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DUBAI // Heriot-Watt University Dubai Campus has become the first in Academic City to offer the world’s most widely used English proficiency test. The International English Language Testing System (IELTS) measures the language ability of people who want to study or work where English is used as the language of communication. Heriot-Watt University in the emirate is now a registered testing centre for the qualification. The university […]

For Myanmar’s first generation of bank customers, there is little difference between a Visa card and one from China’s state-controlled card-payment monopoly, UnionPay. With only 2 per cent of the Southeast Asian nation’s 53m people carrying plastic in their wallets, UnionPay’s rapid push into the frontier market will make its red, blue and green logo one of the first that Burmese youth see when opening an account […]

23 April 2017 H.E Ali Salim Al Midfa, Chairman of Sharjah Airport Authority, was re-elected to serve a second term as Regional Board Director, during the 12th Regional Assembly of the Airports Council International (ACI) Asia Pacific, which was held in Doha, Qatar, last week. H.E was re-elected for another three-year term, as one of the 13 Regional Board Directors, by a majority of votes by the […]

22 April 2017 In line with its core values of supporting the community in the Sultanate and developing employment opportunities for Omani youth, Sohar Islamic, Bank Sohar’s Islamic Banking Window, recently participated in the 3rd Intercollegiate Career Fair. The event was organised by Waljat College of Applied Sciences (WCAS) in association with number of colleges in the country and held under the auspices of Dr. Younis Bin […]

 “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”         – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures. […]

Around 10,000 scientists and their supporters marched through London on Saturday — one of more than 500 demonstrations worldwide celebrating “robustly funded and publicly communicated science as a pillar of human freedom and prosperity”. As the London demonstrators marched from the Science Museum to Parliament Square, they waved hundreds of colourful placards made in labs and homes across Britain, with messages ranging from “Nature isn’t fooled by […]

Satellite views of the Abu Dhabi coastline and other UAE sites are among those featured in the latest version of Google Earth, launched this week. The new features of the programme allow users to explore and learn about places and landscapes. Some famous sites, such as the Eiffel Tower in Paris, can be viewed in 3D. Users can also share virtual postcards of views and take 50 […]

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Why Lower Manhattan? The bottom tip of Manhattan island was where New York began – with Dutch fur trappers finding it a handy harbour and trading site. Today, the trading is done on the New York Stock Exchange and in the giant office towers that compete for skyline space. But among the gleaming glass are remnants of a past that goes back much further than it does […]

Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]

Your daily guide to community and cultural activities across the Emirates for April 22, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Concert Get tickets […]

PANAMA CITY — The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm Mossack Fonseca, said in a document obtained Thursday by AFP that after the Panama Papers leak a year ago, […]

The London Metal Exchange, facing falling trading volumes and tougher competition, plans to ask its members to evaluate wide-ranging reforms that are intensifying a robust internal debate over its future. The 140-year institution is set to outline proposed reforms in the coming weeks, evaluating almost all aspects of its business, including whether it should become more similar to rivals such as the CME Group, the world’s largest […]

Oil prices levelled off on Thursday after they dropped more than $2 a barrel following publication of data by the US energy department showing a rise in American gasoline stockpiles for the first time since February. US benchmark West Texas Intermediate edged 14 cents higher to $50.58 a barrel in early European trading while the global Brent benchmark ticked 17 cents higher to $53.10 a barrel. The […]

Television fans and fashionistas alike have been eagerly awaiting Netflix’s latest TV show, Girlboss, which debuts on April 21. The 13-episode series is loosely based on the autobiography of fashion-industry phenomenon Sophia Amoruso. As noted in our preview, she is an unconventional figure in the fashion scene. After hitchhiking around America, working odd jobs in record and bookstores and resorting to shoplifting when money was tight, in […]

April 20, 2017 The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, today hosted a high-level delegation from SWIFT, the global provider of secure financial messaging services. The delegation – led by Mr. Alain Raes, Chief Executive for Europe, Middle East and Africa and Asia Pacific for SWIFT – met with UBF’s executive management and chairmen of concerned technical committees […]

In a lab deep within Tata Consultancy Services’ landscaped campus in the western Indian city of Pune, 16 recent graduates are experimenting with new technologies that are shaking up a flagship national industry. TCS, the largest of India’s powerful IT services companies, set up the lab 18 months ago to enable new starters to work on the “internet of things”, the field of connected machines and appliances that […]

India’s government is allowing app developers to use its biometric database of more than a billion citizens as part of an initiative called “India Stack.” The developers can use customers’ fingerprint and iris scans to compare against records stored as part of the government’s vast biometric data-collection program, to create new ways to access insurance, banking, healthcare and employment. As outlined in a Wall Street Journal article, […]

A former Indonesian education minister yesterday won the race for Jakarta governor yesterday after a polarising campaign that cast a shadow over Indonesia’s reputation for practising a tolerant form of Islam.Anies Baswedan won with 58% of the votes versus 42% for Basuki Tjahaja Purnama, known by his Chinese nickname as “Ahok”, based on 100% of the votes in an unofficial “quick count” by Indikator Politik.Other pollsters showed […]

Emirates will cut flights to five of US cities as demand deteriorated after US restrictions on travel and on-board electronics affecting Middle East carriers and passengers. The world’s biggest international airline will reduce capacity to Boston, Los Angeles, Seattle, Orlando and Fort Lauderdale in the coming weeks, the Dubai-based company said in a statement. Emirates will re-deploy the capacity to serve demand on other routes across its […]

It’s not what one would call a dream vacation: Travel to one of the world’s most repressive nations and subject yourself to a grueling test of physical endurance. Kevin Jones, head of the China labor and employment practice at Faegre Baker Daniels LLP, hails from the U.S. but lives and practices in Shanghai. He traveled to […] (via WSJ)

The next most-generous companies listed are Quicken Loans ($750,000), Wynn Resorts ($729,217), Chevron ($525,000), American Financial Group ($500,000), Intel ($500,000) JPMorgan Chase and Co. ($500,000), Citgo Petroleum ($500,000), oil comapny BP Corporation of North America ($500,000), casino developer and Ultimate Fighting Championship parent Fertitta Entertainment ($500,000), Manhattan real estate investment firm Tahl Propp ($500,000) and the MacAndrews and Forbes Group ($500,000), which owns military contractor AM General, among other companies. And other six-figure […]

|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]

Uniform standards to ensure maritime safety and promote Dubai’s global competitiveness April 4, 2017 Dubai, United Arab Emirates In keeping with its long-standing efforts to develop, regulate, and enhance the maritime sector, the Dubai Maritime City Authority (DMCA) recently launched the ‘Maritime Signage Design and Guidelines’ available in both Arabic and English. The guidelines serve as an integrated framework for implementation of uniform standards in designing and […]

The ‘Panama Papers‘ scandal was one of the biggest data leaks in history. But a year on from the exposé by the International Consortium of Investigative Journalists (ICIJ), it appears to be simply ‘business as usual’; as few governments have meaningfully tackled the issues of tax avoidance and evasion. Unparalleled leaks The leak was huge. It contained 11.5 million documents, and named more than 200,000 companies, 14,153 clients in […]

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