History was made early Tuesday when Solar Impulse 2 completed its historic round-the-world journey, becoming the first solar-powered airplane to circle the globe, with the aim to promote renewable energy. The selection of Abu Dhabi to be the launch-pad and the final leg of the epic odyssey wasn’t coincidental as the capital has been the centrestage of clean energy. ...

  Catherine Putz SPECIAL TO EMIRATES BUSINESS Days after two suicide bombers killed more than 80 people amid a peaceful demonstration in Kabul, the country’s president said the Af-Pak relationship is Afghanistan’s biggest problem. In an interview with Pakistani media, President Ashraf Ghani agreed that terrorist groups, like the Taliban and al-Qaeda, are threats to the country but noted that ...

Standard economic theory says that taxation reduces productivity. If you tax income, you reduce the incentive to work. If you tax capital gains, you reduce the incentive to invest, and so on. When you discourage useful economic activity, the economy becomes less efficient. But what if it were possible to impose taxes in a way that also increased productivity? That’s ...

  Dubai / Emirates Business There are 183 hotel projects and 54,000 hotel rooms in the UAE pipeline, according to a new report. The hotel construction report by TOPHOTELPROJECTS prepared exclusively for The Hotel Show Dubai 2016 reveals that the majority of the new hotels are expected to open before 2020. The busiest years are forecast to be 2017 (56 ...

  ABU DHABI / Emirates Business Emirates Property Investment Company (EPICO), the property and facilities management arm of Al Fahim Group, has announced the opening of its new office in Abu Dhabi. Located in the Mezzanine 1 level of Dalma Plaza, Hamdan Street, Abu Dhabi, the new office aims to cater to the growing demand for EPICO’s specialized leasing and property ...

  Dubai / Emirates Business In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high customer demand after the iconic Bellevue Tower 1 was launched in ...

  Emirates Business Canon Middle East, world leader in imaging solutions, on Tuesday introduces the PowerShot SX620 HS, a compact superzoom camera designed to get you closer to the action, thanks to a new 25x optical zoom. This stylish camera is perfect for capturing precious moments, when a smartphone snap simply won’t cut it, thanks to the 20.2 Megapixel CMOS ...

  ABU DHABI / WAM Some 35 government and private companies have set up pavilions in the exhibition area of Liwa Dates Festival, promoting the latest trends and achievements in the business of dates. Among the active participants in the festival are: Al Dhafra, one of UAE’s largest dates company, which recently reported that the Emirates are now the world’s ...

    Jeddah / TNS Twenty-two years after the signing of the Israel-Jordan peace agreement, the Middle Eastern neighbours are eager to strengthen their relationship through a range of joint infrastructure ventures. Earlier this month a senior Israeli delegation led by Deputy Minister of Regional Cooperation Ayoob Kara met with Jordanian Prime Minister Dr. Hani Al-Muki and discussed closer cooperation on ...

  Reuters Economists expect Egypt’s central bank to keep rates unchanged at its monetary policy committee (MPC) meeting on Thursday, after it raised rates by 100 basis points at its last meeting. The central bank put up its key rates by 100 basis points to their highest level in years at its last MPC meeting on June 16, a move ...