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Dubai / WAM The Department of Economic Development (DED), announced the release of the ‘Dubai Economic Report 2018’ on Saturday. The report reviews the major macro-and sectoral level economic developments and growth in the emirate during 2017. It aims to be a reference for public and private sector decision-making as well as for developing policies and strategies that enhance overall ...

Abu Dhabi / WAM The UAE is committed to universal humanitarian principles, and does not differentiate between peoples when delivering aid to those in need, said His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC). The UAE leadership, under President His Highness Sheikh Khalifa bin Zayed Al ...

Bloomberg An hour’s drive north of Paris along the River Seine lies Flins, home to Renault SA’s biggest and oldest factory, where 2,700 workers and 900 robots toil in tandem to churn out a steady stream of compact cars. More than half of the vehicles rolling off the line, however, don’t carry the Renault diamond badge. Instead, the factory’s most ...

Bloomberg The country that brought robots to car factories looks set to stay resolutely old school in agriculture as it seeks to attract more foreign workers to replenish an aging workforce. This month’s vote by Japan’s parliament to open the door more widely to overseas labourers confirms that despite government support and millions of dollars of investment in high-tech agriculture ...

Bloomberg The UK published its long-awaited immigration plan for life outside the European Union, to end freedom of movement from the bloc and prioritise skilled workers regardless of nationality. Home Secretary Sajid Javid said the aim was to bring net migration down to “sustainable levels.” Reducing immigration has been a major issue for British voters and was a key motivation ...

Bloomberg Global trade developments may dictate how lively Canadian corporate bond sales are next year. Trade tensions, which increased volatility and caused sales in the Canadian corporate securities market to collapse in the fourth quarter, are poised to continue. Issuers pulled back from the market in the fourth quarter and in 2019 volatility may put investors in the driver’s seat ...

Bloomberg BMW AG dodged a takeover attempt by Mercedes-Benz parent Daimler AG six decades ago, and ever since the two luxury-car icons have been bitter rivals — until recently. Reflecting the historic challenges gripping the auto industry, BMW and Daimler are reaching across the aisle to team up in what’s become an emerging trend in the sector. The latest rapprochement ...

Bloomberg Parts of the US government began shutting down on Saturday for the third time this year after a bipartisan spending deal collapsed over President Donald Trump’s demands for more money to build a wall along the US-Mexico border. Trump scuttled an agreement that would have kept the government open until February after coming under heavy criticism from conservative talk ...

ABU DHABI / WAM The ministerial meeting of the first UAE-Mali Joint Committee was held at the headquarters of the Ministry of Foreign Affairs and International Cooperation. The meeting was chaired by Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Kamisa Kamara, Minister for Foreign Affairs and International Cooperation of Mali. At the start of the ...

Paris / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Arabic Language Academy in Sharjah, met Dr Audrey Azoulay, Director-General of the United Nations Educational, Scientific and Cultural Organisation, Unesco, at its headquarters. During the meeting, which was held on the sidelines of the honouring ceremony of the ...