Emirates Islamic launches ‘food’ drive

  Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its partnership Beit Al Kheir Society to launch a food distribution initiative. The distribution will be done via a special food truck to those in need across the UAE, with regular distributions planned on a weekly basis. Awatif Al Harmoodi, General Manager, Operational Quality ...

Read More »

Dubai Festival City throws open children’s art exhibition

  Dubai / Emirates Business Kicking off its partnership with the 2017 Emirates Airline Festival of Literature, Dubai Festival City opened a unique art exhibition within the centre court of its Mall. From February 20 to March 11, visitors can enjoy 400 pieces of art created by children from 55 schools across the UAE for free. The exhibition, supported by ...

Read More »

Bodies of 74 migrants heading to Europe wash up in Libya

  CAIRO / AP At least 74 bodies of African migrants have washed ashore in western Libya, the Libyan Red Crescent said on Tuesday, the latest tragedy at sea along a perilous trafficking route to Europe. The bodies were found near the western Libyan city of Zawiya on Monday, Red Crescent spokesman Mohammed al-Misrati told The Associated Press, adding that ...

Read More »

Beware of consultants bearing rosy news about mergers

  mid the blizzard of election news last November, two writers at the nonprofit news organization ProPublica came out with a startling investigative report. Jesse Eisinger and Justin Elliott wrote about a small but very wealthy group of American economists who make millions of dollars helping companies deal with the federal government on antitrust cases. They focused on Dennis Carlton, ...

Read More »

The shipping news suggests reflation is real

  About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving goods from A to B. “Shipping News Says World Economy Is Toast,” was my dour conclusion. Today, however, many of those indicators are pointing to a much brighter outlook for the global economy, suggesting that reflation has indeed replaced ...

Read More »

Do you trust big data? Try Googling the holocaust

  The advent of big data was supposed to usher in a more precise and rational world. Instead, it might be leading us into the swamp of “alternative facts.” Data may not lie, but they can be interpreted in ways that have the same effect. Consider President Donald Trump’s persistent claim that millions voted fraudulently in the 2016 election. In ...

Read More »

Nothing German about Korean unification bet

  It’s time to put the Korea reunification trade back on the table, but only after ditching the German blueprint. With China suspending coal imports from North Korea, Pyongyang may have lost between a third and two-fifths of its export income. One gauge of whether investors perceive the embargo to be harsh enough to destabilize the despotic Kim Jong Un ...

Read More »

Syrian doctors face a long slog

  Frankfurt / DPA Afram Shamoun, who for decades practiced medicine in Damascus, is now lying on a doctor’s couch in Frankfurt pretending to be a patient with knee problems. The 59-year-old is taking part in a course that prepares doctors qualified in other countries to take the exam to be able to practise in Germany. Today they’re going over ...

Read More »

Here, solar power lights up their lives!

  JOHANNESBURG / AP The surprise was finding that people dependent on candles, batteries, kerosene and fuel for generators in countries without a secure supply of electricity spend more on power than solar options. The founders of Dutch company Lumos knew they could do better: In Nigeria, for the cost of powering a small generator for two hours they offer ...

Read More »

China to draft rules to rein in asset management risks

  Bloomberg China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter. The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked ...

Read More »
Send this to a friend