Trade War: Trump lifts tariffs on hundreds of Chinese goods

WASHINGTON: President Donald Trump on Friday temporarily lifted tariffs on hundreds of Chinese goods that he imposed last year, softening his stance in the trade conflict ahead of next month’s negotiations. The decision helped buoy stock markets looking for light at the end of the tunnel as the trade war drags into its second year. […]

Dubai eighth in global financial centre ranking

Dubai: Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to eighth position, representing its highest ever ranking, according to a statement from Government of Dubai’s Media Office. According to the latest ranking, the city is the only financial centre within Middle East Africa and South Asia (MEASA) region to appear […]

Facebook CEO Mark Zuckerberg visits Washington amid scrutiny

Washington: Facebook Inc Chief Executive Officer Mark Zuckerberg is visiting Washington as the company confronts growing scrutiny over its privacy and marketplace practices. Zuckerberg will “meet with policymakers and talk about future internet regulation,” Facebook spokesman Andy Stone said in a statement. Senator Mark Warner, a Virginia Democrat and the ranking member of the Intelligence […]

China’s Huawei woos tech world with $1.5 billion and 5G secrets

(Bloomberg) – Huawei Technologies Co. is offering up its most valuable 5G secrets and $1.5 billion to software developers, courting the global tech community at a time the U.S. is heightening scrutiny of the Chinese giant. China’s largest technology company aims to ramp up investment in its developer program over the next five years, Deputy […]

Mohammed bin Rashid forms the board of Dubai International Arbitration Centre

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, issued a decree forming the board of trustees of the Dubai International Arbitration Centre (DIAC). Under decree No. 31 of 2019, board will be chaired by Ahmad Hassan Mohammad Al Shaikh, […]