October, 2016

• 26 October

  DMCA launches new ‘Maritime Dubai’

  Dubai / Emirates Business As part of the ongoing initiatives to cement Dubai’s leadership in the global maritime map, the Dubai Maritime City Authority (DMCA) launched its new ‘Maritime Dubai’ initiative. Placed under the management of ‘Dubai Maritime Cluster Office,’ the initiative seeks to sustain the local maritime sector’s exceptional achievements and lay the foundation for a new phase of ...

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• 26 October

  Gulf Navigation to expand fleet

  

    Dubai / Emirates Business Gulf Navigation Holding PJSC is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision was made at Gulf Navigation Holding’s latest board meeting. The move aims to meet the increasing demand for transferring chemicals from the UAE and other GCC countries to global markets. The signing ...

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• 26 October

  Curtains down on NATRANS exhibition

  

    Abu Dhabi / Emirates Business NATRANS Expo successfully concluded its second edition at the Abu Dhabi National Exhibition Centre on Wednesday. The event was held under the patronage of His Excellency Dr. Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of the Federal Transport Authority – Land and Maritime. The exhibition hosted more than 1,000 participants over ...

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• 26 October

  Trump’s America would look like India of 1991

  

    Donald Trump may never have an opportunity to put his nationalist economic ideas into practice, but they are almost certain to outlive his campaign. Many workers have come to believe that free trade kills jobs and that they and the U.S. economy overall would be better off if more stuff was made at home rather than in China or ...

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• 26 October

  Republican Party needs to revert to nominating Republicans

    When told that the New England transcendentalist Margaret Fuller had grandly declared “I accept the universe,” the Scottish philosopher Thomas Carlyle dryly remarked: “She’d better.” Much ink and indignation has been spilled concerning whether Donald (“I am much more humble than you would understand”) Trump will “accept” the election’s outcome. The nation, like the universe of which it is ...

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• 26 October

  This is no way to fix Europe’s dysfunctional banks

    Europe urgently needs to repair a banking system that’s weighing on the region’s economy. Governments say they understand, but they still aren’t taking the task seriously. The issue is global standards for capital — the bedrock financing that makes banks capable of absorbing losses without going bust. Lack of capital in 2008 turned financial setbacks into a full-scale crisis. ...

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• 26 October

  Venezuela’s economy needs a democracy shot

    Venezuela’s political and economic mess is deepening. Pro and anti-government rallies were taken out on Wednesday as the game of trading accusations continues to imperil the country’s future. Its president Nicolas Maduro has been charged by the opposition with halting the decision to call a referendum on removing him from power. On the other hand, Maduro has accused the ...

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• 26 October

  China can resist a crash but can’t prevent one

  

  After many years of 7- to 10-percent growth, economies tend to overheat, creating bubbles that burst. That’s what happened to South Korea and Japan in the 1980s and 1990s. But China’s economy keeps plugging along (though probably not at its published growth rate of 6.7 percent), defying the predictions of doomsaying pundits. Some indicators show a recovery this year. That ...

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• 26 October

  Brazil’s president turns scandal to his advantage

  

    When disgraced Brazilian powerbroker Eduardo Cunha was arrested last week, the country’s political establishment wobbled. Known for his Machiavellian skills as Brazil’s Frank Underwood, the former lower house speaker was the biggest target in the biggest corruption scandal on record. He had repeatedly insinuated that he wouldn’t go down alone. No one has more to fear from that threat ...

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• 26 October

  Imagine jailing the bankers who saved the world

    The U.K. may be on the verge of an unprecedented experiment in public accountability. The courts may soon be invited to consider the following question: Should government officials face prosecution if the actions they took to support the financial system during the credit crisis stink in hindsight? In late 2007 and early 2008, with markets in a meltdown and ...

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