RITIKA SHARMA / Emirates Business His eyes gleam with excitement as he walks towards the newest BMWs and Rolls Royce cars in the showroom. As he goes on explaining about the engineering and impressive design of one of the most expensive vehicle brands in the auto industry, Arno Husselmann, General Manager of Abu Dhabi Motors, the biggest BMW and ...

  Our Correspondent EMIRATES BUSINESS Souqalmal.com (Souq al Mal is Arabic for ‘money market’) is the leading comparison website in the Middle East and lets you compare financial products before you say ‘I do’. The company’s vision was to create a highly transparent marketplace, empowering MENA consumers to make the right choice by bringing them all the latest details to ...

  Washington / AFP Hillary Clinton savored history as the first woman to claim the US presidential nomination for a major party, taking stock before a bruising war for the White House against Donald Trump. Eight years after she was defeated by Barack Obama, Clinton declared a historic milestone for women on the biggest night of her more than three-decade ...

  Port-au-Prince / AFP The European Union said it is ending its election observation mission in Haiti, calling the decision to cancel last fall’s election results unjustified. European Commission Vice President Federica Mogherini announced the decision to pull out of the island nation in a statement, saying that “the conditions were not met for the continuation of its activities in ...

Sao Paulo/ AP A bus lost control and plunged into a ravine in Brazil’s Sao Paulo state, killing at least 15 and injuring 31, most of them students, authorities said. The accident happened about 120 kilometers (75 miles) from the country’s economic capital when the driver lost control of the bus carrying 46 passengers and crashed into a rock in ...

  Louisville/ AFP Thousands of people are expected to attend an Islamic prayer service for Muhammad Ali on Thursday, the start of two days of poignant ceremonies honoring the late boxing legend. Ali’s hometown of Louisville in the southern US state of Kentucky will host the tributes that will bring together VIPs and huge crowds of ordinary fans in the ...

  Los Angeles / AFP Two California men went on trial on charges of conspiring to join the IS group for which they allegedly hoped to die as martyrs. Nader Elhuzayel and Muhanad Badawi, both 25 and from Anaheim, were arrested in May of last year by federal agents when Elhuzayel attempted to board a plane in Los Angeles to ...

  Washington / AFP The United States underestimates the long-term impact of civilian deaths on its military missions and is failing to implement lessons learned from 15 gruelling years in Afghanistan, a report found. While the US military frequently stresses it does all it can to prevent civilian casualties, the report said poorly planned air strikes, misidentified targets, unexploded ordinance ...

  Bloomberg Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world’s largest energy lenders. Mitsubishi UFJ Financial Group Inc., Japan’s largest bank, disclosed last month it has become one of the biggest oil and gas lenders with 9.2 trillion yen, or about US$85 billion, in exposure ...

  Bloomberg Since a surprise interest-rate cut at his first meeting as European Central Bank President, Mario Draghi has shown a penchant for pushing the envelope. The bank’s entry into the corporate bond market was no exception: buying bonds with junk ratings. Purchases on the first day included notes from Telecom Italia SpA, according to people familiar with the matter, ...