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Tesla plans capital raise after share surge

LONDON: Tesla Inc. unveiled its biggest program of new share sales in a decade as a public company on Tuesday, seeking to cash in on soaring Wall Street interest in the company to raise $5 billion

Supply curbs and uncertain demand to keep oil above $40

BENGALURU: Oil prices will see little change this year and a modest uptick in 2021 as output cuts take effect, with the demand picture clouded in uncertainty due to the coronavirus pandemic, a

Macron warns Lebanese politicians of ‘last chance’

BEIRUT: French President Emmanuel Macron issued a stern warning to Lebanon’s political class Tuesday, urging them to commit to serious reforms within a few months or risk punitive action, including

Bahrain king tells Kushner Gulf stability relies on Saudi Arabia

DUBAI: The king of Bahrain told White House adviser Jared Kushner on Tuesday that stability in the Gulf region relies on Saudi Arabia “in all situations,” state news agency BNA said. Kushner is

Morocco’s trade deficit shrinks 18.2% year/year

RABAT: Morocco’s trade deficit shrank by 18% to 100 billion dirhams ($11 billion) in the first seven months of 2020, the foreign exchange regulator said on Tuesday. The global coronavirus pandemic

What a petition for return of French mandate says about Lebanon

LONDON: When the League of Nations issued a decree on Aug. 31, 1920 for the creation of Greater Lebanon under a French mandate, the Arab population was reeling from years of despair under Ottoman

Why Franco-Lebanese ties transcend strategic, economic interests

PARIS: The symbolism could not have been stronger. On Sept. 1, 1920, French Gen. Henri Gouraud, representing the French mandate authority, proclaimed the State of Greater Lebanon from the Pine

Terror risks remains ‘extremely high’ in France: minister

PARIS: The risk of terror attacks in France remains extremely high, the interior minister said on Monday, adding that over 8,000 people were on a national warning list of Islamist radicalization. The

Platini quizzed in Swiss investigation of $2M FIFA payment

BERN: Football great Michel Platini arrived at Switzerland’s federal prosecution office Monday morning to be questioned about a $2 million payment he received from FIFA in 2011. Platini is formally a

‘Woke’ investment falls short in pandemic volatility

It has been accepted wisdom for some time that companies that adhere to the ESG rules — standards associated with environmental regulation, social responsibility and corporate governance — deserve a

Israel and the UAE show they mean business

If the announcement of the normalization agreement between the UAE and Israel this month caught almost everyone by surprise, then the quick progression of relations between the two countries is a

Lebanese designer Rami Kadi launches new initiative for Beirut

DUBAI: A number of celebrities and businesses around the world have pledged to support Lebanon after a massive explosion broke through Beirut on Aug. 4 killing over 200 people and injuring

Former Indian President Pranab Mukherjee passes away

NEW DELHI: Former Indian President Pranab Mukherjee, who had tested positive for COVID-19 earlier this month, died on Monday after weeks in hospital, his son and the current president’s office said.

Lulu joins with Saudi Royal Commission to develop 300 million riyal

RIYADH: The Royal Commission of Yanbu has signed an agreement with the UAE-based retailer Lulu Group to jointly develop a shopping mall in the port city of Yanbu. The project, worth SR300 million

Berlin police demand end to ‘anti-corona’ protests

BERLIN: Berlin police on Saturday called for the dispersal of a mass demonstration against pandemic restrictions and mask wearing because participants were not respecting social distancing measures.

Detained Colombia businessman was negotiating with Iran for Venezuela, lawyers say

CAPE VERDE: A Colombian businessman detained in Cape Verde in June was on a mission to Iran as a special envoy of Venezuelan President Nicolas Maduro to negotiate fuel and humanitarian supplies at

India battles black market in used gloves and masks

NEW DELHI: Indian police are battling a booming black market in used face masks and surgical gloves scavenged in some cases from hospital refuse tips, as people scramble for cheap coronavirus

UK team helps free Iranian hostages from Somali pirates

LONDON: A British team has helped secure the release of three Iranian sailors from Somali pirates, amid heightened tensions between the UK and Iran over the case of the imprisoned charity worker

The survival of memory: Larissa Sansour’s ‘In Vitro’ film debuts inin Middle East at Jameel Arts Center

DUBAI: What happens when the physical world around you disappears in the blink of an eye, your place of residence is no more, your country is in ruins, and life as you knew it is no more?

Types of NRI accounts that you can explore with Standard Chartered in India

Non-Residential Indians (NRIs) and Person of Indian Origin (PIO) have several banking needs that are difficult to be served by any regular bank account. Since these people reside abroad, they generally have their savings and income in foreign denominations such as US Dollars, Euros, etc. Therefore, such individuals need a different account to suit their requirements. NRI accounts have distinctive facilities for amount transfers, tax-related issues, currency […]

How Promoting Employee Happiness Can Benefit Company’s Productivity?

Happiness in the workplace is crucial. It makes the employees more engaged, productive, and creative. When employees have positive emotion, their focus widens, they tend to think big and learn better. That’s why happy employees are extremely important for the performance of any organization. But how can organizations achieve a happy workforce that can add value to a company? Read further to know. Prioritise work-life balance Employees […]

Finland’s Expo 2020 participation to boost Dh2.49bn trade

By Saifur Rahman Finland, which is the world’s first country to develop a masterplan for sustainable zero-waste circular economy, will showcase the country’s expertise in this field at the World Expo 2020 that takes place in Dubai from October, 2020 till April 2021. A circular economy is an economic system that is aimed at eliminating waste and creates a carbo-neutral environment by the continual use of resources. Circular systems employ reuse, sharing, repair, […]

Malta seeks greater ties with GCC, India

By Saifur Rahman Valletta, Malta: The Government of Malta is seeking greater ties with the Gulf countries and India, in order to accelerate its economic growth, highest among the European Union countries, a top official said. The country is also expected to make the best use of the World Expo 2020 in which it is preparing a three-pronged strategy to promote its culture, economy and heritage through […]

Management is dead; it’s time to lead

This glimpse of the future was crafted by: Kate Yoxall When Nicolaus Copernicus proved in the 16th century that the earth actually revolved around the sun, he did more than inflict a breathtaking blow to the human ego. He threw a new paradigm into the atmosphere. Soon brows began to furl with questions around the way that society was configured; if the earth itself was not the centre of […]