03 December 2016 The Roads and Transport Authority – Majdi Abu Zaid: The Roads and Transport Authority (RTA) in Dubai has recently signed two Memoranda of Understanding (MoU) with Khalifa University and the University of Dubai calling for stepping up cooperation in the field of robots and drones. The step is part of RTA endeavours to keep pace with the latest technological trends, share expertise with the academic […]
By Yun Hwan Chae and Nataly Pak | SEOUL SEOUL As protesters march through Gwanghwamun Square in downtown Seoul, the centre stage of huge weekly demonstrations calling for South Korean President Park Geun-hye to step down, nearby restaurants hustle to prepare for a busy night. Many bars and restaurants in the area, home to government offices and near the presidential Blue House, have been doing roaring business […]
Abu Dhabi Islamic Bank (ADIB) has announced that it has repaid in full a $500 million Islamic bond or sukuk from its own resources. The bank said in a statement carried by news agency WAM that the repayment reflected “its strong liquidity position amid difficult market conditions”. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more than […]
Every year, Brazilian venture capital firm Monashees takes entrepreneurs from its portfolio companies on an overseas discovery tour. This year, instead of Silicon Valley, the firm headed to the Yangtze Valley, in a clear sign of a new front opening for Chinese investment in Latin America. China is seeking to expand lending and investment in Brazil and elsewhere on the continent, as it shifts from its traditional […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
The UAE and Serbia have announced moves to increase trade links, with a focus on the tourism, agriculture, construction sectors. Ways of expanding economic relations and co-operation in key sectors were at the centre of talks held on Monday by officials from the two countries in Abu Dhabi, news agency WAM reported. Abdullah Al Saleh, Under-Secretary for Foreign Trade and Industry at the UAE Ministry of Economy, […]
The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The commission created by President Barack Obama earlier this year also recommended that the president and Congress accelerate the pace at which technology is updated in the federal sector and that the president appoint an ambassador […]
3D Face Contour Sculpting Heart & Soul, the wellness spa located at Al Barari in Dubai, has introduced the popular 3D Face Contour Sculpting by Forlle’d, which promises “astonishing” results. While each treatment delivers an instant lift, a course is recommended for increased collagen and elastin that can be seen for up to eight months. The treatment takes 90 minutes and costs Dh900. Call 04 320 7350 […]
03 December 2016 Gulf Navigation announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern […]
The commission, if not dead on arrival, quickly ended up on life support. Mr. Stiglitz and another board member, Mark Pieth, a Swiss anticorruption expert, resigned after only one official meeting because the government, they said, would not promise to make their final report public. Continue reading the main story “You can’t have a committee on transparency and not be transparent,” Mr. Stiglitz said. Photo President Juan […]
British Telecom (BT) has appointed a new general director for its operations in Brazil. Alex Inglês joined the company eight years ago and spent his four initial years working at the company’s London offices before returning to São Paulo. Prior to becoming the company’s main executive in Brazil, Inglês served as wholesale director for Latin America, leading BT’s business with telecommunications operators throughout the region. In London, […]
Dubai-based air services provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50 percent stake in its cargo and ground handling operations at Toronto Pearson International Airport. The unit of Emirates Group said the investment marks dnata’s first step into the Canadian market and is a “significant development in the company’s expansion into the Americas”, less than a year after announcing investments in […]
FRANKFURT German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. U.S. President Barack Obama blocked China’s Fujian Grand Chip Investment Fund (FGC) from acquiring Aixtron’s U.S. business, the Treasury Department said on Friday. “The bidder and Aixtron are evaluating […]
Dubai-based port operator DP World has announced the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers. The investment platform totals $3.7 billion, with DP World holding a 55 percent share and CDPQ the remaining 45 percent, the company said in a statement. The platform will invest in ports and terminals globally […]
By James Macharia | JOHANNESBURG JOHANNESBURG South African President Jacob Zuma has asked the High Court to set aside a report by an anti-corruption watchdog that called for a judicial inquiry into alleged influence-peddling in his government, the president’s office said on Saturday. While stopping short of conclusive findings, the report by the Public Protector watchdog has increased political pressure on Zuma by calling for an investigation […]
Submitted by Robert Parry via Strategic-Culture.org, Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies. One might have hoped that the alarm about “fake news” would remind major U.S. news outlets, such as The Washington Post and The New York Times, about […]
Airline also picks up coveted accolade for 2016 World’s Leading Airline – First Class at the World Travel Awards 03 December 2016 Male, Maldives – Etihad Airways has once again collected the ‘World’s Leading Airline’ award at the 23rd annual World Travel Awards (WTA) Grand Final Gala Ceremony 2016. This marks the eighth consecutive year that the airline has received the prestigious accolade. Last night’s beachside event […]
NEW YORK The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, New York Fed President William Dudley said much progress has been made making the financial […]
In London last month, Arabian Business was treated to a behind-the-scenes explanation of how in March Google’s AlphaGo computer programme thrashed the world’s best player at the ancient board game Go. The match represented a breakthrough in artificial intelligence (AI) research being undertaken by Google’s DeepMind since the start-up was acquired for a reported $400m in 2014. Go involves two contestants moving black and white stones on […]
By Emma Farge | BANJUL BANJUL Gambians reacted with joy and stunned disbelief on Saturday to the defeat of President Yahya Jammeh, one day after he conceded that he lost an election set to end his 22 years in power. Jammeh’s government is accused of crushing dissent and torturing opponents and he had said he would rule for a “billion years”. As a result, few believed he […]
The managed services provider (MSP) model has had a remarkably long run, considering how much IT has changed over the last 20 years or so. Written off by many as the economics of cloud bit into the MSPs’ market share, at one point many were predicting the end of the MSP, displaced by a combination of SaaS and public cloud. Not any more. So what’s changed? MSPs […]
03 December 2016 Abu Dhabi: The food production sector in the Abu Dhabi has enjoyed continued growth in recent years, due to flourishing internal markets and growing export markets. The Emirate’s ability to produce high-quality, competitive and value-added goods, accompanied by a strong logistics network and its strategic geographic location has seen it emerge as one of the most important regional food production and processing centres. As […]
Google has launched a new series of Dubai’s iconic sites on Street View, a feature by Google Maps that allows users to view and navigate 360-degree imagery of major locations across the world. As the United Arab Emirates gears to celebrate its 45th National Day on December 2, Google Maps’ one billion daily users can now explore some of Dubai’s world-renowned landmarks such as the city’s picturesque […]
By Sinead Carew and Chuck Mikolajczak | NEW YORK NEW YORK The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump’s surprise Nov. 8 victory, […]
