LONDON British luxury brand Burberry (BRBY.L) said on Monday it would transfer its beauty business to U.S. group Coty (COTY.N) in a deal that will bring in around $225 million plus ongoing royalty payments and grow the division. Known for its British-made trenchcoats, Burberry’s fragrances include My Burberry and Mr Burberry and it has expanded into cosmetics in recent years to help introduce its brand to younger […]
The merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) formally completed on Sunday, as the board of directors unveiled a new name for the bank. In a statement, the board of directors announced that the merged entity would be named First Abu Dhabi Bank, subject to regulatory approvals and following a General Assembly Meeting to be held “at a later stage” to […]
Australia’s house prices are rising at their fastest pace in seven years, igniting fears of an emerging property bubble and prompting regulators to crack down on risky bank lending. New figures on Monday show residential property prices have increased 12.9 per cent in the past 12 months, with prices in Sydney surging 18.9 per cent — the fastest rate of growth in almost 15 years. “Four of […]
Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]
As aged care service providers come to terms with legislative changes that provide consumers with greater choice, Thomas Holt is forging ahead with its digital transformation initiative to improve the quality of life for residents, drive efficiencies for care workers, and differentiate itself in the market. Earlier this year, Alcatel-Lucent Enterprise announced it was providing Thomas Holt Aged Care with a network and communications infrastructure upgrade that […]
Three friends jumped from the top of Princess Tower, the tallest residential tower in the UAE, according to a video posted by xDubai. The video shows three friends – Noah Bahnson, Vince Reffet and Fred Fugen – taking the plunge from top of the 414-metre high tower on Friday. The jump was, in fact, supervised by xDubai, a company licensed to undertake extreme stunts in the emirate. […]
With so many respected newsrooms still adjusting to having the president call them “enemy of the American people,” next week’s announcement of the 2017 Pulitzer Prizes feels like a showdown. What will the winning journalism say about the press’ value to the public? We’re about to find out. Pulitzer selections reflect a closed-door, two-step process at New York’s Columbia University, which administers the prizes. Jurors from around […]
SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]
Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]
The number of data breaches in the Middle East has risen 16.67 percent since 2015 as hackers become increasingly sophisticated, according to research. New data from global cybersecurity firm Gemalto found that approximately 45.2 million data records in the Middle East were compromised in 2016, compared to 38.5 million in the previous year. Globally, 1.4 billion data records were compromised in 2016 as hackers targeted large-scale databases […]
By Alexandra Ulmer | QUITO, Ecuador QUITO, Ecuador The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation’s vast oil wealth. The reversal on Saturday came after political leaders worldwide and street protestors at home accused the pro-government court of effectively making Maduro […]
The dominance of GitHub in the project hosting and code sharing space has claimed another victim, with Microsoft announcing plans to shut down its CodePlex site following a period of decreasing use. According to the plan posted by Microsoft vice president for Cloud Developer Services Brian Harry, the creation of new CodePlex projects has already ended, with the site to become read-only during October, followed by its […]
TOKYO Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early trade while Japan’s Nikkei .N225 rose 0.1 percent. Ex-Japan Asia MSCI had gained 12.3 percent in the last […]
DUBAI // Retailers are bracing for a rush on big-ticket items including cars, electronics and jewellery before the value-added tax is brought in next year. Shoppers are expected to make major purchases earlier to beat the 5 per cent goods and services tax that will be introduced across the GCC next January. At a car show room on Sheikh Zayed Road in Dubai, Abu Razak, 44, a […]
Some of the region’s leading female filmmaking talent gathered at the film and TV industry trade show Cabsat at Dubai World Trade Centre last week to talk about their careers and the challenges they face. They were assembled by Japanese camera manufacturer Canon to help promote the local launch of its new C700 cinecamera. Encouragingly, none of those we spoke to felt they had been passed over […]
The number of lease renewals at reduced rents is three times higher in Dubai than it was at the bottom of the last market trough in 2012, according to the managing director of CBRE Middle East. Preliminary findings from CBRE research expected to be published in May indicates that landlords are increasingly flexible on lease renewal terms as they seek to retain existing tenants rather than risk […]
Image: Kharnagy I’ve never seen a topic in IT become so popular, so fast, while so many people in the field still have only a vague idea of what it is and how it can help them. DevOps promises that it will change the way businesses run their technology stack–shedding old ways of operating that were once efficient, but are now holding back the enterprise. When you […]
NEW YORK Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S sedan and about 11,550 were Model X sports utility vehicle. Tesla has said it expects […]
The Roads and Transport Authority (RTA) on Sunday said 700 more taxis will get interactive screens and offer free Wi-Fi to passengers. The second phase takes the total number of cabs to 1,314, which is equivalent to 26 percent of Dubai Taxi Corporation’s (DTC) total fleet. Dr Yousef Mohammed Al Ali, chief executive officer, DTC, said that adding 700 taxis under phase II further promotes the transport […]
It has been a busy few months for Dubai filmmaker Kirill Kripak. In November, he won the Best Film award at the Dubai 48-Hour Film Project for his horror short Shah Mat, which he co-wrote and directed with Razan Takesh. He received the award in December at the Dubai International Film Festival, where he also placed third in the Samsung Short Film Competition with Once Upon a […]
Huaqiangbei electronics market in downtown Shenzhen is a gadget geek’s paradise, selling everything from individual semiconductor chips to roll-up drum kits to hoverboards. For some, it is also the culprit for the declining fortunes of US wearable tech companies such as GoPro and Fitbit. “[Their] problem essentially is Shenzhen,” says Richard Windsor, founder of independent research company Radio Free Mobile. “It makes much cheaper cameras that are […]
Britain has apologised after an egg was thrown at a Saudi military official during a visit to London, Saudi state media said Sunday. An anti-war activist last week attempted a citizen’s arrest of General Ahmed Assiri, spokesman for the Saudi-led Gulf coalition fighting rebels in Yemen, before another threw an egg that hit Assiri in the back. British Foreign Secretary Boris Johnson called Deputy Crown Prince Mohammed […]
BEIRUT An Iranian-American detained in Iran since last summer has been released on bail of approximately $60,000, the Human Rights Activists News Agency (HRANA) reported Sunday. Robin Reza Shahini was arrested by the Revolutionary Guards while visiting family in the northeastern city of Gorgan last July and subsequently sentenced to 18 years imprisonment on charges of threatening national security, according to HRANA. Shahini went on a hunger […]
ABS-CBN News Samal Bridge, Mindanao rail named prioritiesBusinessWorld Online EditionDAVAO CITY — Budget Secretary Benjamin E. Diokno identified the priority projects in Mindanao that are planned for construction starting this year or early 2018, including the Davao-Samal Bridge and the Mindanao Railway System. Fishing boats on the …Summer adventure awaits tourists in SamalABS-CBN News all 2 news articles » (via Google News)
