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  Washington / AFP Hillary Clinton claimed a narrow victory in Kentucky as she sought to put away Bernie Sanders, but her resilient rival for the Democratic presidential nomination bounced back to snatch a win in Oregon. With the Kentucky race too close for most US networks to call a winner, Clinton declared victory shortly after Kentucky’s secretary of state ...

  RITIKA SHARMA / Emirates Business Every summer, UAE hotels host a mix of tourists from across the world. This year, the industry looks more to beach and sun lovers from Europe. Expecting a rise of nearly 10 percent in the overall revenue of hotels this year, UAE hoteliers see most of this increase coming from European tourists, especially from UK, ...

  Dubai / Emirates Business Cyber-crime is not a new phenomenon, but it’s hitting the headlines as never before. According to PwC Middle East’s latest report, there is a renewed willingness among organizations to invest in security, with many organizations incorporating strategic initiatives to improve security and reduce risks. PwC Middle East’s Global State of Information Security survey 2016 compares ...

  AFP Spain and Portugal received unexpected reprieve to meet the EU limits on public deficits on Wednesday as Brussels delayed a decision to slap fines against the rule-breakers until July. The delay put off a potentially embarrassing decision for Spain until after elections on June 26 and gave more time for a new government in Portugal to get on ...

  Bloomberg Petroleo Brasileiro SA, the state-run oil producer at the center of Brazil’s biggest ever corruption scandal, offered record-high interest rates to entice investors to its first international bond sale in a year. Petrobras sold $5 billion five-year notes to yield 8.625 percent and $1.75 billion of 10-year notes to yield 9 percent, according to a person familiar with ...

  DUBAI / WAM A Memorandum of Understanding (MoU) between Dubai Government Human Resources department (DGHR) and the Chartered Institute of Personnel and Development (CIPD) based in London, has been signed during the 16th edition of the UAE Career Exhibition. The MoU concerns cooperation in developing the human resources function, working together in specific areas such as research projects related ...

  Abu Dhabi / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, met Jose Calzada Rovirosa, Minister of Agriculture, Livestock, Rural Development, Fisheries and Food of Mexico, at the UAE Ministry’s headquarters in Dubai to explore possible agreements between the two countries, particularly in trade and agriculture. Joining the UAE Undersecretary ...

  Dubai / WAM In line with Dubai’s ‘Capital of Islamic Economy’ initiative, and as the first-of-its-kind endeavour on the Asian and regional level to promote the mutual growth of Islamic economies in the UAE and China, the Dubai Centre for Islamic Banking and Finance (DCIBF) at Hamdan bin Mohammed Smart University (HBMSU) and Dubai Islamic Economy Development Centre (DIEDC) in ...

  Abu Dhabi / Emirates Business The recent inauguration of a 600kW solar photovoltaic plant in the Federated States of Micronesia marks the successful completion of Cycle 2 of US$50 million UAE-Pacific Partnership Fund. Through the UAE-PPF’s two cycles of financing provided by the Abu Dhabi Fund for Development, renewable energy projects have been delivered to 11 Pacific Island nations ...

  Bali / Bloomberg   It’s clear from the dirt floor, the battered green sofa and the common-use comb hanging from a string next to the door that this is no ordinary bank. Customers here, in a poor corner of eastern Indonesia, borrow cash — and pay back trash. “The program originated from the people, it is managed by the ...