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02 April 2017 Doha, Qatar – 3 April: Shangri-La Hotel Doha, owned by Al Rayan Tourism Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, headed by His Excellency Sheikh Faisal bin Qassim Al Thani, proudly welcomes Chef Jean-Luc Morcellet on-board as the new Executive Chef. Chef Morcellet, originally from France, has over 20 years of international experience, having worked in reputable hotel chains […]

Like many Hong Kongers with family and business ties in mainland China, Ceci Chong would often carry cash back across the border — until she was stopped last summer by a Chinese customs officer. She was caught bringing Rmb100,000 ($14,500) in family savings to Hong Kong — five times the cash limit imposed by China. Her case was part of a crackdown on “financial ants”, who smuggle […]

BEIJING China reported six new cases of H7N9 bird flu including one death in Hunan after live poultry markets in the province were shuttered last month. The infections were reported in the last week of March by the provincial centre for disease control and prevention, according to a report by Xinhua news agency on Sunday. A total ban on live poultry trading in the provincial capital of […]

More than a third of CEOs in the Middle East say they are very confident about their company’s prospects over the next 12 months, despite global challenges, according to a new survey. PwC’s Annual Global CEO Survey, which interviewed 50 company chiefs in the Middle East, painted a positive, albeit guarded, picture about growth in the region. Thirty-eight percent of CEOs said they are confident about the […]

BEIJING Subjected to daily interrogations and blocked from leaving China for more than a week, Australia-based academic Feng Chongyi arrived home in Sydney on Sunday, vowing to return to the mainland later this year to complete his research. Feng, an Australian permanent resident who retains his Chinese passport, was conducting field interviews for a project on Chinese human rights lawyers and their political aspirations. “If they wanted […]

It can be a lonely business working outside a traditional office environment as a freelancer, independent professional or start-up entrepreneur. Given the costs associated with renting a commercial space, a popular option many choose in those circumstances is to build their empire from home. But while it can save money, this approach has downsides, not least when workers need quick access to a scanner, 3-D printer or […]

Colombians woke up on Saturday to a devastating landslide that left at least 193 dead in the south-west of the country, after heavy rains caused rivers to overflow. The avalanche propelled sediment on to buildings and bridges, as homes and cars were swept away in the city of Mocoa in Putumayo. “We have adults, women and infants,” police commander Colonel Omar Bonilla told a Colombian radio on […]

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Kuwait City, April 1st 2017: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, acted as the acquisition advisor to Qurain Petrochemical Industries Company KSCP (“QPIC”) on the acquisition of 20.5% of National Petroleum Services Company KSCP (“NAPESCO”). The transaction has been successfully completed throughout multiple stages that was initiated in the third quarter of 2016 and finalized in March […]

The value of personal loans in the UAE increased to AED349.9 billion ($95.2 billion) in February, up by three percent compared to the previous month, according to the country’s central bank. The UAE Central Bank said that by providing personal and corporate finance facilities, UAE banks “continue to play a dynamic role in establishing a robust economic development process”. It also said in a report cited by […]

NEW YORK U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. These assets, known as deferred tax assets, are items such as tax credits that may be used to […]

Photo Iraqis bathed in a sulfur pond not far from the southern outskirts of Mosul on Saturday. Iraqi forces are pushing to take western Mosul from the Islamic State. Credit Ahmad Gharabli/Agence France-Presse — Getty Images WASHINGTON — Facing mounting pressure over civilian casualties in American airstrikes, the United States-led coalition fighting the Islamic State in Iraq and Syria said on Saturday that it was likely that […]

SEOUL Australia-based Chinese academic Feng Chongyi said late on Saturday he had boarded a flight leaving China, ending an ordeal that saw him interrogated by authorities and delayed from exiting the country. Feng, an Australian permanent resident who retains his Chinese passport, boarded the flight from the southern Chinese city of Guangzhou and was scheduled to arrive in Sydney on Sunday morning. Flight tracking websites confirmed the […]

By Daniela Desantis | ASUNCION ASUNCION A protester was killed in Paraguay after a secret Senate vote for a constitutional amendment that would allow President Horacio Cartes to run for re-election sparked violent clashes and the country’s Congress was stormed and set alight. Rodrigo Quintana, 25, was killed by a rubber bullet fired by police in the headquarters of the liberal youth activist group, the Paraguayan opposition […]

BOGOTA A landslide in Colombia’s southwestern border province of Putumayo has left at least 14 people dead and 60 injured, officials said on Saturday. Heavy rains overnight caused several rivers to overflow, sending mud and sediment onto homes and roads in the provincial capital of Mocoa, which has around 100,000 inhabitants. “It is a very critical situation,” Carlos Ivan Marquez, the head of the country’s disaster response […]

Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017: For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & […]

South Africa’s new finance minister, Malusi Gigaba, that said that he would pursue radical transformation of its economy while defending the country’s investment-grade credit rating in his first comments after the divisive firing of his predecessor by President Jacob Zuma. Mr Gigaba, formerly home affairs minister and a close ally of Mr Zuma, became the fourth Treasury chief in two years this week after the president used […]

Damac Properties has announced that its in-house mortgage department has so far facilitated home financing worth AED600 million ($163 million) for hundreds of units across the UAE.  Damac Properties said in a statement that it is the only luxury developer in the Middle East that has a dedicated one-stop-shop to provide direct support for existing and new customers. The developer said this is done by evaluating customers’ […]

A handful of companies on Friday filed to go public, bolstering expectations of a strong second quarter for the US listings market after the float of Snap, the owner of the messaging app. The market for initial public offerings is heating up after a slow period. With 111 deals, last year was the weakest one for US IPOs since the aftermath of the financial crisis in 2009, […]

Those risks have been amplified by President Trump, whose administration has said it is “putting Iran on notice.” The tough talk from Washington has given early movers like Total pause, raising concerns as to whether long-awaited opportunities will materialize, or if the Trump administration will take a harder line and tighten already-complex rules on doing business with Tehran. Continue reading the main story Some major global companies […]

When Unilabs, the Swiss medical diagnostics business owned by private equity firm Apax, sought buyers to refinance its loans this month, it was by invitation only. The decision to restrict who could buy its loans, while also cutting typical investor protections, is a classic sign of a red-hot credit market in which private equity owners are emboldened to sideline investors who will be more demanding should a […]

O’Keefe said Project Veritas’ lawyer, Benjamin Barr, is submitting complaints and requests for investigation to the Department of Justice, the U.S. Attorney’s Office for the Southern District of New York and the FEC. O’Keefe provided the Center for Public Integrity with copies of the letters from Barr to the Department of Justice and the Federal Election Commission. The letters state the creators of the PAC “fraudulently misrepresented […]

Donald Trump’s daughter Ivanka and her husband Jared Kushner have a combined wealth estimated in the nine-figures, while Ms Trump remains a stakeholder in Washington’s Trump International Hotel, according to new financial disclosures released by the White House on Friday evening. The wealth amassed by Mr Trump’s White House inner circle before he became president is exposed by a series of filings covering around 180 top administration […]

“Trying to fight ISIS while pretending that we can ignore the Syrian civil war that was its genesis and fuels it to this day is a recipe for more war, more terror, more refugees, and more instability,” Senator John McCain, Republican of Arizona and chairman of the Senate Armed Services Committee, said Thursday night. Photo Secretary of State Rex W. Tillerson, left, with Mevlut Cavusoglu, Turkey’s foreign […]

Hedge funds betting on a sharp drop in global equities suffered further this quarter, while the broader industry’s returns lagged behind those of US and European stocks. The flagship fund of Crispin Odey, who for several years has been warning of a violent bursting of a bubble inflated by central banks, is narrowly down for the year. The fund endured a nearly 50 per cent decline last […]

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