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Under the patronage of Prime Minister and Minister of the Interior, His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, QDB will officially open 2nd Government Procurement & Contracting Conference and Exhibition – Moushtarayat 2017 – to the public from 6 to 8 April 2017 The expo is held in partnership with the Ministry of Finance (MoF) National Procurement Awards to recognize big buyers that have contributed […]

M1 has introduced two mobile plans tailored for business users as it looks to increase its service offerings for the local enterprise market. The Singapore telco announced the M1 Enterprise Mobile 6 and 12 plans, offering unlimited local messaging and voice calls, and 6GB or 12GB data allowance that could be used locally as well as in 56 global markets. These countries were selected based on their […]

By Greg Torode and Michael Martina | HONG KONG/BEIJING HONG KONG/BEIJING China is steadfastly opposed to the deployment of advanced U.S. anti-missile radars in South Korea because it does not know whether the defences, intended for North Korean missiles, are capable of tracking and countering Beijing’s own nuclear programme, experts say. Beijing’s resistance to the THAAD (Terminal High Altitude Area Defence) anti-missile system put up south of […]

Energy giant Qatar Petroleum is to launch a new project in the world’s biggest gas field, boosting its output by up to 10 percent, it said Monday. The state-owned firm’s chief Saad Al-Kaabi said it was ending a 12-year moratorium on new projects in the North Field, off the Gulf state’s northern coast. “Qatar Petroleum’s technical studies and assessment of the North Field have confirmed the potential […]

Tesla, the upstart electric carmaker, surpassed US motor pioneer Ford in market value on Monday, as investors look to a future beyond the internal combustion engine. Shares of Tesla, founded in 2003, rose 7.3 per cent to a market capitalisation of $48.7bn, gliding past the 100-year-old Ford, whose shares fell 1.7 per cent after disappointing March sales results to a market value of $45.3bn. While it is symbolic for […]

The annual Cesco Week gathering for the global copper industry starts Monday in Santiago. For the first time in five years, attendees arriving in the Chilean capital can reflect on a copper price that is higher than at the previous year’s event. However, optimism that 2017 represents a turning point in the market should be tempered by the realisation that any sustained recovery in the copper price […]

By Carlos Rawlins and Lesley Wroughton | CARACAS/WASHINGTON CARACAS/WASHINGTON Venezuela’s opposition sought to keep pressure on President Nicolas Maduro with scattered protests on Monday, but there was relief for the socialist government when the Organisation of American States cancelled a crisis meeting. One group of protesters tried to block a major Caracas highway and another dropped a pile of straw in front of court offices to protest […]

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Morgan, Lewis & Bockius LLP has a lost client because of its work for another client: President Donald Trump. Wallace Global Fund, a left-leaning private foundation, has terminated its relationship with Morgan Lewis as a protest against Mr. Trump and the firm’s handling of his business conflicts. The fund’s decision was “out of profound disagreement […] (via WSJ)

The much touted Samsung Bixby smart assistant is exclusive to the latest Galaxy S8 and Galaxy S8+ flagships, but it has already been unofficially ported to older handsets as well. Samsung introduced its new Bixby assistant last month, before the actual unveiling of the Galaxy S8 flagship series. The company promises a “fundamentally different” experience with Bixby as it’s not just another assistant similar to Siri, Cortana or Google […]

Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]

The Sharjah FDI Office (Invest in Sharjah) has announced that total foreign direct investment is expected to exceed a record AED1 billion ($270 million) by the end of the year – an anticipated growth of 15 percent on 2016. A statement said the figures are a testament to Sharjah’s focus on encouraging overseas businesses to establish and expand their assets in the emirate. The forecast sees an […]

AED 77 billion of Dubai real estate transactions during the first quarter of 2017 Dubai, UAE, April 3, 2017 The Dubai Land Department revealed the results of real estate transactions during the first quarter of 2017. His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department announced the value of real estate transactions that reached AED 77 billion through 20 thousand real estate transactions. Dubai […]

By Guy Faulconbridge | LONDON LONDON Just days after Prime Minister Theresa May formally served the European Union with divorce papers, a powerful affliction appeared to strike some in Britain: Brexit fever. Amid a row with Spain and the EU over the status of Gibraltar, a former leader of May’s Conservative party, Michael Howard, even said she would be prepared to go to war to defend the […]

Somali pirates have seized an Indian vessel carrying 11 crew members, the ship’s owner said Monday, the third such hijacking in less than a month as piracy resurges in the country. The “Al Kausar” cargo ship was carrying items such as wheat and sugar from Dubai via Yemen to Somalia’s Bossaso port when it came under attack, owner Isaak Them told AFP. “The vessel was hijacked on […]

LONDON British luxury brand Burberry (BRBY.L) said on Monday it would transfer its beauty business to U.S. group Coty (COTY.N) in a deal that will bring in around $225 million plus ongoing royalty payments and grow the division. Known for its British-made trenchcoats, Burberry’s fragrances include My Burberry and Mr Burberry and it has expanded into cosmetics in recent years to help introduce its brand to younger […]

Australia’s house prices are rising at their fastest pace in seven years, igniting fears of an emerging property bubble and prompting regulators to crack down on risky bank lending. New figures on Monday show residential property prices have increased 12.9 per cent in the past 12 months, with prices in Sydney surging 18.9 per cent — the fastest rate of growth in almost 15 years. “Four of […]

Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]

Since it first entered service with the Soviet army in 1948, the AK-47 and its derivatives have become the world’s most widely used assault rifles. As Statista’s Niall McCarty writes, in his book “AK47: The Story of The People’s Gun”, author Michael Hodges estimates that there are as many as 200 million Kalashnikov rifles in circulation, one for every 35 people on earth. Its popularity among soldiers, […]

When the International Consortium of Investigative Journalists and more than 100 media partners began publishing the Panama Papers investigation on April 3, 2016, almost no country was untouched by its revelations. Governments in more than 70 countries have launched over 150 investigations, inquiries, audits and probes into the affairs of thousands of people and corporations linked to Panama Papers. Just last month, Malta’s tax office announced it […]

With so many respected newsrooms still adjusting to having the president call them “enemy of the American people,” next week’s announcement of the 2017 Pulitzer Prizes feels like a showdown. What will the winning journalism say about the press’ value to the public? We’re about to find out. Pulitzer selections reflect a closed-door, two-step process at New York’s Columbia University, which administers the prizes. Jurors from around […]

SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]

Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]

The number of data breaches in the Middle East has risen 16.67 percent since 2015 as hackers become increasingly sophisticated, according to research. New data from global cybersecurity firm Gemalto found that approximately 45.2 million data records in the Middle East were compromised in 2016, compared to 38.5 million in the previous year. Globally, 1.4 billion data records were compromised in 2016 as hackers targeted large-scale databases […]

By Alexandra Ulmer | QUITO, Ecuador QUITO, Ecuador The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation’s vast oil wealth. The reversal on Saturday came after political leaders worldwide and street protestors at home accused the pro-government court of effectively making Maduro […]

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