International News

Apple Rumors

Rumours about new iPhones normally centre on the screen, proc

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Google parent sues Uber for stealing self-drive technology

Alphabet on Thursday filed a lawsuit accusing Uber and its se

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Oil rises towards top of recent trading range as Opec cuts output

Oil rose on Tuesday after exchange data showed hedge funds pl

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Abu Dhabi's ADNOC signs 10-year LPG sale deal with Vitol

The Abu Dhabi Nat

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Mena equity markets to see growth

Equity markets in

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Business Investors

Al Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California.</p

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Arab CEOs will use private jets as personal taxis

Private Jet Charter says 10% of Arab CEOs use private jets for leisure travel Use of corporate jets is making a comeback globally and more particularly in the Middle East, a trend that is differ

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Hyundai sales up 6% to 52,734 units in February

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 6% increase in total sales at 52,734 units in February. The company had sold 49,729 units in February last year, HMIL said in a

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Emirates NBD ranked top bank brand in the UAE

Emirates NBD is ranked the UAE&rsquo;s most valuable banking brand with a $3.406 billon brand valuation in The Banker&rsquo;s annual brand valuation league table. Fact Box description starts her

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Alqubaisi's Centurion Investment UAE acquired 40% of NMC group for $1 billion

&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H.E. Mr. Saeed Bin Butti Alqubaisi today announced that he has acquired a significant stake in New Medical Centre LLC (NMC) through his company Centurion I

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Dubai venture capital firm Wamda launched $75 million fund and invested in 3 firms

Almost four months after raising $55.7 million from 26 limited partners, today Dubai-b

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Boeing invents Max10 on 737

Bengaluru:&nbsp;Boeing Co has approached India&rsquo;s Spice Jet Ltd and Jet Airways Ltd as it gauges airlines&rsquo; interest in its 737 MAX-10 aircraft, the stretched version of the yet-to-be-

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Saudi Telecommunications Ministry inks memo with IBM

RIYADH: The Ministry of Telecommunications and Information Technology on Wednesday signed a memorandum of understanding with IBM to promote cooperative programs at an advanced level. <d

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Saudi Aramco, McDermott sign MoU for construction of offshore platforms

Saudi Aramco signed a memorandum of understanding (MoU) with McDermott International for the integrated engineering procurement construction and installation (EPCI) of offshore platforms for M

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Legg Mason bulks up in Dublin for Brexit fund flexibility

Move to ensure retains ability to sell to EU clients * No details on staff moves * <a href="http://www

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Abu Dhabi expected to achieve 3.7% economic growth in 2017: Department of Economic Development

Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is expecting Abu Dhabi&rsquo;s economy to achieve a growth rate of between 3.5 to 3.

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HeliConference Dubai 2017 to kick off on April 17

HeliConference Dubai 2017, the Middle East&rsquo;s first dedicated conference that focusses on the helicopter industry, will be held in Dubai under the patronage of Vice President and Prime Mini

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Qatar Airways Plans Indian operation

Qatar Airways CEO said on Wednesday (08/03/2017) that Qatar Airways and Qatar Investment Authority plan to start a domestic airline in India. If their plan is implemented then Qatar Airways will

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Bankruptcy laws

Answers Corp, which owns the and Multiply websites, filed for Chapter 11 bankruptcy on Friday with a plan to swap ownership of the company to creditors who are owed about $540 millio

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McAfee to ramp up investment in India; add jobs

The company which has been part of Intel as Intel Security Group has close to 2,000 people in India with over 1,700 engineers. &nbsp; New Delhi: IT security firm McAfee is

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FPI net inflow kitty at Rs 10,000 cr in March so far

New Delhi: Foreign investors pumped in over Rs 10,000 crore in the Indian capital markets this month so far and the trend is expected to continue in coming weeks following the BJP&#39;s stunning

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Expect India to be 3rd-biggest car market by 2020: Suzuki

Geneva: Suzuki Motor Corporation (SMC) expects India to grow into the third-biggest car market in the world by 2020 and is &quot;determined&quot; to play a big part in that growth. Th

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Intel bought Mobileye for $14 Billion for autonomous driving

Intel will buy Israel&#39;s Mobileye in a deal valued at just over $14 billion, the latest push by a major tech company to advance autonomous vehicles that could change the way traffic moves glo

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HSBC Appoints New Chairman

Hong Kong: Banking giant HSBC announced the appointment of a new chairman Monday as part of a management overhaul which will also see it choose a new CEO, after a massive drop in profits in 2016

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Investments in renewable energy in MEA reach $8.7b

Dubai: Investments in the renewable energy sector picked up in 2016 across the Middle East and Africa, with greenfield transactions attracting $8.7 billion (Dh31.9 billion) of investments. Fact

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Posco Daewoo to invest US$112m in Bangladesh gas field

[DHAKA] South Korea&#39;s Posco Daewoo Corp plans to invest up to US$112 million over the next five years to explore for gas in a deep water block in the Bay of B

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Dubai firm reveals plans to build world’s first 3D-printed skyscraper

DUBAI: A Dubai-based construction company has announced plans to build the world&rsquo;s first 3D-printed skyscraper. The firm, called Cazza, says that they plan to use a new co

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SAIL, ArcelorMittal to resolve differences before May

New Delhi: The government today said it is hopeful that SAIL and ArcelorMittal will resolve differences over setting up of about Rs 5,000-crore autograde steel plant before May. &quot

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Wall St Week Ahead-Post-Fed boost for small-cap stocks may be limited

By Caroline Valetkevitch NEW YORK, March 17 (Reuters) - Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve&#39;s decision to raise interest rates this p

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Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, Germany (Reuters) - Japanese Finance Minister Taro Aso said on Friday it was &quot;very important&quot; for the Group of 20 economies to reconfirm its warning that excess currency

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McDonald's shareholders to weigh giving franchisees board seat

By Lisa Baertlein LOS ANGELES, March 17 (Reuters) - McDonald&#39;s Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain&#39;s

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IMF cuts Colombia 2017 economic growth estimate to 2.3 pct

BOGOTA, March 17 (Reuters) - The International Monetary Fund on Friday cut its 2017 forecast for Colombian economic growth to 2.3 percent from 2.6 percent, citing political uncertainty and fin

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Activist investor Elliott owns Akzo Nobel's stock -source

March 17 (Reuters) - Activist investor Elliott Management owns shares in Akzo Nobel NV, a person familiar with the matter said on Friday, potentially adding pressure on the Dutch paint maker t

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UAE-Germany non-oil trade at $10.9 bln in first 9 months of 2016

Non-oil trade between the UAE and Germany stood at more than US$15.5 billion in 2015, and $10.9 billion in the first nine months of 2016, said Abdullah Al Saleh, Under-Secretary for Foreign Trad

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Google opens 'shortcuts' on smartphones

Google wants to make it easier for you to find answers and recommendations on smartphones without having to think about what to ask its search engine. Its new feature, called &quot;sh

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GOLDMAN: OPEC's oil production cuts were smart but they're having unintended consequences

The Organization of Petroleum Exporting Countries made a smart move to limit production,&nbsp;but the move has had some&nbsp;unforeseen effects, according to Goldman Sachs analysts.&nbsp; <

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India's Snapdeal searches for funds, takeover speculation grows

Mumbai: Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competiti

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Tesla has a dangerously valuable asset that no one is talking about

But that whole car-on-the-outside thing can be deceiving. In fact, although Porsche 911s certainly look cool, the &quot;killer app&quot; of the legendary sports car is actually the&nbsp;engine,&

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'Trumpcare' suffers stunning blow as GOP committee chair comes out against it

A major House committee chair dealt the Republican bill to replace the Affordable Care Act another blow as he announced Friday he would not be voting in favor of the plan as it is now written.</

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