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  Dubai /Emirates Business Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress. The three-day Congress in Dubai in partnership with the Chamber, brought together 1,500 attendees, including 150 ...

  Dubai /Emirates Business The Dubai Financial Services Authority (DFSA) on Wednesday joined 21 of the world’s leading regulators of auditors in an agreement to increase co-operation with the oversight of audit professionals. DFSA Chief Executive, Ian Johnston, signed the International Forum of Independent Audit Regulators’ (IFIAR) Multilateral Memorandum of Understanding (MMoU), during the IFIAR Plenary Meeting in Tokyo. The ...

  Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), welcomed a United Kingdom parliamentary delegation and His Excellency Sulaiman Al Mazroui, the UAE Ambassador to the UK, on a special visit to DIFC, the leading international financial hub in the Middle East, Africa and South Asian region. The UK is very important for ...

  Dubai / Emirates Business The Sustainable Energy Program Section team at Mohammed bin Rashid Space Centre (MBRSC) held a workshop entitled “New Engineering and Smart Technologies Shaping Future Cities” at the first edition of The Future Cities Show 2017, held from April, 2-4. During the workshop, the team briefed participants on the engineering practices and technologies deployed in the ...

  SEOSAN / AP Chung Young-chul takes a drag on his cigarette and watches as wild ducks fly across rice fields and land on a reservoir in this remote farming village. He’s among nearly 2,000 people — ex-gangsters, ex-convicts, orphans — who were once held here, forced to work without pay for years and are now largely forgotten. “Some died after ...

  Bloomberg China National Chemical Corp. won European Union antitrust approval for its $43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line. ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps” and allow EU regulators to clear ...

  Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response” to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne Byres said in a speech in Sydney on Wednesday. The ...

  Bloomberg Britain is looking for ways to scrap its 2020 clean energy targets while maintaining everyday trade in Europe’s energy market, an early sign of the kind of cherry-picking that threatens to sour Brexit negotiations. Officials in the Treasury and the business department are looking for a way to abandon the national goal of getting 15 percent renewable energy ...

  Bloomberg The UK’s services sector grew faster than expected in March and surging costs prompted companies to raise their prices at the quickest pace in 8 1/2 years. The momentum in IHS Markit’s monthly Purchasing Managers’ Index was accompanied by stronger growth in new business. Even so, the survey reflected gathering storm clouds for the UK economy as hiring ...

  Bloomberg Dan Ivascyn’s Pimco Income Fund keeps raking in money. The fund, co-managed by Ivascyn and Alfred Murata, celebrates its 10th anniversary this week by becoming the largest actively managed fixed-income mutual fund with $79.1 billion, according to Pimco’s website. Pimco Income passed Metropolitan West Total Return Bond Fund as investors added approximately $3 billion in March, a monthly ...