World Business News

German chancellor Angela Merkel has failed to build a new government after coalition talks broke down Sunday. The Free Democratic Party made the decision to leave as the strategy paper tabled left its members feeling compromised on issues ranging from refugees to the environment and energy.

More than half of young Syrian refugees say they are unlikely to return home permanently, and an end to the war and the elimination of Daesh are viewed as the decisive steps needed for them to consider going back.

The UAE’s free trade zones are using advanced information management tools to drive the doubling of the global free trade zone GDP, experts announced today.

The Arab-Brazil Chamber of Commerce (ABCC) Brazil has announced that Brazilian average daily exports to the Arab region continue to soar, reporting a robust performance during the first half of 2017. Brazil’s total export market share in the Arab region rose to 15.4 per cent during the first half of 2017, in comparison with the total export market share recorded in 2016. Main exports included sugar, iron ore, beef, sports hunting equipment, car engines and chassis, automobiles, soybeans, poultry, coffee beans, precious and semi-precious stones, and cast-iron pipes. Saudi Arabia, the UAE, Algeria, Egypt, Oman and Bahrain were the largest importers of these goods.

US President Donald Trump has labelled Climate Change a “hoax” and the world is still coming to terms with his executive order last week to overturn predecessor Barack Obama’s environmental measures for the US and cut the Environmental Protection Agency’s (EPA) funding for climate change policies by $100 million.