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Dubai, 10 March 2017 Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai, along with Dubai Exports, the export promotion agency of DED, will go on a two-week tour of the US on the 11th of March 2017 as part of strengthening the emirate’s engagement with major economies to reinvigorate global trade flows and foreign investment. The mission, which […]

DETROIT Volkswagen AG (VOWG_p.DE) pleaded guilty on Friday to three felony counts as part of a $4.3 billion plea agreement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal. VW general counsel Manfred Doess made the plea on the company’s behalf after he said at a hearing in U.S. District Court in Detroit that he was authorized by the board of directors […]

Qatar is looking to welcome 10 million visitors a year and generate $17.8 billion in tourism receipts by 2030, according to a new study. Research released ahead of the Arabian Travel Market 2017, which takes place in Dubai on April 24-27, showed that Qatar will look to generate 5.2 percent of its GDP through tourism over the coming years, creating 98,000 jobs and managing an inventory of […]

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ABU DHABI // The number of Emirati students opting to enrol in Stem courses is slowly increasing, educators say. While about 70 per cent of students choose to study business or business-related subjects, more are looking at the benefits of choosing science, technology, engineering and mathematics courses, said Dr Warren Fox, head of higher education in Dubai’s education regulator, the Knowledge and Human Development Authority. “There’s change […]

The US government’s benchmark borrowing costs remained above 2.6 per cent on Friday as investors anticipated robust US employment data ahead of a likely Federal Reserve interest rate increase next week. The benchmark 10-year yield — one of the most widely followed interest rates in the global economy — was at 2.61 per cent by early in London, its highest level since December and up from below […]

Photo Tajrish Square in Tehran. The Iranian economy did not get the boost many had hoped for after the nuclear deal. Credit Arash Khamooshi for The New York Times Iran’s top leader criticized the pace of national economic growth on Thursday in what appeared to be a rebuke of the president, who had forecast prosperous times after the 2015 accord that lifted international sanctions in exchange for […]

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Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]

Friday 06:00 GMT Overview Asian markets were broadly positive on Friday as South Korea’s president was formally impeached, while Treasuries remained under pressure ahead of the US jobs report that could fuel expectations the Federal Reserve will raise interest rates next week. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 20 points to 7,335 and Germany’s Dax to climb […]

Historically, the marketing team within an organisation has had little to do with the IT department or the product development team, while the CEO was generally concerned only with the revenue marketing ventures were bringing into the business. According to Steve Lucas, Marketo’s new CEO, the role of the marketer should now be more aligned to a data scientist and they should also be involved in product […]

Viva Republica CEO SG Lee Image: Viva Republica Viva Republica, maker of peer-to-peer money transfer app Toss, announced that it has raised $48 million in a Series C round led by San Mateo-based VC firm Goodwater Capital, with PayPal, Bessemer Venture Partners, Altos Ventures, and Partech Ventures also contributing to the round. The latest funding round brings the total amount raised by the Seoul-based company to 87.5 […]

RBC is the first Canadian bank to publicly confirm it has severed ties with customers identified in the Panama Papers leak.  (Randy Risling / Toronto Star) | Order this photo   The Royal Bank of Canada has closed dozens of accounts linked to the Panama Papers, becoming the first Canadian bank to publicly confirm it has severed ties with customers identified in the leak. The admission came some 10 […]

Report launched in the Middle East in partnership with the Government of Dubai Media Office HE Mona Al Marri: “Report will contribute to the international dialogue at the Forum and guide government communication professionals and decision makers in finding new opportunities for optimising their strategic approach, in addition to understanding the challenges that need to be overcome in a rapidly changing environment.” WPP Leaders’ Report […]

China’s Uber rival Didi Chuxing announced that it has officially opened its first US-based research and development lab in Mountain View, California this week. Didi Labs will seek out engineering talent and focus on artificial intelligence (AI)-based security and intelligent driving technologies, according to a statement made by the company. Founder, chairman, and CEO of Didi Chuxing, Cheng Wei said the company’s vision is to build an […]

By Alexandra Ulmer | CARACAS CARACAS A World Bank tribunal order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp (XOM.N) over nationalizations has been annulled, a lawyer for the government said on Thursday. “We were confident all along that our position was correct and are very pleased that the annulment committee agreed,” Venezuela’s lawyer George Kahale told Reuters by email. There was no […]

Tunis and Dubai, March 9, 2017 – Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective jurisdictions. The […]

By Jonathan Stempel | NEW YORK NEW YORK Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems. Corzine, also a former New Jersey senator and Goldman Sachs Group Inc (GS.N) co-chairman, […]

DUBAI // The UAE is leading the region in government-citizen communication and trust, according to a report on the future of government communication. The WPP Leaders Report, launched in the Middle East for the first time in partnership with Dubai Media Office, found that the UAE was one of five Middle Eastern countries that stood out in terms of trust citizens have in their government and having […]

|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]

Sheikh Dr. Faleh bin Nasser Al-Thani: Qatar adopts agriculture plan to achieve self-sufficiency in agriculture production by 2030 Doha, Qatar, March 8, 2017  Under the patronage of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of Qatar is all set to host the fifth edition of Qatar International Agricultural Exhibition (Agriteq 2017) being organized Ministry of Municipality and Environment […]

We have just lived through the most spectacular global bullmarket run for the fixed income markets.  This bull market rallied the bond market tothe lowest yields ever!  Over a third ofall global fixed income was trading with a negative yield.  The most accommodative central bank policiesmade heroes out of bond fund managers. Bond investors that stayed fullyinvested with fingers crossed, hoping for the greater fool theory to […]

Kakao has launched a wire transfer feature in its chat app that allows users to send funds to the bank accounts of others in group chats. KakaoTalk users can press “To Bank Account” on the Kakao Pay interface within the chat app and enter their password or fingerprint to activate the feature. Funds can also be sent to people who are not using KakaoTalk or Kakao Pay. […]

There are efficiency gaps between the startup ecosystems in Singapore and Silicon Valley, which the former can address by introducing simpler and clearer investment terms. Doing so would, in turn, attract more mature startups to their fold and better set up founders for success, according to executives from muru-D’s Singapore outfit. The Telstra-owned accelerator had just completed its second batch of eight startups under the six-month programme, […]

By Gertrude Chavez-Dreyfuss and Trevor Hunnicutt | NEW YORK NEW YORK Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin. From investment funds to wealthy individuals and even a Las Vegas strip club, the bitcoin ETF is generating a lot of buzz for a financial product. The surge in interest in the digital currency is […]

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