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Al Masaood Automobiles unveils major Ramadan deals

  Abu Dhabi / Emirates Business Al Masaood Automobiles, the exclusive distributor of Infiniti in Abu Dhabi and Al Ain, has unveiled a range of major Ramadan offers, uniquely tailored to meet individual customer needs. Hot on the heels of the recent launch on Infiniti’s latest models –the QX60 and the QX50 – the promotions offer a great combination of ...

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Emirates NBD partners with Uber to offer free rides in holy month

  Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, on Tuesday announced its collaboration with Uber, a smartphone app changing the way the world moves, to offer Emirates NBD cardholders free rides during the holy month of Ramadan. The digital promotion represents Emirates NBD’s consistent efforts to offer its growing number of mobile-savvy ...

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Al Ihsan Charity launches Ramadan projects

  Ajman / WAM The Al Ihsan Charity Association has launched its Ramadan campaign which includes a number of charitable projects that provide services for underprivileged families. During the Holy Month of Ramadan, the association will meet the needs of many families at a total cost of AED8 million. The philanthropic foundation has completed distribution of Ramadan Rations to 3,500 families. ...

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Audi goes the extra mile for its customers this Ramadan

  Abu Dhabi / Emirates Business The exclusive Audi Extra campaign offer from Audi Ali & Sons is making it extra attractive for customers to own a new car this Ramadan. Under the slogan “This Ramadan Audi Offers You Extra”, the campaign offers customers added value packages during the promotional period of Ramadan that encompass extra service, warranty and insurance ...

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Swiss rejection shouldn’t doom basic income

  Nobody expected the conservative Swiss to approve the idea of a hefty monthly payout to everyone in the country without exception. The proposal for a universal basic income (UBI) — a monthly payout of 2,500 francs ($2,560) — was rejected by 77 percent of Swiss voters in Sunday’s referendum, just as their government recommended. That’s a shame, because the ...

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Markets may have overreacted to jobs report

  Mohamed A. El-Erian The very sharp drop in yields on U.S. Treasuries on Friday suggests that the fixed-income markets have interpreted the last week’s disappointing jobs report as an indication that the economy is facing diminishing demand momentum. As a result, traders significantly lowered their expectations of an interest-rate hike by the Federal Reserve this summer, which also drove ...

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Why US needs Russian rocket engines to spy on Russia

When President Barack Obama came into office, the fact that Russia sold the U.S. the rocket engines it needed for launches was a feature of U.S. foreign policy, not a bug. Obama was trying to reset the U.S. relationship with Moscow, and that meant finding areas where the two former Cold War rivals could cooperate. If the U.S. would rely ...

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Canada bets on realty boom, consumer sentiment high

  Bloomberg Consumer sentiment returned to the highest this year in Canada as Quebec residents felt better off financially and more people bet the country’s housing boom would continue. The Bloomberg Nanos Canadian Consumer Confidence Index rose to 57.8 in the week ended June 3, from 57.5 previously, according to telephone polling of 1,000 respondents. Quebec’s pocketbook measure — based ...

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Trump sells condos to son at 72% discount

  Bloomberg Donald Trump sold two apartments on Manhattan’s Central Park South to his son Eric for about $700,000, well below market rate. The presumed Republican nominee in this year’s presidential race sold the 500-square-foot (46.5 square meter) units on the two highest floors of 100 Central Park South for $350,000 each, on April 26, according to New York City ...

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Gates, Saudi prince seeking sale of Four Seasons Toronto

  Bloomberg Billionaire investor Bill Gates and Saudi Prince Alwaleed bin Talal Al Saud are seeking to sell Toronto’s landmark Four Seasons hotel for almost C$1 million ($780,000) a room in what would be the highest price for a hotel in Canada, according to people familiar with the matter. Kingdom Holding Co., owned by the Saudi prince, and Cascade Investment, ...

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