News

  DUBAI / Emirates Business A strong combination of technology and access to up to 40 of the largest liquidity providers will significantly improve efficiency and reduce costs for clients. Saxo Bank, the online trading and investment specialist, announces today that it is transforming fixed income trading with the launch of the first truly digital trading solution for corporate and ...

  Emirates Business Dubai Opera is a truly unique venue and the emirate’s first purpose built multi-format performing arts theatre situated in the heart of Downtown Dubai. Designed by Janus Rostock of Atkins, Dubai Opera resembles a traditional dhow boat and all elements of the interior and exterior are in keeping with the heritage of Dubai which revolves largely around ...

  Sharjah / Emirates Business With the holiday season upon us, HolidayMe, a unique website offering on-the-fly customized travel solutions to customers across the Middle East, revealed the findings of its travel survey. The survey which was conducted online with over 1500 HolidayMe customers in the UAE, revealed Maldives (27.1%), Georgia (16.8%) and the United Kingdom (13%) as the top ...

  DUBAI / Emirates Business Filipinos in the UAE are very optimistic that the quality of life and the investment environment in their home country are on its way to seeing good improvements. A survey conducted by New Perspective Media (NPM), organisers of the annual Philippine Property and Investment Exhibition (PPIE), showed that a whopping 98 per cent of Filipinos ...

  Gregg Petersen / Emirates Business At almost every conference, event or analyst meeting you attend, you’ll hear someone discuss how your business can benefit from the Operating Expense (OPEX) model, greater agility, and faster deployment speeds offered by the public cloud. But let’s be honest: If you go to your internal IT staff and propose the public cloud, you’ll ...

  WASHINGTON / AP The United States will provide Israel’s military with $38 billion during the next 10 years, officials said, the largest batch of military assistance the U.S. has ever pledged to another country. Following months of behind-the-scenes negotiations, the State Department said the two countries had reached a 10-year agreement, with a signing ceremony planned for Wednesday. The ...

  MOSCOW / Reuters Russia threatened to ban Egyptian citrus imports on Tuesday, a move that could escalate a trade dispute over exports of Russian wheat to the world’s largest importer of the grain. Moscow said this week it hopes to hold talks with Egypt, its top buyer, over Cairo’s failure to approve Russian wheat shipments since tightening its regulations ...

  Bloomberg Samsung Electronics Co. will push out a software update for South Korea that caps the capacity of Galaxy Note 7 smartphone batteries at 60 percent, a stop-gap measure to prevent overheating as the device’s global recall proceeds. The unusual move, announced on the first day of a major national holiday, reinforces the urgency with which Samsung’s trying to ...

  Beijing / AFP China’s rice, wheat and corn subsidies are in line with WTO rules, Beijing’s commerce ministry said after Washington launched legal action against what it says are “unfair” trade incentives worth $100 billion. The United States alleges China, the world’s largest producer of wheat and rice, doled out “market price support” for the grains above levels agreed ...

  BLOOMBERG Thailand’s central bank kept its benchmark interest rate unchanged for an 11th consecutive meeting, the longest streak on record, as an economic recovery continues to gain momentum. The Bank of Thailand held its one-day bond repurchase rate at 1.5 percent, with monetary policy committee members voting unanimously in favor, it said in Bangkok on Wednesday. All but one ...