Abu Dhabi / EMIRATES BUSINESS The ultimate record-breaking roller coaster ‘Flying Aces’ launched on Wednesday at Ferrari World Abu Dhabi, delivering a unique, adrenaline-fueled experience for roller coaster lovers and thrill seekers alike. The exciting new ride was unveiled at an exclusive launch event attended by HE Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism & Culture Authority, and Mohamed ...
Read More »Mena Market Place adds Just Premium to operations
Sunaina Rana / EMIRATES BUSINESS UAE-based company Mena Market Place is soaring to new professional heights under the leadership of director Nader Bitar. One of the leading programmatic advertising companies in the region, the firm has now formed strategic partnerships with industry giants Just Premium and SSP Rubicon Project. Nader Bitar, Director, Mena Market Place, said, “Mena Market Place is the ...
Read More »ADIPEC 2016 to focus on energy efficiency
ABU DHABi / WAM Under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, Abu Dhabi will play host to the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) from November 7 to 10 at the Abu Dhabi National Exhibition Centre. Driving efficiency in the energy sector will form the cornerstone of ADIPEC 2016, ...
Read More »Australia unveils ‘massive’ increase in defence spending
Sydney / AFP Australia unveiled a massive new investment in the nation’s defence capabilities on Thursday to address what Prime Minister Malcolm Turnbull called “high stakes” and “momentous times” in Asia. Citing increased defence spending around the region and potential flashpoints in the South China Sea and the Korean peninsula, he said the government was committed to combating the most ...
Read More »Australia warns of possible terror attack in Indonesia
SYDNEY / AP Australia’s government warned on Thursday that terrorists may be in the advanced stages of preparing attacks in Indonesia, and urged travelers to exercise a high level of caution when visiting the southeast Asian nation, including the popular tourist island of Bali. The Department of Foreign Affairs and Trade issued the travel advisory, which said only that there ...
Read More »USA using smears to seek funds: China
BEIJING / AP China’s Defense Ministry says the commander of US forces in the Pacific smeared China while seeking additional defense funding from Congress. Ministry spokesman Col. Wu Qian on Thursday strongly criticized Adm. Harry Harris Jr.’s testimony before Congress this week, in which Harris said China was militarizing the South China Sea. Wu said he understood Harris was seeking ...
Read More »NATO tackles Greek-Turkey rifts on ‘Aegean mission’
Brussels / AFP NATO on Thursday overcame sharp differences between long-time rivals Greece and Turkey to finalise an unprecedented mission to tackle migrant smugglers in the Aegean Sea. US-led NATO launched the operation two weeks ago, aiming to help the EU cope with its worst migrant crisis since World War II, but longstanding disputes between Athens and Ankara over Aegean ...
Read More »Rubio supporters grow restive as USA primary debate looms
Bloomberg With no wins to show after the first four contests in the Republican presidential primary, Marco Rubio’s supporters are growing nervous that their candidate’s chances of becoming the party’s nominee may already be slipping way. “He’s got to do something, he’s got to stir up the mix a bit,” said Steve Hosheinz, a 55-year-old accountant from Houston who was ...
Read More »Lloyds soars on dividend bump as bank signals end for PPI
Bloomberg Lloyds Banking Group Plc surged after the lender increased its dividend payout and indicated it may have reached the end of charges for wrongly sold payment protection insurance that cost it 4 billion pounds ($5.6 billion) last year. The firm’s shares climbed as much as 11 percent, the biggest intraday gain since October 2011. Pretax profit for 2015, excluding ...
Read More »China to allow banks to issue US$7.7bn of bad loan securitization
Bloomberg China will allow domestic banks to issue up to 50 billion yuan ($7.7 billion) of asset-backed securities based on their non-performing loans, the first quota for such sales since 2008, people familiar with the matter said. The quota, which will initially be allocated mainly to China’s largest banks, will allow lenders to remove non-performing loans from their balance sheets ...
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