Kuwait Finance House (KFH), the country’s biggest Islamic lender, has announced the launch of operations of 10 ATMs for the blind in various areas of Gulf state. The move is part of KFH’s efforts to provide banking services to customers with special needs, the bank said in a statement. The ATMs have been launched at in its branches in Keefan, Rawda, Shaab, Zahraa, Mubarak Al-Kabeer, Dhaher, Fahaheel, […]
Under the five-year contract, Bee’ah will provide integrated waste management services to Dubai Refreshments – the bottling company of Pepsi in Dubai Sharjah, UAE, 29 December 2016 Bee’ah, the leading integrated environment and waste management company in the UAE, has been awarded a five-year contract by Dubai Refreshments (DRC) – the publicly traded distributor of Pepsi in Dubai. As Bee’ah’s first Food & Beverages (F&B) commercial contract, […]
LIMA Peruvian president Pedro Pablo Kuczynski said on Saturday that he is evaluating the possibility of suing Brazilian construction firm Odebrecht [ODBES.UL] for damages after the company admitted to using bribes to secure public contracts in the Andean nation. Odebrecht, Latin America’s largest construction outfit, acknowledged in a U.S. settlement earlier in December to having doled out hundreds of millions of dollars in bribes to public officials […]
The Central Bank of Oman will be forced to follow the US Fed’s tightening cycle over the coming months, despite low inflation and rising liquidity pressures at home, according to BMI Research. It said in a research noted that combined with low commodity prices, the strength of the US dollar, and weaker economic activity, Oman will adopt a more hawkish monetary policy to lead to average consumer […]
It wasn’t that long ago that there were a few sure things in this world: — ESPN would continue to print money thanks to fees from its 100 million-person subscriber base. — The NFL would continue to generate massive TV ratings thanks to an insatiable demand for all things football. — The Cubs would continue their century-plus run of futility thanks to a curse from a goat, […]
Dubai-UAE: 29 December, 2016 As the New Year approaches, it brings with it new expectations, new aspirations and new resolutions. Along with shedding a few kilos, picking up a new skill or travelling to a faraway land, it’s also time to get a handle on your finances. Here are a few questions for your bank as a first step in this direction. Ask all the usual questions, […]
Dubai’s state utility company has announced that more than 80 percent of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park is complete. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world based on the Independent Power Producer model (IPP). The second phase is the first and largest of its kind in the UAE and will […]
SAN FRANCISCO Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner’s living room, injuring the driver and a passenger. The Model X owner, Ji Chang Son, said that one night in September, he slowly pulled into his driveway as his garage door opened when […]
DUBAI // UAE leaders hailed the beginning of a new year promising progress as hundreds of thousands of Emiratis and people from around the world celebrated the arrival of 2017 in Abu Dhabi, Dubai and across the country. Sheikh Mohammed bin Rashid expressed pride for challenges that were overcome and achievements accomplished last year. The Vice President and Ruler of Dubai said he looked forward to the […]
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By Lewis Krauskopf and Chuck Mikolajczak | NEW YORK NEW YORK After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 percent price gain for 2016 and around 12 percent on a total return basis, […]
DUBAI // Hundreds of travellers were stranded in Dubai on New Year’s Eve as dozens of flights were cancelled and others diverted because of fog. At least 26 flights from Dubai International and Dubai World Central airports were cancelled, while 23 inbound flights were diverted because of the weather, which disrupted operations on Friday night and yesterday morning, a spokesman for Dubai Airports said. The company’s website […]
The Alliance Française of Dubai has opened a permanent gallery space at its Oud Metha location and the first show features works by Sheikha Wafa bint Hasher Al Maktoum. We spoke to the gallery’s director, Bernard Frontero, who has high hopes for the space. q Why did you decide to open this gallery? a For a long time we have used the hall of the Alliance to […]
First Avenue, the new mall and hotel project planned for Motor City in Dubai, has signed up a raft of high-profile food and beverage brands. Krispy Kreme, Costa Coffee, London Diary and Mikel Coffee are among those to have signed up and will join a total of 15 food and beverage outlets at the new motoring-themed mall, co-located with a four-star 150-room Park Inn by Radisson hotel, […]
Submitted by Michael Shedlock via MishTalk.com, Yesterday, President Obama expelled 35 Russian “Operatives” from the Russian Embassy. Is there any evidence those expelled are “intelligence operatives”? Any hard evidence Russia was behind the Hillary hacks? Any credible evidence that Putin himself is to blame? The answers are No, No, and No. Yet, once again the American press is again asked to co-sign a dubious intelligence assessment. Rush […]
It was certainly a year of ups and downs for Apple, which took steps to shore up many of its products outside the core iOS portable offerings. The Apple Watch got a new user interface, but the smartwatch category drags. Apple TV got a new content navigation app (but not an integrated Apple television service). The redesigned MacBook, of course, got a wee strip of touchy goodness. […]
SHANGHAI A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies “Cars” and “Cars 2”, the official Xinhua news agency reported on Saturday. The ruling is the latest in a slew of intellectual property wins for large foreign firms, who have complained about widespread copyright infringement in China. Disney […]
Damac Properties has unveiled Akoya Play, a collection of 3-bedroom villas in an international golf community set around a one-of-a-kind water park in Dubai. Located at Akoya Oxygen master development, Akoya Play went on sale in Dubai on Wednesday, the developer said. The new homes are priced at AED1,050,000 with a payment plan spanning three and a half years, Damac added in a statement. Niall McLoughlin, senior […]
Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016. The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries. Borders are back in vogue. Economic nationalism is paying political dividends. “We […]
Newly formed alliance to play key role in enhancing innovative leadership and provide essential support for emirate’s efforts to maintain global competitiveness December 29, 2016 Sharjah Tatweer Forum and Sharjah eGovernment have recently signed a new Memorandum of Understanding (MoU) signalling the start of a strategic new partnership aimed towards further promoting the Sharjah Leadership Program (SLP), an initiative aimed towards developing leaders who are well informed […]
Alison Shan Price, the CEO and founder of the One World Actors Centre (OWAC) in Kuwait has been awarded an MBE in the New Year Honours list. Having been involved in theatre since she was five, Price has been in Kuwait for years, running OWAC with her daughter Eleni Rebecca, the managing director and chief choreographer, alongside a large team of artists. The British Government said Price […]
FRANKFURT German utility E.ON (EONGn.DE) plans to cut administrative jobs as part of efforts to reduce costs by 400 million euros (340.78 million pounds), Chief Executive Johannes Teyssen told newspaper Rheinische Post. “Based on previous experience, 50 percent of savings in such efficiency programs come from personnel costs and 50 percent from the cost of material,” he said in the interview, published on Saturday, adding the company […]
Lenovo ThinkPad Yoga 370 Lenovo has jumped the gun on CES by releasing info on its latest ThinkPad updates a few days before the annual electronics trade show. While the PC manufacturer isn’t adding anything as radical as the Yoga Book’s Create Pad hybrid input device, its flagship laptops will receive some of the latest computing technology as well as some other improvements. Select ThinkPads will be […]
Market intelligence and networking platform builds momentum as it gathers senior industry decision-makers in third outing. Dubai 29 December,2016 MAZ Chartered Accountants, the region’s leading audit, taxation, financial and management consultancy has held its 3rd MAZ Annual Seminar. The Seminar’s third iteration built on previous years’ success to curate a powerful platform where professionals accessed industry intelligence, developed contacts, improved professional networks and kept pace with a […]
