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SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), is organising a trade mission to Lisbon in Portugal from October 8-10, with the aim of enhancing economic cooperation and mutual investment between Sharjah and Portugal, under the framework of the growing bilateral relations between the UAE and Portugal in various fields. The mission comes at a time when ...

ADEN / WAM­­­­­ The Emirates Red Crescent (ERC), has distributed 33,000 food baskets to people in liberated Yemeni districts over the past ten days, reaching 231,000 Yemeni citizens, including 165,000 children and 34,000 women. The distribution covered 21 districts in nine Yemeni governorates: Aden, Dhale, Abyan, Lahij, Hodeidah, Hadramaut, Shabwa, Taiz and Al Mahra. The efforts are part of an ...

Dubai / Emirates Business The Dubai-based Zaitoun Green Shipping LLC participated at the second edition of “Malta Maritime Summit”. The event carries the theme of ‘The Voice of the Industry’, and several important themes, such as logistics, security, finance, digitalisation, sustainability and Brexit, will be addressed. Commenting on his participation, Eng. Mohammed Zaitoun, President and CEO of Zaitoun Green Shipping ...

DUBAI / WAM The Dubai Electricity and Water Authority, DEWA, has completed its preparations for Gitex Technology Week (Gitex, 2018), between October 14-18, at the Dubai World Trade Centre (DWTC). DEWA’s participation aligns with the government’s directives for digital transformation, shaping of the future, and keeping pace with the Fourth Industrial Revolution. Dewa will showcase its latest solutions, digital technologies, ...

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, has launched a school gardening competition, set to run until end-April 2019, in collaboration with the Knowledge and Human Dev- -elopment Authority (KHDA). Dr. Al-Zeyoudi announced the start of the competition during a visit to Al Sadiq Islamic English School in Dubai, where he toured the ...

ABU DHABI / Emirates Business Abu Dhabi Investment Office (ADIO), the entity mandated to promote Abu Dhabi as an attractive global destination for investments in various strategic sectors, and the International Real Estate and Investment Show (IREIS), signed an agreement to host the inaugural edition of the Abu Dhabi Investment Forum on the sidelines of IREIS 2018. Set to run ...

Bloomberg Downside risks to Japan’s economy have increased in the past year and more work will be needed to sustain the recovery, the International Monetary Fund (IMF) said after its annual consultation with the Japanese government. Near-term risks include weaker global demand from trade or geopolitical tensions, which could undermine growth and trigger a strengthening of the yen, as well ...

Bloomberg The US is losing its edge as the world’s foremost destination for venture capital investment, a new study shows, with US startups capturing a rapidly declining share of global dollars invested, and Chinese companies grabbing more of the total. Because startups play a critical role in economic dynamism, the study bodes well for the global economy as a whole, ...

Bloomberg Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability on the sovereign side,” the ...

Bloomberg Traveloka, Southeast Asia’s largest online travel startup, is in talks to raise about $400 million from new and existing investors to accelerate its expansion, according to people familiar with the matter. The money will be used to push beyond traditional airline tickets and hotel bookings into activities for travelers like concerts or amusement parks, said the people, asking not ...