Geopolitical situation is affecting global trade, DP world executive says

Panama City: The current geopolitical situation in different countries from Venezuela to Algeria to Sudan is hitting global trade, a top executive of DP world said on Wednesday. “Sudan has a problem, Algeria has a problem and in Latin America, Venezuela has a problem. These things affect trading hubs, supply chains and goods movement,” said […]

FDI inflows into UAE to jump to $15 billion every year by 2021

Panama City: Foreign Direct Investment (FDI) inflows into the UAE are expected to jump to $15 billion per annum by 2021 due to new investment law, a top official from the ministry of economy said. “The investment law has already come in 2018 and a FDI committee has been formed. Very soon within few months, […]

Mining giant vows to scrap $3b plan if opposition soars

Santiago: Anglo American Plc will scrap its next big copper project if studies indicate the plan could harm nearby glaciers or there’s major opposition from local communities in Chile, a top executive says. The London-based company will file for environmental approval of the $3 billion (Dh11 billion) project to increase production at its Los Bronces […]

Kingdom Holding seeks next unicorn, avoiding Aramco bonds

Abu Dhabi: Saudi Arabia’s Kingdom Holding, the conglomerate owned by Prince Al Waleed Bin Talal, is on the hunt for the next Careem as it seeks riskier investments, its boss said. Talal Ebrahim Al Maiman, the company’s chief executive officer, said the company is now mainly looking at investments in Saudi Arabia where it sees […]

Sleep Expo: The $28 billion revolution in rest hits Dubai

Dubai: What kind of value would you put on a third of your life? That’s the question that a number of companies are looking to pose over the next three days, as the first Sleep Expo Middle East gets underway in Dubai on Thursday. “We’re trying to solve the problem of sleeping,” said Taher Patrawala, […]