdom; less united, certainly, and also somewhat diminished as a kingdom. Less than five months after the surprise U.K. ...

  Adam Minter Nobody would ever mistake the Chinese Communist Party for a fleet-footed, democratic organization responsive to public opinion. But over the decades it’s shown a capacity to recognize when political winds are shifting and has been willing to accept outside advice and solutions. That’s changing under President Xi Jinping. China’s leadership has grown increasingly isolated and distant from ...

  Bloomberg A rally for Chinese banks listed in Hong Kong has cut their price gap to mainland shares in half — and that seems about as much as investors are willing to tolerate. In the five months through September, a gauge of the big four lenders’ Hong Kong shares jumped 15 percent as southbound cash poured into the stocks, ...

  Bloomberg Bank of China’s (BOC) top official in New York said he’s boosting compliance efforts amid a US crackdown on illicit money moves that already led to a $215 million penalty against Agricultural Bank of China Ltd. “From the perspective of regulation, the U.S. is the toughest,” Xu Chen, chief executive officer and president of Bank of China’s New ...

Bloomberg Credit Agricole SA, France’s third-largest bank, said quarterly profit doubled from a year earlier as it booked gains from a reorganization and bond-trading income surged. The lender also pledged a stable or rising dividend for next year. Net income climbed to 1.86 billion euros ($2.1 billion) in the third quarter, the bank said in a statement on Tuesday, in ...

Bloomberg The popularity of Malaysia’s ringgit and Indonesia’s rupiah among global investors has made them Southeast Asia’s most volatile currencies, just as the region heads for troubled waters. Already reeling from a commodity slump, debt in the two nations is seen by strategists as the most vulnerable to concerns surrounding the U.S. presidential election and the Federal Reserve’s next interest-rate ...

  Bloomberg As Greek banks struggle to clean up their balance sheets of bad loans, investors have been left pondering another uncertainty: Who will lead the country’s biggest lenders? The General Council of Greece’s bank recapitalization fund, HFSF, discusses whether to call an extraordinary meeting of National Bank of Greece shareholders aimed at forcing the lender’s chief executive officer, Leonidas ...

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) conducted a study to explore investment opportunities for GCC countries in Latin America and create a roadmap for bilateral relations between the two regions. The study comes in the lead-up to the Global Business Forum (GBF) on Latin America, which the Chamber is preparing to host on ...