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Five Questions on Innovative Finance With Georgia Levenson Keohane

A man holds up his mobile phone showing a M-Pesa mobile money transaction page for the photographer at an open air market in Kibera in Kenya’s capital Nairobi (Reuters/Noor Khamis). This post features a conversation with Georgia Levenson Keohane, executive director of the Pershing Square Foundation, adjunct professor of social enterprise at Columbia Business School, and author of Capital and the Common Good: How Innovative Finance is […]

Alwaleed Philanthropies Partners with "Energies Pour L'Afrique" for Cleaner Energy Solutions

Monday, December 5, 2016 Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, has announced its partnership with ‘Energies Pour L’Afrique’ headed by Jean-Louis Borloo, previous Leader of the Union of Democrats and Independents, and previous Minister of Ecology, Energy, Sustainable Development and Town and Country Planning, in aims to mobilize its network in increasing access to clean energy. Access to energy is […]

insydo, the ultimate city guide, is named 'Startup of the Year' by Arabian Business

19 November 2016 Just 10 months after its launch, insydo was named ‘Startup of the Year’ at the Arabian Business Startup Awards that took place in Westin Dubai Mina Seyahi on October 15, 2016. This ambitious homegrown startup has already built a growing fan base of over 300,000 unique visitors per month, becoming the go-to city guide and a voice of influence in Dubai with the release of its native […]

Change of leadership at the Center for Public Integrity

The Board of Directors of the Center for Public Integrity today announced the resignation of the Center’s Chief Executive Officer, Peter Bale. Mr. Bale, previously vice president and general manager of digital operations at CNN International, had been based in London for the three years prior to his move stateside. He is resigning to pursue other international media opportunities. Bale’s tenure at the Center, the global nonprofit […]

UAE and Vatican unite on tolerance, security and peaceful co-existence

VATICAN CITY // Sheikh Mohammed bin Zayed and Pope Francis held discussions on strengthening existing links and promoting the acceptance of others’ beliefs. “We are working together on promoting and enabling, for peace and stability to prevail throughout the world,” said Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, after the meeting at the Vatican on Thursday. He said that […]

Global wealth study shows a 6.4% billionaire population growth representing a combined wealth of US$7.7 trillion

INTERNATIONAL.  Wealth-X today released key highlights from its 2015-2016 Billionaire Census revealing a record number of billionaires, globally. The third edition of this preeminent report indicates that there are 2,473 total billionaires in the world, representing a combined wealth of US$7.7 trillion.  These figures illustrate a 6.4% and 5.4% increase since 2014, respectively. Driven by Wealth-X’s unparalleled collection of hand curated dossiers on the ultra high net […]

UAE parents defend Gems schools after claims in the US they fund 'jihad'

DUBAI // An American television network has been criticised by UAE residents after one of its anchors cited a report that Gems schools, based in Dubai, funded jihad. The comments, aired on a Fox Business Network show hosted by British-American Stuart Varney, were taken from a report from US political website The Daily Caller. Fox reiterated that the views were not that of the channel but of […]

Microsoft Grants Aid Delivery of Affordable Internet Access Worldwide

Tech giant Microsoft said today that it has awarded grants to entrepreneurs who want to expand Internet access across the world, especially in less prosperous areas that lack affordable access. The company’s Affordable Access Initiative awards grants to startup companies that are developing new technologies to improve Internet access to communities. The goal of the initiative is to “democratize access to the Internet through grants, commercial partnerships, […]

Islamic Crowdfunding: Way to go

|By Umar Munshi| Islamic Crowdfunding has the potential to help us change our world for the better. When an online community unites and pools resources, this community has the financial and social clout and capability to create and re-create multiple aspects of the world and directly impact society. Crowdfunding itself started and blossomed in the West initially amongst groups of like-minded individuals wanting to create something. In […]

70% Middle East businesses family-owned

|By TAP Staff| About 60-70% of the Middle East businesses are owned by family businesses and 88% of them are present in five or more sectors, most common being real estate, construction, retail, manufacturing, and travel and leisure, according to the findings of a study on GCC family businesses undertaken on behalf of the Gulf Family Business Council (GFBC), the regional association of Family Business Network International […]

Open Source: Nationalists in Finland Hurl Rocks at Iraqis Seeking Asylum

Open Source By ROBERT MACKEY Dozens of Finnish nationalists, including a man dressed like a member of the Ku Klux Klan, hurled rocks and fireworks late on Thursday at a bus carrying migrants seeking asylum to temporary housing in Finland, the state broadcaster YLE reported. Reporters in Lahti, about 60 miles north of the capital, Helsinki, recorded video of the bus — which carried men, women and […]

Tributes flow for ‘noble knight’ Sheikh Rashid bin Mohammed

DUBAI // The late Sheikh Rashid bin Mohammed has been remembered as a “noble knight” who raised the flag of the UAE, as tributes continued to flow after his death on Saturday. Condolences were offered on Sunday at Zabeel Palace to Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, for the death of his eldest son after a heart attack at the age of 33. […]

Emirates Red Crescent campaign to gather aid

ABU DHABI // Emiratis have shown their philanthropic spirit by pledging to support a campaign to rebuild Yemen. At the weekend, the Emirates Red Crescent launched its Yemen: We Care – or Relief for Yemen – fund-raising appeal to help millions of Yemenis suffering in the conflict. Fahad bin Sultan, deputy secretary general of the ERC, urged the public to help out as aid was desperately needed. […]

UAE Exchange in community development partnership

UAE Exchange in community development partnership DUBAI, 3 days ago UAE Exchange, a leading remittance, foreign exchange and payment solutions brand, has extended its philanthropic arm by partnering with Community Development Authority of Dubai to benefit various local community groups, educational institutions, charitable organisations, labour camps and government departments. Varghese Mathew, country head – UAE, said: “We are an organisation that is committed to the betterment of […]

Alwaleed pledges all his wealth to charity

|TAP Special| Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of the Board of Trustees of the Alwaleed Philanthropies, announced his intention to donate all of his wealth to philanthropy over the coming years to help build a “better world of tolerance, acceptance, equality and opportunity for all.” This $32 billion philanthropic pledge will help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide […]

West Bank Site May Pose Challenge for Netanyahu and Region’s Future

Renovations have started at a 9.5-acre compound in the West Bank that started as a church-run hospital in the 1950s and later became a hostel for travelers. By JODI RUDOREN June 9, 2015 NEAR EL AROUB REFUGEE CAMP, West Bank — The old stone compound set amid Palestinian farmland between the cities of Bethlehem and Hebron has a relatively new fence. The compound, with eight buildings spread over 9.5 […]

American Way: Meet the Koch Brothers. Not as ‘Un-American’ as the Left would believe.

David and Charles Koch  If you doubt whether Republicans are serious about defeating Hillary Clinton, consider this: At a California meeting last week headed by billionaire industrialists Charles and David Koch, an $889 million budget was unveiled before the network of conservative donors they assembled. Some have gone so far as to suggest this essentially makes the Koch network America’s “third” political party. After all, their warchest […]

POWER MINISTRY MULLS RS 5,700 CRORE SUBSIDY FOR OPERATIONALISING GAS-BASED IDLE POWER CAPACITY

NEW DELHI: In a big push to 31,000-MW of electricity generation plants stranded without fuel, the power ministry has proposed a Rs 5,700 crore subsidy to help operationalise idle gas-based capacity, a loan restructuring scheme for such plants and the supply of coal to projects that will be commissioned before March 2015.

The proposals will benefit 24,148 MW of gas-based projects and 7,230 MW of plants that run on coal, set up at a total investment of about Rs 1,50,000 crore.

An additional 10,930 MW of coal-based plants that will be commissioned before March are also likely to gain. The ministry will approach the Union cabinet with a proposal to pool prices of imported gas and coal with domestic fuels to help stran