March, 2019

• 17 March

  UAE provides 104 tonnes of food in Yemen’s Hadramaut

  HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided new batches of food aid to the residents of Wadi Yebaith, Wadi Hawl and Al Ghamssah in Yebaith District, Hadramaut. The aid included the distribution of 1,300 food parcels weighing 104,910 tonnes, to assist 6,500 underprivileged individuals. The number of food parcels distributed by the ...

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• 17 March

  Mohamed, Afghan president discuss ties

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Ashraf Ghani of Afghanistan, discussed bilateral ties between the two friendly nations, and means to advance cooperation between them. Sheikh Mohamed bin Zayed welcomed the visit of the Afghan President and his ...

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• 17 March

  Dubai comprises 30 percent of free zones in Middle East

  

  Dubai / WAM Free zones are now present in more than 80 percent of states in the world, including emerging countries, and comprise nearly 30 percent of global trade. Asia region consists of the largest number of free zones in the world, followed by North America, South America, and the Middle East. With 160 free zones (7.3 percent), the Middle ...

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• 17 March

  Rakez introduces business set-up package for students

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) announced launching of Mubader Package, an exclusive business set-up package for final year students and fresh graduates to support young talents in pursuing their entrepreneurial dreams. “This era is brimming with young, creative talents who have real appetite for entrepreneurship. Their drive and ideas are endless; all they need ...

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• 17 March

  UAE adopts AI to build skills of future generations

  

  Dubai / Emirates Business Omar Sultan Al Olama, Minister of State for Artificial Intelligence, said that the UAE Government adopts the uses of artificial intelligence technologies in the education sector in order to build abilities and skills of future generations and enhance their educational experience. This came during the launch of UAE AI Camp second edition, in the presence of ...

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• 17 March

  Low inflation in Southeast Asia puts experts on rate-cut watch

  

  Bloomberg Low inflation sweeping across Southeast Asia is here to stay, raising the odds some of the region’s biggest economies may reverse course on interest rates this year. Food prices have been falling across the region, driving down inflation and pushing up real interest rates. Malaysia is already in deflation, while others like Thailand are seeing almost stagnant price growth. ...

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• 17 March

  SingPost to ‘sell, shut’ US e-commerce unit

  

  Bloomberg Singapore Post Ltd. is likely to wind down or sell its loss-making US e-commerce business after conducting a strategic review of the unit, according to a Bloomberg survey. A potential divestment or shuttering of the business will bode well for SingPost’s long-term profitability, according to four analysts covering the stock. Two brokers including CLSA Ltd. have factored in benefits ...

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• 17 March

  China calls for US, European firms to join Belt and Road

  

  Bloomberg China pledged greater cooperation with American and European companies on Belt and Road ventures, in its latest bid to counter criticism that President Xi Jinping’s initiative is focused on projecting Beijing’s influence at the expense of host countries. China wants to combine its manufacturing and construction know-how with the advanced technology of Western firms on the global trade-and-infrastructure program, ...

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• 17 March

  ‘Japan should scrap sales tax hike’

  

  Bloomberg Prime Minister Shinzo Abe should abandon a scheduled increase in the sales tax this year as it risks pushing Japan’s economy into recession and hampering efforts to generate stable inflation, according to former economy minister Heizo Takenaka. “Of course a sales tax hike would increase the possibility of a recession,” said Takenaka, who is now a professor at Toyo ...

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• 17 March

  Germany’s bid to catch up on digital age hinges on 5G auction

  

  Bloomberg Germany’s effort to catch up to the digital age starts this week when the gavel falls on the auction for the airwaves to build ultra-fast 5G wireless networks. The rollout of the technology is critical as Europe’s biggest economy seeks to transition away from its reliance on old-school engineering. The country lags behind the likes of Albania and Moldova ...

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