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FAB takes full ownership of Bahrain fund administrator Yasira // New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // Iran displays school strike memorial at COP31 summit // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // Abu Dhabi unveils restored Porsche from royal motorcade // Google Health introduces blood pressure logs and glucose overlays // UAE forecasts heavy showers across northern regions midweek // Flydubai Dammam cancellations persist as Etihad extends suspensions // Canada seeks tariff easing following US election upheaval // COP31 leaders demand accelerated action as warming intensifies // FinCEN identifies $8 billion in suspect overseas payments // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // Thai Airways discloses 60,529 records exposed through Amadeus // Japan’s Nikkei advances as buyers return after sell-off // Messi secures consecutive MLS Golden Boots with 26 goals // Moonless skies improve stargazing conditions across northern Saudi Arabia // OnePlus 16 India debut reconsidered amid launch discussions // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // Google school AI search policy draws Senate challenge //

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Growing preference for debit cards is driving more Singapore shoppers towards electronic payments, with just 11 percent forking out physical cash. Some 87 percent of consumers in the city-state expressed preference for e-payments, which was the highest in the Southeast Asian region, according to the 2016 Visa Consumer Payment study, conducted by Toluna. The survey polled 500 Singaporeans on their attitudes towards various payment modes, including cash, […]

KIEV Ukraine has imposed sanctions on Russia’s largest internet group Yandex and other popular web businesses including the operator of social media sites Vkontakte and Odnoklassniki, the president’s office said on Tuesday. The decree by Ukrainian President Petro Poroshenko also banned Ukrainian web hosts from linking to the Russian websites from May 15. The restrictions added to an existing list of more than 400 Russian individuals and […]

Seeking to make virtue out of totally predictable and painful necessity, the parent of The Chicago Tribune is seeking to buy its longtime tabloid rival, The Chicago Sun-Times. The two papers already have a joint printing and distribution agreement and will now enter into a merger discussion that would theoretically maintain them as separate entities. Any such deal would need Justice Department approval. But the weakened state […]

Vodafone redials its Indian impairment numbers. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Hailing from the country that gave India cricket, Victorian railway architecture and a penchant for bureaucracy, Vodafone might have expected a little goodwill on the subcontinent. Instead, India has given the British mobile phone operator a price war, […]

By Ami Miyazaki and Taiga Uranaka | TOKYO TOKYO Japan’s government said on Tuesday it wanted Toshiba Corp (6502.T) and partner Western Digital Corp (WDC.O) to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba’s chip unit. Western Digital sought international arbitration this week to stop Toshiba from selling the unit without its consent, arguing that the Japanese […]

UAE telco du has launched a data-only sim for heavy users who require internet on the go. With up to 50GB for use on devices such as tablets, Mi-Fis, the new iPad and Car-Fis, the the new data sims are available on installment with zero upfront payment, according to du Customers opting for the data sim plans can sign a 12-month contract with du and choose from […]

DocuSign has revealed a data breach that has allowed malicious actors to conduct a wide-ranging phishing campaign. In a notice on its website, DocuSign said it found the breach when investigating the cause of an increase in DocuSign-impersonating phishing emails. “A malicious third party had gained temporary access to a separate, non-core system that allows us to communicate service-related announcements to users via email,” the company said. […]

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By Ann Saphir | SAN FRANCISCO SAN FRANCISCO Ramin Forouzandeh had applied to 13 PhD economics programs in the United States, but after President Donald Trump signed his first travel ban in January, the 25-year-old Iranian turned to Canada for other options. He said he had focused on U.S. schools because they hosted most of the world’s top 20 economics programs. “Before the travel ban, I never […]

PHNOM PENH, May 16 (Xinhua) — China has overtaken Vietnam to become the 1st largest source of tourists to Cambodia, a Cambodian Tourism Ministry official said on Tuesday. Kong Sopheareak, director of the Tourism Ministry’s statistics and planning department, said that about 270,000 Chinese visitors came to Cambodia in the first quarter of 2017, up 26 percent over the same period last year, as the number of […]

Saudi King Salman on Monday expressed hope a “historic” summit to be held Sunday between Arab and Muslim nations and US President Donald Trump will enhance ties and promote tolerance. The summit will be one of three forums held during a visit by Trump, who is making Saudi Arabia his first overseas stop since assuming office in January. Trump has frequently been accused of fuelling Islamophobia but […]

Chinese networking giant Huawei has announced that it will be leading the “digital transformation” of Hamad International Airport in Qatar in an effort to improve security, customer experience, and efficiency. Huawei, which announced entering a memorandum of understanding (MoU) with the Doha-based airport this week, said it will work on creating prototypes and solutions for Internet of Things (IoT) and autonomous machines throughout the airport. “The objective […]

By David Shepardson and Nick Carey | WASHINGTON/DETROIT WASHINGTON/DETROIT Ford Motor Co (F.N) plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday. A person briefed on the plan said Ford plans to offer generous early retirement incentives to reduce its […]

The blockbuster listing of Ant Financial, the payments affiliate of Alibaba, has been put on ice until the end of next year at the earliest, according to bankers. Market players have been counting on Ant, which runs China’s popular Alipay mobile payments service, to be the star in this year’s initial public offerings calendar. It was valued at $60bn in its last financing round in April 2016, […]

BuzzFeed News announced on Monday the addition of Forbes staff writer Ryan Mac to its expanding team of reporters in San Francisco who cover Silicon Valley. Mac, who’s already based in San Francisco, joins a BuzzFeed News tech team of 20. He’ll be covering “the intersection of wealth, tech and power” under BuzzFeed San Francisco Bureau Chief Mat Honan and technology editor John Paczkowski. Rather than focus […]

The Dubai Real Estate Court has settled a real estate lawsuit worth $4 billion (AED15 billion) by reaching a compromise with all parties based on the interest of the country’s economy and real estate market, according to news agency WAM. Judge Ahmed Ali Al-Dhanhani, head of the Dubai Real Estate Court, said, “The real estate project in question is an integrated city with vast areas, settled with […]

By Jonathan Stempel | NEW YORK NEW YORK Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday said it added to its sizable investments in American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N), and shed its stake in Twenty-First Century Fox Inc (FOXA.O). In a regulatory filing, Berkshire said that in the first quarter its American stake grew 8 percent to 49.3 million shares worth $2.08 […]

One of the hottest races going on in the tech world right now is the race to get self-driving cars out to the public first. To try and beat out the competition, Waymo has reached an agreement with Lyft, the startup ride-hailing company, to get its street legal autonomous cars out first. Lyft And Waymo Team Up The New York Times reported that the two companies reached […]

Food trends often centre around a single ingredient or innovative cooking technique. However, it seems the latest global food craze is not so much about the food but how it is served. Food bowls have grown in popularity in the United States and United Kingdom, and are now rolling into many of the UAE’s trendiest restaurants and cafes. Over the past five years, data collected by Technomic […]

Facebook users in the Middle East will spend an extra 57 million hours on the social media platform during Ramadan, according to new research. New data released by Facebook IQ research shows usage during the Holy Month is expected to increase by five percent.   Millions of people in the Middle East will spend more time on Facebook during Ramadan than usual, with research showing the a […]

Dubai, 15 May, 2017  SAMENA Telecommunications Council today announced global technology leader Nokia as the newest addition to its membership. Nokia, the leading provider of state-of-the-art end-to-end telecom infrastructure solutions, has unparalleled credentials in enabling infrastructure for next generation mobile as well as fixed broadband networks including 5G and the Internet of Things. Nokia is focused on developing solutions that expands the human possibilities of the connected […]

By Guy Faulconbridge and Dustin Volz | LONDON/WASHINGTON LONDON/WASHINGTON The global WannaCry “ransomware” cyber attack spread more slowly on Monday with no major infections reported, as attention shifted to investment and government policy implications of lax cyber security. There were 213,000 infected machines in 112 countries as of 1000 GMT on Monday, according to Czech security firm Avast, making it one of the largest coordinated attacks to […]

PARIS France’s new Prime Minister Edouard Philippe took the job offered to him by President Emmanuel Macron because the country is in a “unique situation”, he said on Monday hours after his appointment was announced. “I told myself that the situation we were in was so unique that we should try something that had never been tried before,” he said on TF1 television. He also reaffirmed Macron’s […]

With the holy month just around the corner, take a look at some of the city’s top iftars and suhoors to try. 1. Al Fanous Lounge: The Dubai Ballroom at JW Marriott Marquis will transform into an oriental lounge designed with lavish white, gold and jewel tones for the holy month of Ramdan. Also lavish at the lounge is the iftar buffet that will consist of over […]

Arthur Gregg Sulzberger will take responsibility for the opinion pages of The New York Times from his father, Arthur Ochs Sulzberger Jr., according to an internal announcement circulated at the company this afternoon, the latest in a series of moves intended to prepare the younger Sulzberger for eventual leadership of The New York Times. At The New York Times, the editorial page editor reports to the publisher […]

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Just in:
UAE forecasts heavy showers across northern regions midweek // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // US relocates tankers from second British base amid threats // Messi secures consecutive MLS Golden Boots with 26 goals // Thai Airways discloses 60,529 records exposed through Amadeus // Microsoft 365 Family cuts combined storage to 2TB // Abu Dhabi unveils restored Porsche from royal motorcade // Iran displays school strike memorial at COP31 summit // North Korean hackers widen drone and software attacks // New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu // Moonless skies improve stargazing conditions across northern Saudi Arabia // France identifies Iranian Guards as supermarket hacking suspects // North Korean hackers channel Binance funds through fake tokens // COP31 leaders demand accelerated action as warming intensifies // California electorate defeats proposed levy on billionaire wealth // Flydubai Dammam cancellations persist as Etihad extends suspensions // Dubai approves airport Metro link for 2031 opening // FinCEN identifies $8 billion in suspect overseas payments // Canada seeks tariff easing following US election upheaval // Google Health introduces blood pressure logs and glucose overlays //