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Dubai / WAM Dubai Chamber of Commerce and Industry has announced the formation of the New Zealand Business Council (NZBC), in Dubai in a move to strengthen UAE-New Zealand relations and expand bilateral economic ties. The New Zealand Business Council is the 50th country-specific business council to be established in Dubai under the umbrella of Dubai Chamber. The council has ...

Bloomberg The US and China are edging closer to resolving differences on currencies that have bogged down economic talks for nearly two decades. The only question is how meaningful the deal will be. With both nations inching towards a trade agreement that’s expected to include a provision for China to hold the yuan stable, US President Donald Trump is shifting ...

Bloomberg Investors looking for opportunities to make money in India’s election year will most likely find them in the battered corner of the nation’s $2 trillion stock market: mid-cap shares. Mid- and small-sized companies are trading at a discount to their historical averages after the recent selloff, and the fund house plans to gradually boost its exposure to them relative ...

Bloomberg President Donald Trump regularly declares that he’s winning his trade wars. Yet evidence is growing that the US economy is a net loser so far. In two separate papers published over the weekend, some of the world’s leading trade economists declared Trump’s tariffs to be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed for worsening ...

Bloomberg A federal judge is requiring PG&E Corp. to abide by rules governing how the utility operates its power lines in California, seeking to reform what he described as “dismal” management that led to a series of destructive fires over the past two years. US District Judge William Alsup gave PG&E a March 22 deadline to present any arguments as ...

Bloomberg Tesla Inc. Chief Executive Officer Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter. Many sales personnel first found out about the decision when Tesla published a public blog post, said the people, who asked ...

Bloomberg Late last month, as US officials joined Venezuelan opposition leader Juan Guaido near a bridge in Colombia to send desperately needed aid to the masses and challenge the rule of Nicolas Maduro, some 200 exiled soldiers were checking their weapons and planning to clear the way for the convoy. Led by retired General Cliver Alcala, who has been living ...

ABU DHABI / WAM With effective and timely action, the world’s most valuable resource – its oceans – could be saved. In creating a sustainable ocean economy, countries around the globe have a real chance at protecting their biodiversity and safeguarding their food and climate security. These were the key takeaways on day one of the sixth World Ocean Summit, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the allocation of AED1 billion for infrastructure projects in Fujairah as part of the 2017-2021 five-year plan being implemented by the Ministry of Infrastructure Development on the eastern coast. His Highness also approved the allocation of AED400 million to build ...

Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, on Tuesday inaugurated Middle East Electricity 2019 – the 44th edition of the region’s leading event for the power industry. Held under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and hosted by ...