logo

News related to
business

24 January 2017 Warba Bank has today announced that, with immediate effect, Simon Clements has been named Chief Retail Banking Officer, taking over the responsibilities for Warba’s Retail Banking Group. In this role as Chief Retail Banking Officer, Clements will work towards enhancing customer experience and developing new and personalized products and services for our customers, significantly bettering our capability to support the Bank’s growing presence in […]

Alcoa Corp (AA.N) reported a loss in its first quarterly results after the metals company split into two in November. The New York-based company reported net loss of $125 million, or 68 cents per share, for the fourth quarter. On an adjusted basis, Alcoa earned 14 cents per share. Analysts had expected earnings of 19 cents per share for the quarter, according to Thomson Reuters I/B/E/S. It […]

Your daily guide to community and cultural activities across the Emirates for January 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Catch a screening of A Barefoot Dream, as part of the Cinema Space film series. The Korean film, based on a true story, focuses on former footballer Kim Won-kang (Park […]

Two Saudi men who blew themselves up during a gunbattle with security forces in Jeddah last week had ties with ISIL and were linked to past attacks on mosques and security forces in Saudi Arabia, the interior ministry said on Tuesday. After Saturday’s security operation in Jeddah’s eastern Al-Harazat district, the interior ministry accused the two men of planning attacks inside the country. A ministry statement carried […]

By Pedro Fonseca | RIO DE JANEIRO RIO DE JANEIRO A small plane carrying a Brazilian Supreme Court justice overseeing a political bribery investigation did not suffer any obvious mechanical failure when it crashed into a bay amid heavy rain and killed all five on board, investigators said on Tuesday. That preliminary analysis came from what investigators heard on the final 30 minutes of audio captured by […]

Sonos Play 5 Hardware is a tough game. On one hand, device makers have access to far more infrastructure than they did decades ago. This has led to the explosion of companies that have been able to finance — and often deliver — products via crowdfunding platforms such as Kickstarter. On the other hand, the stakes have also been raised in terms of interface experience. And while […]

Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world’s biggest initial public offering, sources familiar with the matter told Reuters on Tuesday. Morgan Stanley and HSBC are among banks that have received the request for proposals, one of the sources told Reuters, with the other adding that the invitation was to evaluate Aramco’s […]

Advertisements

Alibaba Group has reported a 54 percent year-on-year revenue growth to US$7.67 billion for the quarter, ended December 31, fuelled by record sales from China’s Singles Day online shopping festival. The Chinese e-commerce operator said revenue from its core commerce business, which included its Taobao and Tmall online platforms, climbed 45 percent to US$6.71 billion (46.58 billion yuan). It pointed to record sales from the November 11 […]

Donald Trump is now president. This challenges many of us, not least members of the press. Countless reporters are still shaken and stunned by how he singled out a CNN reporter, one of the most respected news outlets in the world, to attack and humiliate him during his first press conference since winning the elections. Worryingly, none of his fellow journalists in the room stood up for […]

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. A fashionista friend in the White House press corps answered this lingering question after Sean Spicer’s much-anticipated first briefing: What exactly was the glaring color of that jacket worn by Kellyanne Conway? “Tomato?” she guessed. Well, it was especially vivid […]

BERLIN Volkswagen (VOWG_p.DE) said it will halt production at one of its biggest auto-making factories in Germany on more days than originally planned because of shrinking demand for the Passat saloon and estate models. Production of the Passat at VW’s northern German plant in Emden will be stopped on Feb. 16-17 and Feb. 21, a spokesman said, adding to disruptions agreed earlier this month. Europe’s largest automaker […]

Johnson & Johnson, the world’s largest healthcare company, blamed a stronger dollar as it forecast that 2017 profits and sales would fall below Wall Street expectations, sending the group’s shares down by more than 2 per cent. Dominic Caruso, chief financial officer, said it appeared that many Wall Street analysts had not updated their models to account “for the negative impacts of currency movement” as J&J became […]

24 January 2017 Nigeria’s leading transport and logistics experts will gather for the historic maiden edition of Multimodal West Africa 2017 (MMWA) from Tuesday, 14th to Thursday, 16th March 2017 at the Landmark Event Centre, Victoria Island, Lagos. Most of the industry stakeholders are excited about the Exhibition as they believe it will adequately reposition the Transportation and Logistics sector, which used to be noted for its […]

By Bernie Woodall | DETROIT DETROIT Ford Motor Co (F.N), in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors’ vehicles. Omnicraft joins Ford’s established Motorcraft which makes parts for Ford vehicles. Frederiek Toney, president of Ford’s customer service division, said the global […]

The Australian Taxation Office (ATO) announced on Tuesday it has appointed PwC to conduct an independent review into the “world first” hardware issue the ATO experienced in December. The tax office expects the consultancy firm’s review will provide insight into what actually happened and why, and what needs to be done to ensure the same incident does not occur in the future. The ATO said it chose […]

Center for Public Integrity: What are your aspirations for a Trump presidency? Samuel “Joe the Plumber” Wurzelbacher: A strong economy and a strong military and more security for the American people. One of the big promises that Trump has made is “draining the swamp.” What does that mean to you and how do you think he’s going to do that? That means getting rid of some career […]

January 24th  2017 BBK recently announced new appointments in its Executive Management as part of the new organization structure. Amongst those, the Bank welcomed on board Dr. Adel Salem, as Assistant General Manager – Retail Banking Division, succeeding to Mr. Mohammed Malik, who has been appointed as Deputy Chief Executive and Head of Banking  Group. Dr. Adel Salem has an extensive experience spanning over 30 years in […]

The picture that lit up social media and unsettled the White House began with a trek up 50 flights of stairs, nearly to the top of the Washington Monument, for a bird’s eye view of Donald Trump’s inauguration on Friday as the 45th U.S. president. Reuters had asked the U.S. National Park Service in an email on Jan. 13 whether a photographer could be posted on the […]

Emirates airline has announced that it will operate the first ever scheduled commercial Airbus A380 flight to South America when it upgrades its Dubai–Sao Paulo service on March 26. Replacing the existing Boeing 777-300ER used on this route, the A380 service will mark the airline’s 10th year of operations in Brazil, which it began with daily flights between Dubai and Sao Paulo in October 2007. In 2012, […]

SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]

Three of the world’s largest textbook publishers have subpoenaed Amazon to reveal the names and financial accounts of online vendors who allegedly sell counterfeit books at “too good to be true” prices. Pearson Education, Cengage Learning and McGraw Hill Education are suing 100 unnamed Amazon marketplace sellers for copyright infringement. In a complaint filed in New York federal court earlier this month, the publishers accused the sellers […]

By Ian Simpson | WASHINGTON WASHINGTON A powerful storm system plowed up the U.S. Eastern seaboard with torrential showers and high winds on Monday, hindering airline and rail travel, after killing at least 21 people in the South, many in mobile homes demolished by tornadoes. The storm, which unleashed deadly twisters in Mississippi and Georgia over the weekend, turned cooler as it advanced on the Northeast, where […]

The 2019 Asian Cup will begin on Jan. 5 and will be played over 28 days across eight stadiums in the United Arab Emirates, the continent’s soccer governing body said on Monday. The Zayed Sports City in Abu Dhabi will play host to the opening game and the final on Feb. 1 in the region’s premier tournament for the member nations, the Asian Football Confederation said in […]

It has been an ‘evolutionary’ year for billionaire Mark Cuban as his perspective has shifted from Trump-is-smart, “I’d be his VP” to Trump terror, “no doubt the market tanks,” to acceptance to reality… 2/16/2016 – I think Trump is smart. I’d be Donald Trump’s VP as long as he said he’s listen to me in everything I said we’d be okay. 9/6/2016 – In the event that […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Democratic Congress threatens Trump-era cryptocurrency policy gains // Freeze on new bar licences // Lula commits to budget discipline after election victory // DEWA and Dell pursue stronger digital utility infrastructure // Satheesan resists Anil as new state Cong chief // Claude Code approval settings expose thousands of credentials // Ghantoot clinches Pink Polo Cup as screenings draw crowds // ADNEC Abu Dhabi secures regional MICE venue honour // Hyperliquid Strategies pursues US futures registration through subsidiary // Dubai activates six-lane Al Khaleej Street tunnel // Abu Dhabi property transaction value climbs 76.1 percent // Rubio rejects prospect of imminent Iran peace breakthrough // Tesla schedules Cybertruck production wind-down for mid-2027 // UAE non-oil trade climbs to AED 2.945 trillion // UAE forecast to lead solar output per person // Turkish court remands senior financial regulators in fund investigation // NIA Highlights Three Exemplary Breakthroughs from National Innovation Awards, Driving Thailand Toward a Global ‘Innovation Nation’ // Gulf states formalise joint railway operating framework // Binance appoints Justin Yek as finance chief after theft // EU challenges TikTok video rankings over harmful content loops //