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DUBAI / Emirates Business The United Arab Emirates is most prepared for change among the Middle East and North African (MENA) countries, and the third most prepared in the world, KPMG’s 2017 Change Readiness Index (CRI) showed. The leading global audit, tax and advisory firm, launched the 2017 KPMG International Change Readiness Index, ranking 136 countries for their capacity to ...

TBILISI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with the Foreign Minister of Georgia, Mikheil Janelidze to discuss means of enhancing and developing bilateral relations between the two countries. During the meeting, which was held as part of Sheikh Abdullah’s official visit to Georgia, the two ministers also reviewed the ...

Dubai / Emirates Business Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its first half results for the period ended June 30, 2017. The group net profit increased to AED 2,143 million (AED 2.14bn), up 7% compared with AED 2,004 million for the same ...

Bloomberg The resignation of the head of France’s military has thrown the spotlight on President Emmanuel Macron’s lack of experience and may prove to be the first major test of his governing style. Following a public dispute with Macron over cuts to the defense budget, General Pierre de Villiers, chief of the general staff, said on Wednesday that he “no ...

Bloomberg Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp.’s $600 million issue in November. Green bonds from India ...

Bloomberg A meeting of 16 nations in India on a mega Asia trade pact is happening in the shadow of elevated border tensions between India and China, a wrinkle that could further slow progress on the deal. Trade officials gathered in the southern city of Hyderabad are seeking to hammer out agreement on sticky issues like the free movement of ...

Bloomberg Finance Minister Bill Morneau is proposing tax changes that would close loopholes often used by doctors and lawyers to reduce their tax burden, part of the Canadian government’s pledge to level the playing field for middle-income earners. In an Ottawa press conference, Morneau detailed the proposals reported by Bloomberg that were billed as ensuring “fairness for the middle class.” ...

Bloomberg UK Prime Minister Theresa May will launch a new business advisory group on Thursday, her office said, as her government tries to build bridges with financial and trade bodies during Brexit negotiations. May will chair the first in a regular series of meetings of the business council in her official Downing Street residence, with discussions due to focus on ...

Bloomberg Amid all the noise about the future of its trade relationship with the US, Mexico is quietly creating jobs at a record pace and reducing the informality that for decades has held back its economy. More than 517,000 Mexican workers gained access to social security in the first half of 2017, a 17 percent increase from a year ago ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday received the President of the Republic of Mali, Ibrahim Boubacar Keita, who is currently on a working visit to the UAE. At the beginning of the meeting, His Highness Sheikh Mohamed bin ...