LONDON: London’s mayor has blocked plans to build a glass viewing platform 1,000 feet (300 m) above Britain’s capital on a slender tower shaped like a tulip, saying it would be of limited public benefit and damage the skyline.
The building, designed by British architect Norman Foster’s company, would have been the second tallest in western Europe, beaten only by the nearby “Shard”, but its design was deemed not good enough.
“The mayor has a number of serious concerns with this"...

The Abu Dhabi-based Khalifa Fund for Enterprise Development (KFED) has signed a partnership agreement with the Ethiopian Ministry of Finance aimed at providing over $100 million to help promote a culture of innovation and entrepreneurship in the African country.

The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help pave the way in enhancing innovation and supporting"...

LONDON: British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.
Shares in the company, controlled by Newcastle United soccer club owner Mike Ashley, dropped as much as 14 per cent to a seven-month low of 226.2 pence in early Monday trading.
Sports Direct described trading in December as “unbelievably bad”. While it did"...

LONDON: Bitcoin slumped more than 10 per cent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin.
Bitcoin fell 11.1 per cent from Friday to $9,855 early on Monday, its lowest since July 2. The original cryptocurrency slumped 10.4 per cent on Sunday alone, its second-biggest daily drop this year. It was last up 0.5 per cent at $10,245.
Politicians and financial regulators across the world have called for scrutiny"...

BEIJING: China’s economic growth slowed to 6.2 per cent in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.
While more upbeat June factory output and retail sales offered signs of improvement, some analysts cautioned the gains may not be sustainable, and expect Beijing will continue to roll out more support measures in coming months.
China’s trading partners and financial markets are closely watching the health"...

IMO2020 will cause significant upheaval to the global shipping and oil refining industries. Even ahead of the January 2020 implementation of the new regulation, trade flows and prices of different crude oil grades have risen. The market is expecting Fujairah to play a key role supplying fuel meeting the new 0.5 per cent maximum sulphur limit to vessels.

Standing as the second busiest bunkering port in the world, Fujairah has two facilities that"...

A delegation of 19 Middle East College’s (MEC) students are taking part in Hanyang University’s Summer School programme along with other students from around the world. The programme will last for a month and it is expected to end on July 28, 2019.
It covers various areas of art and design, media, social studies, science and math, and the Korean language and history. It also includes educational and cultural trips to some of the well-known touristic places in South Korea.
The International Student"...

NEW YORK, (ST)- A delegation from the Syrian People's Assembly (PA) is taking part in the Parliamentary Forum at the 2019 High-Level Political Forum on Sustainable Development (HLPF), which kicked off its deliberations on 13 of July and will last till July 18th at the UN headquarters in New York.

The High-Level Political Forum (HLPF) is the United Nations hub for the global review of progress toward the implementation of the Sustainable Development"...

HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora. The 6-month program will provide a seed investment of €150,000 plus an eventual investment of €500,000 to €1.5 million.

HSEVEN DISRUPT AFRICA is designed to support exceptional entrepreneurs building high-impact startups, and targets"...