China pushes against US trade demands on enforcement, yuan

Beijing China’s top trade and monetary policy officials this weekend delivered a subtle pushback against trade demands made by Washington, delivering Beijing’s own interpretation of progress made in talks over the enforcement of any deal and the role of currencies. People’s Bank of China Governor Yi Gang said the two sides have reached consensus on […]

Women’s Economic Empowerment Global Summit to take place in December

SHARJAH Shaikha Jawaher Bint Mohammad Al Qasimi, wife of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah and Chairperson of NAMA Women Advancement Establishment, has approved the dates of the second edition of the Women’s Economic Empowerment Global Summit, WEEGS, as 10th-11th December, 2019. The […]

Inflation edges higher to ‘put the brakes’ on Egypt’s rate cuts

Egypt’s annual urban inflation accelerated for a second month, complicating the central bank’s path forward after its first interest-rate cut in almost a year. Paced by food costs, consumer prices in February rose 14.4 per cent from a year earlier after a gain of 12.7 per cent in January, the state statistics agency, CAPMAS, said […]

Gender equality can lift global GDP by $8tr: Accenture

Dubai Gender equality in the workplace could increase global gross domestic product (GDP) by up to $8 trillion over 10 years, according to a new report from Accenture. According to the report, employees’ innovation mindset — described by Accenture as their willingness and ability to innovate — is nearly four times higher in companies with […]

Dubai’s non-oil foreign trade hits Dh1.3 trillion

Dubai’s external non-oil trade in 2018 reached Dh1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries. The latest trade figures show that Dubai is moving forward steadily as a leading international and regional […]

Brexit draft deal explained: Key points

British MPs will vote on a draft Brexit deal on Tuesday aimed at ensuring a smooth exit from the European Union to be followed by a transition period that could last until 2022. The agreement was voted down overwhelmingly by parliament in January but the government is hoping that the looming March 29 Brexit deadline […]

RFR Holding is a serious bidder for New York’s Chrysler Building

New York. Aby Rosen’s RFR Holding LLC is in serious talks to buy Manhattan’s landmark Chrysler Building, according to people familiar with the matter. A deal hasn’t yet been signed, said the people, who weren’t authorised to speak because the matter is private. The bidding process is ongoing and RFR isn’t the only serious bidder, […]