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Dubai / Emirates Business Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai, Annual Investment Meeting (AIM), the premier event in foreign direct investment in the Middle East and North Africa, has launched the preparatory actions for its 9th edition on April 8-10, 2019 in Dubai. In ...

Dubai / WAM The UAE has made a new leap in the Global Competitiveness Index (GCI), according to the recent Global Competitiveness Report issued by the World Economic Forum (Davos) 2018, where the country has advanced 18 places in “ICT Adoption” from 24th to 6th place in the world. This theme measures the efficiency of the telecommunications sector in countries ...

Abu Dhabi / WAM Louvre Abu Dhabi on Saturday announced that it has welcomed more than one million visitors in its first year, establishing itself as one of the leading cultural institutions on the global stage. Commenting on the first anniversary of Louvre Abu Dhabi, Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, ...

Bloomberg French President Emmanuel Macron moved to smooth over ruffled relations with Donald Trump after the US president took offense at his proposal Europe create its own continental military force. Macron received Trump at the Elysee Palace on Saturday in Paris ahead of a weekend of commemorations with world leaders to mark the 100th anniversary of the end of World ...

Bloomberg Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon. This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls. Southeast Asia’ biggest web retailer is becoming a key part of Alibaba’s plan to fuel growth, on top of the company’s efforts ...

Bloomberg Nike Inc. and LVMH, which have long struggled against knockoffs of their famous products, praised China’s efforts to fight intellectual property theft. US President Donald Trump has cited IP violations, including the counterfeiting of major brands, as justification for imposing tariffs on Chinese exports. But executives at the two companies were more charitable at the China International Import Expo ...

Bloomberg DowDuPont Inc. sought to reassure investors that its planned spinoff of one of the world’s biggest plastic makers will be unscathed by a groundswell of global concern about pollution. Jim Fitterling, who will lead the new company as chief executive officer, waved away worries that protests against plastic trash will weigh on the new stand-alone operation’s growth plans. He ...

Bloomberg Global trade tensions, Italy’s fiscal battles and US overheating pose risks to the euro-area economy, the European Commission warned as it lowered its forecast for the coming year. While the list of threats in the commission’s report aren’t a surprise, they come amid mounting signs of a persistent slowdown in the euro area. The European Central Bank has said ...

Bloomberg ASML Holding, Europe’s largest semiconductor equipment ma-ker, expects net sales to grow to 13 billion euros ($14.9 billion) by 2020, up from a previous forecast of 11 billion euros. The company already expected sales to reach the 11-billion euro mark for 2018. In a statement kicking off its investor day, ASML’s management said it expects to continue to return ...

SINGAPORE / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has visited Dubai Electricity and Water Authority’s Data Hub Integrated Solutions (MORO), a data hub that provides state-of-the-art data centre solutions and innovative business services. During the visit, Sheikh Hamdan was accompanied by Abdulla Al Basti, Secretary-General of ...