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Scientists at the University of Southern California are mastering the coordinated flight of ‘flocks’ of drones. Source link

22 February 2017 Al Maha Arjaan by Rotana is pleased to announce the appointment of Nadim El Zyr as General Manager of the hotel. Born and raised in a legacy of hoteliers, he spans a career of over 15 years in the hospitality industry and brings an assortment of rich experience. In his new role he will provide strategic leadership that ensures effective and efficient management of […]

Telstra has sold its remaining 6.5 percent stake in Chinese online company Autohome to Chinese insurer Ping An Insurance Group for $29.30 per share, for a total of $217 million (AU$282 million). “The divestment reflects Ping An is now well established as a strategic partner for Autohome,” Telstra said in a statement to the Australian Securities Exchange (ASX) on Thursday morning. “As a result of the sale, […]

The original Sass was founded in 1993, by father and son team Sassa & Samy Sass. The original location in Monaco combined upscale atmosphere with the cosy décor of a family-friendly café. Catering to a jet-setter crowd, it seems only right that it’s international expansion start in Dubai’s glitzy financial centre. Despite the name, Sass is by no means a café. Instead, it is more akin to […]

Tesla Inc (TSLA.O) posted a smaller quarterly loss and said its mass-market Model 3 sedan was on track for volume production by September. The electric car maker said it expected to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of 2017. The company said it planned to invest between $2 billion and $2.5 billion in capital expenditures ahead of the […]

Revealed: 6 money making apps in the UAE Source link

Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]

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By Simon Jessop and Pamela Barbaglia | LONDON LONDON Unilever (ULVR.L) sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s (KHC.O) $143 billion bid, with the promise of a swift, far-reaching review. This should be completed by early April and could lead to asset sales and cost cuts, a source close to the Anglo-Dutch company said only days after it roundly […]

Unilever has promised to boost profits and conduct a root-and-branch review of its business that could lead to asset sales just days after an aborted $143bn takeover approach from Kraft Heinz, the US food group backed by 3G Capital and Warren Buffett. Unilever is under pressure to speed up returns to shareholders following the bid from Kraft Heinz, which has raised questions about the consumer products group’s […]

Apple typically drops the price on the previous iPhone $100 or so while other manufacturers may offer even bigger discounts. And now T-Mobile is currently offering the LG V20, Samsung Galaxy S7, and Samsung Galaxy S7 Edge at a massive discount, for just $360. The LG V20 is normally priced at $769.99, the S7 at $673.99, and the S7 Edge at $779.99. I was just considering a […]

Politics & Economics Marine Le Pen’s visit to Lebanon has ended in controversy. The French far-right presidential hopeful left a meeting with the country’s top Sunni Muslim religious leader after refusing to wear a headscarf. (Source: Al Jazeera English YouTube channel) Source link

By Yashaswini Swamynathan U.S. stocks looked set to open little changed on Wednesday as investors awaited the minutes of the Federal Reserve’s most recent policy meeting for clues on the timing of the next interest rate hike. The Fed will release the minutes of its Jan. 31-Feb. 1 meeting at 2:00 p.m. ET (1900 GMT). Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility […]

The global Panama Papers investigation is based on the unprecedented leak of confidential information from Panamanian law firm Mossack Fonseca.  (Arnulfo Franco / THE ASSOCIATED PRESS FILE PHOTO)   In Brisbane and Ankara, Harare and Quito, Berlin and New York, the Panama Papers investigation into tax haven abuses has been recognized with some of the most prestigious journalistic accolades on the planet. The International Consortium of Investigative Journalists, which […]

Political uncertainty is slowing trade growth, a World Bank report has concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy. Major international institutions such as the IMF, the OECD and World Bank have recently upgraded their forecasts of global economic growth largely due to expectations that tax cuts, rising infrastructure spending and a wave of deregulation will boost the […]

Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]

Dubai, United Arab Emirates, February 22, 2017-(ME NewsWire) Concourse D marks its first anniversary on February 24 following a successful inaugural year that saw over 16.6 million passengers enjoy its customer-friendly design and top-flight retail and food and beverage offering. Concourse D, which represents the final major piece of infrastructure to be built at DXB as part of the $7.8 billion Strategic Plan 2020 programme, was a […]

In pictures: Abu Dhabi club Al-Wahda beaten by Qatar's Al-Rayyan Source link

I’m an innovation evangelist with SAP. Each year, I present at about 50 conferences around the world, talking to business and IT audiences about the impact of the latest technologies. I’ve been doing this for a long time, but I’ve recently noticed a change. When I talk about topics such as analytics and big data, audiences are clearly looking for lessons learned that they can apply to […]

In pictures: Rain delays day three of Dubai Duty Free Tennis Championship Source link

By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]

Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]

Despite suggestions to the contrary, the demand for luxury products and services was continuously rising in the UAE in 2016, albeit at a slower pace. This proves that there is a growth of wealthy and ultra-rich consumers; key potential customers of the luxury segment, which is a contributing factor in the growth of the luxury market. Not only that but demand for luxury is steadily increasing here […]

Vocus Communications has announced its financial results for the first half of FY17, revealing a net profit of AU$47.2 million, up from AU$24.2 million a year previous due to its acquisitions of M2 and Nextgen. Statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) were AU$168.3 million, up from AU$60.7 million a year previous, while underlying EBITDA — excluding acquisition, integration, and other costs — was AU$187.2 […]

Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]

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