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  Bloomberg The UK risks facing a deluge of residency applications as European Union citizens dash to formalize their right to stay in the wake of the Brexit vote. The warning comes from the University of Oxford’s Migration Observatory, which said in a report that registering more than 3 million European nationals already living in the U.K. would present a ...

  Washington / AFP Letitia stands on a metro station platform in downtown Washington, waiting for a train that she now realizes is not going to come. “I will be walking home tonight and all the nights to come,” said the 28-year-old woman, who works as a cashier at a 24-hour supermarket. In the US capital city, an urgently needed ...

  Dubai / Emirates Business As many as 2,400 new hotel rooms will open in Abu Dhabi throughout 2016, according to a new report. The Abu Dhabi Hotel Market Summary report by JLL prepared ahead of The Hotel Show Dubai 2016 reveals that 200 rooms opened in Q2 2016 with the soft opening of the Four Seasons on Al Maryah ...

  Ajman / Emirates Business Gulf Craft has signed a partnership agreement with the Abdulaziz Bin Humaid Foundation as part of the shipyard’s ongoing commitment to inspire the next generation of GCC business leaders through exposure to its world-class UAE-based operations. The UAE-based yacht and boat builder will support the Foundation’s coveted Abdulaziz Bin Humaid Leadership Program, which aims to ...

  Bloomberg The long-feared Chinese hard landing has become a reality in rustbelt Liaoning. The northeastern province, ground zero in China’s multi- year slowdown, saw its economy contract 1 percent in the first half of 2016 as factories splutter and the coal industry groans under the weight of overcapacity. But the hardship remains localized, with regional data for the first ...

  Bloomberg China’s futures exchange is planning to relax the restrictions on stock-index contracts that sparked a 99 percent plunge in trading and heightened concern over the government’s intervention in markets, according to people familiar with the matter. The bourse is considering allowing non-hedging accounts to open 100 new positions a day on a single contract, the people said. Currently, ...

  Istanbul / AFP President Recep Tayyip Erdogan on Tuesday launched his most bitter attack yet on Turkey’s Western allies over the July 15 attempted putsch, accusing them of supporting both “terror” and the coup plotters who tried to unseat him. Erdogan, who blames the plot on the US-based preacher Fethullah Gulen, also described the coup as a “scenario written ...

  Dubai / WAM The 18th Water, Energy, Technology, and Environment Exhibition (WETEX 2016), to be held in October 2016, will feature the latest innovative solutions in energy, water and environment. Many of these technologies will be unveiled for the first time regionally to cater to the needs of renewable energy, water and energy conservation sectors. WETEX is being organised by ...

  Washington / AFP Ever since the IMF participated in the first Greek bailout six years ago, the stinging suspicion has been that the Fund is under Europe’s thumb. Now the International Monetary Fund is again under pressure to come to the aid of Athens, providing likely fodder for critics. Europe forged an 86 billion euro ($96 billion) aid package ...

  Bloomberg European stocks fell on weak British and eurozone manufacturing data and worries about the health of Italian banks. Equities elsewhere were mixed, with the Dow in the US retreating slightly as oil prices fell but the tech-rich Nasdaq finishing higher. The Japanese Nikkei pushed higher for a second straight session. London slid 0.5 percent after a survey showed ...