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Sunaina Rana / Emirates Business Renowned Middle Eastern modernist, Alfred Basbous’s (1924 – 2006) artwork ‘Femme Assise’ was showcased at the Art Dubai Modern 2016. The contemporary work of art at the event exhibited a unique range of painting and sculpture. One of the participants at the event was Alfred Basbous foundation; the curator showcased late sculptor’s Femme Assise collection, ...

Sunaina Rana / Emirates Business The iconic British food and coffee brnad, Pret A Manger in partnership with Emirates Leisure Retail (ELR), has opened doors to its first shop in the UAE, at Concourse D development, Dubai International. Pret A Manger’s situated at a prime location can cater to vast range of customers in transit, as the number of passengers ...

Emirates Business Banks must wake up to the way technology affects the daily lives of their customers, financial service decision makers have been told this week in Abu Dhabi at an event designed to shape the industry’s future in the Middle East and North Africa. Digital banking wizard Chris Skinner says banks are in danger of being left behind in ...

RITIKA SHARMA / Emirates Business Irrespective of dropping revenues due to oil slump, energy firms should maintain their investment in risk management in order to reduce the potential for future major incidents and insurance claims, industry experts suggest. Due to the known successive correlation between oil price falls that resultantly lead to insured losses, experts are calling upon energy firms ...

Bloomberg As an opposition lawmaker in Canada’s parliament seven years ago, Justin Trudeau criticized former Prime Minister Stephen Harper for making government “totally absent from the defining issues of our time.” In his first budget as prime minister released on Tuesday, Trudeau put the federal government back at the center of the nation’s economy with almost C$120 billion ($92 billion) ...

Bloomberg The Treasury market is signaling inflation expectations are rising, and one metric shows traders anticipate cost increases will reach Federal Reserve Chair Janet Yellen’s 2 percent target. The difference between yields on one-year U.S. government securities and same-maturity Treasury Inflation Protected Securities, a gauge of trader expectations for consumer prices over the life of the debt, climbed to 2.11 ...

Bloomberg The European Union is buying more sunflower seeds from Argentina, the world’s fourth-largest producer, as a cut in export taxes and a weaker peso make imports cheaper. Shipments into the EU may be up to 10 times bigger in the 2015-16 season ending in July compared to a year earlier, said Veysel Kaya, founder of brokerage and consultancy Sunseedman ...

Bloomberg Brazil’s inflation slowed more than all analysts forecast in the month through mid-March as joblessness rises and the economy heads toward its second straight year of contraction. Inflation as measured by the IPCA-15 index decelerated to 0.43 percent from 1.42 percent a month earlier, the national statistics agency said on Wednesday. That compares with the median estimate from 37 ...

Bloomberg Barack Obama will be the first U.S. president to visit Argentina in more than a decade as his counterpart Mauricio Macri seeks a rapprochement with the international community following a decade of financial and diplomatic isolation. Obama, arriving from an historic state visit to Cuba, will meet with Macri and is scheduled to attend a business forum in Buenos ...

BEIJING / Reuters China’s campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient and address a supply glut that has hammered ...