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Your daily guide to community and cultural activities across the Emirates for February 15, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Film screening Sign […]

After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]

SK Telecom, Deutsche Telekom, and Ericsson have demonstrated an intercontinental 5G trial network that will allow roaming services for the upcoming next-generation network. The South Korean telco and its German counterpart’s network slices are now available in each other’s footprint, the companies said. The successful demonstration was hosted at Deutsche Telekom’s R&D center in Bonn, Germany and SK Telecom’s at Yeongjongdo, where it also tested 5G connected […]

Matt Kiser worked in news for many years, and now he works as a product manager at an algorithm startup in Seattle. But every day, Matt spends upwards of six hours working by hand on his single-subject blog, which launched in January. Starting a new project to track what the fuck just happened today. https://t.co/p64yr6BKJ3 — Matt Kiser (@Matt_Kiser) January 29, 2017 Single subject, distinct tone, clear […]

The Dubai Land Department and Nasdaq Dubai have signed a Memorandum of Understanding (MoU) that will help real estate companies that are considering listing on the stock exchange. The MoU will see the two entities collaborate in order to facilitate the listing of companies that are active in the real estate sector as well as real estate-related asset classes. The agreement also includes a provision to streamline […]

TOKYO Shares in Toshiba Corp (6502.T) tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. Scrambling for capital, Toshiba said it would consider selling most, even all, of its stake in the chips business – a decision that has investors questioning […]

DUBAI // Reem bint Ebrahim Al Hashimy, UAE Minister of State for International Cooperation, used the last day of the World Government Summit to announce the formation of a National Committee on Sustainable Development Goals. In a session titled Collaboration to Achieving SDGs, the minister affirmed the UAE’s commitment to sustainable development and revitalised global partnerships by launching the committee and confirming the UAE will play host […]

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When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]

Saudi Arabia is to host its first ever Comic Con as the Gulf kingdom aims to expand its offering of entertainment events. Supported by the recently-formed General Entertainment Authority, Comic Con will take place in Jeddah later this week. The authority is a government-sanctioned body borne out of Saudi Arabia’s Vision 2030 program and will partner with both government bodies and the private sector to grow the […]

By Manolo Serapio Jr | SANTA CRUZ, Philippines SANTA CRUZ, Philippines His brother kept telling him that the mine would reopen and he would be hired again: but when Winston Ordonez didn’t get a call from a mining firm, he took a laptop charger cable, tied it around his neck and hanged himself in his kitchen. Ordonez worked at the nickel mine operated by Eramen Minerals Inc […]

An arrest warrant for Samsung boss Lee Jae-yong has been filed for a second time by special prosecutors investigating the Korean political scandal involving the country’s president. Investigators grilled Lee, the de facto boss of the entire Samsung business group, on Monday for 15 hours as a suspect. The court will review the filing Friday and decide whether to arrest him pending trial. He faces bribery charges […]

Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. The Dow Jones Industrial Average .DJI rose 91.43 points, or 0.45 percent, to 20,503.59, the S&P 500 .SPX gained 9.21 points, or 0.40 percent, to 2,337.46 and the Nasdaq Composite .IXIC added 18.62 points, or […]

Applications for Islamic car loans in the UAE grew significantly in 2016, with Islamic auto loan products occupying three of the top five spots on the year’s most-applied-for list, according to new data. compareit4me.com, the Middle East financial comparison site, said the number of users applying for Islamic car loans increased by 64.7 percent in 2016 compared to the previous year. Data gleaned from the company’s car […]

14 February 2017 Infinite – IT Solutions has become a member of the Middle East Council of Shopping Centres (MECSC), a vibrant community of retail professionals dedicated to promote and develop the shopping industry across the Middle East. Infinite decided to join MECSC to actively participate in this professional forum for exchange of ideas and share its technological expertise gathered while deploying integrated IT solutions for companies […]

By Steve Holland and Richard Cowan | WASHINGTON WASHINGTON U.S. President Donald Trump knew for weeks that national security adviser Michael Flynn had misled the White House about his contacts with Russia but did not immediately force him out, an administration spokesman said on Tuesday. Trump was informed in late January that Flynn had not told Vice President Mike Pence the whole truth about conversations he had […]

Higher revenues in its domestic market enabled United Arab Emirates-based telecommunications operator Etisalat to report a slightly higher profit on Tuesday. Etisalat said UAE revenues rose by 5.5 percent due to strong data services and use of broadband solutions, while its Moroccan affiliate Maroc Telecom also performed well as overall group revenues rose 2 percent to 52.36 billion dirhams. Net profit attributable to equity holders climbed 1.9 […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products, but a strong dollar continued to keep underlying inflation at the factory gate tame. Rising raw material costs are boosting producer prices across the globe, notably in China, which is the biggest source of U.S. imports. But economists still […]

The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Tuesday announced the Mars 2117 project which aims to build a miniature city on the Red Planet within 100 years. Sheikh Mohammed, also Vice President and Prime Minister of the UAE, said the UAE was currently among the world’s top nine investors in space science. In a series of tweets accompanied by photos of what it describes as […]

The Business Roundtable indeed “appears to have significantly softened its stance on disclosure of political activity,” said John Wonderlich, executive director of the nonprofit Sunlight Foundation, which advocates for political transparency. The apparent shift, he said, “reflects a growing judgement that secret political spending violates our political norms and can create liabilities for businesses and their brands.” But David Keating, president of the nonprofit Center for Competitive […]

By Clare Baldwin and Andrew R.C. Marshall | MANILA MANILA Before Rodrigo Duterte’s bloody war on drugs had even begun, allies of the Philippines president were quietly preparing for a wider offensive. On June 30, as Duterte was sworn in, they introduced a bill into the Philippine Congress that could allow children as young as nine to be targeted in a crackdown that has since claimed more […]

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. The Tuesday morning news shows were dominated by word that Michael Flynn is out as national security adviser. “Stunning” was the call by the Trump home team at “Fox & Friends.” It proceeded to quote its usual media pinatas in […]

By Pamela Barbaglia and Edward Taylor | LONDON/FRANKFURT LONDON/FRANKFURT PSA Group (PEUP.PA) is holding talks with General Motors (GM.N) about buying its European Opel division, the French carmaker said on Tuesday, a deal which would increase competition for market leader Volkswagen (VOWG_p.DE). The maker of Peugeot, Citroen and DS cars is “exploring a number of strategic initiatives with GM with the aim of increasing its profitability and […]

Call me old-fashioned, but I always prefer phone calls over texts. They somehow have a different level of connection when it comes to communication. You can actually tell if the person you’re talking to is excited, happy, sad or even bored with what you’re saying. And yet this may be the exact reason why people dislike phone calls these days – the fear of people’s reactions. There’s […]

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