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Ras Al Khaimah / WAM Recognising the importance of creating a flourishing ecosystem and environment for Small and Medium-sized Enterprises (SMEs), Rakbank launched a digital community platform called SMEsouk to support small businesses. The platform’s core focus is to support SMEs by connecting them with complementary industries for a comprehensive suite of non-banking value-added services such as licensing, accounting, insurance, ...

Dubai / Emirates Business The Saudi Logistics Hub, a government initiative mandated to support the growth of the country’s logistics sector, held its first global roadshow in the UAE in collaboration with the National Association of Freight and Logistics (NAFL). Numerous business leaders from the logistics sector attended the event, held at the Dubai International Financial Centre (DIFC), and learned ...

HODEIDAH / WAM The UAE, represented by the Emirates Red Crescent (ERC), provided new supplies of medicines and laboratory equipment to three medical centres in Hodeidah Governorate, as part of its timely efforts to support the health sector in Yemen’s Red Sea Coast. The medical aid was delivered to the Al Matina Centre in At Tuhayta District, and the centres ...

Bloomberg British businesses are taking Boris Johnson’s election pitch to ‘Get Brexit Done’ with a pinch of salt: they know that confusion over the UK’s exit from the European Union is set to carry on through 2020, or longer. Even if the prime minister wins a parliamentary majority in December and passes his Brexit withdrawal agreement, UK Plc would face ...

Bloomberg Germany is walking a tight line as an industrial recession threatens to drag down the broader economy, one of the leading economic experts advising Chancellor Angela Merkel‘s government warned. “Manufacturing has been hit hard by the decline in world trade — industry is in recession,” said Volker Wieland, a member of the council of economic advisers, which lowered its ...

Bloomberg BMW AG is showing signs of recovery under its new chief executive officer, with aggressive cost-cutting and demand for upscale models like the big X7 SUV helping to bolster third quarter earnings. After stumbling in recent quarters with low profitability and a series of operational and regulatory issues, CEO Oliver Zipse’s first results report after taking charge showed a ...

Bloomberg The US is encouraged that Japan and South Korea are showing their first signs of a thaw in their yearlong feud. But it’s unclear whether ties between the two American allies will warm fast enough to save a key intelligence-sharing pact. The neighbours have a little more than two weeks to stop the defense pact from becoming a lasting ...

Bloomberg China and France vowed to uphold multilateralism and free trade and build an open global economy, as President Xi Jinping nears a phase one trade deal with the US. Xi’s comments came during a three-day visit to China by President Emmanuel Macron. “Together, we sent a strong signal to the world to firmly uphold multilateralism and free trade and ...

Bloomberg India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. The proposal being considered comes after small traders approached the government with allegations of predatory pricing and deep discounting by Amazon.com Inc and Walmart Inc. They ...

RIYADH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prince Mohammed bin Salman bin Abdul Aziz, Saudi Crown Prince, Deputy Prime Minister and Minister of Defence, on Tuesday attended the signing of the Riyadh Agreement between the Yemeni Government and the Southern Transitional ...