October, 2016

• 24 October

  Europe’s banks think they’re incredibly safe

  

    Given the parlous state of Europe’s economy, it’s hard to imagine that the investments of the region’s banks are among the safest in the world. Yet that is precisely what they would have regulators and investors believe. The banks’ safety has come into the spotlight as European officials — including German Finance Minister Wolfgang Schaeuble and European Commission financial-services ...

  Read More »
• 24 October

  Tobacco taxes work, as long as they’re high enough

    When smoking costs more, more people quit. That’s why higher cigarette taxes are almost always good policy, for smokers and the public health, too. There’s a catch, though — and it’s one that voters in four states should keep in mind as they consider ballot initiatives next month to raise cigarette taxes: Sin taxes work only if they’re high ...

  Read More »
• 24 October

  Consolidating Philippines’ economic strength vital

    Philippine President Rodrigo Duterte’s repeated tirades have raised a wave of worry for the United States. The firebrand leader recently remarked that his country would “separate” from the US. Later, however, he clarified his comment and said he did not plan to sever the nation’s seven-decade alliance with America. For some time now, Duterte has been cozying up to ...

  Read More »
• 24 October

  Brits are starting to count the cost of Brexit

  

    In the June referendum on whether Britain should leave the European Union, 61 percent of the voters in the city of Sunderland voted to quit. As a result, 6,700 jobs at Nissan’s factory there are now in peril as the Japanese carmaker weighs whether to build the next version of its Qashqai model in the northeast of soon-to-be-independent England. ...

  Read More »
• 24 October

  State can’t fill India’s dangerous investment gap

  

    India’s celebrated position as the world’s fastest-growing large economy conceals a dangerous weakness: Too few people seem to want to invest in the country. Even going by the government’s growth figures, private investment is shrinking at an increasing pace — by 1.9 percent between January and March, and by 3.1 percent between April and June. India’s Aspirations The government ...

  Read More »
• 24 October

  Luxembourg to participate in Expo 2020 Dubai

  

    Dubai / WAM Expo 2020 Dubai announced on Monday Luxembourg as one of the first countries to formally confirm its participation, raising to 70 the national commitments received from countries from all around the world. The agreement was made at a meeting with HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, during a ...

  Read More »
• 24 October

  ‘UAE-India foreign investment sees sharp rise’

  

    Dubai / Emirates Business A high profile delegation comprising 25 delegates from Thrissur Chamber of Commerce, India, under the leadership of its President TS Pattabhiraman, Chairman and Managing Director, Kalyan Silks held a high level discussion with officials from Dubai Chamber of Commerce on Monday in Dubai. Announcing this in a press release, Pattabhiraman said that the team from ...

  Read More »
• 24 October

  WFES to highlight extensive renewable opportunities in India

    Abu Dhabi / WAM India’s solar power industry will showcase an unprecedented range of investment opportunities at the World Future Energy Summit (WFES) 2017 in Abu Dhabi, after the Indian government recently outlined plans to add an additional 175 GW of renewable energy to the nation’s electricity supply by 2022. The Indian Ministry of New and Renewable Energy (MNRE) is ...

  Read More »
• 24 October

  TECOM establishes DIDI

    Dubai / Emirates Business Under the patronage of Her Highness Sheikha Latifa Bint Mohammed Bin Rashid Al Maktoum, Vice Chairman of the Board of Directors, Dubai Culture & Arts Authority, TECOM Group, part of Dubai Holding, the leading global investment group, and Dubai Creative Clusters Authority announced the establishment of Dubai Institute of Design and Innovation (DIDI). Considered a ...

  Read More »
• 24 October

  DEWA successfully concludes World Energy Day

    Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) organised a number of innovative and interactive activities at Festival City Mall for three consecutive days, in conjunction with World Energy Day, endorsed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, along with representatives of 54 countries, in ...

  Read More »