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 […]
Developer Omniyat has revealed plans for a new twin-tower residential project close to the new Dubai Canal, featuring a total of 343 apartments. The Sterling building will contain one-bedroom homes starting at 1,000 sq ft with two-bedrooms at 1,700 sq ft and three-bedrooms at 2,600 sq ft, Omniyat said in a statement. It added that it has appointed Sun Engineering and Contracting Company as the main contractor […]
– Top selling agents from more than 39 GCC travel companies hosted from 16-19 January 25 January 2017 Dubai, UAE – This month Dubai welcomed over 50 delegates from across the GCC in two familiarization trips including travel and tourism industry VIPs and representatives. With the GCC contributing 24% of all visitors to Dubai from January – November 2016, it continues to be a key focus for […]
On Monday, the Australian government announced that it was establishing a new Critical Infrastructure Centre (CIC), dedicated to managing the “complex and evolving national security risks” to the nation’s critical infrastructure. The CIC’s initial focus will be on the most critical assets in the electricity, water, and ports sectors, according to a joint media release from Australia’s favourite attorney-general Senator George Brandis QC and Treasurer Scott Morrison. […]
Dubai International Airport, the hub for Emirates airline, expects passenger growth to slow over the next eight years due to capacity limitations, the operator’s chief executive said on Tuesday. The world’s busiest international airport registered 7.2 percent passenger growth in 2016 to 83.6 million, operator Dubai Airports said in a statement. It is the airport’s second slowest growth rate in at least eight years, according to Reuters […]
By Andrea Shalal | BERLIN BERLIN Growing levels of perceived corruption and social inequality provided fertile ground for the rise of populist politicians in 2016, global watchdog Transparency International said on Wednesday. TI said populist leaders like U.S. President Donald Trump and French presidential candidate Marine Le Pen regularly drew links between a “corrupt elite” and the marginalisation of working people. But anti-establishment parties generally failed to […]
Wednesday 05:05 GMT Overview Major stock markets across Asia were mostly positive, buoyed by a record high for the S&P 500 in the US and by stronger prices for base metals supporting materials stocks. Hot topic The Australian dollar was the big loser among Asian currencies, down 0.5 per cent at $0.7541 against its US counterpart after inflation data for the December quarter fell short of economists’ […]
By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]
Cisco said it will acquire AppDynamics, which monitors application performance and business metrics, in a deal valued at $3.7 billion. The purchase gives Cisco more software heft and broadens its reach in analytics. AppDynamics was planning to become a public company. The combination of Cisco, a networking and data center giant, and AppDynamics isn’t that surprising. After all, AppDynamics brings a platform that can analyze application performance […]
PANAMA CITY (AFP) – Panama is suspending its probe into the Panama Papers, the leak of a legal firm’s files on clients who stored assets in opaque offshore companies, prosecutors said on Tuesday (Jan 24). The records from the Panamanian law firm Mossack Fonseca revealed the names of leaders, politicians, celebrities and wealthy individuals from around the world who used the firm to create offshore entities to […]
Authorities in the United Arab Emirates have opened an investigation into a visit by Kim Kardashian to a Dubai government children’s charity this month and suggested it undermined local values, a state-owned newspaper reported. Kardashian concluded a brief stay in the Gulf Arab emirate last weekend, shopping at the sprawling Mall of the Emirates and attending a masterclass there on makeup. However, the Emarat al-Youm newspaper quoted […]
HPE is acquiring Cloud Cruiser, the companies announced Tuesday. The terms of the deal were not immediately disclosed. Cloud Cruiser provides cloud-consumption analytics software, which HPE uses for its Flexible Capacity business. Flexible Capacity, a high-growth component of HPE’s Technology Services portfolio, allows customers to manage IT infrastructure within their own datacenter with a pay-as-you-go model. The Northern California company was founded in 2010 and counts enterprises […]
By Mitra Taj and Teresa Cespedes | LIMA LIMA A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardise its ability to pay penalties. Odebrecht is “struggling to survive” in the wake of a growing graft scandal in Latin America and wants to […]
TOKYO Shares in Japanese air bag manufacturer Takata Corp (7312.T) gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankruptcy. Takata shares were down 40 percent from a week earlier. (Reporting by Tokyo Markets Team) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var […]
Many of last year’s academy nominations prompted a backlash from a film-going world where ‘white’ is no longer the norm; in 2017 the focus has shifted and the calibre is just as high. The eyes of the world were focused on the Academy for Motion Picture Arts and Sciences on Tuesday for what were widely expected to be the most diverse Oscar nominations to date. The expectations […]
BRASILIA Brazil’s top labour prosecutor said President Michel Temer’s proposals to modernize the country’s labour laws were illegal in a report published on Tuesday that provided ammunition to workers’ unions fighting the reforms. Updating outdated labour laws to allow outsourcing and more flexibility in contracts and work hours is part of Temer’s plan to reduce business costs and pull Brazil from its worst recession on record. But […]
The club crest of Spanish soccer team Real Madrid will be altered to remove the traditional Christian cross from clothing apparel sold in some Middle East countries under a regional deal. Marka, a retailing group in the United Arab Emirates, has been granted exclusive rights to “manufacture, distribute and sell Real Madrid products” in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman, the company said in […]
Having abandoned its venture to lend out roughly $1 billion to legacy Taxi “Medallion” drivers and businesses some two years ago, and shifting its backing over to Uber resulting in many unhappy drivers as well as a handful of lawsuits, Capital One has nonetheless provided a useful spotlight into the troubled state of the traditional “yellow cab” industry by breaking out the details of its runoff commercial […]
A British man has been shot dead in his car in the Thai resort of Pattaya. Tony Kenway, originally from Southampton, was killed in the driver’s seat of his red Porsche Cayenne GTS in the car park of the Sanit sports club in Bang Lamung district, the Bangkok Post reported. The Foreign and Commonwealth Office (FCO) has confirmed it was in contact with local police over the […]
