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Obama makes call for unity at Dallas memorial

  Dallas, United States / AFP President Barack Obama implored Americans of all races to show more unity and understanding as he addressed an emotional memorial for five slain policemen in Dallas. The president, accompanied by First Lady Michelle Obama, leaned heavily on scripture as he ministered to a country stunned by gun violence and torn asunder by race and ...

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Dubai shares best practices towards circular economy

  DUBAI / Emirates Business Dubai Chamber Sustainability Network in partnership with Dulsco organised the ‘Open Source Circular Economy’ Days. Dubai is the only city in the region to be part of ‘OSCE Days’ among 70 other global cities. Industry experts from Dubai shared best practices with regard to efficiently recycling resources, collaborating with peers and thereby creating a new ...

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GCC wellness sector set to grow

  Ritika Sharma / Emirates Business Driven by demand, spa and wellness industry in the region is poised for a double digit growth in next two years, experts say. Coming years are expected to see a considerable rise of 19 percent in the region as far as the number of wellness brands or spas are concerned. UAE alone is expecting ...

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LinkedIn reveals top priorities of UAE job seekers

  Dubai / Emirates Business LinkedIn, the world’s largest professional network, has announced findings from its annual 2016 MENA Talent Trends study providing new insights into job seekers’ top priorities, and how recruiters can effectively engage potential candidates and compete for the best talent. The findings ultimately reveal that almost everyone is interested in hearing about new job opportunities, even ...

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RBI braces for Basel battle as state struggles with debt pile

  Bloomberg The Reserve Bank of India is bracing for a fight on proposed changes to the global regulatory framework that would hit the country’s lenders with higher capital charges for the mountain of government debt on their books. Tighter rules would bite India’s banks, already struggling with surging bad loans and higher provisions. With nearly 30 percent of their ...

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Spanish banks surge as fears ebb over EU mortgage ruling

  Bloomberg Spanish banks such as Banco Popular Espanol SA surged after an aide to the European Union’s top court said they may avoid having to refund billions of euros to customers who paid too much interest on home loans before a 2013 ruling on so-called mortgage floors. Spain is entitled to apply the time limit due to the “macroeconomic ...

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Pound reaps rewards as May’s succession calms political storm

  Bloomberg After weeks of political turmoil, a semblance of stability is returning to U.K. politics, and the pound is feeling the benefit. Sterling is headed for its longest winning streak in two months before Theresa May took over as prime minister on Wednesday, ending a period of political instability that has lasted since the U.K. voted to leave the ...

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Oil retreats after industry data shows US stockpiles expanding

  Bloomberg Oil fell from the biggest gain in three months after U.S. industry data showed the nation’s crude stockpiles increased, adding to concerns about oversupply. Futures lost as much as 1.5 percent in New York. Inventories rose 2.2 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday is forecast to show a decline. ...

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China warns against ‘cradle of war’

  Beijing / AFP China warned rivals Wednesday against turning the South China Sea into a “cradle of war” and threatened an air defence zone there, after its claims to the strategically vital waters were declared invalid. The surprisingly strong and sweeping ruling by a UN-backed tribunal in The Hague provided powerful diplomatic ammunition to the Philippines, which filed the challenge, ...

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Dubai’s largest catering facility opens in Jebel Ali Free Zone

  DUBAI / Emirates Business Al Habtoor Group Vice Chairman and CEO Mohammed Al Habtoor inaugurated Dubai’s largest and newest catering facility – Metropolitan Catering on Tuesday in the presence of local media and VIP clients. The state of the art facility, located in the Jebel Ali Free Zone, offers private, corporate and commercial catering of uncompromising quality and unbeatable ...

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