January, 2017

• 18 January

  Samsung’s scandal, South Korea’s shame

  

    A decision to arrest a top executive of the Samsung Group on suspicion of bribery and embezzlement would no doubt cheer the millions of South Koreans fed up with collusion and cronyism among the country’s elite. The way to prevent future scandals, however, is to transform the huge companies like Samsung that dominate the country’s economy. A court will ...

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• 18 January

  Theresa May’s Brexit gamble

    British Prime Minister Theresa May made UK stance about Brexit clear in her 40-minute speech. It has been heralded as a forwarding looking by some, and condemned by many others. She said that Britain would leave the EU single market of some 500 million people, but seek the greatest possible access to it through a new, comprehensive, bold and ...

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• 18 January

  UAE, New Zealand discuss ways to bolster economic ties

  

    Dubai / Emirates Business Eng. Sultan bin Saeed Al Mansouri, UAE Minister of Economy (MoE), affirmed that the economic relations between the UAE and New Zealand continue to grow and are expected to develop further as the two countries aspire to strengthen cooperation in a number of economic sectors of common interest and prioritized within their respective development plans. ...

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• 18 January

  Ownership of Estidama Villa Products Database transferred to QCC

  

    Abu Dhabi / Emirates Business The Abu Dhabi Urban Planning Council (UPC) will be transferring ownership of Estidama Villa Products Database (EVPD) to Abu Dhabi Quality and Conformity Council (QCC). This transition has been decided by Abu Dhabi Government in order to utilize QCC capabilities to enhance product quality and to build upon the successful implementation of the Estidama ...

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• 18 January

  MOHAP launches ‘Help Me Hear’ drive

  

    Dubai / Emirates Business The Ministry of Health and Prevention (MOHAP) has announced the launch of the ‘Help Me Hear’ initiative in a press conference held in conjunction with the Emirates Otorhinolaryngology Audiology and Communication Disorders Congress which was attended by Dr Hussein Abdul Rahman Al Rand, Assistant Undersecretary for Health Centers and Clinics and Chairman of the Congress. ...

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• 18 January

  Abu Dhabi to celebrate Chinese New Year

    Abu Dhabi / Emirates Business Abu Dhabi will mark Chinese New Year with a range of spectacular performances, activities and promotions as the emirate celebrates China’s rich heritage, culture and history. Locations across the city will host a variety of entertaining activities including traditional parades, dragon dances, Kung Fu shows and demonstrations of Chinese dances and arts as the ...

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• 18 January

  Partnership strategy a core element of Etihad growth: Hogan

  

    Abu Dhabi / Emirates Business Etihad Aviation Group’s partnership strategy has been a core element of the growth of the business, said President and Chief Executive Officer James Hogan in a speech on Wednesday. Delivering a keynote at the 19th Annual Global Airfinance Conference in Dublin, Hogan said the strategy, which resulted in 5.5 million guests connecting onto the ...

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• 18 January

  Australia’s property market prompts top fund to cut debt

  

    Bloomberg Australia’s overheated property market has spurred one of the nation’s top-performing fixed income money managers to cut some of its real estate debt investments to the lowest level since the 2007 financial crisis. Vivek Prabhu, the Sydney-based head of fixed income at Perpetual Ltd., is making the move as he braces for potential blow-ups in the nation’s A$7.6 ...

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• 18 January

  China eases curbs on foreign investments

  

    Bloomberg China has released plans to relax restrictions on foreign investment and make it easier for overseas companies to list on domestic markets, as Premier Li Keqiang pushes ahead with efforts to open up the world’s second-largest economy. The government will ease overseas investment curbs on banking, securities, futures, mutual funds and insurance, according to measures approved by Li ...

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• 18 January

  Rio, Aluminum Corp of China end joint venture

  

    Bloomberg Rio Tinto Group and its largest shareholder Aluminum Corp. of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co., a joint venture between Rio and Aluminum Corp., also known as Chinalco, was launched in 2011 to seek out deposits in China and had plans ...

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