UAE. In a report released today by A.T. Kearney the UAE is ranked as the seventh most-attractive country in the Global Retail Development Index (GRDI), marking the eighth year in a row that the country has been globally ranked in the top 10. The UAE’s retail market continues to grow steadily with retail space growing by 7 percent in 2014 to reach 1.6 million square meters and […]
Men stood on a building damaged during Hamas’s last war with Israel. Gaza’s unemployment rate has risen to 44 percent, the highest in the world. By DIAA HADID and MAJD AL WAHEIDI June 1, 2015 GAZA CITY — On a street here crammed with glittery clothing and electronic shops, Mahmoud Matar flipped through the receipt book for his appliance store, much of it blank: His lone sale that day was a $7 […]
UAE. Etihad Airways, the national airline of the United Arab Emirates, achieved its strongest financial results to date in 2014, posting a net profit of US$ 73 million on total revenues of US$ 7.6 billion, up 52.1 per cent and 26.7 per cent respectively over the previous year. 2014 PEFORMANCE SUMMARY OF ETIHAD AIRWAYS *The above results represent the standalone airline business within the newly formed Etihad […]
By SAM BORDEN and JODI RUDOREN May 28, 2015 ZURICH — The protesters outside the arena where FIFA staged the opening ceremony for its annual congress Thursday held Palestinian flags and blunt banners. “Red Card Israel Apartheid,” one read. “Occupation = Segregation,” another said. “EXPEL Israel, Say NO to racism and discrimination.” But as the congress convened, the Palestine Football Association’s proposal to oust its Israeli counterpart from FIFA, soccer’s international […]
Op-Ed Contributor By NICHOLAS MCGEEHAN May 28, 2015 LONDON — On May 11, the Lebanese artist Walid Raad was turned away at the airport when he tried to enter the United Arab Emirates, where the government is making a big investment in art with the Saadiyat Island project. The project, in the capital, Abu Dhabi, will include branches of the Louvre and the Guggenheim as well as a campus […]
Mosed Shaye Omar, 64, a naturalized American citizen since 1978, sued the State Department and Secretary John Kerry, claiming he was coerced into acknowledging that he had a name different from what was on his passport. By LIZ ROBBINS May 27, 2015 For nearly five hours on Jan. 21, 2013, in a windowless room at the United States Embassy in Sana, Yemen, an American citizen and Brooklyn grocery store […]
Foreigners can buy into Saudi IPOs on case-by-case basis RIYADH, 22 days ago Foreigners will be allowed to buy directly into initial public offers (IPO) of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign institutions to begin investing directly in the stock market, subject to restrictions such […]
Travel tech firm moves to Microsoft Azure cloud technology DUBAI, 22 days ago Microsoft has signed a strategic deal with Illusions, a Dubai-based travel tech firm, to support the transfer of the company’s entire business operating platform onto Microsoft’s cloud technology, Azure, an initiative aimed at enhancing productivity and client satisfaction. The move to Azure will incorporate the existing system on which Illusions operates to provide services […]
Tunisian special forces taking position on Monday near the Bouchoucha military base in Tunis after a corporal opened fire on soldiers at the barracks. By CARLOTTA GALL May 25, 2015 TUNIS — A Tunisian soldier opened fire on fellow troops inside the central army barracks in the capital on Monday morning, killing seven soldiers and wounding 10 others, the Tunisian Defense Ministry said. The soldier was killed in an […]
An anonymous painting of Turkish Emperor Mahmud II leading his troops. By DAVID MOTADEL May 23, 2015 CAMBRIDGE, England — THE last several months have brought a dramatic escalation in conflict across the Middle East, almost all of it involving tensions between Sunni and Shiite Muslims — which are in turn fueled by a power struggle between Shiite Iran and Sunni Saudi Arabia for regional supremacy. Tehran runs a […]
Branding on a budget DUBAI, 16 days ago How does a lone entrepreneur create a brand image and message and keeping costs low? While this really depends on how lean your start-up will be, there are a number of tools which one can pick and mix to launch a brand, a report said. The fundamental strategy when branding on a budget is to eliminate the need for […]
UAE. The findings of a new study by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, shows that mobile technologies are creating immense value for consumers – value that greatly exceeds the costs of owning a mobile device. In fact, consumers worldwide value mobile technologies at 11 to 45 percent of their income – well above what […]
By PETER BAKER May 21, 2015 WASHINGTON — President Obama denied that the United States and its allies were losing the fight against Islamic State forces in the Middle East, but he acknowledged in an interview posted online on Thursday that more should be done to help Iraqis recapture lost territory. While repeating his refusal to commit large-scale American forces to the region, the president said Sunni fighters in […]
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|By Alaa Alghamdi| Recently we have seen heightened security along the Saudi borders in response to the threat posed by Houthi rebels, those same rebels who exerted such power that they forced President Mansour Hadi to leave the country. The leadership of Khaled Bahah as Vice President offers hope that decisive action may be taken to resolve this matter. Meanwhile the UN is referring to the situation […]
Doha Bank posts $115m net profit, up 5.2pc DUBAI, 18 hours, 57 minutes ago Doha Bank has posted a net profit of QR420 million ($115.2 million) for the first quarter of the year, compared to QR399 million for the same period last year, an increase of 5.2 per cent. The bank’s net operating income increased 2.3 per cent to QR714 million, while its total assets increase QR4.1 […]
In my previous column, I outlined the innovative German system of cooperative study and universities of applied sciences. These institutes in particular support a practical, hands-on approach to learning about engineering. But where do managers of mid-sized business learn the tools of their trade? As we have seen, traditionally, the answer would be through common sense and trial and error. The majority of world-leading mid-sized enterprises were […]
The Hue Go portable lamp from Philips give you the option to light up your space with over 16 million different colors and seven distinct lighting effects you control with your smartphone. It can also interact with over 200 compatible 3rd-party apps for all sorts of special effects. Unplugged it has a battery life of 3 hours, making it easier to take it wherever you want it. […]
As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai’s skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf – open shareholder dissent. Speculation persists that Alabbar and Emaar, the company he founded in 1997, could soon part ways despite a categorical denial from the firm last month. His involvement in other firms’ projects, […]
|By TAP Staff| According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10.0 percent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury. Based on the banks’ 2014 annual results released in the first quarter of 2015, the newest […]
State-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal, according to a document on the court’s website. The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal, the special court that had been overseeing the process. Formal sign-off for the restructuring could occur […]
Dubai’s Amlak Finance will hold a shareholder meeting on April 16 to seek their approval for lifting a six-and-a-half year trading suspension on the mortgage lender’s shares, according to a bourse filing on Wednesday. If shareholders agree, the board will then seek permission from the “concerned authorities” to resume trade and determine a date to do so. Trading in Amlak, 48 percent owned by Dubai’s biggest developer […]
The proposal by Dubai Municipality to introduce mandatory affordable housing quotas for all new residential developments in Dubai is long overdue and is expected to bring a wide range of benefits to the emirate, while driving further maturity in the market, according to leading international real estate consultants, Cluttons. With the residential market in Dubai now meandering through the second half of the current property cycle and […]
Kott Mototrcycles is an LA–based garage specializing in restoration & fabrication based around Honda’s iconic 70s-era CB bikes. Their super-clean custom café builds highlight the motor & mechanics while simplifying the outline and frame geometry. The result: 40-year old CBs that look like they just rolled off the showroom floor. This entry passed through the Full-Text RSS service – if this is your content and you’re reading […]
