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10151 - 10160 from 16520 . In "BUSINESS"




A cross section of participants of the forum in New York on Sept. 27, 2018
IRTI, UNDP, Malaysian SC partner to promote use of Islamic finance
THE Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group, United Nations Development Program (UNDP) and Securities Commission Malaysia (SC) have collaborated to promote the use of Islamic financing instruments to meet the funding requirements of the Sustainable Development Goals (SDGs).The huge funding needed to meet the 2030 Agenda for Sustainable Development far surpasses the resources available to individual governments and multilateral agencies, thereby making it imperative to join forces and to diversity sources of mobilizing financing for development projects.With its underlying principles that emphasize risk sharing and responsible financing, Islamic finance has been tipped as a viable mechanism for mobilizing resources in this regard.In...
September 29, 2018

IRTI, UNDP, Malaysian SC partner to promote use of Islamic finance





The 23-head delegation meets with senior board members of the Jeddah Chamber of Commerce and Industry on Tuesday
GESALO marks 40 years of strong German-Saudi Economic Relations
FOR 40 years, the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) has been officially representing German-Saudi business interests and is bridging between the two leading economies of Europe and the Middle East. On the occasion of its 40th anniversary, GESALO welcomed a high-ranking business delegation from Germany headed by Dr. Volker Treier, Deputy CEO of the Association of German Chambers of Commerce and Industry. After a reception at the Consulate General of the Federal Republic of Germany in Jeddah on Monday, and a visit to the new King Abdulaziz International Airport, the 23-head delegation met with senior board members of the Jeddah Chamber of Commerce and Industry on Tuesday. In order to expand further economic relations in the region, Dr. Treier announced the...
September 29, 2018

GESALO marks 40 years of strong German-Saudi Economic Relations





Chicago portfolio comprises two premium continuing care retirement communities with approximately 1,100 units
Arcapita widens US senior living portfolio to $350 million with Chicago acquisition
ARCAPITA, a leading alternative investments firm with a track record of 80 transactions exceeding a total of $30 billion in value, has acquired a portfolio of senior living properties in Chicago, Illinois, bringing the firm’s total assets under management in the sector to $350 million. The transaction comes as Arcapita, which has been operating in the US since 1998, strengthens its market presence by moving to a new office in Atlanta and bolstering its US team with highly experienced real estate and private equity investment professionals. The Chicago portfolio comprises two premium continuing care retirement communities with approximately 1100 units and is operated by Senior Care Development and Life Care Services; the second largest senior housing manager in the US with 130...
September 29, 2018

Arcapita widens US senior living portfolio to $350 million with Chicago acquisition





Savor a cup of freshly brewed coffee at Café Society from 8:30am to 10:30am today (Sept 30) for free
International Coffee Day kicks off at Café Society
CAFÉ Society, the exquisite dining place for gourmet lovers, located at Tamani Marina Hotel & Hotel Apartment, is all set to celebrate International Coffee Day and invites all the coffee lovers to savor a cup of freshly brewed coffee from 8:30am to 10:30am today (Sept 30) for free.Try and taste Café Society’s coffee blends of great character which, at your first sip, will reveal their individuality and an elegant finish that lingers on the palate and in the mind.Walid Al-Awa General Manager, Tamani Marina Hotel, said: “We are celebrating International Coffee Day, and we hope that our guests will enjoy this year’s event which holds the theme “Women in Coffee”, to think even more of the women in every link of the coffee chain, who make every cup happen.”The International Coffee...
September 29, 2018

International Coffee Day kicks off at Café Society

Project ONE
Mercedes-AMG Project ONE prototype testing
THE development of the Mercedes-AMG Project ONE show car, presented at IAA 2017, had been intensively worked on behind closed doors for several months. In a highly complex, digital development process (Project ONE Virtual Engineering), the transnational project team worked towards its common goal: putting Formula 1 hybrid technology on the road. Hundreds of testing hours have already been spent to master the immense challenge of making the high-performance drive unit ready for series production: the whole powertrain including all hybrid components underwent the toughest race track tests on the high-performance dyno tests of HPP›s engine specialists in Brixworth. The successful completion of the dyno tests was followed by the installation of the highly complex powertrain into the first...
September 29, 2018

Mercedes-AMG Project ONE prototype testing

G20 policy banks pose limited fiscal risks to sovereigns
FRANKFURT — Moody's Investors Service said that based on a sample of 43 policy banks rated by Moody's in G20 countries, sovereigns face limited contingent liability risks related to potential financial support needed to support the banks' debt obligations.Some governments incur fiscal costs to support the policy banks' operations, which are typically taken into account in Moody's assessment of the sovereigns' fiscal strength. At the same time, contingent liability risks related to policy banks have been found to be limited for the G20 countries included in the sample.Moreover, to the extent that governments have the resources to support their policy banks, and such banks allocate resources to productive sectors, policy banks can help sustain sovereign credit...
September 29, 2018

G20 policy banks pose limited fiscal risks to sovereigns

Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration in this file photo. — Reuters
Facebook says up to 50 mn accounts breached in attack
SAN FRANCISCO — Facebook announced Friday that up to 50 million accounts were breached in a security flaw exploited by hackers. The leading social network said it learned this week of the attack that allowed hackers to steal "access tokens," the equivalent of digital keys that enable them to access their accounts. Facebook chief executive Mark Zuckerberg said engineers discovered the breach on Tuesday, and patched it on Thursday night. "We don't know if any accounts were actually misused," Zuckerberg said. "This is a serious issue." As a precaution, Facebook is temporarily taking down the "view as" feature — described as a privacy tool to let user see how their own profiles would look to other people. "It's clear that attackers...
September 28, 2018

Facebook says up to 50 mn accounts breached in attack

In this file photo, German Chancellor Angela Merkel (2nd R) is flanked by then Volkswagen chairman Matthias Mueller (R) and Volkswagen board member Herbert Diess (2nd LL) as she visits the booth of Volkswagen (VW) at the Internationale Automobil Ausstellung (IAA) auto show in Frankfurt am Main, western Germany. Chancellor Angela Merkel heaped pressure on auto giants to pick up the full bill for any refits of older polluting diesel vehicles, as key negotiations got under way on Friday on the potentially politically explosive issue. — AFP
Germany inches towards diesel fix, solution seen Monday
BERLIN — The German government is on track to find a solution for tackling pollution from diesel vehicles but there is no agreement yet, a government source said after Chancellor Angela Merkel chaired a meeting on Friday in Berlin. Final details of a deal that seeks to avert bans on older vehicles from city streets should be hammered out when leaders of Merkel's coalition of conservatives and center-left social democrats meet on Monday. "We're on a good track," the source told Reuters. "There are only details that need to be cleared up." Merkel has set an end-September deadline to find a way to tackle pollution from diesel vehicles, and avert more driving bans in cities that are being forced by courts to take action to improve air quality. Yet her...
September 28, 2018

Germany inches towards diesel fix, solution seen Monday

Drivers from shared-ride services Uber and Cabify attend a demonstration in Madrid as part of a strike to protest a law that aims to regulate shared-ride services in Madrid, Spain, Thursday. — Reuters
Spain gives Uber and Cabify drivers four years to secure licenes
MADRID — Spain on Friday gave drivers of Uber and Cabify four years to comply with new licensing regulations issued by its autonomous regions and cities, defying protests by drivers for the ride-hailing services. There are almost 11,000 vehicles with ride-sharing licenses and more than 65,000 with taxi licenses, Public Works Ministry data shows, with more than 150,000 taxi drivers and 15,000 Uber and Cabify drivers in operation. On Thursday, drivers of Uber and Cabify took to the streets to protest against the proposed transfer of licensing powers to Spanish regions. Drivers fear it aims to reduce license numbers. "If they want to continue working in cities they will have to apply for appropriate licenses," Public Works Minister José Luis Abalos told a news conference after...
September 28, 2018

Spain gives Uber and Cabify drivers four years to secure licenes

IATA chief Alexandre de Juniac, seen in this file photo, is angry over risky Brexit deadlock.
Airlines angry over 'risky' Brexit deadlock
LONDON — The impasse between Britain and the EU in Brexit negotiations is "crazy" and "risky" for airlines with time running out to ensure cross-Channel flights can continue unimpeded, the world's airline body has warned. The International Air Transport Association (IATA), which represents around 290 airlines, raised the alarm after Britain issued new guidance to spell out a worst-case scenario for aviation in the event that it fails to reach a deal with Brussels. The guidance "clearly exposes the extreme seriousness of what is at stake and underscores the huge amount of work that would be required to maintain vital air links", IATA chief Alexandre de Juniac said in a statement. The government technical paper stressed that without an overarching...
September 28, 2018

Airlines angry over 'risky' Brexit deadlock

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