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15 December 2016 Jeddah, Saudi Arabia — As a strategic step towards the development of the small-to-medium-sized enterprises (or “SMEs”) in Saudi Arabia, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, and Catalyst Group inked an Engagement Agreement to commence ITFC’s KSA SME Program to boost the SME Trade development.  Through this partnership, ITFC will be piloting a SME Trade […]

Authored by Carl Bildt, originally posted at Project Syndicate, In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.” A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly […]

A drone pilot has captured rare footage of several killer whales ganging up on a single shark and devouring it while it was still alive. Slater Moore was touring California’s Monterey Bay with the Monterey Bay Whale Watch (MBWW) on Tuesday, Dec. 13, when they came across two adult killer whales and two calves at sea. The sea creatures appeared to be busy eating something, so Moore decided […]

An obscure clash involving a 28-year-old tattoo artist, the Osaka police and an ambiguous century-old medical law has spiralled into a landmark constitutional battle to save an entire industry from oblivion.  The showdown in Japan follows the decision of the Osaka police to hit the local tattooing industry with the physicians’ law — a legal framework laid down in the 19th century that technically means only a […]

China has ceded its status as America’s largest creditor nation to Japan after spending a large portion of its foreign exchange reserves to defend the renminbi. Beijing’s ownership of US Treasuries fell by $41.3bn to $1.12tn in October, according to data from the US Treasury released on Thursday — the sixth straight month of decline. Japan’s holdings fell by $4.5bn to $1.13tn for the same period. Thomas […]

TOKYO Japan’s Prime Minister Shinzo Abe and Russian President Vladimir Putin wrapped up two days of talks on Friday with numerous economic deals but no big breakthrough on a territorial row that has overshadowed ties between the countries since World War Two. The following list details energy and other alliances and agreements between Japanese and Russian companies and government enterprises announced during the summit meetings: HEALTHCARE – […]

The Abu Dhabi Childhood Obesity taskforce has announced the launch and immediate implementation of a comprehensive plan to address the growing health issue in the emirate. The plan which focuses on six key categories, is a result of a cross-sector evaluation that assessed existing efforts to fight childhood obesity, challenges and opportunities, in addition to benchmarking against World Health Organisation recommendations, news agency WAM reported. The focus […]

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BEIJING The family of prominent Chinese legal activist Jiang Tianyong is unable to locate him despite police saying that he had been released on Dec. 1 after spending nine days in detention, his family’s lawyer said on Friday. Disbarred lawyer Jiang, 45, has spoken out about a government crackdown on legal defenders and has been involved in high-profile cases of dissidents who have angered authorities, including blind […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were stable on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to drain a global glut. But since any production cuts will only hit markets early next year and Iraq is still raising sales to Asia, analysts at Goldman Sachs said that the price […]

Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]

Allergic reactions to peanuts cause around 500 hospitalizations and even some deaths in the United States each year. Food that contains trace amounts, because it was produced with factory equipment or kitchen tools that came into contact with peanuts, can prove fatal for allergic individuals who consume it unsuspectingly. Accidentally ingesting as little as a third of a single peanut — about 70 milligrams — can send […]

A prominent South Carolina legislator highlighted in a 2015 investigation by the Center for Public Integrity and The Post and Courier was indicted Wednesday on 30 counts of ethics violations. Rep. Jim Merrill, R-Charleson, was suspended from office after news of the grand jury indictments, which stem from a broader and ongoing Statehouse corruption probe. He is accused of using his communications company to profit from groups […]

By J.R. Wu | TAIPEI TAIPEI Before getting too carried away with Taiwan’s elevated status under a Donald Trump presidency, President Tsai Ing-wen might want to check her bank balance. Trump’s suggestion that the “one China” principle – that Taiwan is a part of China – was up for negotiation has already prompted sabre-rattling from Chinese state media and some in the military establishment. Taipei’s ability to […]

What brought you into the world of fashion? I always wanted to make sure I did a job that I was passionate about, and one that wouldn’t simply be a 9-5 office job, which fashion allowed me to do. I began my career on the UK High Street where I started off working on own-label brands and really learnt my trade. Following that I moved on to […]

Investors have piled into Russian equity and bond funds over the past week as oil prices have rallied and President-elect Donald Trump named an oil executive with close ties to Vladimir Putin as US secretary of state. Russian stock funds recorded inflows of $451m in the week to December 14, the biggest weekly haul since the first quarter of 2011, according to EPFR. Mutual funds and exchange […]

CAIRO — Egypt said Thursday that explosive traces had been detected on the bodies of passengers retrieved from EgyptAir Flight 804, which plunged into the Mediterranean Sea in May and killed all 66 people on board. The announcement by the Civil Aviation Ministry offers the strongest suggestion yet that a bomb might have felled the airliner as it flew to Cairo from Paris. Previously, officials had focused […]

Friday 02:10 GMT Overview The US dollar has climbed to a 14-year high in the wake of the Federal Reserve’s decision this week to lift interest rates, putting pressure on Asian currencies and prompting caution among traders of regional stocks. Hot topic The dollar has been one of the biggest stories of the December quarter thanks to a more robust outlook for US inflation and growth. That […]

By Kiyoshi Takenaka and Katya Golubkova | TOKYO TOKYO Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin hold a second day of talks on Friday after Abe made little headway a day earlier in his quest to resolve a territorial row that has festered since World War Two. Putin looked set to come away with a slew of economic deals and achieve what experts said […]

November 30, 2016 by: Joe Leahy in São Paulo Brazil’s economy recorded its seventh straight quarterly contraction between July and September, disappointing hopes the new government of president Michel Temer could engineer a quick turnround in the fortunes of Latin America’s biggest economy.  The news on the economy, with gross domestic product contracting at an annual rate of 2.9 per cent during the third quarter, came after […]

A one-two punch of a surging US dollar and rising interest rates sent the price of gold tumbling to its lowest level since February on Thursday, hurting the shares of miners and spurring hefty liquidations of exchange traded funds that track the metal. The price of gold in New York fell as much as 1.8 per cent to $1,122 an ounce, as the dollar rose across the […]

BRUSSELS The heads of European Union institutions were given a mandate to plan a possible summit meeting with Turkish leaders in the coming months at an EU summit on Thursday, summit chair Donald Tusk told a news conference. “We have a mandate to organise this kind of summit in the next months,” Tusk said, adding that no date had been set. The EU would be represented by […]

Doha, Qatar December 15, 2016 Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C.) signed its first international agency marketing agreement with Total. The signing ceremony took place at the K Trade Fair 2016 in Dusseldorf, Germany and was attended by senior representatives from Muntajat and Total. Total produces a range of polymers including polyethylene, polypropylene, and polystyrene. With Polymers business unit offices based in Brussels, […]

What’s the story behind your business? Our story is a typical start-up story. We began 15 years ago with six people, and at the time we operated out of our chairman’s extra bedroom in Jumeirah. We started the agency with the philosophy of changing the rules of advertising across the region. At the time, people thought we were a bit crazy – they said everything had already […]

Caitlin Johnston and Anthony Cormier spent so much time with a 182-page plan from the Florida Department of Transportation that it became like a bible to them: important, instructive, kind of mysterious and confusing. But the truth that came out of its pages aren’t the result of thousands of words of copy. It’s revealed, instead, through Legos. Johnston, a transportation reporter, and Cormier, an investigative reporter at […]

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