Ships are skipping China causing turmoil for trade

(Bloomberg) – February 2020 will come to be remembered as a period of historic disruption to physical supply chains the world over, as the coronavirus wrecks trade. Dozens of export sailings to ship China-made goods to consumers from the US to Europe – think handbags, flat-screen TVs, and plastic toys – have been canned since […]

How ‘Ghadan 21’ is transforming Abu Dhabi’s economy, community

Abu Dhabi: The Abu Dhabi government accelerator programme, Ghadan 21, has transformed the emirate’s economy, knowledge ecosystem and community, said Sheikh Khalid Bin Mohamed Bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, marking a year since the launch of the Dh50 billion programme. Envisioned […]

Dubai launches initiatives to attract innovators

Dubai: Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman & CEO of Emirates Airline and Group, on Saturday launched the ‘Innovation Attraction Programme (IAP),’ an initiative that will position Dubai as a global hub of disruptive technologies as well as solutions. The initiative was announced at the ‘StartUp Night’ hosted […]

Oil prices gain as new cases of coronavirus drop in China

Abu Dhabi: A drop in new coronavirus cases in China along with potential action from Opec+ in the form of more production cuts is bringing optimism back into oil markets, analysts say. Global oil markets on Friday saw Brent trading at $57.32 and West Texas Intermediate on $52.05, both of which were up on the […]

G-20 ministers ready to count the cost of coronavirus

London: Finance leaders from across the world will gather in Saudi Arabia this week to discuss a global economy coming under increasing strain from the spread of coronavirus. With the virus already shutting down commerce — and prompting the postponement of tech shows and sporting events — the Group-of-20 finance ministers and central bankers will […]