Singapore / AFP Singapore’s central bank on Tuesday said it was kicking out Switzerland’s BSI Bank, which has been linked to a global money-laundering scandal that has embroiled neighbouring Malaysia’s Prime Minister Najib Razak. In the toughest legal action so far in the crisis rocking Malaysian state fund 1MDB, Switzerland also disclosed it had launched criminal proceedings against the ...

  Reuters A group of Chinese investors have signed an agreement to build an industrial park at Oman’s southern port of Duqm in a project that could attract billions of dollars of investment, government and company officials said on Monday. The Omani government is working to develop the area around Duqm, on a stretch of barren coast 550 km (345 ...

  Bloomberg Rising property values enabled lenders in the U.K. to reduce defaulted commercial-property loans on their books by almost half to about 12.1 billion pounds ($17.5 billion) last year, a survey showed. The amount remaining in default fell from 23.2 billion pounds at the end of 2014, according to a survey of lenders by Leicester, England’s De Montfort University ...

  BLOOMBERG In this age of tiny houses and the less-is-more aesthetic of millennials, can a house be too large for its market—even when that market sports a median home price around the $5 million mark? That has to be a question that occurs when viewing this massive 30,000-square-foot home listed for $48,880,000 in tony Alpine, NJ. New Jersey’s most ...

  Abu Dhabi / AFP The Middle East’s poetry equivalent of “Pop Idol” is helping to keep alive an age-old tradition using bedouin dialect, which is barely understood outside the Arabian Gulf. Apart from the glory, a Kuwaiti student took home five million dirhams ($1.36 million), the top prize in a television show followed by millions of poetry lovers across ...

  Mainz / DPA Ethical and fashionable at the same time — this is the idea behind Darpdecade, a digital swapping platform for clothes that aims to combine trend awareness with conscience-free consumption.It all started with a gin and tonic and a scarf swapped for a jacket at a flea market in Tallinn some five years ago. University student Robin Balser ...

  SUNAINA RANA/ Emirates Business 800 Degrees Neapolitan Pizzeria was originally founded by Anthony Carron in the US. Over the years, 800 Degrees is striving to honour the heritage of old world Italian tradition with its pizzas baked with only the freshest and ripest ingredients right in front of the customers. With an innovative menu of completely customisable pizzas, from the ...

  Our Correspondent / EMIRATES BUSINESS NCR Corporation is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small businesses. NCR solutions run the everyday transactions that make your life easier. ...

  ABU DHABI / WAM The Economic Development Committee of the Abu Dhabi Executive Council examined the findings of the “Doing Business in Abu Dhabi 2016” report during a workshop held at the headquarters of the General Secretariat of Abu Dhabi Executive Council. The report was prepared by the World Bank, in coordination with the Competitiveness Office of Abu Dhabi, ...

  DUBAI / WAM The Ministry of Finance (MoF) organised a workshop to discuss a book entitled, “Breaking the Oil Spell – The Gulf Falcon’s Path to Diversification”, on its premises in Dubai. The book was launched in April on the sidelines of the spring meetings of the International Monetary Fund(IMF) and the World Bank Group(WBG) in Washington DC. The ...