News

  Sharjah / Emirates Business Knowledge without Borders (KwB), the Sharjah-based cultural project, has expanded its sphere of influence following a visit to the London School of Publishing (LSP). The Sharjah–based project, which functions to promote a culture of reading in the UAE and to encourage a love of books in its citizens, attended the UK capital’s premium publishing institution ...

  Dubai / Emirates Business Infoblox Inc., the network control company, has announced results of the Infoblox Security Assessment Report for the first quarter of 2016, which finds that 83 percent—more than four out of five—of enterprise networks tested by Infoblox show evidence of malicious DNS activity. Infoblox, an industry leader in securing Domain Name System (DNS) infrastructure, offers free ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai and its long-standing partner, Visa, a global payments technology company, launched UAE Card Security Week, a consumer awareness campaign to promote safe online shopping habits and educate consumers on ways to avoid payment fraud in the UAE. The campaign is launched against the backdrop of growing adoption ...

  DUBAI / Reuters Qatar’s government expects to run a budget deficit for at least three years as low natural gas and oil prices weigh on its revenues, the Ministry of Development Planning and Statistics said. In a long-term report on the Qatari economy, the ministry forecast a fiscal deficit of 7.8 percent of gross domestic product (GDP) this year, ...

  Emirates Business The GCC Ministers of Finance, in a vital meeting in Jeddah recently, approved in principle the Value Added Tax (VAT) and Excise Tax treaties. Some administrative matters still need to be resolved, notably with regards to the tax collection mechanism related to intra-GCC trade. The GCC Committee has been tasked to provide its recommendation by the end ...

  Manama / Tribune News Service Setting up a new venture to collect millions of dinars to restart work on four developments in Bahrain that were never completed has been proposed by industry experts. They also called for the auctioning of two of the stalled projects as part of measures to resolve the crisis in the next six years. Thousands ...

  Manama / Tribune News Service Concerns have been raised that people would be attacked if ATM machines are installed in public parks across Bahrain. The proposal, presented by Southern Municipal Council chairman Ahmed Al Ansari to the Central Bank of Bahrain, aims to provide services across the board and generate municipal income from the leased space. Works, Municipalities and ...

  Bloomberg The campaign to keep the U.K. in the European Union led in the first opinion poll fully conducted since Thursday’s slaying of politician Jo Cox as the debate resumed five days before the referendum. Staying in the bloc won 45 percent support in the Survation telephone poll of 1,001 adults on Friday and Saturday for the Mail on ...

  Paris, France / AFP French Economy Minister Emmanuel Macron said the EU should act quickly and firmly if Britain votes next week to leave the European Union. Britain’s EU referendum will be held on Thursday, with an EU summit set for a few days later on June 28 at which Macron said EU leaders should take a firm stand with ...

  Bloomberg Fiat Chrysler CEO Sergio Marchionne is considering adding full electric vehicles to the carmaker’s line-up including the Maserati Alfieri sportscar and a small city car. “I’ve always thought the economic model that supports Tesla is something that Fiat Chrysler could replicate as we have the brand and the vehicles to do it,” Marchionne told Bloomberg Television in Venice. ...