logo

News related to
business

Less than a week after Uber said that it will keep testing its self-driving vehicles in San Francisco despite being told to stop by California’s Department of Motor Vehicles, the ride-sharing company is now being forced to take the cars off the city’s roads. Uber defied the orders of the California DMV to apply for a testing permit for its self-driving cars in San Francisco, claiming that the company […]

DUBAI // Dubai has topped the rankings as the most expensive city to see in the new year for the second year in a row. According to the annual survey of seven of the most popular cities by the currency exchange firm Travelex, celebrating New Year’s Eve in the city costs Dh2,240 per person on average. New York ranked second at Dh1,850, followed by London at Dh1,435, […]

US trade policies under Donald Trump will be key to agricultural commodities next year, as the world continues to grapple with high levels of grain production and inventories, according to a leading forecaster. “The area of concern is whether anything is going to happen that is going to affect our trade with China, which is a big agricultural buyer,” said Don Riffe, senior vice-president for agribusiness intelligence […]

Sales of a new Dubai real estate project, which will feature an amphitheatre and a gourmet market, will be launched in early 2017, it has been announced. T.ZED Architects have been appointed as the design leads for Canvas, KOA’s first mixed-use development which is scheduled to be completed by the end of next year. Canvas will include 70 apartments and will also feature a co-working space, a […]

22 December 2016 The Capital Market Authority Board has approved the final version of the Parallel Market Listing Rules after the draft was published on the CMA’s website. The Authority ensured in the final draft that it took into consideration all recommendations, observations and opinions, received from investors and specialists, the interested an related parties during the public consultation. These Rules will be effective and enter into force […]

Now that you have a new internet media streaming device, you’ll need something to watch on it. I cut the cord in 2009 and here are the best services I’ve found since then. Cord-cutting and video-streaming is replacing traditional cable and satellite TV. Jonathan Alcorn/Reuters/Corbis Before launching into it, though, you should know things are changing. Cord cutting is no longer remarkable, it’s normal. The media companies […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The economy, however, remains on solid footing as other data on Thursday showed new orders for capital goods rising last month amid demand for machinery, indicating […]

Advertisements

DUBAI // Three Pakistanis used fake UAE residency papers to forge visit visas to Turkey, Dubai Criminal Court heard last week. The defendants deny charges of forgery, using forged documents and forging stamps of a number of UAE banks. Two of the defendants were arrested when they presented the forgeries to the Turkish embassy. During questioning by police, they tipped off the authorities to the third person. […]

The UAE has among the lowest travel insurance penetration rates in the world, a Dubai-based financial consultancy has claimed. UAE holidaymakers are failing to take out adequate insurance when travelling abroad, with Nexus Group estimating that less than 1 percent of people are covered by a comprehensive insurance policy. The figure excludes minimal coverage that individuals have from a third parties such as a bank or as […]

Hygge, the Danish art of cosiness that has become Europe’s latest lifestyle trend, is boosting demand for spices such as cinnamon, cardamom and vanilla. Growing popularity of the Nordic art of living, which encapsulates all things cosy from cashmere to candles, has coincided with soaring global demand for spices due to unusual weather conditions in the main growing regions. Alongside a growing appetite for spice-laden Scandinavian cakes […]

Submitted by Simon Black via SovereignMan.com, In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across Europe. So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy. People could start businesses and own private property– revolutionary […]

Abu Dhabi, December 22, 2016  H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MOE), recently met with Suren Karayan, Minister of Economic Development and Investments of Armenia to discuss key ways to further expand economic and trade relations between the two countries–building investment partnerships in sectors that would bring mutual benefits to both countries based on their respective capabilities. The discussion took place during […]

Output at Libya’s Sharara oilfield reached 58,000 barrels on the first day of reopening after the lifting of a two-year blockade, the National Oil Corporation (NOC) said in a statement on Wednesday. “The NOC gave instructions to operating companies to restart production from the fields and to carry out necessary works, testing and maintenance. Production at Sharara reached 58,000 on the first day,” the statement said. The […]

Israel’s Teva Pharmaceutical Industries Ltd (TEVA.TA) (TEVA.N), said on Thursday it had agreed to pay $519 million to settle charges it violated the U.S. Foreign Corrupt Practices Act. The settlement with the Department of Justice and the Securities and Exchange Commission relates to conduct in Ukraine, Mexico and a guilty plea by a subsidiary in Russia, and followed a voluntary investigation, Teva said. Details of the misconduct, […]

The pound stumbled towards Christmas, falling for the fourth consecutive day against the euro reflecting investors’ concerns about the UK’s economic prospects in 2017. Sterling was half a per cent weaker against the euro on Thursday, pushing it a two-week low of €1.1780. Against the dollar, the pound hovered just above $1.23, its lowest level since November 23. Over the past two weeks the pound has fallen […]

Two illegal immigrants planning to enter the UAE by hiding in a truck have been arrested, according to a news report. Officials in Mezyad Customs Centre in Abu Dhabi pulled over an Arab truck driver and conducted a search. They found two people hiding in the spare tyre compartment, Khaleej Times reported. Mohammed Khadem Al Hameli, acting director of Abu Dhabi’s general administration of customs, said that […]

Law Blog rounds up the morning’s legal news: Repeal rejected: A bipartisan agreement to repeal North Carolina’s transgender bathroom law fell apart Wednesday, after Republican legislative leaders required a late addendum of a six-month “cooling-off” period for local policies that Democrats said was a violation of a hard-fought deal. [WSJ, Charlotte Observer] Goldman and 1MDB: Investigators are trying to determine whether Goldman Sachs had reason to suspect […]

The stock market is an odd place. Red Hat, the leading Linux company, saw its third quarter of fiscal year 2017 grow by 18 percent year over year to $615 million. Up. Still, Wall Street had expected Red Hat to make $618.5 million — and the market immediately punished it with a 13.9-percent stock price drop. Red Hat headquarters presides over Linux’s first $2 billion company. I’ll […]

22 December 2016 Etihad Airways, the national airline of the United Arab Emirates (UAE), and Montenegro Airlines, the flag carrier of the Republic of Montenegro, have signed a codeshare agreement that provides travellers with enhanced connectivity when flying between Southeast Europe and the Middle East.* The agreement will see Etihad Airways placing its “EY” code on Montenegro Airlines’ flights between Belgrade and two destinations in Montenegro – […]

By Claire Milhench | LONDON LONDON Global investors’ equity holdings rose to six-month highs in December on bets that U.S. President-elect Donald Trump’s promised fiscal splurge would spur higher growth and inflation, a Reuters monthly poll showed on Thursday. Trump’s plans to cut taxes and boost spending have sent Wall Street .DJI .IXIC to record highs in December as investors pile into everything from banks, to energy […]

Google and Apple are the most valuable companies in the world, and undoubted winners from the smartphone boom. In their wake lies Nokia’s handset business, which was sold to Microsoft and later wound down. But, when it comes to defending themselves against the arsenal of patents Nokia built up in its years at the top, the US tech giants want the world to view them as victims […]

Gulf stock markets barely moved in quiet, early trade on Thursday before the announcement of Saudi Arabia’s 2017 state budget, expected in the afternoon. The Saudi stock index edged up 0.1 percent in the first 40 minutes. Much activity focused on second-tier stocks such as Saudi Printing and Packaging, up 4.9 percent, although Saudi Electricity rose 0.9 percent. Saudi Electricity’s profits rose in the wake of the […]

Dec 22, 2016 12:33 pm IST India’s business world has had its share of scandal and success this year and that has been reflected in headlines and during heated discussions on nightly news shows. From Cyrus Mistry’s unceremonious ousting as Tata Sons chairman to Vijay Mallya’s ongoing battle with Indian authorities from the U.K., there has been plenty to write and talk about. To quantify the business […]

Nokia was the world’s leading mobile phone maker from 1998 until 2011 when it bet on Microsoft’s Windows mobile platform, which proved to be a flop Nokia announced Wednesday it is suing Apple in German and US courts for patent infringement, claiming the US tech giant was using Nokia technology in “many” products without paying for it. Finnish Nokia, once the world’s top mobile phone maker, said […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Basheer sets Feb deadline for delayed ULCCS projects // Tesla schedules Cybertruck production wind-down for mid-2027 // Ghantoot clinches Pink Polo Cup as screenings draw crowds // Freeze on new bar licences // Coca-Cola bottling holding company submits share sale prospectus // Greens back Sreedharan plan // UAE forecast to lead solar output per person // Bail refused to Kochi sex assault accused // Dubai activates six-lane Al Khaleej Street tunnel // Hyperliquid Strategies pursues US futures registration through subsidiary // ADNEC Abu Dhabi secures regional MICE venue honour // Herzog selects Eisenkot for Israeli coalition negotiations // SoftBank and ABB weigh separating Chinese robotics operations // Turkish court remands senior financial regulators in fund investigation // Claude Code approval settings expose thousands of credentials // Paraguay court detains impeached Peña over bank collapse // Employees Up In Arms Against Sale Of IDBI To Canadian Company Fairfax // Satheesan resists Anil as new state Cong chief // UAE Coast Guard evacuates 22 from burning cargo vessel // DEWA and Dell pursue stronger digital utility infrastructure //