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  Bloomberg French tax authorities are seeking to recover 2.2 billion euros of tax breaks given to Societe Generale following massive losses due to “rogue trader” Jerome Kerviel’s recklessness, Les Echos newspaper said. In September an appeals court in Versailles, west of Paris, decided that the French banking giant was mostly to blame for ex-trader Kerviel losing 4.9 billion euros ...

  Nicosia / AFP Bank of Cyprus, the east Mediterranean island’s largest lender, said on Tuesday it would apply for a listing on the London Stock Exchange as part of its restructuring drive. “We are delighted to be applying for a listing on the London Stock Exchange, which marks another significant step in the bank’s transformation,” said BoC chairman Josef ...

  Dubai / Emirates Business Reed Travel Exhibitions, organiser of the annual Arabian Travel Market (ATM) showcase in Dubai, which will take place at the Dubai World Trade Centre from April 24-27, 2017, announced that it will host the first ATM Global Halal Tourism Summit as part of its line-up of special focus events. The one-day summit, scheduled to take ...

  Sharjah / Emirates Business As part of the National Day Celebrations, to show their love and loyalty for the UAE, Waiwera Artesian Water, the world’s leading mineral water brand has launched a campaign under, the slogan “Express Your Love for UAE.” The initiative was launched in the presence of HH Sheikh Saqr bin Mohammad Al Qasimi, President of Sharjah ...

  DUBAI / Emirates Business Dubai Exports, the export promotion agency of the Department of Economic Development (DED), recently participated in BakuBuild, the leading construction industry fair in Central Asia held annually in Baku, the capital of Azerbaijan, along with 16 Emirati companies specialised in building materials. The exhibition was held this year in the backdrop of growing interest among ...

Dubai / Emirates Business Dental tourism in the Middle East and Africa is being dubbed the backbone of the region’s ballooning medical tourism industry, with the value of the dental consumables market projected to climb to USD 1.44 billion by the end of 2020. Much of this growth, according to experts, can be laid at the doorstep of technological advances ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region, was honoured by Efma and Accenture with a ‘Bronze Digital Distribution’ award at the 2016 Global Distribution & Marketing Innovation Awards for its innovative mobile-based ‘Fitness Account’. Launched in November 2015, the Fitness Account is a mobile only savings account that allows customers to earn higher interest ...

  Moscow/AFP Russian Defence Minister Sergei Shoigu said on Tuesday that jets from the Admiral Kuznetsov aircraft carrier deployed in the eastern Mediterranean had launched their first strikes on Syria. “For the first time in our naval history, the aircraft carrier Admiral Kuznetsov started taking part in combat,” Shoigu said at a meeting with President Vladimir Putin in the Black ...

  Riyadh/ AFP Arab leaders must treat the region’s 100 million young people as an asset, not a liability, the UN’s youth envoy said in Saudi Arabia on Tuesday. “This is a generation that is so willing to contribute,” but is beset by obstacles in the 22-nation region plagued by conflict since a wave of Arab uprisings demanding reform erupted after ...

  Moscow / AFP Russia’s security service said on Tuesday it had detained five suspects with ties to the IS extremist group who were plotting to carry out attacks in the country. The FSB security service said in a statement it had “thwarted the activities of a group created to perpetrate crimes of a terrorist and extremist nature” in Moscow and ...