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Former US VP Stresses Role of Governments in Reaching Global Consensus to Fight Climate Change SHARJAH-UAE: March 22, 2017  His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Member of Supreme Council and Ruler of Sharjah today attended a conversation panel with Al Gore, former US Vice President and founder-chairman of the Climate Reality Project as part of the sixth edition of International Government Communication Forum (IGCF […]

By Tova Cohen and Steven Scheer | TEL AVIV TEL AVIV Intel’s $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector’s other late-stage startups, where funds are most needed. Fundraising in late-stage startups – more mature firms that are already selling products rather than just the bright but unexploited ideas of entrepreneurs – has […]

Markets now and again behave in ways least expected, none more so than the resilience of emerging market currencies against the US dollar. Two of the main factors underpinning EM foreign exchange flows — globalisation and oil — are going the wrong way. Globalisation looks more vulnerable than ever following the G20 finance ministers’ meeting that pointedly failed to include the need to fight protectionism in its […]

By Ankit Ajmera and Nathan Layne Sears Holdings Corp (SHLD.O), once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears said in the annual report for the fiscal year ended Jan. 28. (bit.ly/2mRUcce) […]

Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]

Ruben Harris is a professional cellist and a recovering investment banker who now leads partnerships in San Francisco for Honor, a healthcare startup focused on seniors. He is also a founder of the Breaking Into Startups podcast. More posts by this contributor: Companies are increasingly investing in workforce development to retrain their employees, but if you’re in your 50’s, it can be intimidating to learn how to […]

A technical problem at NYSE Arca, the Big Board’s listing venue for exchange traded funds, stymied the end of the trading day on Monday, hindering the closing auction for 341 securities, NYSE said on Tuesday. In a letter to clients on Tuesday, NYSE attributed the problem to a new version of software. Trading on the exchange has recommenced normally. “I am contacting you personally to emphasise that […]

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By Rosalba O’Brien | SANTIAGO SANTIAGO Sebastian Pinera, who was Chile’s president from 2010 to 2014, officially declared on Tuesday his intention to seek the office again this year, betting that widespread disillusion with the governing coalition will help him win over voters. The center-right Pinera, who ranks 745th on the Forbes list of the world’s richest billionaires, is bidding for the nomination of the ‘Chile Vamos’ […]

Nearly a decade on from the financial crisis that took hold in 2007 and put an end to an era, the global economic environment remains unusually challenging. Nonetheless, the efforts that have been undertaken by Bahrain over the past 15 years to reform and diversify its economy, alongside the wider activities by regional governments to address the near-term fiscal challenges, means that the kingdom remains cautiously optimistic […]

Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent — and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones […]

ABU DHABI // A new government programme is making local organic produce not only more readily available in supermarkets around the country but also more affordable in comparison with its more expensive, imported counterpart. The Ministry of Climate Change and Environment has made a concerted push in recent years to subsidise farming equipment, provide expertise and connect local farmers with supermarkets to help market their products. On […]

US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]

Top executives from two of the world’s biggest investment banks have warned about the perils of Brexit, saying they have begun to firm up plans to uproot jobs from London ahead of Britain’s departure from the EU. Banks had been among the most vocal opponents of Brexit in the run-up to June’s referendum, donating millions of pounds to the Remain campaign and speaking openly about the thousands […]

Tuesday 18:30 GMT What you need to know ● Sell off in financials drives S&P 500 down 1 per cent● Euro climbs to $1.08 and dollar index slips below 100● 10-year Treasury yield at lowest since start of month● Oil prices come under renewed pressure● Gold heads for fifth daily rise in a row——————- Overview A sharp and sudden sell-off for US financial stocks helped put the […]

By Elisabeth O’Leary | EDINBURGH EDINBURGH While the economic case for Scottish independence once centred on oil, people like company director Niall McLean now argue that trade is the way to ensure their country’s future prosperity – and avoid the damage of the United Kingdom leaving the EU. Turning Scotland, which sells two thirds of its exports to the rest of Britain, into a heavyweight international trader […]

PARIS A junior French minister backed Emmanuel Macron’s presidential campaign on Tuesday, the first member of the government to do so, just hours after he consolidated his status as favourite in the first of a series of TV debates. The backing of ecology party lawmaker and biodiversity minister Barbara Pompili is expected to be followed by more defections from the government of Socialist President Francois Hollande, in […]

21 March 2017 Dubai, United Arab Emirates – HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) second phase of the Mohammed bin Rashid Al Maktoum Solar Park. The project reflects a new era in the excellence and leadership of the UAE, as it increases the share of clean and renewable energy. […]

Big Chinese cities have launched a new round of lending curbs and purchase restrictions in an effort to cool overheated property markets, as official media warn that some have veered towards a bubble.  Sky-high prices in cities including Beijing, Shanghai, and Shenzhen are stoking anger, even among relatively well-off professionals. Meanwhile, controlling financial risk has emerged as the dominant economic policy theme for 2017. At the conclusion of the […]

When Tim Armour graduated from Middlebury College, a liberal arts institution in Vermont, he faced a conundrum. He could either accept a graduate programme slot at a West Coast investment group, or go and run a windsurf shop in Florida. Because he loved to windsurf but did not want to turn down a more sensible job, he asked the asset manager whether he could put off the […]

UAE-based mother, baby and child e-commerce website Mumzworld has commenced talks to raise new funds for expansion across the non-Gulf Cooperation Council (GCC) countries, its founder says. In February 2016, the company successfully closed its Series B funding with multi-million dollar investments led by Wamda Capital, twofour54, and Endeavor Catalyst, aimed to support its expansion in the GCC. “We are now across the GCC. The UAE and […]

NEW YORK Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, died on Monday, a family spokesman said. He was 101. Rockefeller, who reportedly gave away nearly $2 billion in his lifetime, died in his sleep of congestive heart failure at his home in Pocantico Hills, New York, spokesman Fraser Seitel said in a […]

CRA assistant commissioner Ted Gallivan said tax fraudsters identified in the Panama Papers will not be allowed to clear their name by declaring their hidden assets and paying back taxes and interest, a process called voluntary disclosure.  (Graeme Roy / THE CANADIAN PRESS file photo)   For the Canada Revenue Agency, the Panama Papers was a line in the sand. Unlike those exposed by previous leaks, tax cheats named […]

20 March 2017Research Nester has recently announced its latest Industry research on “Medical Robotics Market: Global Demand Analysis & Opportunity Outlook 2023”. Medical robots allows surgeons to carry out operations in more precise and less invasive way, medical robots increases accuracy of the operation along with wide range of advantages such as decreases risk of infection, decreases post-operative pain and reduces risk of patients life. Along with […]

Young UAE nationals are looking for jobs in new sectors because of the changes in the country’s economic portfolio that focuses on  manufacturing, technical innovation and future sciences, according to Ibrahim Al Asmawi, HR Manager, Adecco Middle East, the provider of workforce solutions. With ongoing plans of diversification of economy away from oil, many UAE nationals now seek jobs at different fields of engineering – space, mechanical […]

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