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Service industry news

Houssine El Quaroui, Resort Mayor Of Jannah Resort & Villas Ras Al Khaimah

28 March 2017 Ras Al Khaimah, United Arab Emirates: Jannah Hotels & Resorts has appointed Houssine El Quaroui as resort mayor of Jannah Resort & Villas Ras Al Khaimah. Houssine oversees all operations of the first Jannah property in Ras Al Khaimah, in addition to his present executive role group director of opening.
 

ADNOC Distribution Opens Al Rowdah ADNOC Xpress Station in Abu Dhabi

28 March 2017 Abu Dhabi - ADNOC Distribution announced the opening of Al Rowdah ADNOC Xpress station, which is the seventh station of its kind in Abu Dhabi city and its suburban areas. The new station is located on Delma Street in the area between Al Khaleej Al Arabi Street and Al Bateen Street in Abu Dhabi.

UAE Banks Federation holds its Ordinary Annual General Assembly Meeting

28 March 2017 The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting at Commercial Bank of Dubai Head Offices. The meeting, chaired by H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, was....

MARC affirms rating of AAA(FG) on Segi Astana Sdn Bhd's RM470 million guaranteed MTN programme

MARC has affirmed its rating of AAA(fg) on Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium-Term Notes (MTN) programme with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad....

Marka Opens The Region's First Exclusive Shiseido Beauty Boutique

28 March 2017 Dubai, UAE Marka PJSC (DFM: MARKA), the first public joint stock retail operator in the UAE, announced a strategic partnership with the leading Japanese beauty brand, Shiseido. The partnership saw the opening of the region’s first Shiseido Beauty Boutique at Dubai’s premier outdoor retail space, City WALK Boulevard in March 2017.

Business Diary: Tuesday March 28

Tuesday March 28 Datalex full-year results Hostelworld full-year results February retail sales from the CSO Central Bank governor Philip Lane speaks at Barclays European Financial Capital Summit Wednesday March 29 British government to trigger Article 50 to officially begin Brexit process....

Britain's new 1-pound coin goes into circulation

Britain's new 1-pound coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation as of Tuesday on the eve of the launch of a Brexit process that has put national unity in doubt. The 12-sided (dodecagonal) coin is the first change to its shape since its introduction back in 1983.

Justice and Home Affairs Council, 27-28/03/2017 - Main results

Migration. On Monday, ministers took stock of developments in the area of migration policy, focusing on the implementation of the Malta declaration of 3 February 2017. They paid particular attention to how contributions from member states could help make implementation even more effective. “Time is of the essence.

Rising Sea Levels Threaten South California Beaches

As the water level in the seas and oceans around the world continues to rise, there are many coastal areas that are at risk. A new study by researchers from the U.S. Geological Survey (USGS) showed that California is definitely one of those places, and that the golden state could find anywhere....

Trump's Wall Is 'Anachronistic,' Research Shows

Everything You Need To Know, Right Now. The IBT Pulse Newsletter keeps you connected to the biggest stories unfolding in the global economy. President Donald Trump’s border wall was facing major hurdles before the federal government could ever begin its construction.

Beijing tightens rules to turn away commercial property speculators

Beijing housing authorities tightened regulations on commercial real estate projects as a way to cool down a housing market with soaring prices fueled by speculative buyers. According to an official statement released late Sunday by the city's housing, urban planning, industry and commerce and....

AIIB approves loans to finance infrastructure in Indonesia, Bangladesh

BEIJING, March 28 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) said Tuesday that it had approved three new loans totaling 285 million U.S. dollars to finance infrastructure in Indonesia and Bangladesh. This announcement brought the multilateral development bank's total lending to over....

Millions of Deaths Annually Due to Wrong Use of Wastewater

Although about 72% of the Earth’s surface are covered by water, only 0.3% are suited for use as drinking water. “With that in mind, wastewater is no waste. It contains thermal energy, chemical energy in the form of carbon compounds, and valuable plant nutrients.

Deal reached to end Berlin airport ground staff dispute

BERLIN A union representing ground staff at Berlin’s two airports says it has reached a deal to end a pay dispute that resulted in a string of recent strikes. The ver.di union said the three-year deal reached Tuesday foresees wages being raised significantly in four stages through 2019.

Trump has casino trademark in Jordan but gambling is illegal

DUBAI, United Arab Emirates The president of the United States holds a trademark in Jordan for a Donald Trump casino, despite the fact that gambling is illegal in the kingdom. It is one of four he received before he ran for office, and suggests that the former casino executive may have had wider....

Taxing robots: That does not compute

By Michael J. Hicks. Microsoft founder Bill Gates recently opined that we should tax robots as we tax people in order to slow technological job changes. Since I have written about the distortions inherent in the way we tax capital (which is the monetized measure of robots), I feel the need to respond to Gates suggestion.

Jaitley briefs MPs about GST bills introduced in LS

NEW DELHI: Finance Minister Arun Jaitley today briefed lawmakers about the four GST bills introduced in Lok Sabha which will be taken up for consideration tomorrow. Jaitley told MPs that the passage of these bills, which were introduced in the Lower House yesterday, will result in one-nation one-tax....

Wealth-creation mantra: Save more to save more

A few days back, in a Reddit discussion on savings and investment , I saw someone ask whether others in the group also found themselves saving more after they started investing. This person said that when he never invested, he would spend a lot of money on useless small expenses that could well be avoided.

Rising xenophobia and nativism in the US will hurt India

Two friends in India with daughters in the "marriageable age" declared recently that they had scrubbed US-based grooms - a coveted demographic - from their list of prospective sons-in-law. They didn't want their daughters to undergo a "visa wait" that they expected to get worse under the Trump dispensation.

GST good but India needs to do more: Harvard prof

The rising labour costs in China, Prof Feldstein said, will encourage more American companies to look to India but he warned that policy changes needed. NEW DELHI: The Goods and Service Tax , which the Indian government is trying to implement from July 1, will encourage American companies to invest....

India’s LPG offer to Nepal to check China’s influence

NEW DELHI: After winning hearts in UP through rapid implementation of ‘Ujjwala’ the project for providing free cooking gas connection to poor houses the Modi government on Monday moved to win over Nepal by offering to assist in launching a similar scheme.

After UP, now Jharkhand bans illegal slaughterhouses

RANCHI: Days after the Aditya Nath Yogi government’s crackdown on illegal slaughterhouses in Uttar Pradesh, another BJP-ruled state, Jharkhand, decided to ban all illegal slaughterhouses in the state on Monday. The slaughterhouses were given 72 hours to shut their illegal businesses if they failed to obtain licence from relevant authorities.

Don’t jump over rupee hitting 17-month high; reversal of seasonality on the cards

NEW DELHI: The rupee rose 0.56 per cent on Monday to hit a 17-month high of 65.05, a level last seen on October 28, 2015, helped by a weak dollar and positive economic and political developments. Besides, one more thing is working in its favour; the seasonality factor.

American Airlines buys stake in China Southern Airlines

The deal represents 2.76 percent of China Southern's shares and requires regulatory approval, the airline said. BEIJING: American Airlines has agreed to pay $200 million for a stake in , one of China 's three major state-owned carriers, in a bid for a bigger share of the country's growing market.

Economy will gain from GPF reforms: Government

Government employees can now withdraw from the GPF for funding primary, secondary and higher education, covering all streams and institutions. NEW DELHI: The Centre feels that the recent decision to relax withdrawal norms for from the General Provident Fund (GPF) will be a win-win situation for both the government and employees.

Modi government has been blind to this big Pakistani threat to 'Make in India'. Read how

Kai Xue The China-Pakistan Economic Corridor (CPEC) is the game-changing package of Chinese capital and engineering worth $54 billion in investment and lending. But the ultimate aim is to bring together China, India and Pakistan as part of a Eurasian market forged by Chinese President Xi Jinping’s ‘One Belt, One Road’ policy.

GST rollout, tackling NPAs to dominate new fiscal

An eventful financial year nears its end on March 31. It was a year of tumultuous ups and downs that witnessed a couple of historic economic moments. The year began with a hopeful resolution of the Greek financial crisis followed by a shocking exit of Britain from the European Union (EU).

Pvt banks will outperform: Manishi Raychaudhuri

Indian markets are unlikely to see sig nificant upside in the rest of the year unless earnings improve, said Manishi Raychaudhuri , Asian Equity Strategist at BNP Paribas Securities , which has a Sensex target of 30,300 by the end of 2017. In an interview to Sanam Mirchandani, Raychaudhuri said he....

Gov't: Policy Direction of Dresden Initiative Remains Valid

The Unification Ministry said Tuesday that the policy direction of the Dresden Initiative, which is the key North Korea policy of the Park Geun-hye government, remains valid though applying pressure on the North must be the main focus at the present time.

President Trump, Ryan are at odds over middle-class tax cuts

Trump wants a tax cut across the board, according to the plan he published during the campaign. He has proposed relief for the wealthy especially, but also for less affluent households. The plan that Ryan, R-Wis., and his colleagues in the House have put forward would not substantially reduce taxes....

The resurrection of Palermo: how the mafia battlefield became a cultural capital The Guardian 31 mins ago

Every city, at some stage in its history, reaches a tipping point. For Palermo , it was one sweltering afternoon in July 1992, when more than 1,500 soldiers armed with automatic weapons took up positions on every corner of its eerily quiet streets in a show of military force unknown to Italy since the end of the second world war.
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