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Bogota / AFP Colombian state-run oil concern Ecopetrol has reported losses of $1.23 billion (1.12 billion euros) in 2015, driven largely by low crude prices on the international market. Ecopetrol said in a statement that as a result of the losses it would not be handing out dividends to its shareholders. The company’s profits for 2015 “were affected principally by ...

Bloomberg Brazilian President Dilma Rousseff’s struggle for political survival is spilling into the streets, after the latest chapter in a sweeping corruption probe escalated tension in Latin America’s largest country. Following police questioning on Friday of Rousseff’s predecessor Luiz Inacio Lula da Silva into allegations of bribes for favors, friends and foes of the government have started to mobilize in ...

Bloomberg The extra yield U.S. 10-year Treasuries offer over their German peers widened to the most since January as U.S. economic data kept alive prospects of the Federal Reserve raising interest rates this year, which contrasts with the European Central Bank’s accommodative stance. Treasuries fell a second day on Monday, with the 10-year note yield rising to the highest level ...

Luxembourg / AFP She fled Cuba with her bourgeois family as revolution brewed, and later married into one of Europe’s royal dynasties. Today, as the Communist-ruled island emerges from long economic isolation, Luxembourg’s Grand Duchess Maria Teresa says she hopes to return home to pitch the cause of micro-credit to help the country’s poor. A Unesco goodwill ambassador, Maria Teresa, ...

ALKESH SHARMA / Emirates Business Homeland security has become one of the most imperative issues in today’s fast-zooming world. At a time when the world is facing dozens of crisis situations, making countries vulnerable to various threats, global economies are pledging to earmark enhanced budgets to ensure the safety of mankind as well as infrastructure. Treading the same trend, Middle ...

RITIKA SHARMA / EMIRATES BUSINESS Cyber threats constitute some of the major challenges that aviation and aerospace industry is facing globally. Industry experts put emphasis upon dealing with them by adopting a cutting-edge scientific outlook. “Aviation industry has seen so many transformations in the past few decades. Last few years have seen a fast progression in terms of cyber threats ...

Sunaina Rana / Emirates Business The UAE has been witnessing a growth in the sale of the solution-orientated products. Consumers have been focusing in on the style and personal well-being, leading to the premiumisation trend within the sector. The cosmetic market in the region continues to be at a rapid growth in 2016, considering the inclination of the youngsters towards ...

DUBAI / WAM The region’s largest and most anticipated consumer IT and electronics show, GITEX Shopper Spring 2016 is set to return next month with even more fantastic offers and exciting deals across the broadest range of consumer tech products to date. Shopper Smart Living also returns for its second year – a dedicated section offering visitors the chance to ...

Emirates Business Industry experts have declared the new property law will benefit Abu Dhabi’s real estate growth and have called for a measured response over the impact of the potential oil output freeze. The effect of the recently implemented Regulation of Real Estate Sector in Abu Dhabi (the Property Law) on financing and mortgage enforcement will be one of the ...

Women in the UAE have come a long way beyond expectations. They have made their mark in all the fields from flying aircraft, giving away court decisions and forming policies to spearheading businesses and proving that they are no less than their male counterparts. Women have played a major role in shaping the economy of this young nation. According to ...