Sheikh Mohammed launches Dubai Future District: Dubai aims to be new global economic capital

Dubai: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai announced Duabi’s economic aims after the second Dubai Council session held on Tuesday. In a series of tweets, Sheikh Mohammed said: “Today, at the second Dubai Council session, we launched the Dubai Future District, a […]

United Kingdom bans using credit cards for gambling

The UK will ban gambling companies from accepting credit cards for bets from April 14, as the government continues to tighten regulation of the industry. About 800,000 consumers use credit cards to gamble, according to banking trade association U.K. Finance, and about 22 per cent of these are estimated to be problem gamblers, said the […]

China’s December new bank loans miss forecast, but hits record in 2019

BEIJING: New bank lending in China fell more than expected in December, but lending for all of 2019 still hit a record, as the central bank eased policy to support the slowing economy. The central bank has cut borrowing costs to shore up business activity and more monetary easing is expected this year to cushion […]

US-China sign off on first part of trade deal

(Bloomberg): The US and China signed what they billed as the first phase of a broader trade pact amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go any further. The deal commits China to do more to crack down on the theft of American technology […]

UAE among top ten economies showing most progress toward gender equality

WASHINGTON DC: The United Arab Emirates is among the top ten economies exhibiting the most progress toward gender equality since 2017, a World Bank report has revealed. According to report ‘Women, Business and the Law 2020’, the UAE improved its score by 29.4 points, attaining an overall score of 56.3 across multiple indicators. The study […]

Nissan punishes more managers after 10,000-hour Ghosn probe

Nissan Motor Co. has revealed more details of an exhaustive probe into Carlos Ghosn, a week after its fugitive former leader accused the Japanese carmaker of being behind the plot to have him arrested. The report on the investigation, submitted to the Tokyo Stock Exchange on Thursday, found that many others were involved in improprieties […]