logo

News related to
business

Manuel Valls sought to make up lost ground in the race for France’s Socialist presidential nomination by attacking frontrunner Benoît Hamon’s “illusory” economic proposals and “ambiguous” stance towards radical Islam. In a primetime television debate four days before the party’s primary run-off, the former French prime minister challenged his rival’s claim that automation would destroy jobs, leaving individuals with fewer work opportunities. Mr Valls criticised Mr Hamon’s […]

It is difficult to understand why Donald Trump’s campaign promise to “make America great again” resounded so deeply with so many. True, the threat of terrorism, rising inequality and job-killing digitalisation have been breeding anxiety for some time. However, on most metrics the US economy has been doing just fine and certainly better than Europe. While the median US household’s real income still stands below peak of […]

Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, is targeting loan growth of between 10 and 15 percent in 2017 after reporting an estimate-beating 58.4 percent rise in fourth-quarter 2016 net profit. Aiming to pave the way for the bank’s next stage of growth, it also said it would seek shareholder approval next month to raise Tier 1 issued capital by $1 billion, as […]

China is progressing well and stands on the same starting point as other economic powers in the quantum computing arena, but local organisations still fall behind their western counterparts in research experience. China in recent years had begun investing in quantum technology, initiating several national projects in quantum communications and computation. And it seemed likely to continue its investment in future, said Andrew Yao, a Turing Award […]

By David Brunnstrom | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday nominated Philip Bilden, a former military intelligence officer and private equity executive with broad experience of Asia, particularly China, as the civilian head of the U.S. Navy. Trump has vowed to build up the U.S. Navy to 350 ships from the current 290, a move aides say is aimed at countering China’s rapid rise as […]

  Dubai, January 25, 2017 SAMENA Telecommunications Council, the tri-regional, non-profit telecommunications industry association that embodies a community of South Asian, Middle Eastern, and North African telecoms operators, manufacturers, and specialist ICT firms, moderated a regulatory roundtable on spectrum management at the 3rd Annual MENA Spectrum Management Conference held in Dubai on 24 – 25 January. The conference, which was hosted by Telecommunications Regulatory Authority (TRA) in […]

PARIS Hardline French Socialist Benoit Hamon was seen as more convincing in a television debate on Wednesday with ex-Prime Minister Manuel Valls ahead of a runoff vote at the weekend to pick the party’s presidential candidate, an Elabe poll showed. The survey, conducted for BFM TV shortly after the debate was over, found 60 percent of those polled found Hamon more convincing compared with 37 percent for […]

Advertisements

United Arab Emirates-based military vehicles maker NIMR Automotive is teaming up with Czech state defence equipment company VOP CZ to try to break into European markets in the coming years, the head of NIMR said in an interview. NIMR, a subsidiary of state-owned Emirates Defence Industries Company (EDIC) and a leading military vehicles manufacturer in the Middle East, is on a push to expand its global reach […]

AT&T Inc (T.N), the No. 2 U.S. wireless carrier, reported quarterly results that matched analysts’ estimates, as it added more smartphone customers in a saturated wireless market, and said it was confident its deal to buy Time Warner Inc (TWX.N) would be approved. Thirteen Democratic senators on Wednesday asked AT&T to explain how its planned $85.4 billion takeover of Time Warner is in the public interest. In […]

Writing today in The National, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Narendra Modi, India’s prime minister, pledge new and enhanced cooperation on defence, trade, investment, food security, renewable energy and space research: India and the UAE are linked by our common desire to build a resilient modern strategic partnership. This desire has become more manifest […]

Your daily guide to community and cultural activities across the Emirates for January 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Al Ain Cultural event Attend an Evening at the Oasis as part of the Visit Al Ain annual programme of cultural activities and events. Celebrate the city’s past and vision for the future during […]

Dennis Muilenburg, chief executive of Boeing, welcomed Donald Trump’s habit of individually targeting companies like the US aerospace and defence manufacturer for criticism via Twitter, praising the new president for “directly engaging” with corporate America.  Rather than feeling bullied, Mr Muilenburg was effusive in his praise of the president’s social media strategy, as well as his economic plans including tax reform, saying he was giving business a […]

A few days before President Trump’s inauguration, MuckRock opened up a Slack channel to help journalists better cover him and his administration. As of Wednesday, 250 people signed up. Most are journalists, about half from national newsrooms and half from local newsrooms around the country. “Anytime we have a new administration, there’s turnover and there are changes,” said Michael Morisy, MuckRock’s co-founder. “I always think it’s important […]

The preparations for Dubai’s first permanent stage show are underway, with 65 performers and 70 technicians flying into the city. Acrobats, dancers, strongmen and contortionists are said to be training for twelve hours each day for the show, in practice areas in both Studio City and Habtoor gyms. Construction on the custom-built theatre at Al Habtoor City is almost complete, with a bulk of the stage and […]

Earlier today, the New York Times published a 3-page draft of an executive order, allegedly penned by the Trump administration, entitled “Detention and Interrogation of Enemy Combatants.”  According to the NYT, which “obtained” the document from an anonymous source, the executive order seeks to, among other things, reopen overseas CIA “black site” prisons that Obama ordered closed in 2009.  More specifically, the draft order would revoke two […]

The growth in computing power and battery life for phones and tablets has left traditional PCs and desktops searching for an identity. This has forced manufacturers to reexamine the form, functionality, and purpose of PCs overall and desktops in particular. If a tablet can do what once required the power of larger systems, do desktops even have a place in the market? PC sales continue […]

The Dow Jones Industrial Average marched higher after hitting 20,000 for the first time on Wednesday as strong earnings and President Donald Trump’s pro-growth initiatives reignited a post-election rally. Trump has made several business-friendly decisions since taking office on Friday, including signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines. The S&P 500 and the […]

Dell is expanding its education options and now it’s offering more choices: its latest education laptops can now run either Windows 10 or Chrome OS. This week brought a number of affordable laptops and hybrids specifically designed for classroom use and a number of offers from both Google and Microsoft hold great potential. Dell is not playing favorites and its new education laptops are ready to go both […]

More details have been released about the centrepiece of the AED1.1 billion ($300 million) Cityland Mall, which will be built in Dubai as the world’s first nature-inspired shopping complex. Central Park, the 200,000 sq ft open-air garden which will form the core of the mall, will feature an array of attractions such as a mini version of Miracle Garden, a children’s water park, a 300-year old ancient […]

Tribune Media CEO Peter Liguori is leaving Tribune Media after three years leading the TV news and entertainment company. Liguori, who will step down in March, said in a statement his decision to exit the company that needed “a new leader” to navigate the broadcast-centric corporation. Tribune Media — then known as Tribune Company — spun off its newspapers into a separate company, Tribune Publishing, in 2014. Its […]

NEW YORK New York prosecutors have dropped charges that Lapo Elkann, grandson of late Fiat patriarch Gianni Agnelli, falsely reported that he had been kidnapped in November in an effort to get ransom money, the prosecutors’ office said on Wednesday. The Manhattan District Attorney’s Office said it had declined to prosecute the case but provided no further details. (Reporting by David Ingram and Nate Raymond; Editing by […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

Abu Dhabi will be the host of the 2019 Special Olympics World Games, the world’s largest humanitarian and sporting event – the first time the event has been held in the Middle East. The games will take place in venues throughout Abu Dhabi from March 14-21 2019, state news agency WAM reported on Tuesday. The Special Olympic World Games celebrate the skills, talents and sporting achievements of […]

LAGOS General Electric Co (GE.N) has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities. GE’s plan and similar promises from companies like Italy’s Eni (ENI.MI) to work with Nigeria to rehabilitate the country’s three oil refineries could help the government as it tries to reduce costly imported oil products. The work was raised during a meeting […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
ADNEC Abu Dhabi secures regional MICE venue honour // Herzog selects Eisenkot for Israeli coalition negotiations // Dubai activates six-lane Al Khaleej Street tunnel // Democratic Congress threatens Trump-era cryptocurrency policy gains // Wall Street’s AI Reckoning Offers India A New Opening // Paraguay court detains impeached Peña over bank collapse // Vijayan accuses CM of being evasive // Binance appoints Justin Yek as finance chief after theft // DEWA and Dell pursue stronger digital utility infrastructure // X’mas bumper lottery prize money raised to ₹25 crore // Hyperliquid Strategies pursues US futures registration through subsidiary // Ghantoot clinches Pink Polo Cup as screenings draw crowds // Burnham pledges British solidarity after deadly Krakow shooting // Freeze on new bar licences // Alphabet’s Malaysia investment sharpens focus on AI spending // BJP’s Counter Rallies To “Expose” Rahul Gandhi, Reveals The Weakness Of The Party // Greens back Sreedharan plan // Tesla schedules Cybertruck production wind-down for mid-2027 // UAE forecast to lead solar output per person // Satheesan resists Anil as new state Cong chief //