Dubai / Emirates Business Honeywell (NYSE:HON) named the Burj Khalifa as the UAE’s “smartest” building at the Middle East’s first-ever smart building awards presentation at the Innovation Live! Summit today in Dubai. The world’s tallest structure also received the award for the Middle East’s smartest “high-rise residential” building. The summit, an official anchor event of the widely celebrated UAE ...

  Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) is launching 11 environmental initiatives between November 20-26 to mark the UAE’s second annual Innovation Week, launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammad bin Rashid Al Maktoum. The Ministry is holding several contests for its employees and public during ...

  London / AFP Facebook on Monday became the latest US tech giant to announce new investment in Britain with hundreds of extra jobs but hinted its success depended on skilled migration after Britain leaves the European Union. The premier social network underlined London’s status as a global technology hub at a British company bosses’ summit where Prime Minister Theresa ...

  Bloomberg Hungary’s plan to cut its corporate tax rate to the lowest in the European Union from next year may spark a “race to the bottom” as its ex-communist peers look for ways to compensate investors for rising wages, according to BMI Research, a unit of Fitch Group. Wage pressures are set to intensify next year as central Europe ...

  PARIS / AFP Home sharing site Airbnb aims to extend its network of tax agreements to 700 cities by the end of next year, Monday’s Financial Times has quoted its chief executive as saying. The company has already clinched 200 tax agreements that allow it to collect and remit hotel taxes to local authorities, Brian Chesky told the newspaper. ...

  London / AFP Prime Minister Theresa May promised Monday to boost research investment as she sought to reassure business leaders nervous about the “cliff-edge scenario” of Britain leaving the European Union. May told a Confederation of British Industry (CBI) conference that her government would invest an extra £2 billion a year ($2.5 billion, 2.3 billion euros) in science research ...

  London / AFP The British government announced fresh investment in research and development on Monday, ahead of the first post-Brexit budget which is expected to signal a move away from the previous administration’s rigid fiscal targets. The government will increase research and development spending worth £2 billion ($2.5 billion, 2.3 billion euros) annually until 2020, Prime Minister Theresa May’s ...

  Aleppo / AFP Syrian regime forces advanced quickly in rebel-held areas of Aleppo on Monday, pressing a new offensive in defiance of international concern over the fate of the city and its residents. More than 100 civilians have been killed in the east since the regime’s latest offensive began on Tuesday, according to the Syrian Observatory for Human Rights ...

  Damascus / AFP US President Barack Obama said he is “not optimistic” about Syria’s future, as the UN warned time is running out to avoid a humanitarian catastrophe in Aleppo which has been pounded by air strikes for nearly a week. Government forces launched a ferocious assault last Tuesday to recapture eastern Aleppo, killing 115 civilians so far. In ...

  Sanaa / AFP A 48-hour ceasefire ended on Monday in Yemen after failing to stem violence across the country, with both sides blaming each other for deadly “violations” of the US-backed truce. The ceasefire, aimed at ending the chaos and bloodshed that has gripped Yemen since March 2015, came into effect on Saturday following the intervention of US Secretary ...