Oman Air is more than double its contribution to the country’s gross domestic product this year to OR900 million ($2.3 billion) as it seeks to continue expansion of its fleet and network. The national carrier will tell its staff at its global conference in Muscat on Thursday that it increased its GDP contribution in 2016 by 6 percent to OR415 million. The increase came in the context […]
5936 25 by Shannon K. O’Neil January 18, 2017 A dye factory worker suns fabric after washing them in Narayanganj near Dhaka, Bangladesh, December 25, 2016 (Reuters/Mohammad Ponir Hossain). In late December, tens of thousands of Bangladeshi garment workers went on strike, shutting down over fifty factories making fast-fashion clothes for international brands including Gap, H&M, and Zara. What started as a walkout in support of 121 […]
Microsoft is enabling Windows users who buy Windows subscription plans like Windows 10 Enterprise E3 and E5 through the Cloud Solution Provider (CSP) program to upgrade from Windows 7 and 8.1 for free. Credit: Microsoft “Customers subscribed to Windows 10 Enterprise E3 and E5 as well as Secure Productive Enterprise E3 and E5, can now upgrade their Windows 7 and Windows 8.1 PCs and devices to Windows […]
Government of Dubai Media Office – 19 January 2017 Chairperson of Dubai Healthcare City Authority (DHCA) HRH Princess Haya Bint Al Hussein, wife of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, today announced the appointment of Dr. Amer Al Zarooni as the Chief Executive Officer of Dubai Healthcare City Medical (DHCM), a new cluster that oversees […]
A bonus of $250,000 is on offer to any runner who can break the world record at Friday’s Standard Chartered Dubai Marathon. The bonus is in addition to the first prize of $200,000 and underlines the status of the popular IAAF Gold Label race as the richest marathon in the world. Ethiopia’s Kenenisa Bekele, whose personal best is just six seconds outside the world record of 2h:02m:57s […]
By David Shepardson | WASHINGTON WASHINGTON U.S. regulators are expected on Thursday to close a six-month-old investigation into the death of a man whose Tesla collided with a truck while he was using its semi-autonomous driving system and not seek a vehicle recall, according to a source briefed on the matter. The U.S. National Highway Traffic Safety Administration did not find evidence of a defect that would […]
Steven Mnuchin, Donald Trump’s nominee to be Treasury secretary, clashed with Democrats over the business practices of the lender he once chaired, saying he had been wrongly accused of taking advantage of unfortunate borrowers and that he would work “tirelessly” to boost the economy and US hiring. The former banker told the Senate finance committee that he had been maligned and that OneWest, the bank, had extended 100,000 […]
Kraft is still a very hands-on owner, but three of his sons have taken on greater responsibilities with the Patriots and the family’s portfolio of company investments, including a Major League Soccer team, the New England Revolution. More and more, Kraft said, he is focusing on strategizing and bringing people together. Like Arabs and Jews. He has sought to broker Middle East conciliation through sports and investments, […]
When it comes to smartphones, Apple’s iPhone is the device that’s been setting the standards for almost a decade. But there are plenty of areas where Apple is lagging behind the competition. See also: It’s time to stop dreaming: iOS and Android have won the mobile war CES 2017 recap Big trends, top products, and wackiest tech On the CNET Stage at CES 2017, ZDNet and TechRepublic […]
The Afghan Taliban has sought to reassure the United Arab Emirates that it was not behind an attack in the southern city of Kandahar that killed five UAE diplomats and injured the ambassador, senior Taliban officials said on Thursday. More than a dozen Afghan and foreign officials were killed last week by a bomb hidden under a couch in the Kandahar governor’s residence in an attack Afghan […]
Appoints Industry Veteran Amid Al-Shanteer to Lead Regional Office in Dubai Covering Middle East and North Africa 19 January 2017 FREMONT, Calif.–(BUSINESS WIRE/ME NewsWire) Responding to growing business in the Middle East and North Africa, AlertEnterprise, the leading Silicon Valley based provider of Security Convergence software, has appointed Amid Al-Shanteer as Vice President of Sales for the Middle East and North Africa (MENA) market effective January 16, […]
Thai Airways International said on Thursday it will launch an internal corruption investigation after being named in a bribery case relating to British company Rolls-Royce Plc. Rolls-Royce agreed to pay more than $800 million in fines to resolve charges of bribing officials in six countries, including Thailand, in schemes that lasted more than a decade, justice officials in the U.S. and Britain said earlier this week. British […]
By Anjuli Davies and Andrew MacAskill | LONDON LONDON Global banks have begun signaling how they will put plans into action to cope with a “hard” exit by Britain from the European Union. Until now, banks have considered varying degrees of upheaval to their British-based businesses, depending on whether the outcome of Brexit was “hard” or “soft.” But after Prime Minister Theresa May said that Britain would […]
Etihad Airways is not looking to take a stake in German carrier Lufthansa, a spokesman said on Wednesday, denying a report in an Italian newspaper that sent Lufthansa’s shares higher on Tuesday. “We can confirm that are not looking to take a financial stake in Lufthansa,” the spokesman said, after the Wall Street Journal quoted Etihad Aviation Group CEO James Hogan as saying he was interested in […]
51 year-old Florida resident, Dominic Puopolo, who was arrested by Miami Beach police Tuesday for allegedly threatening President-elect Donald Trump online is, according to The Daily Mail, is a member of a prominent northeast family close to Bill and Hillary Clinton. Puopolo reportedly admitted to posting a video to Twitter, under his handle @JesusChrist1701, saying: “Yes, I will be at the review stand at the inauguration and […]
Tesla Panasonic hopes to work with Tesla to produce more than just batteries for next generation vehicles as the company continues to move further into the automotive field. As reported by Reuters on Thursday, Panasonic CEO Kazuhiro Tsuga said in an interview that the company is “deeply interested” in Tesla’s self-driving vehicle system and ambitions, and hopes to “expand our collaboration by jointly developing devices for that, […]
SAN FRANCISCO/NEW YORK This past November, Nasdaq Inc (NDAQ.O) hired a helicopter to film Manhattan’s skyline using Snapchat’s new video-camera sunglasses and sent the aerial footage to its social media followers. The New York Stock Exchange – its arch-rival – on the same day tweeted a video shot from the floor of its exchange, showing that it too was using the social media giant’s gadget. The scramble […]
If this week’s speech by Theresa May on her Brexit plans was designed to reassure the City of London and stop banks from shifting jobs out of the UK, early indications are that it appears to have failed. The prime minister is scheduled to address business leaders at the annual World Economic Forum in Davos Thursday morning, but in the meantime a flurry of senior financiers popped […]
Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, met analysts’ average forecast as it reported a 2 percent rise in fourth-quarter net profit on Wednesday, according to Reuters calculations. It made a net profit of 555 million riyals ($152 million)during the three months to Dec. 31, compared with 544 million riyals in the same period a year earlier, Reuters calculated from financial statements […]
19 JANUARY 2017 – DUBAI, UAE: Khalaf Ahmad Al Habtoor, Founding Chairman of the Al Habtoor Group, hosted his inaugural ‘Open Talk’ session with a group of 50 of his social media followers. Open Talk is a monthly series of face-to-face discussions on key issues impacting the UAE and wider region. Al Habtoor said, “Social media is such a powerful platform. I have many followers who I […]
By Lisa Barrington | BEIRUT BEIRUT After years of political deadlock, Lebanon finally has a new government. Now it needs a new economy. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy – remittances from overseas workers, tourism and real estate – are not what they were. Long-term, Lebanon is searching for […]
Saudi Arabia’s National Commercial Bank (NCB) reported a 7.5 percent rise in fourth-quarter net profit on Wednesday as the kingdom’s largest lender was boosted by higher income from commission and investments. The results are the strongest in four quarters for the bank, which like other lenders in the kingdom has seen its performance clipped by weaker activity as depressed oil prices drag economic growth to its lowest […]
Thursday 02.10 GMT Overview Asian equities regained upward momentum after comments from Federal Reserve chair Janet Yellen gave wings to a broad recovery for the dollar, weakening regional currencies. Hot topic The dollar index, which measures the US currency against a basket of peers, was up 0.4 per cent after the Fed chair warned that if the US waited too long to continue raising rates, it risked […]
While ECB President Mario Draghi may sound slightly hawkish at tomorrow’s press conference after an unexpectedly strong acceleration in CPI in December and European economic growth modestly picking up, the ECB is set to argue on Thursday that its extra-easy policy stance is still needed to keep the recovery on course. As a result, it is all but certain to leave current monetary policy in place and […]
