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Saudi stocks drop most after kingdom cuts pay, bonuses

  Bloomberg Saudi Arabian stocks fell more than any other market in the world as the kingdom announced fresh measures to narrow the budget gap. Not a single stock rose on the Tadawul All Share Index, which retreated 3.8 percent on Tuesday, the most since for a single session since January. The hotel and media indexes were the biggest decliners ...

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Tough times for cranberry growers

  ROCHESTER / AP All is not well in cranberry country this harvesting season, the 200th anniversary of the world’s first known commercial cultivation. In the birthplace of the industry, many Massachusetts growers whose families have tended bogs for generations are in “dire straits,” facing challenges that include rising production costs, decreasing crop values, changing consumer habits and increasing competition ...

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Metal detectors for beachcombing

  Rio de Janeiro / DPA Carlos Saman is a 54-year-old library employee in the city of Nilopolis, not far from Rio de Janeiro, but oftentimes you will find him sifting Copacabana’s sandy beaches, hunting for treasure. Not pirate treasure, but the valuable objects that beach-goers drop. Very early on a recent morning on the beach, Saman and his 31-year-old ...

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FinTech sector sees robust growth in Middle East

  Dubai / Emirates Business According to a new report by The Boston Consulting Group (BCG), FinTech companies in the GCC now account for 7% of all FinTech business in the Middle East and Africa region. Taking on the successful business models of the United States of America (USA), payment solutions account for approximately 40% of all FinTech business in ...

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Award for Emirates Airline Festival of Literature

  Dubai / Emirates Business The Emirates Airline Festival of Literature picked up another accolade on Tuesday, winning Best Family Friendly Day Out at the Time Out Dubai Kids Awards 2016. Isobel Abulhoul, OBE, CEO and Trustee of the Emirates Literature Foundation and Director of the Emirates Airline Festival of Literature, accepted the Award. ‘We could not be prouder of ...

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Sharjah Public Library celebrates Arabic calligraphy

  Sharjah/ Emirates Business The Arabic script is well-known in the world for its beauty and elegant intricacies. Arabic calligraphy, the artistic practice of handwriting based on the Arabic alphabet has been seen in important texts. The Sharjah Public Library (SPL) — a Sharjah Book Authority (SBA) subsidiary — recently organised a workshop focusing on the promotion of Arabic Calligraphy, ...

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New tool to promote business growth

  Dubai / Emirates Business Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has announced that its customers will benefit from a new release of its popular Epicor iScala ERP (enterprise resource planning) solution. The iScala solution is designed for the worldwide divisions and subsidiaries of multinational corporations and local or regional companies that ...

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GITEX Shopper to showcase world’s top 2-in-1 convertibles & laptops

  Dubai/ Emirates Business With their functionality, flexibility and mobility, 2–in–1 convertible laptops are one of the fastest growing devices in the industry according to PCMag, and GITEX Shopper will be showcasing the latest models when it opens next month. Taking place from 1 – 8 October at Dubai World Trade Centre (DWTC) the region’s largest consumer IT and electronic ...

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Google turns 18

  Relaxnews You might have noticed a new birthday doodle from Google on Tuesday as the internet search engine turns 18. Designed by Gerben Steenks, one of the team’s illustrators —better known as doodlers at Google HQ —Tuesday’ss logo celebrates the company’s coming of age with the Google “G” blowing up a balloon which lifts it off into the sky. ...

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