Trade between the UAE and China is expected to increase to $60 billion by the end of this year, up from $54.8 billion in 2015, according to the Dubai Economic Council. It said the UAE is now China’s second largest trading partner in the Middle East and the region’s biggest market for Chinese goods, news agency WAM reported. China, whose trade with the UAE stood at only […]
Microsoft’s Surface Studio offers a new angle on the desktop PC Image: Microsoft Microsoft’s high-priced Surface Studio may be selling better than expected, if we can believe a recent report from Digitimes. The Taiwanese company – which publishes a Chinese daily newspaper on IT and high-tech supply chains – reports that “Microsoft has ordered 30,000 units to be shipped in the first quarter of 2017, according to […]
Dubai’s transport authority has announced the roll-out of the Smart Mall concept to four new metro stations. The expansion to Abu Dhabi Commercial Bank Station, Damac Station, Dubai Internet City Station and Emirates Towers Station is part of the Road and Transport Authority’s (RTA) plan to rank Dubai as the smartest city in the world. Mattar Al Tayer, director-general and chairman of the RTA, said: “The Smart […]
FRANKFURT China’s Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. Midea, which launched a 4.5 billion euro ($5 billion) offer for Kuka in May, said Germany’s markets regulator had approved the settlement of the transaction, allowing it to control a 94.55 percent voting stake in Kuka […]
DUBAI// The deadline for applications for health insurance has been extended into the new year, Dubai Health Authority has announced. The authority said it had made the decision due to a flood of customers applying to insurance companies in the last few days, and in response to those who had not been able to get insured in time due to unforeseen circumstances. It was not clear how […]
Swimming upstream Even before Trump, reform advocates like the Chamber were up against a rising tide of skepticism regarding reform. Congress grew cold after the 9/11 terrorist attacks, and conservative talk radio and TV programs began a drumbeat of attacks against legalizing immigrants; TV personalities such as Lou Dobbs spread outlandish claims about Mexican plots to “take over” the American Southwest. Ironically, Mexican President Vicente Fox — […]
UAE-based construction firm Arabian Construction Company (ACC) has signed a joint venture contract to build a 170-metre luxury residential tower called ONE in Cyprus. ACC and its joint venture partners, Joannou & Paraskevaides Group, said in a statement that upon its completion in 2019 the project will be the tallest residential seafront tower in Europe. The new tower will be located on 28th October Avenue, Limassol’s prime […]
Abu Dhabi, United Arab Emirates; December 30, 2017 As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]
HONG KONG China’s Huawei Technologies Co Ltd [HWT.UL], one of the world’s largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly to 32 percent and forecast greater uncertainties next year. The Shenzhen-based company, which competes with Sweden’s Ericsson (ERICb.ST) for the top spot in the global market for telecoms equipment, sees 2016 revenue hitting 520 billion yuan ($74.8 billion), said Eric […]
Samsung Electronics’ 2017 premium TV line-up to debut at the Consumer Electronics Show (CES), branded Samsung QLED TV, applied ‘metal coating’ to improve the integrity of the quantum dot (QD) materials, company insiders say, allowing colour in a wider range to be accurately represented at higher brightness level or better than those reached in OLED TVs. Internally called the “Q Project,” the business set a target resolution […]
BEIJING China will prosecute one its former spy chiefs for corruption after accusing him of bribery and abusing his power to interfere in law enforcement activities, the ruling Communist Party said on Friday. Ma Jian, once a vice minister at China’s Ministry of State Security, is the most senior security official to be investigated since former domestic security tsar Zhou Yongkang was ensnared in a graft scandal […]
Saudi Arabian commercial bank deposits rose to their highest level this year in November, a sign that a liquidity crunch due to low oil prices is easing as the government liquidates foreign assets to pay its bills, official data showed on Wednesday. Bank deposits climbed to 1.624 trillion riyals ($433 billion) from 1.610 trillion riyals in October, the fourth straight month-on-month gain, the central bank figures showed. […]
The Singapore government has invested significant resources and efforts in building up a thriving startup environment, but its inhabitants must now take risks and look beyond local shores. Jeffrey Paine, general partner at Golden Gate Ventures, believed Singapore’s startup scene had progressed well over the last six to eight years. He said a number of successful startups had grown and executed well in the region, as well […]
Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 18 cents or 0.33 percent to $53.95 at 0105 GMT after settling 29 cents lower at […]
Oman has joined a Saudi-led coalition of Muslim countries to fight terrorism, Saudi Arabian and Gulf sources said on Wednesday. The sultanate indicated its willingness to take part in the 40-country alliance in a letter to Saudi Deputy Crown Prince and Defence Minister Mohammed bin Salman, the sources said. Although differences are rarely aired in public, Oman has long stood out among its Gulf allies, remaining close […]
A poll of 60 staff members of The National resulted in useful travel hacks, such as low-fare flights with flexible date options, hassle-free packing, and convenient add-ons, that can make your holiday a more cheerful, potentially cheaper experience. newslide Be flexible The prices of flights and hotel rooms varies a lot depending on demand, so compare prices, choose less busy dates and even be willing to alter […]
The Malaysian opposition has attacked a state company’s investment in a palm oil project in Indonesia, saying it is a costly handout to a foreign businessman connected to Prime Minister Najib Razak. Malaysia’s state-owned Federal Land Development Authority, known as Felda, plans to buy a 37 per cent stake in Eagle High, controlled by Indonesian conglomerate Rajawali Group, for $505m. The deal will be financed by the […]
Wall Street’s most important equity barometer is on track for its biggest annual recovery since the beginning of the bull market, underscoring the sharp turn in investor sentiment following the worst start to a year on record. The S&P 500 index is poised for an 11 per cent gain in 2016, shaking off a brutal start that at its lowest point in February left it down 10.5 […]
The Obama administration along with the Department of Homeland Security and Federal Bureau of Investigation have released the technical details behind ongoing cyber attacks from Russian intelligence groups. Obama on Thursday outlined a series of sanctions on Russia’s two intelligence services and officers for an ongoing hacking campaign on U.S. targets. The White House also said 35 Russian intelligence were ejected and two compounds in the U.S. […]
This year, I visited six newsrooms. Some had low-ceilinged cubicle mazes with coffee-stained carpets and newsprint towers. Some had quote-covered glass meeting spaces and slick, quiet rooms. At all of them, I found local legacy newsrooms, or “old media” as they’re often called, doing the work of digital journalism. In one case, the print product was an afterthought. In another, it had been rethought. At all of […]
Umm Al Quwain’s free trade zone is set to launch the second phase of expansion following the completion of infrastructure works. The new phase of development at the Umm Al Quwain Free Trade Zone (UAQ FTZ) will house offices, labour accommodation, warehouses and residential complexes. Johnson M George, general manager of UAQ FTZ, said that once phase 2 comes to fruition, the free zone will function as […]
By Jonathan Stempel | NEW YORK NEW YORK A founder of Run-DMC on Thursday filed a lawsuit accusing Amazon.com Inc and Wal-Mart Stores Inc of selling a wide variety of clothing and accessories bearing the pioneering rap group’s name without permission. Darryl McDaniels, the owner of Run-DMC Brand LLC, the plaintiff in the lawsuit, is seeking at least $50 million of damages from the retailers and other […]
In this Thursday, Dec. 22, 2016, photo, Emerson Hill, 6, plays with Pepper the robot at Westfield Mall in San Francisco. While merrily chirping, dancing and posing for selfies, Pepper looks like another expensive toy in the San Francisco mall where it will be entertaining shoppers through mid-February. But it would be a mistake to dismiss Pepper as mere child’s play, even though kids flock around the […]
JEDDAH / DUBAI (December 29, 2016) Arab News has been honored at this year’s MENAA Awards for its transformation over the last three months and creating “momentum and buzz” in the media industry. The newspaper’s Editor-in-Chief Faisal J. Abbas, who was appointed in late September, was presented with the prestigious Best Business Leaders Award at an event held this month at the Burj Al Arab hotel in […]
