Author: Arabian Media staff
Images: Supplied Step into the sleek, fragrance-dotted offices of Sterling Perfumes in Dubai, and you’re immediately hit with the unmistakable notes of tradition, innovation and grand ambition. At the heart of it all is Dr Ali Asgar Fakhruddin, who has turned a family-run fragrance operation into a global brand. As chairman and CEO, Dr Fakhruddin isn’t merely following trends; he believes in meticulously setting them – in exquisitely designed glass bottles, in lingering scent trails, and in immersive experiences that resonate deeply with consumers long after the first spritz. “If your ambition isn’t audacious, you’re playing it too safe,” he…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese biotech shares are surging this year on growing optimism over innovative cancer treatments being licensed to western pharmaceutical companies. The Hang Seng Biotech index, which reflects the performance of the 50 largest such companies listed in Hong Kong, has returned 61.8 per cent so far this year, well ahead of the 20.6 per cent return on the city’s benchmark Hang Seng index. The rally marks the end of a prolonged bear market for China’s biotech industry. Interest in the sector faded…
After warm relations during his first term, Tokyo has not adapted to Donald Trump’s transactional approach in trade and defence Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is to pursue more subsidy investigations against foreign companies investing in the bloc as it steps up efforts to combat what it sees as unfair competition, its antitrust chief has said.Although not specifically aimed at China, the EU’s foreign subsidies regulation, which came into force in 2023, has been used to target many Chinese companies amid growing concern that oversupply by the world’s largest manufacturer is jeopardising European industry.Asked whether there would be more such probes under the regulation, Teresa…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.MPs have accused the chair of the Financial Ombudsman Service of “disrespectful” behaviour, saying she tried to stop them finding out that the body’s chief executive was sacked after a “mutual collapse in confidence”.The scathing findings by the House of Commons Treasury select committee add to a deepening crisis at the FOS. Its powers are set to be curbed by chancellor Rachel Reeves in her Mansion House speech on Tuesday after it became a lightning rod for City criticism of regulators.MPs have…
U.S. stock futures fell Sunday, a day after President Donald Trump threatened to impose new 30% tariffs against imports from Mexico and the European Union. Source link
Saudi Arabia’s Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a national platform aimed at transforming the Kingdom’s business services landscape and accelerating growth across both public and private sectors. The launch follows the merger of BIAC—a startup incubator and accelerator formerly owned by TAQNIA, another PIF portfolio company—with the PIF’s Shared Services Centre, creating a new national champion for integrated business services. Tasama will offer a comprehensive suite of services for startups in Saudi Arabia, including: Accounting and financial support Human resources and procurement services Digital solutions and innovation platforms Startup incubation and acceleration Workspace and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Federal Aviation Administration has issued a notice to its international counterparts that fuel control switches in Boeing aeroplanes like the Dreamliner involved in last month’s fatal Air India crash do not pose a safety issue. The FAA’s notice to foreign civil aviation authorities followed a preliminary report by India’s Aircraft Accident Investigation Bureau that the engines on Air India Flight 171 briefly cut off shortly after take-off on June 12. Switches controlling fuel flow to the jet’s two engines had…
Germany’s defence minister has told weapons makers to stop complaining and “deliver” on re-arming Europe, as he called for production to increase to match his country’s booming spending plans.Boris Pistorius told the Financial Times his government had addressed long-standing industry concerns by streamlining hundreds of billions of euros of new military spending.“There is no reason to complain any more,” Pistorius said in the FT interview. “The industry knows perfectly well that it is now responsible for delivering.”The industrial groups had to hold up their end of the bargain, he said, as Europe seeks to deter Russian aggression amid waning US…
Image credit: WAM/Website In line with directives from Dubai’s leadership to enhance road infrastructure and public transport in support of urban development, population growth, and quality of life, Dubai’s Roads and Transport Authority (RTA) has awarded a contract for the Al Mustaqbal Street Development Project. Read-Sheikh Zayed to Al Khail just got faster: Dubai’s RTA completes new road project The Dhs633m project extends from the intersection with Za’abeel Palace Street to Financial Centre Street. Once completed, it is expected to significantly improve traffic flow, cut travel times, and enhance access to key business and residential districts in central Dubai, a…