December, 2018

• 8 December

  Sharjah looks to establish trade relations with African nations

  

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre, will organise a trade mission to Kenya and Uganda, as part of its strategy to find and develop marketing opportunities for local industries in promising foreign markets, and especially in Africa. The chamber’s trade mission will travel on Monday, along with the ...

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• 8 December

  Kalimat, Gallucci establish publishing house

  Rome / WAM Kalimat Group, a leading global publisher of award-winning Arabic children’s and young adult books, and Gallucci Publishing, an Italian publisher known for books that help address challenges faced by the youth, have come together to establish the Gallucci-Kalimat publishing house. The joint publishing house will work on translating, distributing, and marketing titles in Italy initially, with plans ...

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• 8 December

  Tahkeem signs MoU with UK’s Chartered Institute of Arbitrators

  

  SHARJAH / WAM Sharjah International Commercial Arbitration Centre, Tahkeem, signed a Memorandum of Understanding (MoU), with the London-based Chartered Institute of Arbitrators (CIArb), for a range of collaborations including support, advice, and training. On behalf of Tahkeem, the MoU was signed by Ahmed Saleh Al-Echlah, Tahkeem Director, and Anthony Abrahams, Director General CIArb, in the presence of Abdulla Deaifis, Tahkeem ...

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• 8 December

  Dubai witnesses 124% increase in paper industry firms

  

  Dubai / WAM The Business Registration and Licensing (BRL) Sector in the Department of Economic Development (DED), Dubai, has issued a report on the paper products industry, which includes statistics on the number of companies operating in Dubai, and the historical presence of paper product companies from 1963 until 2018. This is to assist in determining the expected volume of ...

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• 8 December

  China ramps up solar panel exports

  

  Bloomberg The world’s largest solar panel maker is selling a great deal more overseas to keep its domestic industry afloat. China’s exports in the third quarter soared 66 percent from a year ago after the government’s decision to cut support for the local solar power industry dented domestic demand. Shipments to Australia more than doubled and tripled to Mexico, making ...

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• 8 December

  N-power key to carbon cut goal, says Xcel CEO

  Bloomberg Xcel Energy Inc Chief Executive Officer Ben Fowke said keeping nuclear power plants open is key for the utility to meet its goal to slash greenhouse gases. The company, which pledged to cut carbon dioxide emissions 80 percent by 2030 and 100 percent by 2050, operates two reactors in Minnesota that will become increasingly vital as wind and solar ...

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• 8 December

  Huawei CFO arrest stokes China fury amid key US trade talks

  

  Bloomberg Huawei Technologies’ chief financial officer was arrested in Canada over potential violations of US sanctions on Iran, provoking outrage from China and complicating thorny trade negotiations just as they enter a critical juncture. China’s embassy in Canada demanded the US and its neighbour “rectify wrongdoings” and free Wanzhou Meng, who is also deputy chairwoman and the daughter of Huawei ...

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• 8 December

  Grab sees boost after Thai election

  

  Bloomberg Grab hopes Thailand’s upcoming general election will help revive the conversation about legalising ride sharing in the country. Talks about reforming the law can be put back on the table once an elected government is in place, Tarin Thaniyavarn, the head of Grab in Thailand, said. The military government in power since a coup in 2014 has tentatively scheduled ...

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• 8 December

  Nissan to recall cars on inspection failures

  

  Bloomberg Nissan Motor Co. is planning to recall 150,000 vehicles in Japan after uncovering more failures in its final vehicle inspection process, dealing another blow to the carmaker whose former Chairman Carlos Ghosn is detained over alleged financial crimes. The new problems include inappropriate tests of steering and brakes, the carmaker said in a statement. Nissan has been under scrutiny ...

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• 8 December

  China Copper imports slump for first time as economy slows, trade stalls

  

  Bloomberg China’s monthly copper imports dropped for the first time this year as demand wanes due to slowing growth in the world’s biggest consumer of commodities amid a simmering trade row with the US. Oft cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally. Goldman Sachs ...

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