The UAE Cabinet adopted a decision to amend and waive fees for a number of federal services within the framework of More…
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, unveiled the More…
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May
Dubai: The UAE is ranked first regionally, and entered, for the first time, the top 5 globally in the IMD World Competitiveness Rankings. The UAE has seen robust and continuous progress in its global competitiveness ranking over the past few years from a rank of 15th globally in 2016. The steadily rising global and regional […]
Mahina Ghaniva is one of the 70m people who have been helped by initiatives under the Mohammed bin Rashid Global Initiatives.
Decision contributes to attracting more foreign investments and position the UAE a hub for business.
Hong Kong: Hong Kong’s second-richest man, Lee Shau Kee, is stepping down as chairman of Henderson Land Development Co, joining the ranks of the city’s ageing tycoons handing the reins to the next generation. The 91-year-old billionaire announced his retirement from the top post before the developer’s annual meeting Tuesday. While he remains as an […]
Beirut: The government of heavily indebted Lebanon formally approved a 2019 budget on Monday that includes deep spending cuts to narrow the projected deficit to 7.6 per cent of gross domestic product (GDP) in a bid to stave off financial crisis. The budget reflected “a real government will to take a corrective path” in state […]
Istanbul: Turkey’s economic confidence index tumbled 8.5 per cent in May to 77.5 points, hitting its lowest level since October, official data showed on Tuesday, with consumer and construction sector sentiment in the doldrums. The index points to an optimistic economic outlook when above 100 and a pessimistic one when below 100. In April the […]
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May
May
PARIS: France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan. Separately, Renault Chairman Jean-Dominique Senard arrived in Japan to discuss the proposed tie-up with the French company’s existing partner Nissan […]
Shanghai: China is confident of keeping the yuan basically stable at reasonable and balanced levels, Yi Gang, the governor of the People’s Bank of China (PBOC) told a meeting recently, state media reported on Tuesday. Yi has become the latest senior official to join a verbal campaign reminding markets about China’s exchange rate policy after […]