Yerevan / WAM According to a study by Alpen Capital Middle East, as a result of its rising population the UAE is expected to witness the fastest growth in food consumption by 2019. Mazola conferred that there is also an upsurge in food consumption anticipated in the other Gulf countries, resulting from promising macroeconomic developments. This increase is expected to …

  Dubai / Emirates Business The Ewan Residences to dig up across-the-board revamp to align with the modern lifestyle needs of New Dubai. Ewan Residences is a flagship residential community owned and developed by the Lootah Real Estate Development LLC, a high-end property developer in the UAE. It was announced in company’s Annual Leaseholders Meeting held in Dubai. The meeting …

  Dubai / Emirates Business Paladion, a specialized information risk-management provider, has on Sunday announced that it received the gold partner status with Tenable Network Security, Inc., a company transforming security technology for the business needs of tomorrow, to provide customers with the complete visibility and critical context needed to take decisive actions that strengthen security posture across the entire …

  Dubai / Emirates Business Under the unlimited support of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of Hamdan Bin Mohammed Smart University (HBMSU), and the close follow up of the Board of Trustees, the university has received Pearson recognition in education. The achievement complements HBMSU’s leadership in driving innovation, creativity and …

  Washington / AFP In 1890, the psychologist William James wrote that there was “no more miserable human being than one in whom nothing is habitual but indecision.” Indecision is certainly not the habit of Federal Reserve policy makers. But as a divided Fed gathers next week to consider interest rates, they may yet again revise positions that have repeatedly …

  Bloomberg World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the euro zone seemed to be getting better, even Japan seemed to be doing a little bit better,” Kim told Bloomberg Television on Sunday on the sidelines of the …

  Chengdu / AFP Britain could unleash a government stimulus package this autumn to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday. “We have the option of a fiscal response, and we will do that on our normal timetable around the autumn statement,” Philip Hammond told reporters on the sidelines of …

  Bloomberg Canada is keen to maintain a strong trade relationship with the U.K. after the country voted to leave the EU, Finance Minister Bill Morneau said. Morneau, speaking to reporters on a conference call after a meeting of Group of 20 officials in China, said he had a “positive discussion” with U.K. Chancellor of the Exchequer Philip Hammond on …

  Bloomberg Hershey Trust Co., the $12 billion charity that controls the Hershey chocolate company, reached a tentative agreement with the Pennsylvania attorney general, a move that would reform the governance practices of the controversial organization. “We have reached an agreement in principle and are working on the final details in productive discussions with the office of the attorney general,” …

  Brussels / AFP The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP on Saturday. Eurozone finance ministers agreed this month to impose unprecedented sanctions against Spain & Portugal for overstepping the bloc’s budget deficit limits. The penalties would be …