The region is well poised to weather the worst of the financial crisis, said Dr Bassem Awadallah, Vice-Chairman of Jordan’s King Abdullah II Fund for Development. However the impact of the economic downturn on commodity prices will have a long-term effect and these adverse impacts should be
The UAE and the Arab World should lead in exploring business opportunities on the burgeoning ageing population, industry experts told Emirates Business . The ageing issue is a very serious and critical problem that needs to be addressed and the Gulf is well placed to take advantage of this
Bangladesh officials warned Thursday of possible violence after election results were rejected by one of the main candidates whose defeated party has accused authorities of manipulating the vote. Monday’s poll saw Sheikh Hasina Wajed’s Awami League party secure a landslide victory in an
A fire swept through a high-class nightclub jammed with several hundred New Year’s revelers early Thursday, killing at least 59 people and injuring more than 200, officials said. A number of foreigners were among the casualties from the blaze that erupted shortly after midnight at the
The President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi, has ordered to exempt carriers of Palestinian passports and documents from charges imposed under the Law of Foreigners Entry and Residence on applications submitted to the nationalisation and residency departments
The Federal National Council (FNC) has recommended country-wise quota for non-Arab Labour, with proportional regional allocations so as to ensure cultural diversity on the national level instead of attaining it on corporate level. The FNC also approved other recommendations pertaining to the
Masafi has not been affected by the international economic meltdown because the mineral water and beverages it supplies are indispensable, says CEO Ashraf Abushady. He told Emirates Business that the company’s rate of sales growth was steady, especially in the mineral water market. He added:
The former chairwoman of the dairy company at the heart of China’s tainted milk scandal went on trial on Wednesday and could face the death penalty if convicted on charges of selling fake or substandard products. Tian Wenhua, former board chairwoman and general manager of Sanlu Group Co.,
The six leaders of the Gulf Co-operation Council concluded their 29th annual summit of the Gulf Co-operation Council (GCC) chaired by Sultan Qaboos of Oman at the Bustan Palace in Muscat yesterday. President His Highness Sheikh Khalifa bin Zayed Al Nahyan led the UAE delegation to the summit.
A total of 154 projects worth Dh246 million have been financed this year by the Khalifa Fund to support and develop small and medium enterprises. The scheme, which was launched in June 2007, achieved a number of important goals in 2008 and exceeded some targets, according to a report by the