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Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Dammam, Saudi Arabia, 23 January 2017  Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture […]

By Roberta Rampton | WASHINGTON WASHINGTON U.S. President Donald Trump met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States – an issue he said […]

US President Donald Trump has just days after taking office signed an executive order signalling that America will back-out of the Pacific trade pact that was a key tenet of Barack Obama’s pivot to Asia. Mr Trump had vowed on the campaign trail to dismantle the Trans-Pacific Partnership that the billionaire businessman-cum-politician has argued is bad for US workers and companies. The move is the administration’s first […]

President Donald Trump addresses business and trade issues on Monday. Highlights of the day follow: BUSINESS Trump meets with a dozen prominent American manufacturers at the White House, promising to cut regulations and corporate taxes but warning them of penalties if they move production outside the country. TRADE Trump could sign an executive order on Monday intended to renegotiate the free trade agreement between the United States, […]

Doha Bank, Qatar’s fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations. The bank earned a net profit of 35 million riyals ($9.61 million) in the three months to Dec. 31 against 231.4 million riyals in the same period of the previous year, Reuters calculations showed, using financial statements in lieu of a quarterly […]

McDonald’s Corp’s (MCD.N) U.S. comparable restaurant sales fell less than analysts had expected in the fourth quarter as strong demand for its all-day breakfast brought more people to its restaurants. The operator of the world’s largest fast-food chain posted overall quarterly revenue that beat analysts’ expectations. The company’s stock initially rose in premarket trading on Monday, before reversing course to trade down 0.38 percent at $121.95. Sales […]

German newspaper Süddeutsche Zeitung on Monday tweeted documents to ‘help’ Pakistanis form their own opinion on the role of Prime Minister Nawaz Sharif’s daughter in Panamagate. “For those in Pakistan who doubt the role of the prime minister’s daughter Mariam Safdar in Panama Papers – some of the documents. Judge yourself,” Süddeutsche Zeitung tweeted, along with attachments purporting to show her involvement with Minerva Financial Services. Maryam […]

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Dubai developer Nakheel and Thailand’s Minor Hotels have signed a management agreement for a new 372-room hotel to be constructed at Ibn Battuta Mall. Under the agreement, the hotel will be managed under the AVANI Hotels & Resorts brand, Nakheel said in a statement. The 18-storey hotel, for which a construction contract will be awarded next month, is the second Nakheel hotel at Ibn Battuta and one […]

TOKYO Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of free trade and that he would keep pitching a multinational trade pact that Trump’s administration has vowed to exit. “I believe President Trump understands the importance of free and fair trade, so I’d like to pursue his understanding on the strategic and economic importance of the TPP (Trans-Pacific […]

You may be familiar about subscription boxes that send you clothing and all sorts of loots per month. Amazon seems to be diving into this business with the introduction of a new physical dash button that will order you a boxful of sweets when pressed. How Does It Work? The new service is being called Prime Surprise Sweets and will require you to purchase the Dash Button, […]

A billionaire Chinese hedge fund manager has been jailed for five-and-a-half years for market manipulation in one of the country’s highest-profile financial crimes prosecutions since a market rout in 2015. Xu Xiang, an investment guru who used to be compared with Carl Icahn, led a loose-knit group of hedge fund managers from the port city of Ningbo known as the “Limit-up Kamikaze Squad” because of their penchant for […]

Cover Story He did it: the Dubai comeback of Kabir Mulchandani Kabir Mulchandani has successfully completed his comeback in the Dubai property industry, handing over more than 200 stunning apartments and preparing for the launch of the five-star Viceroy Dubai Palm Jumeirah resort. Six years after he beat fraud allegations, the Indian developer has proven why you should never give up Source link

Picture for representation Reuters Fire engulfed a residential unit at Sago Lane in the wee hours of Monday following which two people were rushed to the hospital, the Singapore Civil Defence Force (SCDF) said. According to Channel News Asia, the victims, a man in his 50s and a woman in her 80s, both residents of the affected HDB flat, suffered smoke inhalation. The SCDF said that it […]

Symantec Symantec has confirmed that the company has once again been forced to revoke a batch of faulty certificates. Last week, SSLMate’s Andrew Ayer publicly revealed the discovery of misissued Symantec certificates, which were issued for domains including example.com and a variety of test.com certificates, such as test1.com, test2.com, and test.com. In an advisory, Ayer said that “with the exception of test4.com and test8.com, these domains are […]

The Saudi finance ministry said on Sunday there would be no fees applied on remittances out of the country, days after the kingdom’s advisory Shura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances. Saudi Arabia is “committed to the principle of free movement of capital in and out of the kingdom, in line with international standards,” the ministry’s […]

By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]

January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries.  Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines.  […]

A research team has developed food ingredients from mealworms and crickets which, due to their promising structure and flavor, have the potential to be used in the manufacture of foods such as meatballs and falafel. EU legislation will change in the coming years, and the farming of insects and their processing for consumption will become a business activity also in Europe, they say. Source

Yahoo will be probed by the United States Securities and Exchange Commission (SEC), it has been reported, with authorities expected to investigate whether the company should have disclosed its two data breaches sooner to investors. According to The Wall Street Journal, the SEC investigation is still in its early stages, and is expected to look into whether Yahoo’s disclosures about the data breaches complied with civil securities […]

Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new […]

H.E Bin Shafar: “Empower boosted cooperation with many international energy companies at the summit” Abu Dhabi, UAE, 22 January 2017 Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week 2017, which was held from 16th to 19th January at the Abu Dhabi National Exhibition Centre Empower team […]

By Tetsushi Kajimoto | TOKYO TOKYO Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third […]

Tamer Nahas, founder and CEO of BOLDtalks, a Dubai-based boutique event consultancy and curator of high-impact events focused on global thought leadership, explains that believing in one’s initial vision and its relentless perusal is essential for the survival of a business in its infancy. Often referred to as the region’s most thought-provoking event, the BOLDtalks concept hosts renowned opinion leaders and achievers to discuss very diverse, but […]

While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world’s executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying ‘ignore the tweets’, confident that “if [Trump] knows the facts, he’ll respond according to the facts.” It depends whose ‘facts’ those are, of course. As Bloomberg […]

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