Protectionism slammed as Southeast Asian leaders rally to trade pact

BANGKOK: Thailand’s premier made an impassioned plea against protectionism on Sunday at a meeting of Southeast Asian leaders where the fallout from the US-China tariff war has dominated talks. A controversial repatriation plan for the persecuted Rohingya Muslim minority and ongoing disputes over the South China Sea will also be tackled by leaders at the […]

Abu Dhabi announces new initiatives to boost economy

Abu Dhabi: Abu Dhabi government on Tuesday announced a series of initiatives to boost growth and diversify the economy away from oil. Among the new measures, include funding support for small and medium enterprises, creation of a Dh4billion fund to boost research and development (R&D) and incentives on electricity tariffs for industries. “We in Abu […]

The Islamic economy contributed Dh41b to Dubai’s gross domestic product in 2017

Dubai: The Islamic economy contributed Dh41 billion to Dubai’s gross domestic product by the end of 2017, according to statistics released by Dubai Statistics Centre, the strategic partner of Dubai Islamic Economy Development Centre. The statistics showed that the Islamic economy’s contribution to the GDP of Dubai in targeted sectors, including manufacturing, financial activities, wholesale […]