Friday 24 May 2019

Modi vows inclusive India after massive win

Indian Prime Minister Narendra Modi promised to build a strong and inclusive country following a massive election win.   Mod's Bharatiya Janata Party (BJP) is on course to increase its majority on a mandate of business-friendly policies and a tough stand on


UN chief condemns attacks on Saudi airport

United Nations Secretary-General Antonio Guterres has expressed concern over reports of a second Houthi drone targeted an airport in Najran, Saudi Arabia, a UN spokesperson said.   "The Secretary-General is alarmed by reports of a second consecutive drone a


UAE launches permanent residency system for expats

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the 'Golden Card' scheme to grant permanent residency benefits to investors, entrepreneurs, specialised talents, researchers, and outstanding students. The


4 killed as small plane crashes in Dubai

A UK-registered small DA42 plane crashed three miles to the south of Dubai International Airport, killing four people on board, the General Civil Aviation Authority (GCAA) has announced.   The four-seat plane crashed while on a mission to calibrate terrestrial n


UAE business licence numbers grow 3.7pc

The number of business licences issued in the UAE amounted to 560,158 since the start of 2019, an increase of 3.7 percent, or 19,800 licences, compared to the end of 2018, said a report.   The growth in the number of new licences reflects the improvement of vari


Saudi, UAE, Norway notify tanker attacks to UN council

Saudi Arabia, UAE and Norway have sent a joint letter to the United Nations Security Council, drawing attention to an incident in the UAE territorial waters which caused damages to four oil tankers.   This came in a joint statement issued yesterday by the Perman


New residency permits 'will draw innovators to Saudi Arabia'

The creation of a new residency permit scheme for qualified international expatriates in Saudi Arabia is expected to attract leading global entrepreneurs, innovators and investors to the kingdom, a senior official has said.   Engineer Ibrahim Al Omar, Governor o


UAE, Saudi Arabia sign deal to ease trade

The UAE and Saudi Arabia have signed an authorised economic operator (AEO) agreement aiming to improve the customs cooperation between the two countries and facilitate trade. The move comes in implementation of the outcomes of the Al Azm Retreat, approved by the Saudi-Emirati Coo


DLA Piper names corporate head for Mideast

DLA Piper, a global law firm, has appointed Will Seivewright as a partner and head of Corporate for the Middle East. Seivewright joins the firm's Dubai office from Baker McKenzie. His practice focuses on M&A (both public and private), joint ventures, corporate restructuri


China hikes tariffs on $60bn of US goods

China has hit back in its trade war with the US, announcing plans to impose tariffs on $60 billion of American imports, a media report said. Tariffs will be imposed on 5,140 US products with an annual value of about $60 billion from 1 June, reported Wam, citing the Chinese financ

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