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DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, and University of Dubai (UD), have signed a memorandum of understanding (MoU) to jointly support innovation and entrepreneurship. A key element of the MoU is a joint programme called ‘Witness Innovation,’ sponsored by Citigroup ...

Beijing / AP Vietnam risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund chief Christine Lagarde. The Southeast Asian nation isn’t in a position to withstand economic blows from tightening of monetary policies elsewhere, a deep and prolonged drop in commodity prices and ...

Bloomberg Leaving the European Union might cost the UK £100 billion ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a so-called Brexit. An exit could, according to the study, meaning unemployment would be 2-3 percent higher by 2020 than if Britain remained in the ...

Bloomberg Fidelity Capital Markets said the difference between yields on Treasuries and other bonds makes investing in the U.S. attractive, as America’s premium approached the most in a decade. Treasuries due in 10 years or longer yielded more than 1.5 percentage points more than their counterparts around the world, based on Bank of America Merrill Lynch indexes. The premium was ...

BAGHDAD / AP It was a tense confrontation between two forces supposed to be on the same side in Iraq. First, heavily armed police, led by the interior minister, waded into a Shiite militia base south of Baghdad and arrested its deputy commander, accused of organizing attacks on Sunni mosques. They loaded the man, Ali Reda, into an armored SUV. ...

Geneva / AFP The UN expert on human rights in the occupied Palestinian territories voiced scathing criticism of Israel on Monday, as he stepped down over what he said was a lack of access to areas he was meant to monitor. Makarim Wibisono, who took on the role of Special Rapporteur on the rights situation in the Palestinian territories in ...

The cabinet also approved a range of initiatives and projects, submitted by Ohoud Khalfan Al Roumi, Minister of State for Happiness, as part of the national happiness programme. The programme includes appointment of a CEO for happiness and positivity at all government bodies, and the establishment of councils for happiness and positivity at federal entities. Certain hours will be allocated ...

DUBAI / Emirates Business The Dubai Health Authority (DHA) marked International Happiness Day on Sunday by organising a series of activities and programmes at the Authority’s Family Gathering Centre. The centre is the only dedicated centre in the emirate that provides both in-patient as well as outpatient services for the elderly. His Excellency Humaid Al Qatami, Chairman of the Board ...

Emirates Business In efforts to combat climate change, save the planet for future generations, and improve on energy savings, Zayed University celebrated the Earth Hour by turning off the lights in both Abu Dhabi and Dubai campuses for one hour between 8:30 pm until 9:30 pm on Saturday. The one-hour event recorded impressive savings of around 1.101 ton of carbon ...

Emirates Business HE Dr. Mohammad Salim Al Olama, the Undersecretary of the UAE Ministry of Health & Prevention along with Dr. Easa Al Mansoori, the Director of the Undersecretary Office, recently visited the Al Dhaid Medical Center in Sharjah and the Wadi Al Seder Health Center and Al Hala Medical Center in Fujairah to evaluate the quality of health services ...