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Man who took over ‘Lonely Planet’ at age 24

  NEW YORK / AP Daniel Houghton was just 24 years old when he became CEO of Lonely Planet in 2013. Since then, he’s restructured the company, expanded its digital presence and, to the surprise of many who feared he’d kill off Lonely Planet guidebooks, he’s grown the print side of the business. The company now has 33 percent of ...

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UAE banking sector tops GCC with $771bn assets

  ABU DHABI / WAM The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE issued at the end of last year. This reflects ...

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UAE-Russia non-oil trade hits $1.6 billion

  ABU DHABI / WAM The volume of non-oil trade between the UAE and Russia touched about US$1.6 billion during the first 9 months of 2016, compared to about $2.5 billion during the whole of 2015, according to a report released by the UAE Ministry of Economy, on reviewing the trade policies with Russia. The report also shed light on ...

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