’Absurd’ to say Trump unreliable trade negotiator with China: White House

WASHINGTON: The White House said on Monday it was “absurd” to suggest that President Donald Trump was an unreliable negotiator as China reportedly balks at a summit with President Xi Jinping over concerns Trump would walk away from a trade deal. Washington and Beijing are still in negotiations and no date has been set for […]

India February inflation picks up slightly, but April rate cut still seen

NEW DELHI: India’s consumer prices rose at a faster pace than anticipated in February, and remained below the central bank’s target for a seventh straight month, lending weight to expectations that the bank could again cut the key interest rate in April. India’s annual retail inflation picked up in February to 2.57 per cent, after […]

Dubai’s DED issued 2,204 new licences in February 2019

Dubai: The Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED) in Dubai, issued 2,204 new licences in February 2019, a growth of 37 per cent compared to February 2018 (1,606). The new licences created 8,515 jobs in the labour market. Of the new licenses issued, 61.1 per cent were commercial, […]

Pursuing both government and commercial contracts, Yahsat maintains diverse strategy

Dubai: Yahsat, the Abu Dhabi-based satellite operator, said on Tuesday it was working with a number of international manufacturers to develop new technologies for its government clients. The company, which is owned by Abu Dhabi sovereign investment fund Mubadala, says it exhibited prototype technologies to military customers at the International Defence Exhibition (Idex) last month. […]