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Abu Dhabi / Emirates Business The Small and Medium Enterprises (SME) sector in the GCC region presents a potential of $920 billion with 156% growth in the next five years, employing 22 million people, according to a new study by MENA Research Partners (MRP), a leading research company in the region. The study was released on Wednesday, when Sharjah is ...

Bloomberg One country, two systems has come to the world’s largest steel industry. As China’s great environmental cleanup takes effect during the winter months, the stringent curbs being implemented across the north are hurting mills’ output, while giving free rein to producers in the south. “Southern steel mills unaffected by the output restrictions are generally running at full speed,” brokerage ...

Bloomberg India’s largest transmission utility is shifting its focus to projects within states, where it expects a government plan to provide electricity to all to generate about $25 billion worth of new orders over the next five years. Power Grid Corp. Of India will seek to capture some of the new orders either on its own or through joint ventures, ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond’s measures to help young people into the housing market underwhelmed investors and sent home-builder stocks tumbling. In his budget speech on Wednesday, Hammond abolished stamp duty for first-time buyers of homes worth up to $398,000 as the Conservative government sought to regain support among the younger voters who abandoned them at the ...

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

Bloomberg Pressure is mounting on Germany’s Social Democrats to join Chancellor Angela Merkel in a revived alliance and end the impasse threatening political stability in Europe’s largest economy. While Merkel has publicly stated she’s open to another election, her backers are betting that the SPD will abandon its aversion to a rerun of the “grand coalition,” according to people familiar ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the opening session of the fourth edition of the Knowledge Summit at the Dubai World Trade Centre. The summit which is held under the patronage of His Highness Sheikh Mohammed bin Rashid, and organised by the Mohammed ...

Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, today inaugurated the Aqdar World Summit, at the Abu Dhabi National Exhibition Centre. The inauguration ceremony was attended by Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance; Sheikha Lubna bint Khalid Al Qasimi, President of Zayed University; Hussain ...

DUBAI/ WAM The Dubai Chamber of Commerce and Industry (DCCI) received a high-level delegation from the Riyadh Chamber of Commerce and Industry on its premises as part of efforts to promote and facilitate knowledge sharing and cooperation between the two organisations. During the meeting, Hamad Buamim, President and CEO of Dubai Chamber, said, Saudi Arabia remains the top destination for ...