Bloomberg As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards will be able to repay record amounts of debt coming due next year. Yields on bonds of Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. have shot up this year. The top …
Read More »
Bloomberg The popularity of Argentine President Mauricio Macri has faded since he took office a year ago, as Latin America’s third-largest economy slid into recession and inflation soared. But his appeal among the nation’s farmers remains as strong as ever. That’s because of the stark difference between Macri and his predecessor, Cristina Fernandez de Kirchner, for an agriculture industry …
Read More »
Bloomberg Six months after Britain voted to leave the European Union, the signs are pointing to a “hard†Brexit, according to a report by 12 academics and policy researchers. The shock decision has united the 27 other EU members to a degree rarely seen, while exposing how divided Britain is, U.K. in a Changing Europe, an EU-funded research program …
Read More »
Dubai / WAM To realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as the capital of the Islamic economy, the Dubai Islamic Economy Development Centre (DIEDC) needs to continually adapt its Islamic economy strategy to reflect emerging trends across the sector’s …
Read More »
Abu Dhabi / WAM UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan declared 2017 as the “Year of Giving†to promote the culture of giving back to the community and enhance the spirit of volunteering and loyalty to one’s country. The “Year of Giving†will focus on three main pillars: the first of which aims at creating a …
Read More »
Dubai /Â WAM The Board of Executive Directors of the Roads and Transport Authority (RTA), chaired by Director-General and Chairman of the Board of Executive Directors of RTA Mattar Al Tayer, approved the awarding of the Hatta Gate Construction Contract. This is a part of the Hatta Development Master Plan announced by Vice President and Prime Minister of the UAE …
Read More »
Dubai / Emirates Business HE Dr Thani Al Zeyoudi, the UAE Minister of Climate Change and Environment, recently visited an organic vegetables and fruits farm in Al Foah City, Al Ain, which is owned by Elite Agro, one of the largest organic food producers and distributers in the UAE. The visit came as part of the mission of the …
Read More »
Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, announced the ‘1,000 Chinese Visitors to Morocco’ campaign with Beijing Yougo World International Travel Service Co. Ltd. (Uniway), the largest Chinese tour operator specialising in outbound tourism to the Middle East and Africa. The award-winning airline is also joining hands with the Moroccan National …
Read More »
United Nations / AFP The UN Security Council demanded that Israel halt settlements in Palestinian territory, after the United States refrained from vetoing a resolution condemning its closest Middle East ally. In a rare and momentous step, the United States instead abstained, enabling the adoption of the first UN resolution since 1979 to condemn Israel over its settlement policy. …
Read More »
Bloomberg Teva Pharmaceutical Industries Ltd. agreed to pay $519 million to US authorities after admitting to paying bribes in Russia, Ukraine and Mexico to boost sales. Teva, the world’s biggest maker of generic medicines, admitted to making corrupt payments to public officials and doctors, including an unidentified high-ranking Russian government official, according to a statement on Thursday by the …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.