Saudi Arabia and Oman will lead the GCC’s multi-billion dollar investments in cultural tourism, with a series of projects to develop new world-class attractions, according to a new report. The research, compiled by Colliers International, said Saudi Arabia is ready to invest up to $2 billion – one of the highest commitments of any government to cultural tourism in the region – with a number of projects […]
With president Trump optimistic, but already laying plans for a possible government shutdown – which incidentally would take place on the symbolic 100th day of Trump’s administration, incentivizing Democrats to be especially confrontational – White House budget director Mick Mulvaney tried to talk down concerns of an imminent government closure, and said talks between Republicans and Democrats in Congress could reach an agreement to avoid a government […]
ZURICH Credit Suisse (CSGN.S) will not decide on how it wants to raise fresh capital until after this week’s annual general meeting, SonntagsZeitung reported on Sunday. The Swiss bank is considering a quick-fire share sale or listing 20 to 30 percent of its Swiss business in order to raise between 3 and 6 billion Swiss francs ($3-$6 billion) in new capital, the Swiss newspaper said, citing sources […]
French voters are going to the polls in the first step of a nail-biting two-round process to elect France’s next president. The election, which will choose a leader with some of the greatest executive powers among western democracies, has turned into a four-way cliffhanger after months of campaigning marked by embezzlement scandals, terror attacks, the collapse of old mainstream parties and the rise of candidates from the […]
Manila Bulletin Ex-AFP chief Cimatu reappointed Middle East envoyBusinessWorld Online EditionPRESIDENTIAL Spokesperson Ernesto C. Abella on Sunday announced the appointment of retired Armed Forces of the Philippines (AFP) chief Roy A. Cimatu as “Special Envoy for OFW (overseas Filipino workers) refugees” in the Middle East. But according …Duterte names ex-AFP chief Cimatu as newest Cabinet memberManila BulletinDuterte taps Cimatu as envoy for OFW refugeesInquirer.net all 3 news articles » […]
Australian hotel management company StayWell Hospitality Group and the UAE-based Cristal Group are joining forces to develop businesses with a key focus on the Middle East. StayWell CEO, Simon Wan, said the company is seeking further expansion into the UAE market with the upcoming openings of Park Regis Business Bay and Park Regis Boutique Jumeirah this year, followed by the opening of Leisure Inn Jumeirah and Park […]
Image: Christopher Furlong/Getty Images By Chloe Bryan, Tricia Gilbride, and Laura Vitto2017-04-23 13:09:48 UTC All dogs are good, but some dogs are the best. Using a unique and complex algorithm that we cannot disclose (just kidding, we picked 50 dogs from the American Kennel Club website, gave each a score out of 10, then argued with each other in the case of a tie), we have ranked […]
Omran and Saraya Holding Oman, developers of Saraya Bandar Jissah, Muscat’s resort village, has announced a full re-brand new brand name for the development. The branding to Muscat Bay marks a change of major proportion for the integrated tourism complex, the companies said in a statement. “The new brand positioning signifies a step further towards completion for the development, which is still on schedule to welcome its […]
BERLIN German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington. U.S. President Donald Trump on Friday promised a big announcement about tax reform shortly and ordered a review of Obama-era tax rules written to discourage U.S. companies […]
LafargeHolcim is close to announcing that its chief executive will step down following an internal investigation into a plant the Swiss-French cement company operated in Syria until September 2014. Eric Olsen’s expected departure would make him the highest-profile casualty of the controversy surrounding a Lafarge cement plant that the company continued operating as Syria descended into civil war. Human rights groups have alleged the company helped finance […]
When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of populist leaders in Western democracies, ranging from Marine Le Pen to Donald […]
The hydrogen fuel cell Genesis GV80 concept SUV is shown during a media preview at the New York International Auto Show, at the Jacob Javits Center in New York, Thursday, April 13, 2017. (AP Photo/Richard Drew) Hydrogen fuel cell cars could one day challenge electric cars in the race for pollution-free roads—but only if more stations are built to fuel them. Honda, Toyota and Hyundai have leased […]
23 April 2017 Ras Al Khaimah, UAE – Novel international group, a leading highly diversified investment company from China, has signed an agreement with Al Marjan Island (AMI) Company to acquire 720.000 sq. Ft. of landon the man-made island in RasAl Khaimah. Alan Feng, Director, Novel company said that: “Our Group aims at enlarging its presence overseas via high standing partnerships, joint venture and other projects. The […]
What are the best ways to reduce spam? How can we work together to reduce this threat and create a more trusted Internet? Last October, in the vibrant city of Bangkok, the Internet Society joined regulators for an in-depth conversation about how to eliminate spam and its harmful effects. Our kind hosts were the Canadian Radio-television and Telecommunications Commission (CRTC) and the International Institute of Communications (ICC). […]
Microsoft has launched IoT Central, a fully managed “IoT-as-a-service” offering to assist enterprises with the deployment of Internet of Things (IoT) applications without the need for in-house expertise. IoT Central aims to lower the barrier of entry to deploying IoT solutions in the enterprise, with a spokesperson from Microsoft telling ZDNet that the company “has a history of simplifying complicated technologies and bringing [them] to the masses”, […]
Family businesses in the GCC region face serious challenges in a highly competitive modern-day business environment, according to a new report. Orient Planet Research’s study said key issues such as corporate governance and succession continue to stalk family-led enterprises in the region. According to the report, governance, financial and succession concerns are turning into challenges due primarily to the force of globalisation, the rising number of family […]
WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration’s tax reform plan would produce some “short term issues” when viewed under traditional “static” budget analysis rules. His comments during an interview by International Monetary Fund Managing Director Christine Lagarde suggested that the plan would not be revenue-neutral and would increase deficits in the short term. Mnuchin said that the tax plan would pay […]
DUBAI // Owners of electric vehicles are having a hard time finding a place to charge their vehicles’ fuel cells despite the UAE’s growing network of charging stations. With a big push towards green initiatives, some drivers who adopt new technology feel they are getting a raw deal from motorists in conventional vehicles. “I bought a Tesla because it’s good for the environment,” said Mohammed Al Huraimel, […]
Your daily guide to community and cultural activities across the Emirates for April 23, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Art exhibition See […]
When North Korean traders give Li Jian long lists of the goods they want to buy, he checks the items against a 236-page Chinese translation of the UN sanctions imposed after Kim Jong Un’s regime conducted a sixth nuclear weapons test in September. “If it’s on the sanctions list, we can’t provide it,” Mr Li said from his office in downtown Dandong, the Chinese border city through which […]
Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis. The report, released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress, found that apparel leads the category with 73 percent market share. This was followed by footwear (18 percent) and sportswear (9 percent). The report said […]
By Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump’s promised “big announcement” next week on overhauling the U.S. tax code, a top campaign pledge, will consist of “broad principles and priorities,” an administration official said on Saturday. The president unexpectedly said on Friday at a Treasury Department event that there would be “a big announcement on Wednesday having to do with tax reform.” In a Twitter message […]
Dubai-based Najibi Investments has announced that its development arm, Sanad Capital, is set to submit phase two of its AED1 billion ($270 million) ‘Active Lifestyle’ project in Australia, which comprises a 200-room hotel. The Sunshine Coast Council has recently approved phase one of the project and bulk earthworks are set to begin within the coming months, Najibi said in a statement. Sanad Capital announced the ACTVE project […]
The Australian Taxation Office (ATO) has warned overseas organisations selling to Australia that noncompliance with the proposed GST Low Value Goods legislation amendment may result in their websites being blocked. The comments were made in response to a question posed by the Senate Economics Legislation Committee on Friday, which is looking into the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 that will see goods under […]
