Ajman / WAM The Al Ihsan Charity Association has launched its Ramadan campaign which includes a number of charitable projects that provide services for underprivileged families. During the Holy Month of Ramadan, the association will meet the needs of many families at a total cost of AED8 million. The philanthropic foundation has completed distribution of Ramadan Rations to 3,500 families. ...

  Abu Dhabi / Emirates Business The exclusive Audi Extra campaign offer from Audi Ali & Sons is making it extra attractive for customers to own a new car this Ramadan. Under the slogan “This Ramadan Audi Offers You Extra”, the campaign offers customers added value packages during the promotional period of Ramadan that encompass extra service, warranty and insurance ...

  Nobody expected the conservative Swiss to approve the idea of a hefty monthly payout to everyone in the country without exception. The proposal for a universal basic income (UBI) — a monthly payout of 2,500 francs ($2,560) — was rejected by 77 percent of Swiss voters in Sunday’s referendum, just as their government recommended. That’s a shame, because the ...

  Mohamed A. El-Erian The very sharp drop in yields on U.S. Treasuries on Friday suggests that the fixed-income markets have interpreted the last week’s disappointing jobs report as an indication that the economy is facing diminishing demand momentum. As a result, traders significantly lowered their expectations of an interest-rate hike by the Federal Reserve this summer, which also drove ...

When President Barack Obama came into office, the fact that Russia sold the U.S. the rocket engines it needed for launches was a feature of U.S. foreign policy, not a bug. Obama was trying to reset the U.S. relationship with Moscow, and that meant finding areas where the two former Cold War rivals could cooperate. If the U.S. would rely ...

  Bloomberg Consumer sentiment returned to the highest this year in Canada as Quebec residents felt better off financially and more people bet the country’s housing boom would continue. The Bloomberg Nanos Canadian Consumer Confidence Index rose to 57.8 in the week ended June 3, from 57.5 previously, according to telephone polling of 1,000 respondents. Quebec’s pocketbook measure — based ...

  Bloomberg Donald Trump sold two apartments on Manhattan’s Central Park South to his son Eric for about $700,000, well below market rate. The presumed Republican nominee in this year’s presidential race sold the 500-square-foot (46.5 square meter) units on the two highest floors of 100 Central Park South for $350,000 each, on April 26, according to New York City ...

  Bloomberg Billionaire investor Bill Gates and Saudi Prince Alwaleed bin Talal Al Saud are seeking to sell Toronto’s landmark Four Seasons hotel for almost C$1 million ($780,000) a room in what would be the highest price for a hotel in Canada, according to people familiar with the matter. Kingdom Holding Co., owned by the Saudi prince, and Cascade Investment, ...

  DURHAM /Tribune News Service A few weeks before Christmas in 1977 and nearly a year before he would go on to lose his heavyweight title to Leon Spinks, Durham got an early Christmas present when Muhammad Ali came to town to help dedicate a new junior college gymnasium named in his honor. Located off Fayetteville Street near the intersection ...

  Jeddah / AFP Saudi officials have finalised a detailed plan to diversify the kingdom’s economy away from oil and have sent it for cabinet approval, official media said on Monday. The National Transformation Programme (NTP) will elaborate upon Vision 2030, an 84-page document released in April by Deputy Crown Prince Mohammed bin Salman, 30, who is leading the reform charge. ...