Emirati investments in the industrial sector amounted to AED112 billion ($30.4 billion) in 2016, accounting for 86 percent of the total investments, according to UAE Minister of Economy Sultan bin Saeed Al Mansouri has said. The minister told Arabic language daily, Al Ittihad, that the total investments in the country’s industrial sector rose to AED130 billion by the end of 2016. Foreign investments in the sector were […]
By Toby Sterling and Joshua Franklin | AMSTERDAM/ZURICH AMSTERDAM/ZURICH Swiss bank Credit Suisse (CSGN.S) has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on […]
Dubai, UAE, Singapore, March 31, 2017 Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]
The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]
Verizon said on Friday it would reorganize its operating structure to focus on three core business areas: media and telematics, network and technology, and customer and product operations. The telecom giant has also hired former Ericsson CEO Hans Vestberg to lead its new network and technology team. Vestberg will focus on further developing Verizon’s fiber network infrastructure. He will initially be based in Sweden, and is expected […]
Boxing legend Manny Pacquiao is back in talks for a possible fight with unbeaten Australian Jeff Horn, the Filipino world champion’s adviser said Friday. The announcement follows the much-publicised collapse of a $38 million bout between Pacquiao and Britain’s Amir Khan, reportedly after investors in the United Arab Emirates failed to come up with the money. “We are discussing the matter with (US promoter Bob) Arum,” Pacquiao’s […]
DuPont (DD.N) said on Friday it would buy a unit of FMC Corp (FMC.N) and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical (DOW.N), and delayed the deal’s closing again. DuPont said its $130 billion merger with Dow Chemical, which was expected to close in the first half of 2017, is now anticipated to close between […]
Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Dubai, 31 March 2017 The state of Madhya Pradesh, often called the heart of India is participating at the Annual Investment Meeting (AIM) which will be held in Dubai from 2nd – 4th April 2017 at Dubai […]
The UAE’s healthcare market is set to surge to more than AED103 billion ($28 billion) by 2021 – reperesenting 60 percent growth over the next five years, according to a report. Expected improvements in the quality of healthcare provision, together with rising demand for preventative care and digital medical services will help to fuel massive growth of the industry, the study by MENA Research Partners (MRP) said. […]
With Adam Rawnsley Looking for a deal. Michael Flynn, President Donald Trump’s former national security adviser, has offered to be interviewed by the FBI and House and Senate investigators examining the Trump campaign’s potential ties to Russia, in exchange for immunity from prosecution, “but has so far found no takers,” according to the Wall Street Journal. In a statement on Thursday evening, Flynn’s lawyer Robert Kelner, […]
By Robin Emmott and Alastair Macdonald | VALLETTA/BRUSSELS VALLETTA/BRUSSELS The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit. Those include paying tens of billions of euros and giving residence rights to some 3 million EU citizens in Britain, the proposed […]
LONDON Volkswagen (VOWG_p.DE) said it has so far fixed fewer than half of the 1.2 million cars affected by the diesel emissions scandal in Britain, 18 months after the revelations first came to light. The German carmaker admitted in September 2015 to using software to cheat diesel emission tests in the United States and has since paid out compensation to U.S. motorists but has refused to do […]
Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]
Government led investment is driving a surge in domestic tourism across Saudi Arabia – with experts predicting a 40 percent surge in the number of internal trips made between 2015 and 2020. The Euromonitor International Tourism Forecast report, prepared ahead of The Hotel Show Saudi Arabia 2017, has revealed record levels of domestic travel within the kingdom. Following the announcement of Saudi Vision 2030 – the country’s […]
President Jacob Zuma has sacked Pravin Gordhan, his finance minister, and eight other cabinet members, threatening turmoil for South Africa’s fragile economy and setting the stage for the biggest crisis yet for the ruling African National Congress under his leadership. Mr Zuma’s decision to fire Mr Gordhan as part of a late-night cabinet reshuffle sent the rand down 2 per cent on Friday, taking the currency’s decline […]
By Praveen Menon and James Pearson | KUALA LUMPUR KUALA LUMPUR Three North Koreans wanted for questioning in the murder of Kim Jong Nam, the estranged half-brother of their country’s leader were believed to be returning home with the coffin of the victim on Friday after Malaysia agreed a swap deal with the reclusive state. Photographs obtained by Reuters from Japan’s Kyodo news agency show Hyon Kwang […]
One of the few regrets of Vint Cerf, who is often referred to as the ‘father of the Internet’, is the fact that encryption using public cryptography was not baked in the original ARPANET design. While the early Internet was meant to meet a number of requirements such as resilience and openness, encryption was not one of them. Some of this was because of the high cost […]
Any sufficiently advanced parody is indistinguishable from reality. That’s an extreme paraphrase of Poe’s Law, but it applies to so much of our world today. Including the management of Twitter. On Thursday, Twitter announced more changes to the way it works. Soon after, an image started circulating which supposedly explained these changes. And it was so confusing. “Replies now part of Timeline. Timeline and TimelLine are now […]
Transport A passenger plane has caught fire on landing at an airport near the town of Jauja in central Peru. Remarkably no injuries have been reported. All 141 people on board were evacuated safely. Witnesses said the the Boeing 737 which had taken off in Lima drove off the runway after swerving for no apparent reason. The fire may have been started when the wing scraped the […]
ISTANBUL Turkish state-run lender Halkbank’s operations and transactions fully comply with national and international regulations, it said in a statement regarding the arrest of its deputy general manager Mehmet Hakan Atilla in the United States. Atilla was charged on Tuesday with participating in a multi-year scheme to violate sanctions against Iran and conspiring with Turkish-Iranian gold trader Reza Zarrab, who is already on trial in a case […]
China’s factories stopped losing jobs in March for the first time in nearly five years as manufacturing activity grew at the fastest pace since 2012, according to an official gauge of the sector. The official purchasing managers’ index for China’s manufacturing sector came in at 51.8 in March, climbing further above the 50-point mark separating growth from contraction. But the biggest turnround came from a sub-index tracking […]
Australia’s National Broadband Network (NBN) will be outdated before the rollout is even complete thanks to the company using fibre-to-the-node (FttN) network technology, according to the Australian Capital Territory government. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the ACT government said NBN should be deploying fibre-to-the-premises (FttP) infrastructure, pointing out that this is the preferred technology in New Zealand, France, […]
Facebook is releasing new a set of camera features to take on Snapchat. Source link
Future of manufacturing requires strong SME sector, HE Saif Al Hajeri tells delegates Daylight Programme has positive impact on females working in manufacturing sector Partnership with universities has helped develop technologies which UAE can export Abu Dhabi, UAE, March 30, 2017 HE Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the […]
