Trump says China wants a deal with US ‘much more than I do’

New York: President Donald Trump said trade talks with China are moving along “very nicely,” and said the leaders in Beijing wanted a deal “much more than I do.” Trump also described as “incorrect” reports about how much the US was ready to roll back tariffs on China. “If we don’t make that right deal, […]

Sharjah FDI Forum opens with call for innovation and tech adoption

Sharjah: The 5th edition of Sharjah FDI Forum was officially opened in Sharjah by His Highness Shaikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, with 1,500 participants and 54 speakers including senior government officials, top economists, finance and business leaders. The Forum held under the theme ‘Future Trends in […]

Transportation for the now and future at Dubai Motor Show

Dubai: Forget the sales charts showing all those month-on-month car sales declines. Instead, for the next five days, just thrill in the distinctive rumble of a Bugatti engine. Or close your eyes and imagine a future where you can be transported via a “passenger pod” at speeds of up to 1,000 kilometres a minute. The […]

Obaid Humaid Al Tayer appointed chairman of Etisalat

Dubai: Emirates Investment Authority appointed Obaid Humaid Al Tayer as Chairman of Etisalat on Tuesday. He will replace Essa Al Suwaidi, who resigned as Chairman of the Board for Directors of Emirates Telecommunications Group Company PJSC (Etisalat Group), for personal reasons. Emirates Investment Authority, being the goverment shareholer appointed Obaid Humaid Al Tayer as chairman of the board of […]

New business growth in Dubai rose in October, data shows

Dubai: The Purchasing Managers’ Index (PMI) data for October showed business growth in Dubai’s non-oil private sector strengthened in October, compared to the previous month. The data, compiled by IHS Markit, showed the overall PMI rose from 52.6 in September to 54.6 in October, signalling a sharp improvement in operating conditions at non-oil private sector […]

Philippine billionaire Gokongwei dies at 93, Inquirer says

Manila: John Gokongwei Jr., a Philippine billionaire whose business empire spanned banking, retail and aviation, has died, the Philippine Daily Inquirer reported, citing his son Lance. He was 93. He died on Saturday evening “surrounded by his loved ones” at the Manila Doctor’s Hospital, the newspaper said. He’s survived by his wife, six children and […]