China is expected to lay off 1.8 million workers as part of its efforts to reduce overcapacity in its industrial sectors. Officials from human resources and social security say the job losses will come from the coal and steel industries. China is aiming to remove 500 million tonnes of coal production in the next three to five years. Authorities haven’t yet given a time frame for the work losses to be implemented.
UAE highlights energy, food and digital priorities at EBRD annual meeting
The UAE has used a major international development forum in Latvia to call for stronger global cooperation on energy security, food resilience and digital infrastructure.
UAE ranked world's most sought-after for real estate investment
The UAE has been ranked as the top property investment destination amidst regional tensions, according to a new global survey commissioned by Arada.
H.H. Sheikh Hamdan reaffirms Dubai’s focus on enhancing economic resilience
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has reaffirmed that strengthening the resilience of Dubai’s economy remains a key priority to keep pace with global economic trends.
UAE's AD Ports acquires Brazilian bulk port operator for over AED 3 billion
AD Ports Group has acquired Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator, entering the South American market with a strategically major expansion transaction.
General Mills to sell Haagen-Dazs ice-cream shops in mainland China
General Mills has announced it will sell its Haagen-Dazs ice-cream shops in mainland China to an investor group that includes local tea chain operator Ningji, as part of a strategy to focus on businesses with stronger profit growth.
