Etihad Airways has collected the World’s Leading Airline award at the 23rd annual World Travel Awards Grand Final Gala Ceremony 2016. This marks the eighth consecutive year that the airline has received the prestigious accolade, the airline said in a statement. Friday night’s beachside event was held before an audience of the industry’s leading lights at the Sun Siyam Iru Fushi Beach Resort in the Maldives. Etihad […]
Virginia-based Kryptowire said that it had discovered the problem in a number of Android-based phones using firmware from the Chinese company Shanghai ADUPS Technology A US security company says a Chinese-made smartphone popular in the United States forwarded detailed user data and user texts back to a Chinese server without the phone owner’s knowledge. Virginia-based Kryptowire, which provides mobile security services to government agencies and private businesses, […]
BEIJING The chairman of China’s securities regulator condemned “barbaric” leveraged company buy-outs by some asset managers using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) website on Saturday. “You’ve ultimately become a robber in the industry, and that is unacceptable,” CSRC chairman Liu Shiyu said during his strong-worded speech at a meeting held by the Asset Management Association of China. Liu […]
Successful SMEs set to become part of the supply chain for Qatar Shell and Pearl GTL 03 December 2016 Doha: As part of a nationwide strategy to support Qatari small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell will award contracts for five business opportunities; four will be awarded at a special ceremony on 5th December, and a fifth contract will be signed and announced […]
Bolivia’s President Evo Morales promised tough action over the airline crash that killed most of the Brazilian football team Chapecoense on Monday night. The deaths of the 71 people, who also included team officials and journalists, in the crash follow indications the British Aerospace regional jet had run out of fuel and amid speculation that it was on a flight path that was longer than its specified range. “Drastic […]
Businesses operating in GCC countries should brace themselves for further government action to raise non-oil revenues, according to a new ICAEW report. The accountancy and finance body said that given the weak outlook for oil prices, imposing tax measures, along with subsidy reforms, spending cuts, and a freeze on public sector recruitment and pay, will help to close the fiscal gap. Its Economic Insight: Middle East Q4 […]
All of a sudden, it’s executive pay time. Here is The Purposeful Company, the product of a steering group of seven grandees, a task force of nine more, plus a dozen contributors, together demonstrating that those getting today’s executive pay have nothing useful to say on the subject, as Neil Austin forcefully pointed out on our letters page this week. This followed an earlier suggestion that incoming […]
By Nate Raymond | NEW YORK NEW YORK Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October after New York state enacted a law imposing fines of up to $7,500 on hosts who advertise illegal short-term […]
The Middle East is one of the largest importers of French dairy products in the world, according to the latest research from the country’s official cheese board, the Centre National Interprofessionnel de l’Economie Laitière (CNIEL). The research puts the Middle East ahead of China ($354 million), North America ($270 million), Switzerland ($137 million) and Australia ($30 million). Of the $8 billion of French dairy produce exported around […]
US President Barack Obama has blocked a Chinese company’s purchase of German chip equipment manufacturer Aixtron on national security grounds in a move that highlights the growing hostility towards Chinese cross-border investment in western countries. In a presidential order issued on Friday, Mr Obama said “there is credible evidence” that Chinese investors Fujian Grand Chip “might take action that threatens to impair the national security of the […]
The safety & security offered by the country, ranked high on expats’ preference list Dubai, December 1, 2016 38% of expats residing in the UAE who were surveyed by Xpress Money, consider the country to be their home because they feel safe and have a sense of security here. 27% of expats are grateful for the good career opportunities and the cultural diversity the country has to […]
Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters. Karim El Solh declined to say which stakes the Abu Dhabi-based company, one of the biggest private equity firms in the region, was considering offloading but said that they would be appealing to global […]
The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA’s (NWC.OL) Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. The order finalized a tentative ruling the department made in April and came days after the European Commission formally filed for arbitration over Norwegian’s request, which had languished for three years. U.S. airlines […]
5G subscriptions are forecast to reach 20 million by 2022 in the Middle East and North East Africa, according to new research from tech giant Ericsson. Its Mobility Report for the Middle East and North East Africa also said mobile subscriptions are growing steadily across the region. They are expected to reach 690 million by the end of 2016, making up to 8 percent of the global […]
Everyone wants to know when fully self-driving cars will be ready for the road. The companies developing the technology usually give a timeline of several years to decades away. Automotive parts manufacturer Delphi and Mobileye are no different, and during a media roundtable this week in San Francisco, Delphi’s VP of services, Glen DeVos, envisioned a long-term timeframe for the widespread use of the technology. […]
Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a […]
DUBAI An American-Iranian dual national and his wife have been in detention in Iran without charge or access to lawyers since their arrest by elite Revolutionary Guards in July, a New York-based rights group said on Friday. The International Campaign for Human Rights in Iran (ICHRI) said Karan Vafadari and his wife Afarin Niasari, who run an art gallery in Tehran, were being held in Tehran’s Evin […]
A worker holds part of a pair of trousers at PT Trisula Garmindo Manufacturing in Bandung, West Java province September 17, 2013. In PT Trisula International’s hangar-sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world’s top brands. Amid the clatter and hum of their machines are hopes for a renaissance that can restore Indonesia’s place among […]
Donald Trump has named Stephen Schwarzman, chief executive of Blackstone, as chairman of a new council of strategic advisers, capping a week that has seen Wall Street veterans installed at the heart of the incoming US administration. The president’s strategic and policy forum, which will meet for the first time in February, also includes JPMorgan Chase chief executive Jamie Dimon and Larry Fink, founder of BlackRock, among […]
UAE rulers gathered together on Friday to open Dubai’s new $136 million museum, launched as part of the country’s 45th National Day celebrations. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan were joined by leaders from the other emirates at the Union House, in the same hall where the UAE’s founding fathers gathered 45 years ago. […]
Mr. Mater is now publishing these photos, and more than 600 others, in a book that aims to showcase often-hidden aspects of the holy city. Continue reading the main story The book, “Desert of Pharan: Unofficial Histories Behind the Mass Expansion of Mecca,” provides an unvarnished photographic catalog of the city: labor camps for foreign workers; slums where undocumented residents live; aerial views of scores of construction […]
Home» Pakistan » General News Friday, 02 December 2016 21:57 Posted by Fawad Maqsood ISLAMABAD: Minister of State for Capital Administration and Development Division Dr Tariq Fazal Chaudhry Friday said Pakistan Tehreek-e-Insaf (PTI) had not presented any evidence before the Supreme Court (SC) regarding Panama Papers case. Talking to a private TV channel, he said PTI […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls increased by 178,000 jobs last month after increasing by 142,000 in October, the Labor Department said on Friday. The solid employment gains likely reflect […]
When Dala Farouki Kakos was a child, her parents invested in three Syrian chests, with matching mirrors, in the traditional sadaf style – on the understanding that they would be passed on to Kakos and her two siblings once they were grown up and had homes of their own. Beautifully embellished with mother of pearl, Kakos’s set has accompanied her on her travels around the world, and […]
