Mohamed Bin Zayed receives French Minister of Economy

Abu Dhabi: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Bruno Le Maire, French Minister of the Economy and Finance, at Al Shati Palace on Saturday. Le Maire is currently visiting the UAE to participate in the World Government Summit, […]

Saudi allocates $3.1 billion to help companies with 2017-18 expat fee hikes

RIYADH. Saudi Arabia’s King Salman has approved a scheme to reimburse some of the companies who struggled to pay steadily increasing fees for expatriate work permits in 2017 and 2018 and waive the fee hikes for some who weren’t able to pay, the labour minister said. The government is allocating 11.5 billion riyals ($3.1 billion) […]

US-China trade talks resume next week, focus on intellectual property

Washington, D.C.: US negotiators are preparing to press China next week on long-standing demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. A new round of trade talks begins in Beijing on Monday, after the most recent […]

Brexit’s corporate refugee numbers in Netherlands set to swell

Amsterdam: Brexit is driving companies out of the UK, and the Netherlands is raking in the corporate refugees. About 250 companies are in talks with the Netherlands Foreign Investment Agency to potentially relocate activities to the country, according to the organisation’s annual report published on Saturday. The candidates would join 42 companies that made the […]

Humbled Goldman Sachs still faces questions on 1MDB scandal

New York: Goldman Sachs’s decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement at shareholder and public outrage over the debacle. The prestigious investment bank announced last week that it could withhold millions of dollars in bonuses to former chief executive Lloyd Blankfein and two other retired executives depending […]

Arab nations keen to avoid impact of China-US trade row

Dubai: The UAE is keen not on being affected by the trade tensions China faces with the United States, Obaid Al Tayer, the UAE’s Minister of State for Financial Affairs, stressed on Saturday. Al Tayer said that Arab countries have close trade ties with China, especially in the field of energy as Chinese demand for […]