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AJMAN / Emirates Business In line with its global outreach strategy to secure new investments, Ajman Free Zone on Sunday announced that it has opened a representative office in Cyprus and has also entered into an alliance with Freemont Group, a business and corporate consultancy with offices in both Nicosia and the UAE. In a statement, the free zone said ...

Bloomberg President Donald Trump said the war on terrorism isn’t a battle between different faiths, toning down rhetoric that had fueled concerns America was at war with Islam. On the second day of his inaugural foreign trip, where he’s been hailed by Arab leaders as a “dear brother” and a man with “unique personality,” Trump told Muslim allies on Sunday ...

Bloomberg North Korea conducted another ballistic missile test on Sunday, ratcheting up tensions in the region as Kim Jong Un persists with his nuclear program. The projectile was fired from Pukchang, northeast of Pyongyang, at 4:59 p.m. and flew about 500 kilometers (310 miles), South Korea’s joint chiefs of staff said. The U.S. is aware of the launch and believes ...

Bloomberg Turkey’s President Recep Tayyip Erdogan on Sunday took back control of the ruling party he founded, a step that gives the nation’s most powerful man additional authority to appoint loyalists to parliament lists and party posts across the nation. Just a month after a vote approved transferring Turkey’s center of political power to the presidency from parliament, the AK ...

The United States may have escaped most digital damage from the global ‘ransomware’ virus, though cyber experts fear more attacks. One possible explanation is that the malicious software (‘malware’) harms older versions of Microsoft’s Windows operating system, which most Americans have replaced. Perhaps many users in other countries haven’t. Whatever the explanation, this is not the end of internet threats. ...

Britain’s ruling Conservative Party says it plans to establish a sovereign wealth fund. It’s a great idea — albeit one that comes decades too late, with North Sea oil revenue diminishing and the cupboard of U.K. assets available for sale to seed the fund already almost bare. Here’s what the party’s manifesto, released on Thursday ahead of the June 8 ...

Investors dumped Brazil’s stocks and currency as the country’s ever-proliferating corruption scandal spread to President Michel Temer. This latest twist in a seemingly endless saga not only threatens to stall vital economic reforms but also comes close to showing that the corruption in Brazil’s government is literally beyond control. Proving otherwise will require drastic measures. Sitting federal lawmakers have put ...

Former National Security Advisor Michael Flynn’s controversy continues to dog the White House. Flynn scandal has become towering predicament for Trump’s presidency. Trump fired Flynn in February as he misled Vice President Mike Pence about his contacts with Russia’s ambassador to Washington Sergey Kislyak before Trump took office. In 2015, Flynn received $30,000 to attend Moscow events, where he shared ...

It’s been an excellent few months for startups in China’s sharing economy. Perhaps too good. The bike-sharing industry landed its first unicorn, and companies that allow phone users to share battery packs have raised at least $150 million in recent weeks. But at the same time, one startup recently announced that it expects to share at least 500,000 umbrellas in ...

What’s Europe’s most profitable airline? Air France-KLM, whose premium passengers sleep in private suites with memory-foam mattresses, dine on Joël Robuchon dishes and have private jets at their disposal? Or Ryanair Plc, which offers flights starting at 10 euros and whose chief executive officer has mused about charging passengers for toilet visits? No prizes for guessing it’s Ryanair. Trailing 12-month ...