SHARJAH / WAM Arada, a property development company in Sharjah, has announced that it has secured an AED250 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada megaproject in the heart of New Sharjah. The credit facility is in addition to an initial AED300 million financing arrangement secured from the bank at the start ...

Abu Dhabi / WAM This month, young visitors to Kidzania’s outlets at The Dubai Mall and Abu Dhabi’s Yas Mall, will learn how to easily grow healthy fruits and vegetables at home, through a unique interactive experience delivered by Masdar City-based start-up innovation, the HydroArtPod. As part of KidZania’s ‘Kids For A Greener World’ interactive workshop, kids will learn how ...

The US labour market holds the key to the inflation outlook and the timing of the withdrawal of monetary policy accommodation. After all, it is pressure on resources that ultimately leads to persistent inflation. If workers are in chronic short supply, wage inflation climbs and that usually feeds through into prices. In contrast, supply disruptions typically get resolved with time. ...

China is the first noticeable crack in the Covid-19 recovery. The only major economy to show any growth at all last year, the country is now taking steps to ease monetary policy — just when the Federal Reserve is beginning to lay the groundwork to taper asset purchases. A significant slowing of its expansion might give other commercial powers pause ...

Japan, the country that gave us the word “karoshi” for “death from overwork,” is thinking about introducing an optional four-day workweek. The idea has also come up in Iceland, New Zealand, Spain and other places. It’s in fact so obvious, some wise people in the past would be gobsmacked to learn that we’re only just starting to talk about it ...

Former President Donald Trump’s lawsuits against Twitter, Google and Facebook for kicking him off their platforms are sure losers, legally speaking. The First Amendment protects people against state action, and tech companies aren’t state actors. Yet Trump’s main argument to the contrary — that congressional Democrats coerced the platforms into cutting him off by threatening to repeal Section 230 of ...

Bloomberg Jamie Salter always had big ambitions. Though he started Authentic Brands Group Inc with lesser-known consumer names, he spent much of the last decade vacuuming up ailing but widely recognised brands like Barneys New York, Sports Illustrated and Brooks Brothers. Now, he’ll do so in the public eye. Authentic filed paperwork for an initial public offering this week, and ...

Bloomberg Two senior executives at Cathay Pacific Airways Ltd have resigned, as the Hong Kong-based carrier continues to battle its way through the coronavirus pandemic with severely reduced flight capacity. Cathay Director Customer Simon Large, who was responsible for managing brand, corporate and marketing communications, as well as loyalty programs, will leave on July 31, according to a company memo ...

Bloomberg The Hungarian government has made a non-binding offer to buy Budapest Airport Zrt, according to people familiar with the matter, as PM Viktor Orban seeks to gain control of what had been one of the fastest growing hubs in the region before the coronavirus pandemic. The offer, which was received by the owners of the airport this week, was ...

Bloomberg As Warby Parker heads towards becoming a public company, the co-founders of the eyewear brand valued at $3 billion are pitching a growth strategy centered on stores. It’s quite a turn for a company that last decade ignited a boom in digital brands that convinced investors to bet billions largely on their ability to grow quickly online. But in ...