News

  Dubai / Emirates Business While people around the world wait for the summer season in anticipation of warmer temperatures and family vacations, the majority of respondents in the Middle East and North Africa (MENA) region see winter as the most popular season. In fact, when asked about their favourite season of the year, only 16.7% of respondents to the ...

  Dubai / Emirates Business UAE telecommunications provider du has teamed up with homegrown transport service Careem to offer its enterprise and government customers a flat 15% discount whenever they book a ride. All customers have to do to avail of this service is use the promotion code “DUMOBILE” when booking the service on the Careem app, and they will ...

  ABU DHABI / Emirates Business Bloom Properties — a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities — awarded the main contracting works of ‘Park View’ mixed-use development on Saadiyat in Abu Dhabi to Tharwaa / Al Mansouri 3B Joint Venture. With enabling works for Park View in final stages of completion, site mobilization has also commenced. ...

  Dubai / Emirates Business AAT (the Association of Accounting Technicians), a globally-recognized player in the accounting and finance sector, has joined forces with PAC Professionals & Accountancy Center Dubai to deliver AAT’s highly respected and internationally recognized accounting and finance courses in the UAE for the first time. With over 130,000 members in more than 90 countries, courses offered ...

  CAIRO / Reuters Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the government secures $5-6 billion in bilateral financing for the first year, Chris Jarvis, the head of the IMF mission in Cairo, said. The International Monetary Fund (IMF) said earlier it had agreed in principle to grant ...

  Reuters Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions of the United States, Europe and the Gulf, Co-Chief Executive Rishi Kapoor said on Thursday. The investments will help contribute to Investcorp’s goal of more than doubling its assets under management in the next five to seven years ...

  Bloomberg Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released as it sought to draw a contrast with her Republican rival, Donald Trump. Their income would place the Clintons well within ...

  Bloomberg President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that his oil and foreign ministers will visit producer countries to lobby for price increases ahead of an informal OPEC meeting next month. The wage increase becomes effective Sept. 1, Maduro said, and applies to all workers earning minimum wages and all public employees, members of the ...

  New York / AFP Millions of Americans will spend the weekend hot under the collar as soaring East Coast temperatures and stifling humidity slapped excessive weather warnings on New York and Philadelphia. The combination of heat and humidity would make it feel as hot as 110 degrees Fahrenheit (43 degrees Celsius) in the two cities. Temperatures would stay in ...

  London / AFP The British government pledged on Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the June 23 vote to quit the bloc, could cost £4.5 billion a year, finance minister Philip Hammond said. The ...