Global Islamic Economy Summit to be held under EXPO 2020 DUBAI

Dubai: The fifth edition of the Global Islamic Economy Summit (GIES 2020) will run from 9 to 10 November 2020 and will take place on the sidelines of EXPO 2020 DUBAI, Dubai Islamic Economy Development Centre (DIEDC) announced on Tuesday. “Including the fifth edition of GIES alongside Expo 2020 Dubai supports the vision of His […]

India exits China-backed trade deal as 15 nations ready to sign

Bangkok: India pulled out of a trade pact covering much of Asia, paving the way for 15 other countries to sign the China-backed regional trade deal next year. India conveyed its decision to exit the Regional Comprehensive Economic Partnership, or RCEP, foreign ministry official Vijay Thakur Singh told reporters in Bangkok on Monday. Prime Minister Narendra […]

World’s biggest trade pact shapes up without India

BANGKOK: Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world’s biggest trade agreement — the Regional Comprehensive Economic Partnership (RCEP). They aim to sign it next year to start freeing up trade between members that include the 10-member […]

Pandora slumps as latest profit warning unnerves investors

Copenhagen: Shares in Pandora A/S sank in Copenhagen after the jewellery maker cut its forecast for organic growth and warned investors it will only reach the lower end of its target for operating profit this year. The announcement, which marks Chief Executive Officer Alexander Lacik’s first profit warning since he took on the job in […]

India rejects China-backed Asian trade deal, as others move ahead

BANGKOK: China joined 14 countries on Monday in agreeing terms for what could be the world’s biggest trade pact, but India pulled out at the last minute on the grounds that the deal would hurt its farmers, businesses, workers and consumers. The Sino-US trade war and rising protectionism have given new impetus to years of […]

Gitex generates Dh1.6b in economic value for Dubai

Dubai: The week of Gitex generated Dh1.6 billion in revenues – through direct, indirect and induced ways – for Dubai, while the retained value for the emirate’s GDP is Dh919 million for this year. Of the Dh1.6 billion, Dh354 million came through direct spend at Gitex, which means for each Dh1 spent during the week, […]

India sugar output may slide to three-year low after flooding

New Delhi: Sugar output in India, one of the world’s biggest producers, may hit a three-year low this season after flooding damaged crops in areas that had earlier escaped droughts. Production in the country, which vies with Brazil as the No. 1 grower, may slide to 26.85 million metric tonnes in the year that began […]

Alfa Laval: Setting benchmarks in environmentally responsible products

Please share an overview on Alfa Laval. Alfa Laval has the vision of creating better everyday conditions for people — everywhere. Developing products from 1883, our company was founded on a single brilliant invention — the centrifugal separator — and innovation remains at the heart of everything we do. Today, we are recognised as one […]