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The BBC’s headquarters in London Photo: AP The BBC’s director-general, Tony Hall, is a man in a hurry. As one of the oldest DGs to be appointed, and already in receipt of his BBC pension, the 64-year-old is acutely aware that the corporation’s charter has less than two years to run, and that the licence fee – the BBC’s bedrock for the 93 years of its existence – […]

Mubasher Financial ….. Nasdaq Dubai’s ‘Retail Broker of the Month’ January 2015. Mubasher wins special recognition by Nasdaq DUBAI, 2 days ago Mubasher Financial Services, one of the Middle East’s leading financial institutions, has announced that it has been recognised by Nasdaq Dubai as the ‘Retail Broker of the Month’ for January 2015.   This recognition reinforces Mubasher’s market positioning as a widely respected financial services business, […]

Fast-growing Gulf Arab banks plan to bolster their reserves by issuing capital-boosting bonds, but uncertainty over regulation and ultra-tight pricing increase the risks for issuers and investors. Basel III standards, now being phased in around the world, will require banks to hold more capital. While Gulf banks have very high capital adequacy ratios, their rapid expansion, and the fact they operate in emerging markets with lower sovereign […]

In 1990, Martin Scorcese’s Goodfellas was nominated for 6 Academy Awards. In 2000, It was chosen for preservation by the US Library of Congress. Now this gangster epic is being re-released in a special 25th anniversary Blu-ray edition that includes hours of supplements & an all-new documentary featuring DeNiro, Nicholson, DiCaprio and others. Recommended article: Chomsky: We Are All – Fill in the Blank.This entry passed through […]

Typing anything longer than a tweet on your touchscreen can be a real drag, especially if you were blessed with sausage fingers like us. The TextBlade solves the problem—it’s a compact mini keyboard that uses a patented multitouch key technology. Weighing just 42.5 grams and a third of the size of an iPhone 6, it’s the slimmest full QWERTY design to date. Recommended article: Chomsky: We Are […]

Politicians have exchanged blows over the A&E crisis Photo: Alamy The A&E crisis is rapidly becoming the dominant story of the election. Last week, Ed Miliband and David Cameron laid into each other in blood-curdling terms. The Tory denounced as “disgusting” his rival’s plan to “weaponise” the NHS as a political issue; his Labour rival proclaimed that this was “a crisis on his watch, as a result of […]

Op-Ed Contributor By MORIEL ROTHMAN-ZECHER January 11, 2015 TEL AVIV — “WHAT are you,” he asked, “a leftist?” We were both wearing the surplus United States Marines uniforms given to prisoners at Israeli Military Jail No. 6. “It depends how you define ‘left,’ ” I said. “Don’t get clever with me. Why are you here?” “I didn’t want to be part of a system whose main task is the violent […]

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Dubai’s DAMAC will list on the Dubai Financial Market (DFM) on Monday, a bourse spokesman said, after the developer offered holders of its London-listed global depository receipts (GDRs) shares in its holding company instead. DAMAC in December received approval from the United Arab Emirates’ Securities and Commodities Authority to list on the DFM, according to a filing to the London Stock Exchange. The developer offered 23.08 shares […]

|By Andrew Torchia| It’s a weekend morning at the Dubai Mall, a glitzy complex with 1,200 stores, and the shoppers are pouring in. A traffic jam has formed in the basement parking area. With passenger arrivals at Dubai’s airport at record highs, retailers expect a good month. The 55 percent plunge of oil prices since last June might be expected to usher in an age of austerity […]

|By James G. Neuger |The bodies haven’t been buried and the killers are on the loose, but that didn’t prevent anti-Islam politicians across Europe from seizing on the Jan. 7 massacre in Paris. The rhetoric varied in intensity across the European Union’s 28 countries, each with its own religious and social phobias, many gripped by an economic recession that makes convenient scapegoats out of immigrants — especially […]

Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has mandated Barclays to explore the options of the possible divestment, the people said on Thursday. Almatis is around 80 percent owned by DIC with a stake also held by […]

India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in trading hubs of Antwerp, Tel Aviv and Dubai for its supply of rough diamonds, which mainly come from Russia or Africa. […]

Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices. The Saudi budget envisions state spending at a record 860 billion riyals ($230 billion) next year, up 0.6 percent from the 2014 budget plan. That would be the smallest rise […]

Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to counter the effect of tumbling crude prices on the economy. The government said it expects the budget deficit in 2015 to widen to 145 billion riyals ($39 billion), from 54 billion riyals this year, the Finance Ministry said today. That amounts to about 5 percent of […]

Watan inks strategic tie-up with Natixis RIYADH, 2 days ago Natixis, the corporate arm of France’s banking group Groupe BPCE, and Saudi Arabia’s Watan Investment & Securities Company have signed a strategic cooperation agreement. The signing, which took place at the Council of Saudi Chambers in Riyadh, Saudi Arabia, marks the start of expectantly a long-term cooperation between the two institutions on a wide range of Natixis […]

Women in the Mena region mostly seek employmentin order to be more financially independent. Majority of Mena women see gender equality in jobs DUBAI, 2 days ago While 51 per cent of women in the Mena region consider recruitment and selection opportunities are regardless of gender, 31 per cent believe that women are treated less favourably in terms of salary, a report said. Women in the Mena […]

Gulf governments seek to improve the livesof citizens and create jobs. Oil slump won’t derail $500bn Gulf infrastructure plan DUBAI, 2 days ago Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets. However, states are being urged to consider the most effective funding […]

Cyber threat… rise in malicious attacks on computers and mobiles Cyber threats increase by one billion in 2014 JEDDAH, 1 days ago A total of 6.2 billon malicious attacks on user computers and mobile devices were blocked by Kaspersky Lab antivirus products in 2014, one billion more than in 2013, the vendor of endpoint protection solutions reported. In 2014 Kaspersky Lab experts saw considerable growth in the […]

Family firms… ouperforming non-family companies Family firms ‘key driver of GCC growth’ DUBAI, 1 days ago Family firms, which represent around 75 per cent of the private sector economy in GCC, outperform non-family firms by 15 per cent, and their continued success is a vital contributor to overall GCC growth, a report said. Family firms, which represent around 75 per cent of the private sector economy in […]

Labour leader Ed Miliband with MP for Manchester Central Lucy Powell Photo: Steve Back / Barcroft Media It was only a matter of time before Lucy Powell got it in the neck for being successful, young – and above all female. Just days after Ed Miliband promoted her vice-chair of Labour’s election campaign, the briefings against her began. Yesterday they reached a new frenzy, after she was blamed […]

India wants to buy more rough diamonds directly from mining companies as the world’s biggest polisher of the gems seeks to bypass traditional dealers. Prime Minister Narendra Modi called on more major suppliers such as Russia’s OAO Alrosa to sell directly to India, which polishes 80 percent of the world’s diamonds, avoiding trading centers such as Antwerp and Dubai. Speaking alongside President Vladimir Putin in New Delhi […]

 Most stock markets in the Gulf fell sharply on Tuesday after oil prices hit five-year lows, triggering a fresh wave of panic selling of shares by local retail investors, though most fund managers and analysts think the region can cope comfortably with cheaper oil. Dubai’s market, traditionally the Gulf’s most volatile, tumbled 3.5 percent to 3,889 points, though it closed well above its intra-day low of 3,761 […]

Visitors walk past by the Ilissos statue, a part of the collection of ‘The Parthenon Marbles’, also known as the ‘Elgin Marbles’ in the Hermitage Museum in St. Petersburg Photo: ANATOLY MALTSEV/EPA By Boris Johnson 6:10AM GMT 08 Dec 2014 Follow The other day, I saw at close hand the bravery and professionalism of a Malaysia Airlines cabin crew as they grappled with a passenger who was being, […]

Funds tracking MSCI’s emerging markets index are likely to start buying several stocks in the United Arab Emirates and Qatar that will see their benchmark weightings increased after the end of trading on Tuesday. These include Emaar Properties, Dubai Islamic Bank and First Gulf Bank in the UAE, plus Doha’s Industries Qatar, Qatar National Bank, Doha Bank and Commercial Bank of Qatar. Gulf International Services will join […]

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