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Azizi Developments unveils AED250mn project in Dubai

  Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with a reach into multiple international markets, has announced its plans for its newest project, Azizi Shaista Residence—a modern, urban-luxury development located in the bustling and highly-accessible Al Furjan neighbourhood in Dubai. The property adds to Azizi Developments’ already impressive portfolio, with the developer currently involved in ...

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Raids shake Aleppo as peace efforts falter

  Aleppo / AFP Intense air raids shook Syria’s Aleppo on Wednesday as increasing tensions between Moscow and Washington poisoned efforts to revive a failed ceasefire. The UN Security Council is meeting for talks on salvaging the truce — which collapsed on Monday after only a week — but the mood was likely to be tense after the United States ...

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Sarkozy, Juppe seek nomination that could decide French election

  PARIS / AFP France’s presidential race started in earnest on Wednesday as seven rightwing candidates including ex-president Nicolas Sarkozy were confirmed to contest a November primary, with the nominee seen as the likely winner of next year’s election. The stakes are high with polls showing that the winner of a duel between the two leading candidates from the Republicans ...

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‘Philippines’ crime war a risk for economy’

  Manila / AFP President Rodrigo Duterte’s deadly war on crime is threatening the Philippines’ economy and endangering its democratic institutions, international credit rating agency Standard and Poor’s warned on Wednesday. S&P maintained its stable outlook for the Philippines, but highlighted a range of “weaknesses” under the new Duterte administration that also included his foreign policy and national security statements. ...

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Samsung suffers backlash over smartphone response in China

  Beijing / AP Liu Jingtang was a Samsung loyalist. The Shanghai technology consultant traded up steadily through its smartphones to the new Note 7. But Liu’s devotion was shaken by the Korean tech giant’s confusing response to its latest product safety scare. Liu, 32, said Samsung Electronics quickly confirmed his Note 7 wasn’t covered by a recall announced last ...

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Denmark eyes looming skills shortage as economy picks up

  Copenhagen / AFP After a lacklustre recovery from the 2008 financial crisis, Denmark’s central bank has warned that the labour market faces a squeeze as unemployment falls, the population ages and young people shun vocational jobs. At Technical Education Copenhagen, traineeships for another 20 to 30 lorry drivers could probably have been found if only people were interested in ...

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Behold top designs from across globe at Dubai fair

  Emirates Business Held under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, in strategic partnership with the Dubai Design District (d3) and supported by the Dubai Culture and Arts Authority, Downtown Design will return this October 25-28 for its fourth edition as the commercial centrepiece of Dubai Design Week. Hosted in d3, the creative ...

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GCC fintech startups cash in on millennial banking needs

  DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

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Abu Dhabi Ports achieves double digit growth in H1

  Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the ports and Khalifa Industrial Zone in the Emirate, has seen a successful first half of 2016 with new remarkable results announced on Tuesday. This comes in parallel with the prosperous economic growth witnessed in the emirate of Abu Dhabi, reaffirming its prestigious commercial ...

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