Europe became the main target for cross-border dealmaking in the first quarter of 2017, as US companies rode a Donald Trump-fuelled equity rally to hunt for bargains across the Atlantic. Mergers and acquisitions in Europe hit $215.3bn in the quarter, up 16 per cent compared to the same period a year ago. That marks the strongest start to the year for deals in the region since 2008, […]
The sleep revolution is not going to stop at the U.S. border. Now a few months out from its November debut, Arianna Huffington’s wellness startup, Thrive Global, is hiring additional journalists and preparing to expand to Italy, India and Eastern Europe. The expansions, joint ventures with Gruppo Espresso, The Times of India and The Antenna Group, respectively, fit into a strategy to “chronicle the culture shift around […]
Etihad Airways will offer free Wi-Fi and iPads to its first and business class passengers on all its US-bound flights from Abu Dhabi from April 2. The service comes in response to the US government’s ban on large electronic devices in airline cabins, which came into effect last Saturday. It affects US-bound flights from Jordan, Egypt, Turkey, Saudi Arabia, Morocco, Qatar, Kuwait and the UAE. All the […]
SEOUL A South Korean court began deliberating on Thursday whether to arrest ousted president Park Geun-hye, who was removed from office in a corruption scandal involving charges she solicited bribes from the country’s largest conglomerate. Park could become South Korea’s third former leader to be jailed for wrongdoing. She is accused of colluding with a friend, Choi Soon-sil, to pressure big businesses to contribute to foundations set […]
Bank of Queensland (BoQ) has announced its results for the first half of the 2017 financial year, reporting a 6 percent year-on-year drop in statutory net profit after tax to AU$161 million. Interim cash earnings after tax for the six-month period came in at AU$175 million, down 2 percent on the prior corresponding period. For the six months to February 28, 2017, BoQ reported AU$252 million in […]
TOKYO Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index .N225 was down 0.2 percent, while […]
Authored by Brandon Smith via Alt-Market.com, The general public truly lives in two separate worlds. We have the world of the mainstream media, popular culture and political rhetoric; a world which constantly and desperately seeks to twist or destroy any legitimate measure of reality, leading people into a frenzied fog. Then, we have the world of concrete facts; an ugly, brutal world that upsets many people […]
● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]
The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]
Oman is most likely to face a “forced currency devaluation” in coming years due weak oil prices and low financial buffers, according to a new report. In its report issued on Wednesday, BMI Research, a Fitch Group Company, said that the “probability of such a move is rising.” Oman’s crude oil price have declined to $45.9 per barrel driven by weakness in global energy markets since early-2017, […]
By Se Young Lee and Anjali Athavaley | SEOUL/NEW YORK – SEOUL/NEW YORK – Samsung Electronics Co Ltd (005930.KS) unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc (AAPL.O) after the embarrassing withdrawal of the fire-prone Note 7s. Boasting some of the largest wrap-around screens ever made, the long-awaited S8 is the South Korean technology company’s first […]
In this Wednesday, Oct. 26, 2016, file photo, Terry Myerson, Microsoft’s executive vice president of the Windows and Devices Group, discusses a Windows 10 update at a Microsoft media event in New York. The major update to Microsoft’s Windows 10 system will start reaching consumers and businesses on April 11, 2017. New features in the “Creators Update” include 3-D drawing tools, game-broadcasting capabilities and the ability to […]
Akamai Technologies has snapped up Soasta, makers of application testing and performance analytics software. Specific terms of the all-cash deal were not disclosed. Based in Mountain View, California, Soasta’s flagship product is called CloudTest and it has previously counted brands like Apple, Target, Nordstrom, Home Depot and Walmart as customers. The startup raised $30 million in funding in March 2016. Akamai said it plans to integrate Soasta’s […]
Healthy food app Plotos has launched in Dubai in order to re-educate the nation’s diners and tackle the UAE’s growing obesity crisis, according to nutrition consultancy KeepEATreal and tech firm Eniverse Technologies, which have partnered to create the app. User-friendly and informative, it offers customers nine different nutrition programs, designed by experts at KeepEATreal, to tailor to the needs of busy UAE residents and focus on dietary […]
Born in Sheffield, British chef Jason Atherton ran away from home at 16 to pursue a life in food. Early in his career, he trained with chefs such as Pierre Koffmann and Marco Pierre White. In 2001, he joined the Gordon Ramsay group and opened Ramsay’s restaurant Verre at the Hilton Dubai Creek. He returned to the UK in 2005 to open another Ramsay restaurant, but by […]
Hedge fund managers may be criticised for their recent returns but they have consistently displayed a razor sharp sense of timing when it comes to picking when to sell their own businesses. When Och-Ziff, the New York-based hedge fund founded by the former Goldman Sachs trader Daniel Och, decided to sell equity to the public markets it did so near the top of the market in late […]
29 March 2017 Under the patronage of H.E. Sheikh Al Fadhil Bin Mohammed Al Harthy, Secretary General of the Council of Ministers, the first edition of Smart Cities Summit was launched on Tuesday at Oman Convention and Exhibition Center in the presence of a number of excellences, high officials and diplomats. The summit was attended by delegations from Dubai, Qatar, The Republic of Korea, KSA, USA, Belgium, […]
British and US bans on laptops and tablet computers in flight cabins are not sustainable in the long term, the head of the association representing airlines said Tuesday. “The current measures are not acceptable as a long-term solution to whatever threat they are trying to mitigate,” said Alexandre de Juniac, director general of the International Air Transport Association. “Even in the short term, it is difficult to […]
By Caroline Valetkevitch | NEW YORK NEW YORK A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end. The run up since the Nov. 8 U.S. election has left the S&P 500 .SPX at levels many consider […]
A wonderful skyscraper is getting ready and will hang like a fruit above the Earth. Analemma Tower, proposed to be the world’s tallest building, will be a marvel in motion, as it comes pointing to Earth. Its residents will be going over a world tour above the world’s top cities at an altitude of more than 30, 000 miles. What makes the skyscraper so special is that it […]
In a country that is becoming increasingly modern and globalised, there is a renewed focus on what it means to be Emirati and what can be done to preserve local heritage. This weekend, the courtyard of Al Ain Palace will be transformed into a traditional market, with food stalls and demonstrations of traditional medicine practices, such as hijama and tajbeer splinting, for the campaign “My Heritage, My […]
Samsung launched its new Galaxy S8 smartphone with a bombastic event in New York, promising a “new beginning” for mobile handset design as well as for the Korean company amid a series of corporate crises. The Galaxy S8’s signature feature is a new “infinity display” which wraps around the edges of the device to give a larger screen in a smaller body. Claiming the biggest design breakthrough […]
Bank supports initiative by enabling the installation of Qindeel’s book collection kiosks at branches 29 March 2017 Dubai – Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has partnered with Qindeel Printing, Publishing, and Distribution, a subsidiary of the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), to promote literacy inclusion worldwide. The partnership follows the announcement of March as the dedicated month […]
Dubai is likely to unveil new rent regulations by June, which will reduce the number of landlord-tenant disputes as well as stabilise the emirate’s rental market, sources familiar with the matter told Arabian Business. While the exact details of the draft law were not disclosed, sources confirmed the draft is ready and will soon be sent to the emirate’s Legislative Council for review and discussion. “It will […]
