PARIS: US officials have said any trade deal with China will include a provision to prevent manipulation of the exchange rate to help exporters but Beijing’s currency regime reflects a complex reality. US President Donald Trump, who has accused the Asian giant of artificially undervaluing its currency for competitive purposes, last week said “we have […]
DUBAI: Saudi Arabia has deposited $334 million (Dh1.2 billion) in Jordan’s central bank and is working with Kuwait and the UAE for more financial support, finance minister Mohammed Al Jadaan was quoted by broadcaster Al Arabiya as saying. Saudi Arabia alongside Kuwait and the UAE put together a $2.5 billion package in June to help […]
The Dubai Financial Services Authority (DFSA) could make changes to its oversight procedures following last year’s collapse of private equity group Abraaj, its chief executive said in a report published on Sunday. Dubai-based Abraaj was the largest buyout fund in the Middle East and North Africa until it collapsed last year in the aftermath of […]
Kuwait is planning to create a $10 billion (Dh36.7 billion) fund with China to invest in the two countries, according to people with knowledge of the matter. The Gulf state is discussing the creation of a Kuwait-China Silk Road Fund that would invest in Kuwaiti projects related to the Silk City and islands development, according […]
A big night for Roggie.
“Jobs, positions and responsibilities are temporary. Real value lies in the work you have done,” the Dubai Ruler writes.
Volkswagen AG’s delicate balancing act between the old and new automotive eras will be on full display this week at the Geneva car show, where a fun-loving electric beach buggy will share the limelight with the trusty Passat sedan. VW’s ID Buggy concept combines battery power with styling reminiscent of carefree days tearing around California […]
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has said that shaping the future and making it is no longer a theoretical concept but a key factor for countries to achieve competitiveness in the global arena. What in your opinion needs to be […]
An Abu Dhabi start-up has won the opportunity to take its business to the next level by securing flights worth Dh100,000 on Emirates Airline. EZ Shade is an innovative SME that creates low-cost ceiling light covers. The company’s product offers a simple solution to the common problem expats face of decorating their rental homes without […]
His decision was aimed at saving money for the newly-wed and help them avoid unnecessary expenditures.