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ABU DHABI / WAM Dr Lee Yang, member of the Chinese Academy of Social Sciences (CASS) and Vice-President of the China Society for Finance and Banking (CSFB), has said that his country seeks to strengthen its relations with the UAE in all fields as it holds a strategic position in the region and is a central player in the implementation ...

London / Bloomberg Fancy another recession? Economists say voting to leave the European Union would dramatically increase the UK’s chances of heading down that road. As Britons contemplate their place in the 28-nation bloc before June’s referendum, respondents to a Bloomberg survey said the probability of a slump spikes to 40 percent in the event of an “out” vote. That ...

ABU DHABI / WAM Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has commended the UAE authorities for having built large fiscal and external buffers, advancing economic diversification and taking steps to address the consequences of the sharp drop of oil prices, notably the reform of fuel subsidies. She added that the IMF enjoys a strong relationship with ...

ADDIS ABABA / WAM Ghazi Abdullah Salem Al Mehri, UAE Ambassador to the Republic of Ethiopia, participated at the first Ministerial Conference on Immunisation in Africa, which kicked off at the African Union’s conference centre in the Ethiopian capital, Addis Ababa. The inauguration of the conference was attended by a group of dignitaries, led by Ethiopian Prime Minister, Hailemariam Desalegn, ...

DUBAI / WAM Emirates will launch a daily service from Dubai to Yangon in Myanmar and Hanoi in Vietnam, starting August 3. Utilising a Boeing 777-300ER aircraft in a three-class configuration, this new route will strengthen Emirates’ network of destinations in Southeast Asia, offer a new flight option to passengers travelling between Hanoi and Yangon, and open up new connections ...

RITIKA SHARMA Emirates Business The Sharjah Free Zone-based LGO International LLC has confirmed that the all-women airline is now ready to fly. “It has been around eight months of hard work at our end and now we can proudly say that we will soon be flying,” Emmanuel Dubuisson, CEO and founder of the company, told Emirates Business in an exclusive ...

ALKESH SHARMA Emirates Business Beware! Locky is on the prowl. So, keep your networks safe. Alarm has been sounded as the new malware is posing a serious threat to corporates in the UAE and in the Middle East region. The virus can malign the entire network of the company while stealing confidential information from the cloud storages. The hackers will ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA), has concluded its participation as the main partner in the Global Woman’s Forum Dubai, organised by Dubai Women Establishment (DWE), and the Women’s Forum for the Economy and Society. The forum was held for the first time in the region, under the patronage of Vice President and Prime Minister and Ruler ...

DUBAI / EMIRATES BUSINESS Malabar Group, which developed a strong reputation as a gold and diamond jewellery trade, is set to launch Malabar Integrated Township – a mixed-use master-planned community that will be built in Trissur, central Kerala with a development cost of Rs20 billion (Dh1.07 billion; US$293 million). This landmark project is being developed by its property division – ...

Hence, we have to accelerate and adopt economic and unitary policies streamline the GCC system.” He pointed out that despite the remarkable development of the UAE-Qatar economic relations, the trade exchange between the two countries stood at over AED26.1 billion. He added that the numbers are still below the level of ambitions and aspirations of the wise leadership of the ...