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Delegates arrives for a special meeting of the General Council Preparatory Committee on Trade Facilitation at the World Trade Organization (WTO) headquarters in Geneva November 27, 2014. Reuters/Denis Balibouse/Files GENEVA The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries […]

A zoomed image of a computer screen showing the Amazon logo is seen in Vienna November 26, 2012. To match Special Report TAX-AMAZON/ Reuters/Heinz-Peter Bader Amazon.com Inc (AMZN.O) swung to an unexpected quarterly profit on higher sales in North America, its popular Prime subscription service and growing demand for its Web services, sending the online retailer’s shares up more than 17 percent. Amazon also forecast third-quarter revenue […]

Defense Secretary Ashton B. Carter, right, and Gen. Taleb Shegati al-Kenani, second from right, commander of Iraq’s Counter Terrorism Service, reviewed maps at the joint operations center in Baghdad on Thursday. By HELENE COOPER July 23, 2015 BAGHDAD — Around 3,000 newly American-trained Iraqi troops, along with 500 trained Sunni tribal fighters, have been deployed to help in an expected government offensive to retake the Sunni stronghold of Ramadi […]

UAE. The current shortage of middle income housing is one of the greatest challenges facing the real estate industry in the Middle East, said Craig Plumb, Head of Research at JLL MENA. “With a shortage of housing for those families earning salaries around the UAE average, it is important that we address some of the best practice initiatives and developments that have been launched in the Emirates, […]

INTERNATIONAL. In my “Net Assessment of the World,” I argued that four major segments of the European and Asian landmass were in crisis: Europe, Russia, the Middle East (from the Levant to Iran) and China. Each crisis was different; each was at a different stage of development. Collectively the crises threatened to destabilize the Eurasian landmass, the Eastern Hemisphere, and potentially generate a global crisis. They do […]

An Apple iPhone 6 is seen on display at the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters/Mike Segar Forget that iPhone unit sales were not as strong as many had expected; that the revenue forecast fell short of the average estimate, and that there was no clarity on Apple Watch sales. Analysts, for the most part, remain […]

DUBAI // Dozens of athletes and celebrities took part in the Dubai Sports Council’s initiative for orphans in the emirate. More than 100 children between the ages of seven and 16 were given the opportunity to play with professional athletes, most of whom volunteered to take part in the event during their off seasons. The event took place at Dubai Sports World at the World Trade Centre. […]

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|By Matein Khalid| As a student of investing and the son of a painter/art historian, I cherish art as a visceral, spiritual value but am also intrigued by its historical linkage to banking and the financial markets. The happiest moments of my life have been spent in the Prado, Tate, Hermitage, Rijksmuseum, Ufizi, MOMA, Met, the National Gallery on Trafalgar Square, the Louvre, Musee d’Orsay and so […]

INTERNATIONAL. Africa continues to remain vastly unexplored, and making Africa’s most remote regions accessible for trade will not only promote prosperity in those regions, but also elevate the continent’s continued growth path. This is according to Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa, commenting on The Role of Trade in Ending Poverty report, jointly written by the World Bank Group and World Trade Organisation, recently released by […]

Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut. West Texas Intermediate decreased as much as 1.9 percent. Iran will focus on regaining oil sales it lost due to sanctions regardless of the impact on prices, Oil Minister Bijan Namdar Zanganeh said in Tehran Monday. U.S. crude […]

UAE Exchange in community development partnership DUBAI, 3 days ago UAE Exchange, a leading remittance, foreign exchange and payment solutions brand, has extended its philanthropic arm by partnering with Community Development Authority of Dubai to benefit various local community groups, educational institutions, charitable organisations, labour camps and government departments. Varghese Mathew, country head – UAE, said: “We are an organisation that is committed to the betterment of […]

SINGAPORE, 3 days ago Chinese ultra wealthy individuals claimed nine of the 10 spots on a list of Asia’s richest millennials (definite as those born from 1981 to 1997), revealed Wealth-X, an authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Three of the 10 spots on the list were occupied by female Asian […]

Bank ABC in $250m million loan facility deal MANAMA, 3 days ago Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar. The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the Gulf Daily News (GDN), our sister publication. Besides Bank ABC, which acted as the […]

New Italian mobile operator picks Oracle cloud MILAN, 3 days ago Ringo Mobile, a new mobile telephony operator which has just entered the Italian market, has chosen Oracle Cloud to guarantee flexible company management in total security. Ringo Mobile is part of the ICS Group, founded in 2008 and active today in Switzerland and Egypt. The company aims to expand its presence in Italy and plans to […]

Intel Q2 revenue drops 4pc to $13bn NEW YORK, 3 days ago Intel Corp reported that its net revenue fell 4.6 per cent to $13.19 billion during the second quarter of the year, edging past the average analyst estimate of $13.04 billion. Growth in the company’s data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company’s chips. Shares of the world’s […]

|By TAP Staff| With the nuclear deal between Iran and the world powers complete, American business interests are looking for opportunities. But before all the sanctions are lifted, U.S. and global businesses will have to clear plenty of hurdles before they begin investing in and selling to Iran, Voice of America said. The agreement, which puts strict limits on Iran’s nuclear development for 10 years, calls for […]

|By TAP Staff|Shreyas Shipping, leading coastal container operator and part of Transworld Group, which owns most number of container ships in India, has taken delivery of two more ships within three days. Shreyas has thus added 37,597 GRT to Indian tonnage of its existing GRT of 98,696 to raise the total fleet strength to eight Indian flag container ships, Ramesh S. Ramakrishnan, Chairman of Transworld Group, said. […]

Google Inc’s (GOOGL.O) shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc’s (FB.O) push into video. The stock’s surge, which sent the Nasdaq composite index to a record intraday high, came a day after Google reported better-than-expected profit for the first time in […]

UAE. Retailers in the UAE experience some of the best conditions in the world in which to operate in, benefitting from a strong quality of infrastructure and a robust economic environment, says Arcadis in its Retail Operation Index. The UAE ranks eighth place in the overall rankings and first place in the Middle East, while quality of transportation and ease of getting up-and-running is holding many other […]

VIENNA — One by one, the roadblocks to a nuclear accord between Iran and the United States had been painstakingly cleared. But as the negotiations went into their third week in the neoclassical Coburg Palace hotel this month, a major dispute lingered over whether a ban on Iran’s ability to purchase conventional weapons and missile technology would remain in place. The American delegation, led by Secretary of […]

DUBAI // For decades, Dubai Creek has been a hub of activity as traders bring in goods and sell their wares at the bustling markets nearby. Even today, laden dhows can be seen unloading items to be sold at the Spice Market, on the Deira side of the saltwater Creek, and other souqs around the city. Most of these dhows’ captains are Bangladeshis and Pakistanis but, in […]

TEHRAN — “Happy nuclear deal” said Cyrus Razzaghi, a business consultant here, when he picked up the phone on Wednesday. Mr. Razzaghi has been trying to make a business of organizing seminars and meetings for European and American companies interested in Iran, but it had been a bit slow until now. Even though, technically, many of them could have done business here despite the sanctions, they feared […]

India exports plunge again, clouding growth outlook  Full Article  Pakistan says it shot down Indian drone near LoC  Full Article  Asia ready to buy more Iranian oil when sanctions lifted  Full Article  Insight – From remote outpost, India looks to check China’s Indian Ocean thrust  Full Article  Lack of interest brings end to Champions League T20  Full Article  Sri Lanka seeks new funding sources in shift away from ally China   Full Article  […]

INTERNATIONAL. A desperate battle was fought last week. It pitted Germany and Greece against each other. Each country had everything at stake. Based on the deal that was agreed to, Germany forced a Greek capitulation. But it is far from clear that Greece can allow the agreement reached to be implemented, or that it has the national political will to do so. It is also not clear […]

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