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Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday attended the launch of seven national strategies that promote the development model ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has been named ‘Financial Centre of the Year – Mena’ for a third year in a row by Global Investor magazine. The accolade, presented at the annual Mena Capital Markets Summit Awards in Dubai, is a testament to ADGM’s achievements and innovations across all three of its authorities – the Financial ...

Dubai / WAM Dubai World Trade Centre (DWTC), continues its commitment to support Dubai’s vision for leadership in energy security and efficiency through its energy diversification initiatives. In line with the Dubai Clean Energy Strategy’s aim of generating 75 percent of its energy consumption from clean sources by 2050, the DWTC is championing a range of resource and energy optimisation ...

Bloomberg As South Africa’s ruling party battles to bounce back from a succession of scandals and extend its quarter-century monopoly on power in next year’s elections, it has a key advantage: a wounded opposition. By forcing the unpopular Jacob Zuma to stand down as president in February, the African National Congress deprived the Democratic Alliance (DA) and Economic Freedom Fighters ...

Bloomberg President Donald Trump said he’ll likely push forward with plans to increase tariffs on $200 billion of Chinese goods, indicating he would also slap duties on all remaining imports from the Asian nation if negotiations with China’s leader Xi Jinping fail to produce a trade deal. Trump, in an interview with the Wall Street Journal published on Monday, said ...

Bloomberg Wu Yajun’s transfer of a $7 billion stake to her daughter caps the property developer’s comeback after a 2012 divorce robbed her of the title of China’s richest woman. It also marks the distance that billionaire Wu has come since quitting an “iron rice bowl” job in 1988. Her property empire Longfor Group Holding Ltd. has almost doubled in ...

Bloomberg US President Donald Trump dropped a rhetorical bomb on UK Prime Minister Theresa May’s efforts to get a Brexit agreement through parliament, warning the deal she reached with the EU could jeopardise Britain’s ability to strike a trade pact with the US. “Right now as the deal stands she may not — they may not — be able to ...

Bloomberg Google runs the risk of hefty fines from the European Union’s (EU) beefed-up data-protection watchdogs after consumer groups accused the search-engine giant of abusing tools that track users’ location. Seven European consumer organisations on Tuesday said they would file complaints with their national regulators, who now have powers to levy penalties of as much as 4 percent of a ...

Bloomberg General Motors Co will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles. Four factories in the US and one in Canada could be shuttered by the end of 2019 if the automaker ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, officially inaugurated the 39th edition of The Big 5 International Building and Construction Show on Monday, which will run until November 29 at the Dubai World Trade Centre. This year, five exhibitions run as part of The Big 5, creating one mega ...