Despite economic uncertainty, almost two thirds of family businesses in the Middle East have grown over the past year, according to a new survey conducted by PwC. The poll showed that while the region’s family businesses continue to be active and successful, the changing political and economic environment is affecting both their current performance and their growth expectations. Respondents to the PwC survey said that the three […]
Wells Fargo & Co reported another decline in monthly consumer account openings, indicating that the bank is having trouble rebuilding its reputation after a sales scandal. The bank agreed in September to pay regulators $185 million to settle charges that its staff opened as many as 2 million accounts without customers’ knowledge. Wells Fargo said on Friday consumer checking account openings fell 9 percent in November from […]
General Motors seems determined not to get sidelined by the recent flurry of announcements in the self-driving car category such as those issued by Waymo and Uber. GM’s Chairman and CEO Mary Barra presided a rare press conference last Dec. 15 to declare that GM’s autonomous vehicle called Chevrolet Bolt is now prowling the streets of southeast Michigan. Fleet of self-driving Bolts have already been unleashed in San Francisco […]
ABU DHABI // The UAE has appointed its first Ambassador to a Baltic nation. Hanan Al Alili will become Ambassador to Latvia when the UAE Embassy opens in the capital, Riga, next month. Inara Murniece, Latvia’s speaker of parliament, was in Abu Dhabi for the Global Summit of Women Speakers of Parliament when the announcement was made. “It is important to have women in key positions in […]
Lately, there has been discussion of a “blurring” of Agile methodologies with design thinking. These are two philosophies with different terminologies, practiced by different groups of people, that have the same goal — to provide elegant and continuously improving technology solutions that serve users and customers. This blurring may be necessary with software release cycles now going into the hours, or even minutes for some businesses. Photo: […]
Manila Bulletin Police in Espinosa case submit counter affidavitsBusinessWorld Online EditionPOLICE officers facing possible dismissal after supposedly being involved in the death of a mayor who was killed inside a jail cell have already submitted their counter-affidavits to the Internal Affairs Services (IAS) of the Philippine National Police …PNP-IAS to finish probe on Espinosa slay by FebruaryManila BulletinEspinosa’s drug supplier leaves PNP custodyThe Manila TimesAIDG cites individuals […]
15 December 2016 Jeddah, Saudi Arabia — As a strategic step towards the development of the small-to-medium-sized enterprises (or “SMEs”) in Saudi Arabia, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, and Catalyst Group inked an Engagement Agreement to commence ITFC’s KSA SME Program to boost the SME Trade development. Through this partnership, ITFC will be piloting a SME Trade […]
Makkah is facing an acute shortage of affordable housing, especially as the area around the Holy Mosque is being redeveloped to service religious tourists, according to a new report. Real estate consultants JLL said as with other major cities in Saudi, Makkah needs to address the growing issue against the need for seasonal accommodation and extreme land values. It said the Markazia – the area around the […]
By Scott Malone | BOSTON BOSTON Searches for selfies led to many bad decisions, an outbreak of creepy clown sightings chilled even horror maestro Stephen King, and a hard-fought campaign ended with the election of former reality TV star Donald Trump as president of the United States. Along with moments of triumph and tragedy, 2016 brought stories that ranged from weird to wonderful, funny to flummoxing. New […]
By Andrés González | MADRID MADRID French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset (MS.MI). Bollore’s Vivendi (VIV.PA) is one of 10 bidders, alongside a number of Chinese and U.S. investors, hoping to land either a 30 percent or 51 percent […]
An obscure clash involving a 28-year-old tattoo artist, the Osaka police and an ambiguous century-old medical law has spiralled into a landmark constitutional battle to save an entire industry from oblivion. The showdown in Japan follows the decision of the Osaka police to hit the local tattooing industry with the physicians’ law — a legal framework laid down in the 19th century that technically means only a […]
TOKYO Japan’s Prime Minister Shinzo Abe and Russian President Vladimir Putin wrapped up two days of talks on Friday with numerous economic deals but no big breakthrough on a territorial row that has overshadowed ties between the countries since World War Two. The following list details energy and other alliances and agreements between Japanese and Russian companies and government enterprises announced during the summit meetings: HEALTHCARE – […]
The Abu Dhabi Childhood Obesity taskforce has announced the launch and immediate implementation of a comprehensive plan to address the growing health issue in the emirate. The plan which focuses on six key categories, is a result of a cross-sector evaluation that assessed existing efforts to fight childhood obesity, challenges and opportunities, in addition to benchmarking against World Health Organisation recommendations, news agency WAM reported. The focus […]
Commissioner of Taxation Chris Jordan has announced an independent review into the “unprecedented failure” of the Australian Taxation Office’s (ATO) storage hardware that took its online services offline earlier this week. The ATO’s website, tax agent, and business portals initially crashed on Monday, as a result of a “world first” hardware issue. The outage continued through Tuesday, which is when the ATO called in Hewlett Packard Enterprise […]
India is set to get more Trump-branded projects as local developers seek to capitalize on the brand. A story from The Wall Street Journal Friday took a look at the many projects around the world connected to the U.S. President-elect Donald Trump, including those in India. Unimark Group, a developer based in Kolkata, has tied up to rebrand a previously planned residential apartment building in the eastern […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were stable on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to drain a global glut. But since any production cuts will only hit markets early next year and Iraq is still raising sales to Asia, analysts at Goldman Sachs said that the price […]
Your daily guide to community and cultural activities across the Emirates for December 16, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Festive fun Visit Al Maryah Island for the Winter Wonderland, featuring cosy cottages hosting activities including bauble-decorating, cracker-making and gingerbread-house-decorating. Plus there’s a skating rink and snow park, and live performances of […]
Allergic reactions to peanuts cause around 500 hospitalizations and even some deaths in the United States each year. Food that contains trace amounts, because it was produced with factory equipment or kitchen tools that came into contact with peanuts, can prove fatal for allergic individuals who consume it unsuspectingly. Accidentally ingesting as little as a third of a single peanut — about 70 milligrams — can send […]
A prominent South Carolina legislator highlighted in a 2015 investigation by the Center for Public Integrity and The Post and Courier was indicted Wednesday on 30 counts of ethics violations. Rep. Jim Merrill, R-Charleson, was suspended from office after news of the grand jury indictments, which stem from a broader and ongoing Statehouse corruption probe. He is accused of using his communications company to profit from groups […]
Airbus, the manufacturer of the A380 aircraft, has presented Etihad Airways with the award for Top Operational Excellence for A380 operations in 2015-2016. The Etihad Airways A380 fleet recorded a 99.63 percent operational reliability between January 2015 and October 2016, the highest of all 13 airlines which operate the Airbus A380 aircraft. Etihad Airways has eight Airbus A380s in service, with two more scheduled for delivery. The […]
Almost a quarter of Americans acknowledged sharing fake news political news online, according to a new report from the Pew Research Center. The report, which is based on a telephone survey of more than 1,000 people, showed that 23 percent of respondents shared fabricated stories. In that group, 14 percent said they knew the story was fake at the time they shared it. Nearly a quarter of […]
What brought you into the world of fashion? I always wanted to make sure I did a job that I was passionate about, and one that wouldn’t simply be a 9-5 office job, which fashion allowed me to do. I began my career on the UK High Street where I started off working on own-label brands and really learnt my trade. Following that I moved on to […]
YOKOHAMA, Japan Nissan Motor Co (7201.T) Chief Executive Carlos Ghosn said on Friday he expected the Japanese automaker to post record sales in 2017, which would be a strong year for the auto industry despite volatility in currency and commodity markets. Ghosn also said he was confident that U.S. trade policy under President-elect Donald Trump would continue to promote strong ties with Mexico, where Nissan operates production […]
It has been touted as one of the most exciting Dubai mega-projects of recent years and has now come to fruition. The $735m Dubai Water Canal — carved out of land between Business Bay and Jumeirah — opened to the public last month, creating a water-bound ‘mini-Manhattan’ that flows from Downtown Dubai to the ocean. The 3.2km-long canal is the final segment of the Dubai Creek extension, […]
