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By Roberta Rampton and Ayesha Rascoe | WASHINGTON WASHINGTON President Donald Trump on Friday released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, confirming that he has surrounded himself with some very affluent advisers. White House ethics officials said the legally required disclosure documents provided a snapshot of assets and positions held by personnel when they […]

Marka, the UAE’s first retail-focused listed company, has reported a net loss of AED150 million ($40.8 million) for the full financial year of 2016. The company, which has exclusive rights to manufacture and sell Real Madrid products in the Gulf region, reported total revenue of AED294 million, an increase of nearly 37 percentover the full year results for 2015. Marka added that the net loss was mainly […]

Investors are flocking back to European equities and propelling a rally across continental stock markets as money managers downplay fears around the upcoming French elections and fallout from Brexit. The shift — which follows a torrid 2016 when investors pulled roughly $100bn from the asset class — has been driven by hopes of a synchronised global economic expansion accelerating. European stock fund managers received $1.5bn in the […]

A Qatar-based investment firm has announced it has invested in Voopter, the largest flight metasearch engine in Brazil. After reaching the mark of two million users per month, No Borders Investments (NBI) said it has made a “substantive investment” with co-investor Travel Capitalist Ventures, without giving specifics. The Doha-headquartered private investment firm said it typically makes investments of between $1-100 million in market leaders around the world. […]

The Future Cities Show will be attended by experts from varied industries, including tech entrepreneurs, futurists and professionals UAE, Dubai, 31 March 2017 The inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which will run from April 2nd – 4th, will oversee some of the world’s most influential smart tech innovators converge at the show to develop key strategies and strengthen collaborations. The event will be […]

The Samsung Galaxy S8 is officially out of the bag, and it’s one of the most powerful smartphones of 2017, rocking top-notch specs and features all around. The latest Samsung flagship is bound to go head-to-head with other high-end smartphones racing for the top spot, so let’s see how it stacks up against Apple’s iPhone 7 from last year and the recently released LG G6. Samsung Galaxy […]

Princess Haya, wife of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, visited Australia this week as part of an official UAE visit. During the three-day trip, Princess Haya, known for her humanitarian work, discussed the country’s aid programme with several government ministers, including Governor General Sir Peter and Lady Cosgrove, and Julie Bishop MP, the Australian Minister of Foreign Affairs development programme. As Chairperson […]

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Emirates has announced plans to launch a daily A380 service to Nice, gateway to the French Riviera and Provence. The daily A380 service will start on July 1. After Paris, Nice becomes Emirates’ second destination in France to welcome the iconic double decker, the Dubai-based airline said in a statement. Nice is currently served with a daily flight operated by a Boeing 777-300ER. The deployment of an […]

US farmers have signalled plans to sow soyabeans across an area the size of Germany this year, an expanse that reflects the relentless rise of meat demand in China and other emerging economies. The record 89.5m acres (36.2m hectares) of soyabean fields would follow all-time high plantings in South America, the other leading grower of the oilseed. The harvest under way in Brazil is set to surpass […]

By Toby Sterling and Joshua Franklin | AMSTERDAM/ZURICH AMSTERDAM/ZURICH Swiss bank Credit Suisse (CSGN.S) has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on […]

If binge-watching Netflix movies and TV shows is your forte, you could get paid for it if you’re also good with languages and translations. Netflix is looking for people to help with translating subtitles and it launched a new program called Hermes, designed to address the challenge of finding good subtitle translators in different countries worldwide. Help Create Netflix Subtitles Through Hermes, Netflix wants to find collaborators who will […]

Dubai, UAE, Singapore, March 31, 2017  Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]

ABU DHABI // Since she won the Genes in Space competition earlier in this year, school pupil Alia Al Mansoori’s life has been transformed. From meeting Sheikh Mohammed bin Zayed at the Sea Palace, to training to be an ambassador at Expo 2020, fine-tuning her experiment and attending school, Alia’s schedule is busier than it has ever been. In a national competition, which challenged pupils to come […]

The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]

LONDON Global food crises worsened significantly in 2016 and conditions look set to deteriorate further this year in some areas with an increasing risk of famine, a report said on Friday. “There is a high risk of famine in some areas of north-eastern Nigeria, Somalia, South Sudan and Yemen because of armed conflict, drought and macro-economic collapse,” the Food Security Information Network (FSIN) said. FSIN, which is […]

With Adam Rawnsley   Looking for a deal. Michael Flynn, President Donald Trump’s former national security adviser, has offered to be interviewed by the FBI and House and Senate investigators examining the Trump campaign’s potential ties to Russia, in exchange for immunity from prosecution, “but has so far found no takers,” according to the Wall Street Journal. In a statement on Thursday evening, Flynn’s lawyer Robert Kelner, […]

Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]

ABU DHABI // The war against human trafficking is being hampered by factors including a lack of unified laws in the countries affected and political differences, a summit has heard. “Different legislation definitely affects the path of the investigation,” said Col Hamad Al Zaabi, the Ministry of Interior’s deputy director of federal investigations. “In the country of origin they lack organisational structures, procedures and measures, so it’s […]

March 31, 2017 by: Nicholas Megaw in London South African president Jacob Zuma’s dismissal of his well-regarded finance minister Pravin Gordhan has left the country’s currency on course for its worst week since 2015 and hit prices in the country’s government bonds and its banking stocks. It has also left analysts expecting imminent downgrades to the country’s credit ratings. The firing of Mr Gordhan — which was […]

By Ingrid Melander and Johnny Cotton | PARIS/MALESHERBES, France PARIS/MALESHERBES, France A 90-minute train ride from the Gare de Lyon station in Paris traces a political gulf between big-city voters and the rest, a divide that has shaken up Britain and the United States and has an outside chance of doing the same in France’s upcoming vote. The further you go, the greater the support for the […]

China’s factories stopped losing jobs in March for the first time in nearly five years as manufacturing activity grew at the fastest pace since 2012, according to an official gauge of the sector. The official purchasing managers’ index for China’s manufacturing sector came in at 51.8 in March, climbing further above the 50-point mark separating growth from contraction. But the biggest turnround came from a sub-index tracking […]

Friday 05.10 BST Overview Asian stocks were mostly positive on Friday as investors prepared to end a solid first quarter of 2017 and Wall Street closed in on record highs. Hot topic 1 South Africa’s rand was 1.2 per cent weaker in Asian trading in the wake of the nation’s finance minister, Pravin Gordhan, being dismissed on Thursday by President Jacob Zuma. The currency has shed a […]

Future of manufacturing requires strong SME sector, HE Saif Al Hajeri tells delegates Daylight Programme has positive impact on females working in manufacturing sector Partnership with universities has helped develop technologies which UAE can export Abu Dhabi, UAE, March 30, 2017 HE Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the […]

By Nichola Saminather | SINGAPORE SINGAPORE The dollar extended its overnight gains in early Asian trade on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. Stock markets in Asia were off a bit despite solid gains on Wall Street as investors awaited China’s official manufacturing purchasing managers index data for March. The […]

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