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Abu Dhabi, United Arab Emirates, 12th of May 2017 Her Excellency Mariam Mohamed Al Rumaithi, Chairwoman of the Emirates Businesswomen Council and Chairwoman of the Abu Dhabi Business Women Council (ADBWC) accompanied by a number of businesswomen, officials, and important figures inaugurated the 1st edition of Lifestyle and Children and Parents World that is being held at Abu Dhabi National Exhibition Center – ADNEC. After her tour […]

Sharjah Investment and Development Authority (Shurooq) has announced the launch of a new brand of hotels – Sharjah Collection.       In its first phase of development, Sharjah Collection has unveiled its first three properties, including Kingfisher Lodge, a collection of tented lodge-style accommodations surrounded by mangroves and diverse ecological zones.  Al Badayer Lodge will also be included and will be developed against the backdrop of a prominent natural […]

Pantech, Korea’s third-largest handset maker, has suspended its smartphone business and will commence restructuring, a move that could see it end for good despite surviving a dramatic bankruptcy filing two years ago. In an email to employees, Jung Jun, the chairman of Optis, the parent company of Pantech, said the company will halt production of smartphones and commence the restructuring. The company will retain its Internet of […]

Kuala Lumpur, 11 May 2017  The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]

Female professionals in Singapore are calling it quits, as 77% of them set their sights on better job opportunities in the next 12 months, according to findings from a new study by Monster.com. The study, which surveyed over 2,000 respondents across Southeast Asia, sheds light on the challenges women and mothers face in the workplace. Through the study, Monster.com wants to help employers understand how to bridge […]

Pets at Home hit a record low on Thursday amid fears of a profit warning with its full-year results this month. Morgan Stanley slashed earnings forecasts for Pets at Home’s 2018 financial year to reflect margin pressure, continued weak sales and rising costs. So-called “category killer” specialist retailers need high gross margins to be economically viable because they suffer from low sales densities and slow stock turn, […]

ABUJA The 82 girls freed by Boko Haram on Saturday after being held captive for three years are still waiting to be reunited with their families, while all the girls found last year will be heading back to school in September, Nigerian officials said. Twenty four girls, who were among around 270 kidnapped by the Islamist militant group from the town of Chibok in northeast Nigeria in […]

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WASHINGTON Russia’s attempts to interfere in foreign elections are one of the top worldwide security threats, the senior Democrat on the U.S. Senate Intelligence Committee said on Thursday. “Russia’s direct interference in democratic processes around the globe is a direct assault that we must work together to repel,” Senator Mark Warner said as the panel began its annual hearing on worldwide threats, featuring testimony by leaders of […]

A thief, your kids skipping school or paranormal activity? That’s the question that Lighthouse aims to answer with its new interactive assistant. By combining sophisticated sensors with computer vision technology, the Lighthouse team hopes to deliver an experience that brings more day-to-day value than a mere home security solution. Coming out of Stealth today, the company is equipped with $17 million in venture capital financing from Eclipse Ventures, Playground Global, […]

There can’t be many global brands that have the means, or even the inclination, to shut down an entire city block in Los Angeles – but that is precisely what Hermès did earlier this year. As part of its touring spring/summer 2017 men’s collection, for one night, Hermès transformed a forgotten warehouse in Los Angeles into DwnTwnMen LA, an interactive exhibition, fashion show venue and art space. […]

Ericsson has launched its “dynamic orchestration” solution, which the networking giant said will allow mobile telecommunications carriers to migrate to 5G and Internet of Things (IoT) applications by virtualising their networks. Ericsson’s self-professed “ambition to lead IT transformation services” led it to develop the solution, which delivers cloud-based software and professional services on demand and in real time, with the solution working across hybrid networks and multiple […]

BT’s own goals cost the boss dearly. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Two months ago, all Paris St Germain had to do to reach the quarter finals of the European Champions League was not concede three goals in the final 2 minutes of their match against Barcelona. Barcelona’s ensuing […]

By Ben Blanchard | BEIJING BEIJING When leaders of 28 nations gather in Beijing next week for a summit to map out China’s ambitious new Silk Road project, one question is likely to be on attendees’ minds – what exactly is the Belt and Road Initiative? Proposed in 2013 by President Xi Jinping to promote a vision of expanding links between Asia, Africa and Europe underpinned by […]

11 May 2017 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 and the total financing and investments recorded slight increases at the end of March 2017 compared to end of December 2016. Al Baraka Banking Group has continued during the first quarter of 2017, […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]

SHANGHAI China is testing the ability for future astronauts to stay on the moon for extended periods, as Beijing accelerates its space programme and looks to put people on the surface of the moon within the next two decades. The official Xinhua news agency said volunteers would live in a “simulated space cabin” for between 60-200 days over the next year helping scientists understand what will be […]

Just hours after the Fed’s March “dovish” rate hike, when stocks paradoxically surged to all time highs and yields tumbled, Goldman found something strange: “surprisingly, financial markets took the meeting as a large dovish surprise—the third-largest at an FOMC meeting since 2000 outside the financial crisis, based on the co-movement of different asset prices.” Even more surprising is that according to Goldman, its financial conditions index, “eased […]

Sultan bin Sulayem: The vision of Mohammed bin Rashid has turned innovative ideas into distinctive and brilliant achievements Go Global! This year Ideas Arabia gives winners of 2 categories – Executive Leadership & Idea of the Year, a unique opportunity to compete globally in ‘The Global Award’ taking place in 2018. Leaders and experts came together to meet for the two-day conference to support the […]

By Mark Hosenball and David Shepardson | WASHINGTON WASHINGTON The Trump administration is likely to expand a ban on laptops on commercial aircraft to include some European countries, but is reviewing how to ensure lithium batteries stored in luggage holds do not explode in midair, officials briefed on the matter said on Wednesday. Any expansion of the ban could impact U.S. carriers such as United Airlines (UAL.N), […]

Jonathan Hunt, Vox Media’s former vice president of international operations, has left the digital news publisher for a job leading National Geographic’s audience development and digital strategy. Hunt’s hire is part of an expansion of National Geographic’s digital team. Also new at National Geographic will be Marcus East, formerly the digital director at retail company Marks and Spencer, who will be executive vice president of product and […]

Oil prices extended their gains after a report showed US crude stockpiles fell by the biggest margin since December and were down for the fifth straight week. Inventories of US crude fell by 5.25m barrels in the week ended May 5, according to the Energy Information Administration. That topped forecasts for a draw of 1.9m barrels. This was the largest streak of back-to-back declines in US oil […]

ABU DHABI // Experts have called for more police presence, the use of new technologies and effective publicity campaigns to reduce speed-related crashes on the country’s roads. The Fourth UN Global Road Safety Week, which will run until May 14 and has the theme Save Lives #SlowDown, focuses on managing speed and what can be done to address this key risk factor in road traffic deaths and […]

A new report indicates that life expectancy in the United States varies by as high as 20 years depending on one’s county of birth. Researchers at the Institute for Health Metrics and Evaluation at Washington University undertook the study and revealed the existing disparity in life expectancy from county to county. Life Expectancy Disparity The lead author of the study Christopher Murray and team examined death records of […]

Koreans spent the most time using apps on their smartphones, a survey showed. App Annie, an app usage research firm, showed that Koreans spent the most time — 200 minutes per day on average — using mobile apps among countries surveyed for the first quarter of the year. Korea was followed by Brazil, which spent a little over 180 minutes per day, followed by Mexico with 180 […]

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