Uncategorized

Chinese developer takes on Disney, opens theme park

  Beijing / AP China’s largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it’s positioning as a distinctly homegrown rival to Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives unveiled their $3 billion “Wanda City” in the southeastern provincial capital of Nanchang to thundering music reminiscent of the “Pirates of ...

Read More »

French govt keeps up tough line as petrol shortages ease

  Paris / AFP The French government maintained a hard line on Saturday ahead of a fresh wave of protest over a bitterly-disputed labour law that has seen demonstrators blockading oil refineries and strikes paralysing the transport network. The escalating unrest, which has gathered pace over the last week sparking petrol shortages that forced the government to dip into strategic ...

Read More »

Yellen leans towards near-term rate rise without detailing timing

  Bloomberg   Federal Reserve Chair Janet Yellen threw her support behind a growing consensus at the central bank in favor of another interest rate increase soon, while steering clear of specifying the timing of such a move. “It’s appropriate — and I’ve said this in the past — for the Fed to gradually and cautiously increase our overnight interest ...

Read More »

Argentina’s Macri hunts missing $500 billion in tax amnesty

  Bloomberg Argentine President Mauricio Macri announced an amnesty on an estimated $500 billion of unregistered funds stashed abroad to pay pensioners and help fund a multi-billion dollar infrastructure program. The funds will pay a tax of zero percent to 15 percent depending on the amount and when they are brought back into the country, the government said in a ...

Read More »

Etihad ‘most innovative airline of last ten years’

  ABU DHABI / WAM Etihad Airways, the national carrier of the United Arab Emirates, has been presented with the title of ‘Most Innovative Airline of the Last Ten Years’ at the Telegraph UltraTravel Awards, which were held at the London Savoy Hotel. The awards are known as the ULTRAs and are conducted by an annual survey where readers of ...

Read More »

Twin offensives on IS inch forward in Syria and Iraq

  Beirut / AFP US-backed Syrian fighters and Iraqi forces on Thursday pursued twin assaults against the IS group, but experts warned the battles will be drawn out. The offensives on key regions of IS-held territory are the two most significant ground efforts against the extremists since they formed a self-styled “caliphate” in 2014. In Syria, an alliance backed by ...

Read More »

Japan urges G-7 to avert another economic crisis

  Ise, Japan / AP Japanese Prime Minister Shinzo Abe is urging fellow leaders of the Group of Seven advanced economies to avert another global crisis by acting to rescue the faltering global recovery. Abe and his counterparts got down to business on Thursday after strolling through the grounds of Ise (Ee-say) Shrine, a tranquil, densely forested landmark that is ...

Read More »

SMEs show rapid growth

  Dubai / Emirates Business According to stats from the UAE’s top finance comparison site compareit4me.com, recent figures show a 115 percent increase in the number of consumers searching for business loans on the site between January and March of this year, compared with the same period last year. Currently in the UAE, SMEs contribute an estimated 40-46 per cent ...

Read More »

Young Emirati to host one-day sale of floating seahorse villas

  Sunaina Rana / Emirates Business The youngest Emirati real estate professional, Khaled Ali Al Shawy, will collaborate with JK Properties and The Heart of Europe to host a private event which will give a sneak-peak into the Limited Signature Edition Floating Seahorse ocean villas in Dubai on May 30. The one-day event will feature the limited Signature Edition Floating ...

Read More »

Cosmetic surgery spurs UAE medical tourism

  RITIKA SHARMA / Emirates Business Driven by a growth in number of medical tourists opting for cosmetic surgery, UAE grabs prominence in the medical tourism industry at a global level. High quality control, luxury centric market and cost effective follow ups, coupled with a world class medical infrastructure, ensure that the country stays atop the list. Global Cosmetic Surgery ...

Read More »
Send this to a friend