|By TAP Staff| Shareholders of Dubai’s Amlak Finance have approved the issuance of a sharia-compliant instrument convertible into its stock worth up to 2.1 billion dirhams ($571.8 million), a statement from the mortgage provider said on Sunday. The instrument is a key part of the company’s $2.7 billion debt restructuring plan, agreed with creditors in August. Amlak, whose shares have not traded on the Dubai Financial Market […]
Forum focus on strategic planning MANAMA, 3 hours, 42 minutes ago The third edition of the Arab Gulf Forum for Strategic Planning will open in Bahrain on November 18, a report said. Bahrain Society for Strategic Planning and ActSmart will co-organise the three-day symposium at Sofitel Bahrain Zallaq Thalassa Sea and Spa, reported the Gulf Daily News, our sister publication. Forum secretary general Dr Fahd Ibrahim Al […]
BBK relaunches training plan for Bahraini graduates MANAMA, 6 hours, 22 minutes ago BBK, a leading bank in the Middle East, has announced the relaunch of its management trainee development programme, as part of its ongoing talent development and succession planning strategy. The bank has developed this programme to identify and foster future leaders in the banking Industry, reported the Gulf Daily News, our sister publication. This […]
FTTH Council to host 6th annual conference DUBAI, 3 hours, 27 minutes ago Fibre to the Home (FTTH) Council Mena, has announced the launch of its sixth annual conference in the UAE under the theme of ‘FTTH – The Rise of Smart Nation’.According to a 2013 study conducted by the council, UAE has the highest penetration rate in the world of fibre to the home connectivity for […]
Mobily rolls out new iPhone 6 models RIYADH, 3 hours, 30 minutes ago Mobily, a leading teleom operator in Saudi Arabia, has launched the new iPhone 6 and iPhone 6 plus mobile phones in selected cities of Riyadh, Jeddah and Al-Khobar. There was a solid rush at the Mobily outlets on Saturday among the cutsomers who wanted to lay their hands on ‘the most sophisticated and advanced’ […]
ACT I. SCENE ONE A hotel in Northern England. Late morning. Ed, a 44-year-old politician, is posing for informal, behind-the-scenes photographs with his wife, Justine. He is due to make a speech in three hours’ time. It is being billed as the most important of his career. ED (talking like a ventriloquist, without moving his lips): Stop staring at my teeth, it’s making me feel self-conscious. JUSTINE […]
By BRUCE WEBER September 27, 2014 Michael Harari, an Israeli intelligence agent who led the hit squad that was sent to avenge the murders of 11 Israeli athletes by Palestinian terrorists at the 1972 Olympic Games in Munich, died on Sept. 21 in Tel Aviv. He was 87. His death was reported by The Associated Press, citing a statement by Israel’s prime minister, Benjamin Netanyahu, who called Mr. Harari […]
By DAVID E. SANGER and ANNE BARNARD September 27, 2014 WASHINGTON — The Pentagon said on Saturday that it had conducted its first strikes against Islamic State targets in a besieged Kurdish area of Syria along the Turkish border, destroying two armored vehicles in an area that has been the subject of a weeklong onslaught by the Islamic State. The action around Kobani, where at least 150,000 refugees have crossed into Turkey, appeared to signify the opening of […]
Turkish Kurds watched Kurdish forces battle with Islamic State militants across the border in Syria on Saturday. Turkey fears the fight against the Islamic State may embolden Kurdish separatists. By ANNE BARNARD and MARK LANDLER September 27, 2014 KARACA, Turkey — No American ally is closer to the threat of the Islamic State than Turkey, and no country could play a more important role in a coalition that President Obama is […]
Supporters of the Shiite Houthi movement in Sana, Yemen, standing around the coffins of their comrades killed in recent fighting. The rebels seized control of much of the capital last week. By REUTERS September 27, 2014 SANA, Yemen — A splinter group of Al Qaeda fired a rocket toward the United States Embassy in Sana on Saturday, wounding local guards. In a post on Twitter, the group said […]
Apple Products May Be Scarce Around the L.A. Clippers The Los Angeles Clippers have a new rival under [basketball team] owner Steve Ballmer, one that cannot fluster them with cheap shots on the court or end their season in heartbreaking fashion. Of course, that doesn’t make Apple products such as the iPad and iPhone any less vexing to Ballmer, the longtime former Microsoft executive who famously bars […]
Al Sudairy … GEMS is a leading player Saudi group buys waste management firm for $300m RIYADH, 1 days ago Jadwa Waste Management Opportunities Fund, a unit of leading Saudi Arabian private equity house and investment bank Jadwa Investment, has acquired Global Environmental Management Services (GEMS) together with its co-investment partners in a deal valued at around $300 million. The acquisition was funded by funds managed by […]
Genesis offers financial monitoring class DUBAI, 1 days ago Genesis Institute, a leading financial trainer, has launched courses in financial monitoring for businesses to enable them to analyse their performance, reduce losses, improve profits and detect accounting fraud. “You don’t have to be a finance expert in order to see when you’re business is in jeopardy and in fact, it is crucial to be able to tell […]
Deloitte Middle East hires 700 new staff BEIRUT, 2 days ago Deloitte Middle East, a leading provider of audit, tax, consulting, and financial advisory services, hired 700 new people this year while continuing to deliver double digit growth, said the company’s chairman and chief executive. “The firm is also investing heavily in its internal systems and in developing world-class expertise in such areas as cyber security, Private […]
Stephen Fry has boasted of taking drugs in royal palaces and famous hotels Photo: REX FEATURES Someone once called Stephen Fry “a stupid person’s idea of what a clever person is like”. Which is unkind: there’s nothing wicked about being a bit stupid, or admiring celebrities who seem brainy and cuddly, or enjoying a faux-donnish, avuncular figure who admits his problems with depression and makes you feel as […]
[embedded content] Sustainable business and production practices are one reason people love Patagonia gear. With their new Truth To Materials program their processes & products become even cleaner, by sourcing materials like reclaimed down, wool, cotton and natural, un-dyed cashmere directly through co-ops and local suppliers. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s […]
|By TAP Staff| Dubai buyout firm Abraaj is teaming up with TPG Capital, based in Fort Worth, Texas, for a deal to buy a majority stake in Saudi Arabian fast-food chain Kudu, it has been reported. Kudu operates about 200 outlets in Saudi Arabia selling grilled chicken sandwiches, burgers and breakfasts. According to Bloomberg, the pickup in Middle East investment comes as dealmaking by private-equity firms in […]
A warning by Iraq’s prime minister that Islamist militants planned to attack New York City sent political leaders scrambling on Thursday to assure the public it was safe to ride the subways and travel the streets of the nation’s largest city. New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio each had the same idea – take a subway ride to a busy […]
Leading Saudi IT firm achieves 20pc growth RIYADH, 21 hours, 18 minutes ago Al Falak Electronic Equipment & Supplies Company, a leading IT and communications solution provider, said it has registered a growth average of 20 per cent for the last three years. The company has been witnessing continuous growth in its operations in both Saudi Arabia and the rest of the GCC region over the last […]
Brocade unveils Vyatta SDN controller DUBAI, 21 hours, 28 minutes ago Brocade, an American technology company specialising in data and storage networking products, recently introduced the Brocade Vyatta Controller as part of the company’s strategy that delivers an open and modular networking platform for cloud service providers. The Software-defined networking (SDN) controller from Brocade that is scheduled for general availability in November this year is a key […]
Firms with women at top ‘perform better’ LONDON, 1 days ago Companies with higher female participation at board level or in top management exhibit higher returns, higher valuations and higher payout ratios, a report said. While the representation of women in management positions and on the boards of companies is similar, it is qualitatively different in its makeup, added the CS Gender 3000: Women in Senior Management […]
Demonstrators outside the Barbican make their views clear during a protest against ‘Exhibit B’ Photo: Demotix On Wednesday night, I was planning to visit the Barbican with a couple of artist friends, two African Americans from New York. We wanted to see Exhibit B – an installation which involves actors in various tableaux depicting the degradation and the horror suffered by the victims of the Atlantic slave trade. […]
|TAP Special| The star-crossed Dubai Pearl project is in trouble again. Work on the project, which has a history of chronic fund shortages, missed deadlines and botched up designs, has been completely stalled and expectations of an early resumption of construction have been belied. In the wake of defaults of various nature, the structure faces the risk of even a second demolition, according to insiders. After the […]
As airstrikes led by the United States against the militant group Islamic State continued on Wednesday, for the first time in over two decades – Saudi Arabia and several other Gulf monarchies openly joined the campaign. While Arab participation in the strikes is of more symbolic than military value, analysts described it as a bold move for a group of countries that for long preferred to act […]
