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24 February 2017 MARC has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) medium-term notes (MTN) RM130 million Class A, RM25 million Class B and RM15 million Class C respectively. Concurrently, MARC has assigned a MARC-1 rating to Kinabalu Capital’s issue of up to RM170 million commercial papers (CP). The issuance of the rated MTN and/or CP with a combined […]

It might already be two months into the new year, but in terms of hotel milestones, it’s just about to start. Just as the UAE’s residential sector is producing a much-needed surplus of property, consumers are set to benefit as this year’s hotel industry pipeline turns out a wave of audacious new developments. From a new Viceroy, Langham and Bulgari in ­Dubai to an Aloft in Al […]

Emirates is set to launch a series of new cabin products and enhancements in 2017 for both its A380 and Boeing 777 fleet. The multi-million dollar cabin interiors upgrade programme includes an enhanced Onboard Lounge for its flagship Airbus A380 aircraft, the Dubai-based airline said in a statement. It said the A380 Lounge upgrade has been inspired by private yacht cabins, with seating space increased. Sir Tim […]

Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]

Horizon Zero Dawn opens to a protracted introduction of its post-apocalyptic machine-festered world. It’s tedious, as regarded by one reviewer, but it’s essential, because the game’s open world, like all open worlds, is massive. The game is Guerrilla Games’s latest handiwork after Killzone Shadow Fall, the flagship Killzone title released in 2013 for the PlayStation 3. Even before release, it has already garnered acclaim, netting Best Original […]

Despite financial woes, Faraday Future is pushing through with its factory in Las Vegas, six months after its construction was stopped from lack of funding. In a statement published on the company’s website, Faraday Future says it will have a competitive bidding process for the construction of its car plant, and has already solicited five bids from “top U.S. and international contractors.” This news comes on the […]

19 February 2017 Manama – (The 13th Annual Middle East Insurance Forum (MEIF 2017), being held in partnership with the Central Bank of Bahrain (CBB), is set to commence on 20 February 2017 in the Kingdom of Bahrain with the expected participation of more than 400 high level attendees to explore “Current Challenges and their Implications on the Regional Insurance Industry – The Road Ahead”, the theme of this year’s event. A […]

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18 February, 2017 ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan has submitted an affidavit to the Supreme Court seized with the Panama Papers case, asking it to ignore the two Qatari letters produced by the Sharif family as evidence of their stance in the case. In the letters dated Nov 5 and Dec 22, 2016, former Qatari prime minister and foreign minister Sheikh Hamad […]

One of the iPhone 7 Plus’ selling points is its dual rear camera that can take magnificent bokeh shots using the Portrait Mode. Now, Apple has posted two new videos on YouTube to highlight the Portrait Mode exclusive to the iPhone 7 Plus. The 15-second videos show how the Portrait Mode can make a big difference in a photo because of its ability to blur out the […]

Gautam Sharma Back in the good old days, Honda was an engineering-focused company that gave us scintillating driver’s cars such as the 1990s NSX, DC2 Integra Type R and S2000 roadster. But for the past decade or so the Japanese carmaker has been content to adopt a much more conservative posture, churning out good quality – but vanilla-flavoured – offerings. Pretty much every model in the current […]

By Hyunjoo Jin and Joyce Lee | SEOUL SEOUL Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul […]

The Samsung Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, and Galaxy Note 5 are all set to be receiving the software upgrade to Android 7.0 Nougat imminently. The vice president of Samsung electronics in Turkey has confirmed the timeline for the release of the Nougat update to the devices in his country, meaning users of the smartphones in the rest of Europe should be receiving the […]

There has been a buzz for some time regarding Apple’s next flagship smartphone, the iPhone 8, which is also dubbed the iPhone X. Recent rumors have indicated that the device would support wireless charging. Now, a renowned analyst – Ming-Chi Kuo of KGI Securities – has revealed yet another supposed detail about the upcoming device. In a note to investors, which has been obtained by publication AppleInsider, he shared […]

Mixing Gnawa grooves, desert blues, Cambodian psych-rock, Ukrainian folk-punk and Brooklyn bhangra-jazz, New York University Abu Dhabi’s free two-day Barzakh Festival is the widest celebration of global sounds in the UAE since Womad Abu Dhabi shut shop in 2010. Each act will play for about an hour. Here is the lowdown on what to expect. Thursday (from 7.30pm) Noura Mint Seymali Noura Mint Seymali, the Republic of […]

LG G6 features will use the 1:1 Square GUI. (LG Electronics) LG Electronics’ upcoming G6 smartphone will have a new UX that utilizes the 18:9 ratio Full Vision display, the company has said. The South Korea tech giant on Thursday also posted a teaser on YouTube that highlights features available through the UX on the next flagship phone. LG said the new UX offers better search and […]

Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]

The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]

SoftBank’s billionaire founder Masayoshi Son, who has boasted of creating the “Berkshire Hathaway of tech”, has thrown himself into the world of private equity and hedge funds with a $3.3bn acquisition of US alternative asset manager Fortress Investment Group. The deal, which follows the Japanese group’s traditional focus on telecoms and internet, comes just as SoftBank is emerging as one of the world’s largest investors with the […]

Huawei’s next flagship smartwatch is now believed to be unveiled at this year’s Mobile World Congress, as informed by a recent Weibo post by Huawei’s CEO. The device in question will reportedly feature calling, texting, and more, without a smartphone.  ( Vivien Killilea | Getty Images ) Huawei looks seemingly set to unveil its next flagship smartwatch, the Huawei Watch 2, at this year’s Mobile World Congress in […]

The highly anticipated Samsung Galaxy S8 and S8 Plus are not official yet, but Samsung India has already launched what looks like a support page for the larger smartphone. Samsung had a bit of a mixed year in 2016, tasting both success and failure with its flagships. While the Galaxy S7 and Galaxy S7 edge proved popular and raised plenty of interest, the Galaxy Note 7 was […]

Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion to gain access to its flagship body contouring technology. The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close. (Reporting by Natalie Grover in Bengaluru; Editing by Shounak Dasgupta) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var […]

The latest retailer to join the “anti-Trump resistance“, is also the one which despite being closest to death managed to crush short sellers on Friday after its stock soared on the announcement of yet another hail ymary restructuring: according to Reuters, Sears and Kmart are discontinuing online sales of 31 Trump Home items. An obvious publicity stunt meant to distract the public’s attention from the company’s chronic […]

If the new proposal is approved next Wednesday, Munich employees’ desktops will be running Windows 10 by the end of 2020. Image: Getty Images/iStockphoto Munich’s city authority is a step closer to moving thousands of council computers from Linux to Windows, in a reversal of one of open-source software’s marquee successes. The authority’s administrative and personnel committee this week made a long-awaited recommendation for the reorganization of […]

PNC Menon is a busy man — it takes several months to lock an interview into his diary. But on the day of our meeting in Dubai, the Indian-born real estate developer exudes characteristic warmth and courtesy, refusing to allow Arabian Business to leave without a bowl of Middle Eastern halva and repeatedly asking whether we have enough milk in our tea. A long-term UAE resident and […]

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