As the push for Brexit gains momentum, the debate zeroes in on immigration and economy amid a tight race. Both the ‘Remain’ and ‘Leave’ camps have been criticised for misrepresenting facts in a campaign that has split the ruling Conservative Party and the people of UK. Ahead of the June 23 vote, an average of the last six domestic ...

  Luke Hunt SPECIAL TO EMIRATES BUSINESS The use of religion to provide a prescription for social ills is not uncommon; it’s a practice that dates back to the ancient Greeks. But too often advocates of a better life from beyond the grave have been caught lying, thus abusing the public’s trust and their privileges. In Thailand, the Buddhist clergy ...

  This year’s Shangri-La Dialogue clearly showed that Asia has not become safer over the last year and is unlikely to become any safer in the near future. Quite the contrary, the security threats at hand may well extend far into the next decades, making the Asian Century not one of economic dynamism, but of political squabbles. Just this week, ...

  Bloomberg Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the countries to fix the value of their currencies to the greenback, keeping the status quo comes at a price as lower crude prices strain public finances, the ...

  Geneva / WAM The UAE has been elected to chair the Finance Committee of the International Labour Organization during their 105th conference that was held in Geneva, votes cast by the participating states of the committee marked the UAE as the leading representative. The Finance Committee comes with great responsibilities and was formed by the organization to study, discuss, adopt ...

  DUBLIN / Reuters Qatar’s sovereign wealth fund is set to buy a major stake in Irish telecoms firm Eir, the Irish Times reported on Thursday, in a move that would likely support its plans to hold off from a stock market flotation for now. The Qatar Investment Authority (QIA) is on course to acquire York Capital, Eir’s second-largest shareholder’s ...

  ABU DHABI / WAM Abu Dhabi City Municipality(ADM) underlined the importance of upgrading procedures to provide the best services, ensure optimal service management, and adopt top asset management practices through concerted efforts with all partners. To this effect, a workshop was organised by a number of infrastructure assets management teams in collaboration with the Opus Middle East Company, and ...

  DUBAI / WAM Dubai Customs, represented by the Jebel Ali Customs Centres Management, organised the largest public auction yet, in cooperation with DP World. As many as 533 containers were auctioned this time, comprising 35 categories of new and used goods that went under the hammer at the 3-day public auction. The auction, overseen by Dubai Customs’ Jebel Ali ...

  Copenhagen / WAM A partnership of leading international organizations, including the United Nations, announced the launch of a first-ever global standard to measure food loss and waste while at the Global Green Growth Forum (3GF) 2016 Summit currently underway in Copenhagen, Denmark. The Food Loss and Waste Accounting and Reporting Standard (FLW Standard) is a set of global definitions ...

  AMMAN / WAM The Gulf Organisation for Industrial Consulting (GOIC) participated in the 8th AFAQ Economic Conference, held recently under the title “Modern Economic Issues” in Amman, Jordan. Mohammed bin Khamis Al Mukhaini, Assistant Secretary-General for Industrial Information and Studies at GOIC, said, “It was an important opportunity to discuss challenges that various economic sectors face and to exchange ...