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Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]

About 40 percent of new hotel supply expected in Riyadh during 2017 will be delayed, but pressure will remain on room rates, according to a new report by real estate consultants Colliers. Despite the softening impact of new supply on the market this year, Colliers forecast that full-year 2017 revenue per available room (RevPAR) for hoteliers in the Saudi capital will fall by 4 percent. The report […]

When Microsoft rolled out the “Windows as a Service” tagline for Windows 10, most of us assumed it was just another marketing ploy. But as we approach Windows 10’s two-year anniversary, it’s becoming apparent that there’s some substance behind the label. And for Windows power users and IT pros, the ramifications are just beginning to become apparent. Microsoft has published a handful of low-key technical articles covering […]

By Laurence Frost and David Milliken | PARIS/LONDON PARIS/LONDON The chief executive of Peugeot manufacturer PSA Group (PEUP.PA) will meet British Prime Minister Theresa May to discuss his firm’s planned acquisition of General Motors’ (GM.N) Opel and Vauxhall operations, a government spokesman said on Saturday. Both Britain and Germany fear PSA will cut jobs if the takeover goes ahead, and British politicians are particularly concerned that the […]

February 18, 2017 by: Peter C ampbell, Motor Industry Correspondent Theresa May has agreed to meet PSA chief executive Carlos Tavares to discuss the French carmaker’s proposals to buy General Motors’ European operation Opel, which includes Vauxhall. Downing St confirmed the prime minister’s involvement as talks between PSA, the owner of Peugeot and Citroen brands, and GM move towards a conclusion, which is expected in the next […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]

Emaar Properties has unveiled Harbour Gate, a new residential estate in Dubai Creek Harbour offering a “bespoke island lifestyle”. The Dubai-based builder of the Burj Khalifa, the world’s tallest structure, said a sales event for the new homes will take place on Saturday. Harbour Gate, set in the Island District, will be located close to The Tower at Dubai Creek Harbour, and will offer 491 1, 2, […]

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She and her 10-year-old son, Tíyonn, both have asthma. She sleeps with her rescue inhaler under her pillow. Tíyonn needs medication to keep his lungs working properly and struggles with congestion. He feels safer inside, figuring the air is better, but he’s never far from the trucks. They rumble past Hawkins Street School, the elementary/middle school he attends — an estimated 585 trucks a day on a […]

By Thomas Escritt | SPIJKENISSE SPIJKENISSE Geert Wilders launched his election campaign on Saturday, promising to crack down on “Moroccan scum” he said were making the streets unsafe and urging the Dutch to “regain” their country with a vote for his anti-Muslim, anti-EU Freedom Party. Wilders was surrounded by police and security guards during a walkabout in his party’s stronghold of Spijkenisse, part of the ethnically diverse […]

18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]

LONDON Britain has offered Peugeot manufacturer PSA Group (PEUP.PA) assurances on post-Brexit trade and supply chains in an attempt to protect Vauxhall car plants after a possible takeover, the Financial Times reported on Saturday. Business minister Greg Clark met French politicians and PSA executives in Paris on Thursday to discuss their plan to buy General Motors’ (GM.N) European unit, Opel, which include Vauxhall plants in Britain. The […]

Sign up to receive Authers’ Note daily by email here Donald Trump has been remarkably consistent in his first month in office. As he reminded everyone at his press conference on Thursday, he has done what he said he would do. But on the same day came one clear-cut instance where he has changed his mind — on the stock market. This is what he tweeted on Thursday. […]

Oman Air has revealed that a fake Twitter account has been set up in its named in an effort to damage its image and reputation. The national carrier said in a statement that a video clip posted by a citizen aimed at damaging Oman Air has encouraged further similar activities, including the Twitter account. It said any information or communication coming from the account, @omanairline, is “unauthorised […]

In my view right now I can see six smartphone and tablet chargers. They’re all plugged in, and there are no devices attached to them. How much power are they using? Should I unplug them? See also: Yes, you can build your own smartphone The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are […]

A Project Loon balloon for broadcasting WiFi from high altitudes is seen on display at the Airforce Museum in Christchurch, New Zealand For its next trick, an internet-beaming balloon factory spun out of Google believes it can outmaneuver the wind. In doing so, the 4-year-old “Project Loon” says it will be able to bring remote parts of the world online more quickly with a smaller fleet of […]

18 February, 2017 ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan has submitted an affidavit to the Supreme Court seized with the Panama Papers case, asking it to ignore the two Qatari letters produced by the Sharif family as evidence of their stance in the case. In the letters dated Nov 5 and Dec 22, 2016, former Qatari prime minister and foreign minister Sheikh Hamad […]

SEOUL Handcuffed and tied with white rope, the scion of one of the world’s biggest conglomerates, Samsung Group, was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell. Samsung Group chief Jay Y. Lee was arrested on Friday for his alleged role in a corruption scandal that has led to the impeachment of President Park Geun-hye. The 48-year-old […]

Soundtrack Your Brand (SYB), the brainchild of an ex-Spotify executive and the quickest growing background music company, has raised $22 million in a round of funding. The round was led by UK’s Balderton Capital and Industrifonden, which is a Nordic venture capital fund. The funding, SYB revealed will be used for the business’ worldwide expansion, as well as improving the service. The company intends to use the […]

Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]

Donald Trump has been consistent in his first month in office. As he reminded us at his press conference on Thursday, he has done what he said he would do. But one issue he has changed his mind — on the stock market. On Thursday he tweeted: “Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before […]

The average annual rent for an apartment in Dubai fell to AED114,000 ($31,000) in January, down 3 percent from the previous month, according to a new report. Real estate website Bayut also said average rents in neighbouring Abu Dhabi rose by 3 percent to AED120,000. During January, Bayut said average rental yield for all apartment types in Dubai topped out at 5.72 percent, but yields in individual […]

Nearly three-quarters of all economic crime committed in the Middle East during the past two years was committed by company employees, according to PwC’s Global Economic Crime Survey. Survey results showed that despite the region’s efforts to combat economic crime, there has been no clear indication that levels in the Middle East or globally have decreased. Economic crime remains as tough to tackle as it’s ever been, […]

Since The New York Times launched a program that allows supporters to sponsor digital student subscriptions last week, the program has already grown large enough to fund 209,000 subscriptions. Donations to the program, which began on Feb. 9, have ranged from $4 to $20,000, according to an announcement from The New York Times. More than 100 contributions came from international sponsors even though the program only serves […]

When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]

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