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10301 - 10310 from 16571 . In "BUSINESS"
Ryanair Chief Executive Michael O'Leary addresses a news conference in Schwechat, Austria, in this file photo. — Reuters
Ryanair chairman gets shareholder slapdown amid strikes
GORMANSTON, Ireland — Ryanair shareholders delivered a blow to the no-frills airline's chairman on Thursday amid widespread strike action by European staff that has rattled confidence in the company. Chairman David Bonderman was re-elected but only with 70.5 percent of the vote at the annual general meeting — a dip on last year's assembly where he garnered a 89.1 percent endorsement. The company's flamboyant chief executive Michael O'Leary was re-elected with 98.5 percent of the vote — and lent his voice in effusive support of the chair. "We have been very fortunate to have David Bonderman as chairman for the last 22 years," he told the roughly 90 shareholders present. The Local Authority Pension Fund Forum (LAPFF), a shareholder, had earlier recommended...
September 20, 2018

Ryanair chairman gets shareholder slapdown amid strikes

IMF leaves Kiev without announcing aid deal, central bank sees accord soon
KIEV — An IMF mission has left Ukraine without announcing a deal on new aid but a top central bank official said on Thursday he expected an agreement "in the near future" that would help preserve financial stability during 2019, an election year. Analysts expressed surprise at the lack of an IMF statement at the end of the visit, which ran from Sept. 6 to 19, though markets responded calmly, with Ukraine's dollar bonds slightly firmer on Thursday. The IMF has been pushing Ukraine to raise household gas prices, which have been kept artificially low since Soviet times, to market levels. It was not immediately clear whether the two sides had made progress in their talks on this issue. "There are productive negotiations on the new program. Significant progress has been...
September 20, 2018

IMF leaves Kiev without announcing aid deal, central bank sees accord soon

Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce medium-term economic program in Istanbul, Turkey on Thursday. — Reuters
Seeking to restore confidence, Turkey slashes growth forecasts
ANKARA — Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for deeper reductions that reflected the fragile state of the economy and a plan to help banks. Turkey has seen its lira currency plunge by 40 percent this year on concerns over President Tayyip Erdogan's influence over monetary policy, with the turbulence jolting financial markets around the world. Finance Minister Berat Albayrak hoped to use his medium-term economic plan to rebuild confidence by giving investors a full account of the country's economic prospects. He said growth would be 3.8 percent this year and 2.3 percent in 2019, both revised down from forecasts of 5.5 percent. Sources, however, had said there was debate among top government...
September 20, 2018

Seeking to restore confidence, Turkey slashes growth forecasts

Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia, in this file photo. — Reuters
Under fire Danske Bank faces fresh money laundering inquiry
COPENHAGEN — Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia. Chief Executive Thomas Borgen resigned on Wednesday after an investigation commissioned by Danske Bank exposed control and compliance failings, fueling calls for more stringent European Union rules after several such scandals. The bank's report sparked vocal political criticism and prompted Denmark's Financial Services Authority (FSA) to revisit a case which it had put on ice earlier this year, but is reported to have attracted the attention of U.S. authorities. "We're reopening the investigation of the bank that we initially closed in May,"...
September 20, 2018

Under fire Danske Bank faces fresh money laundering inquiry

Fertilizer industry critical to tackling global food security
MUSCAT – The fertilizer industry has a crucial role to play in addressing global food security challenges, as the world’s population continues to expand rapidly, driving demand for nutrition and resource availability, said speakers during the 9th GPCA Fertilizer Convention held on Sept. 18-20 at Kempinski Hotel, Muscat, Oman.Dr. Fuad Bin Jaafar Bin Mohammed Al-Sajwani, Minister of Agriculture and Fisheries, Oman, patronized the event and opened the exhibition as part of a special inauguration ceremony in the morning of day one. In line with this year’s theme “New frontiers and opportunities”, the convention highlighted recent developments in the global and regional industry landscape, consolidation within the agri-nutrients business, sustainable agricultural solutions and...
September 19, 2018

Fertilizer industry critical to tackling global food security




Dark and Bright Star
Dubai Design Week continues to grow as its 4th edition is set
JEDDAH — Dubai Design Week will be returning for its fourth edition on Nov. 12-17, 2018 in Dubai under the patronage of Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice-Chairman of the Dubai Culture & Arts Authority, and in partnership with Dubai Design District (d3) and supported by Dubai Culture & Arts Authority.Taking place at locations across the city, this year’s programme will be the most comprehensive to date, with more than 120 companies participating and 230 events taking place, encompassing exhibitions, commissioned installations, awards and competitions, talks and workshops, tours and experiences for design enthusiasts and public visitors alike.An accessible meeting point for the global design community, since its inauguration in 2015, Dubai Design Week has become a...
September 19, 2018

Dubai Design Week continues to grow as its 4th edition is set




Mansoor Bu Osaiba
4G network infrastructure tech vital to public safety
DUBAI — Professional Communication Corporation - Nedaa, the Dubai Government secure networks provider, is all set to share its current critical communications tactics in the public safety domain when it participates for the sixth consecutive year at the Critical Communications Middle East and North Africa (CC MENA) Conference and Exhibition in Dubai. Nedaa, CCMENA 2018’s Host Operator, is going to shed light on its 4G network infrastructure and the technology’s crucial role in supporting public safety enforcement and emergency response initiatives. To be held on Sept. 24-25, 2018 at the Madinat Jumeirah, CCMENA will provide Nedaa a global venue to emphasize the importance of data connectivity in promoting real-time communications and achieving mission-critical objectives. Embracing...
September 19, 2018

4G network infrastructure tech vital to public safety

security feeds
Global malicious login attempts on the rise
CAMBRIDGE, Mass. – Findings from Akamai 2018 State of the Internet / Security Credential Stuffing Attacks report, revealed approximately 3.2 billion malicious logins per month from January through April 2018, and over 8.3 billion malicious login attempts from bots in May and June 2018 – a monthly average increase of 30 percent. In total, from the beginning of November 2017 through the end of June 2018, Akamai researcher analysis shows more than 30 billion malicious login attempts during the eight-month period. Malicious login attempts result from credential stuffing, where hackers systematically use botnets to try stolen login information across the web. They target login pages for banks and retailers on the premise that many customers use the same login credentials for multiple...
September 19, 2018

Global malicious login attempts on the rise




Ashwin Assomull
Dubai and Abu Dhabi account for 60% of private K-12 market
DUBAI — The UAE has led the Middle East’s private K-12 growth. Dubai and Abu Dhabi account for 60% of the private K-12 market.This data was released by L.E.K. Consulting, a leading global management consulting firm, ahead of the IPSEF Middle East conference taking place in Dubai this weekend. According to the report, The Private K-12 Opportunity in the Middle East, the private K-12 market in the region has grown three times faster on average than GDP in the last three years alone, and is even larger than the higher education market that is valued at $3.7b. “A favorable regulatory environment, consumer willingness to pay, and promising demographics in both the local and expatriate populations make the region’s K-12 opportunity highly attractive,” said Ashwin Assomull, Partner,...
September 19, 2018

Dubai and Abu Dhabi account for 60% of private K-12 market




Telecoms World Middle East 2018 in Dubai last Monday
Ericsson wins 5G Innovator of the Year Award
ERICSSON has been named 5G Innovator of the Year at the Telecoms World Middle East 2018 that took place in Dubai last Sept. 17.The award is based on Ericsson’s position as a consolidated technology leader driving 5G innovation regionally and globally. Ericsson’s network technology enables evolution from 4G to full 5G deployment through natural, step-wise implementation that balances investments, revenue streams and competitiveness while minimizing risk.Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people. Its expanded 5G portfolio and current radio system deployments are now set to ensure that 5G is a smooth network evolution through manageable steps, based on well-designed components of multiple technologies.Rafiah...
September 19, 2018

Ericsson wins 5G Innovator of the Year Award

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