Kuala Lumpur: Talks for a $20 billion (Dh73.4 billion) Malaysian rail project are still ongoing, with the Southeast Asian nation expecting to make a decision ‘as soon as possible,’ the Star newspaper reported, citing Prime Minister Mahathir Mohammad. Mahathir said the status of the East Coast Railway Link is being negotiated with China, and that […]

Washington, D.C.: The US-China trade talks this week had a “good vibe” with much work remaining, White House economic adviser Larry Kudlow said on Friday as China followed through on a pledge to increase soybean purchases with orders of at least 1 million tonnes. But US President Donald Trump’s optimism about prospects for a deal […]

Washington, D.C.: Investment bank Goldman Sachs said on Friday it could withhold multi-million-dollar bonuses for former CEO Lloyd Blankfein and other executives as a result of the 1MDB corruption scandal. In a statement filed on Friday with securities regulators, the company said stock awards for senior executives could be cut depending on how pending investigations […]

Dubai: YouTube has removed a number of adverts from its platform in the Middle East, including one that showed a young woman dancing on camera in a provocative manner. The advert, which promoted LiveMe, a Hong Kong-based social network app, that encouraged users to sign up to the platform, was running before popular content in […]

Washington, D.C.: Softening but still solid US demand as well as encroaching signs of global weakness are giving some corporate executives a more cautious view of their companies’ outlook. While business leaders don’t forecast a downturn, several saw the potential for recession and slowing growth on conference calls during the past week, from automakers to […]

Dar es Salaam: East African countries can individually sign separate trade agreements with the European Union (EU) if a joint deal is not reached within the next four months, according to a statement from a meeting of regional leaders. The East African Community (EAC) and the EU have been at loggerheads for years over signing […]

Riyadh: The UAE and Saudi Arabia have discussed economic relations and ways to boost trade, business and investment cooperation, according to a statement from WAM released on Saturday. During a bilateral meeting held on the sidelines of the second Saudi-UAE Business Forum, between Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, and Dr Majid […]

TOKYO. Nintendo is reportedly developing a smaller, cheaper version of its popular Switch games console, as sales of the device slow after initial runaway success. The firm’s share price tanked more than nine per cent on the news, which came a day after the games giant lowered its annual target for sales of the gadget […]

Pope Francis’ visit to the UAE will begin tomorrow.

He was accompanied by Sheikh Hamdan on the trip.