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Did the Great Recession inflict permanent damage on the US economy? Or was it just a deep hole that took a long time to climb out of? Evidence now says that it was mostly the latter. Based on how fast the US recovered from the 2008 financial crisis and the recession that followed, the speed hasn’t been too different from ...

Indonesia’s move to open the doors wider to foreign investment could help spark growth in Southeast Asia’s largest economy. But with significant restrictions remaining in place for a range of sectors, the effect may be more of a pop rather than a “big bang,” analysts say. Announcing the changes on Thursday as part of the Jokowi administration’s 10th economic stimulus ...

The financial crisis of 2008 was the worst in three-quarters of a century, but thanks to timely interventions from Washington, the US avoided an economic crisis on the scale of the Great Depression. That’s the standard line, and I think it’s mostly right (although the story’s different in Europe). But what about the Panic of 1893? How has the US ...

There were two Republican debates on Saturday night, just as there are two Republican nomination battles right now. One of them is the reality TV show, starring Donald Trump. That one is amazingly entertaining, although it has less to do with how to govern the nation than “The Bachelor” has to do with real love and romance. Trump lies: No ...

DUBAI / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday attended the inaugural session of the 7th International Conference on Drug Discovery and Therapy (ICDDT) and 4th Biotechnology World Congress, BWC, at the College of Medicine and Health Sciences, University of Sharjah. Held under the patronage of H.H. the Ruler ...

DUBAI / Emirates Business His Excellency Humaid Al Qatami, Chairman of the Board and Director-General of the Dubai Health Authority (DHA) highlighted that the private sector is a key partner in the development of the health sector. Al Qatami said that DHA is keen to provide further investment opportunities in the medical sector with an aim to further strengthen and ...

ADEN / WAM Yemen’s Armed Forces General Staff mourned the martyrdom of Emirati martyr, Juma Abdullah Hassan Al Shamsi, who fell on Sunday morning while on the national duty, participating in the Arab coalition forces’ Restoring Hope Operation in Yemen. In a statement, the Yemen’s Armed Forces General Staff said that the people of Yemen would never forget the UAE ...

ABU DHABI/ WAM Saqr bin Ghobash Saeed Ghobash, Minister of Human Resources and Emiratisation, has met with Dr. Ruba Jaradat, Assistant Director-General and Regional Director for Arab States of the International Labour Organisation, ILO, to promote co-operation between the UAE and the organisation. During the meeting, which was held at the Ministry in Abu Dhabi, the two sides discussed their ...

Abu Dhabi / EMIRATES BUSINESS The inaugural Middle East Aviation Careers Conference and Exhibition (MEAC), will be held on the March 8-10 March, in parallel with Abu Dhabi Air Expo 2016. Anyone interested in a career in the aviation or aerospace sectors will be able to get an overview of the exciting opportunities to look out for in these industries over ...

Dubai / EMIRATES BUSINESS Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to AED7.609 billion comprising an Operational Budget in the order of AED3.913 billion, and an Infrastructure Projects Budget estimated at AED3.696 billion. “The aggregate anticipated revenues for ...