Get your business licence in one day at Jebel Ali Free Zone (Jafza), say investors

Dubai: One day. Yes! All it takes is one day to get your license and get all other formalities over with at Jebel Ali Free Zone (Jafza), according to Rizwan Sajan, founder and chairman of Danube Group. He’s talking about the ease with which one can establish themselves in Jafza and one of the reasons […]

BNP, Citigroup among most exposed in Mideast’s biggest default

BNP Paribas SA and Citigroup Inc are among global banks with the most exposure to about $14 billion (Dh51.4 billion) of accepted claims related to the collapse of two Saudi business empires more than a decade ago. The French bank is owed about $750 million by Maan Al Sanea’s Saad Group and Ahmad Hamad Algosaibi […]

U.S., China sign Phase One of trade deal

The U.S. and China signed what they’re billing as the first phase of a broader trade pact on Wednesday 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 […]

Trump poised to sign ‘beautiful monster’ of a deal with China

New York: President US Donald Trump is poised to sign a deal with China on Wednesday that for the first time would punish Beijing if it fails to deliver on pledges related to its currency, intellectual property and the trade balance. But the question set to dog Trump the moment the ink dries is whether […]