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Companies

22 Feb 2017, Doha, Qatar The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) announced today its financial results for the full year ended 31 December 2016. The Group reported a net profit of QAR 501.4 million as compared to QAR 1,434 million for the same period in 2015, a decrease of 65%. The Bank reported a net profit of QAR 683 million (2015- QAR […]

Middle East

Social media influencers admitted on Sunday their success and survival depends on them remaining transparent with their audience. Speaking at ITP Media Group’s ‘Influencer Marketing Summit’, the first event of its kind in the UAE, Joelle Mardinian, who has more than 5 million followers on social media, said she remains honest with her audience at all times otherwise it’s a “recipe for disaster”. “I don’t hide anything […]

Middle East

ABU DHABI // The UAE Armed Forces will put on their first public demonstration on Thursday, March 2. The Union Fortress at Abu Dhabi’s Corniche will feature a joint exercise encompassing all branches of the military, including the Presidential Guard, the Joint Aviation Command, the Navy, the Air Force, Air Defence and the Army. Some of the highlights include a dramatic high-altitude, low-opening freefall jump from an […]

Investigation

Ann Ravel on Sunday fulfilled her promise to quit the Federal Election Commission by May. In doing so, Ravel — who directed her resignation letter at President Donald Trump and including unsolicited advice for new president — leaves behind an agency the outspoken Democratic commissioner says she at once considers “essential” to American democracy and as useful, in its current state, as “men’s nipples.” But Ravel tells […]

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Business

By Edward Taylor and Laurence Frost | FRANKFURT/PARIS FRANKFURT/PARIS PSA Group (PEUP.PA) has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors (GM.N), though some analysts say thousands of jobs are eventually likely to go for the deal to work. As part of a broader charm offensive, PSA Chief Executive Carlos Tavares met with representatives of powerful German […]

Biz Tech

Horizon Zero Dawn opens to a protracted introduction of its post-apocalyptic machine-festered world. It’s tedious, as regarded by one reviewer, but it’s essential, because the game’s open world, like all open worlds, is massive. The game is Guerrilla Games’s latest handiwork after Killzone Shadow Fall, the flagship Killzone title released in 2013 for the PlayStation 3. Even before release, it has already garnered acclaim, netting Best Original […]

India Takes

Remember Inauguration Day? A month ago, journalists wondered whether the lessons from the Trump campaign would apply to the Trump administration. Would President Trump lay off Twitter? Would his media-bashing continue? And would he keep shutting down disfavored news organizations? So far, the answer to those questions appears to be No, yes and yes, in that order. But the fledgling Trump presidency has also imparted several important […]

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Biz Tech

Samsung’s standing in the United States plummeted by 42 places, a new reputation poll reveals. Considering how the whole Galaxy Note 7 fiasco — among other things — stirred up the tech world for both consumers and manufacturers alike, it shouldn’t come as much of a surprise that the South Korean brand is taking quite a hit regarding its position in the market. Samsung’s Reputation In The Eyes […]

Investing

Submitted by David Stockman via The Ron Paul Institute for Peace & Prosperity, General Flynn’s tenure in the White House was only slightly longer than that of President-elect William Henry Harrison in 1841.  Actually, with just 24 days in the White House, General Flynn’s tenure fell a tad short of old “Tippecanoe and Tyler Too”.  General Harrison actually lasted 31 days before getting felled by pneumonia. And the circumstances were considerably more benign. It seems that […]

World

MOSCOW Russia’s combative ambassador to the United Nations, Vitaly Churkin, died suddenly in New York on Monday after being taken ill at work, the Russian Foreign Ministry said. The ministry gave no details on the circumstances of his death but offered condolences to his relatives and said the diplomat had died one day before his 65th birthday. It declined to comment on reports that Churkin had been […]

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Middle East

ABU DHABI // Abu Dhabi will increase protected habitats by thousands of square kilometres and rehabilitate dozens of endangered species in a plan to tackle the most pressing environmental issues. By 2020, more than 15 per cent of the emirate’s land and 13 per cent of its water will be legally protected natural reserves. The Environment Agency Abu Dhabi, or Ead, plans to triple rehabilitation and breeding […]

Investing

Submitted by Michael Shedlock via MishTalk.com, I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left. Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea. What does Gates want to do with the money collected? Here’s the answer: Flush it down the toilet. In a Quartz interview, Bill […]

Biz Tech

Newly appointed New South Wales Minister for Finance, Services and Property Victor Dominello has said he plans to bring his data-driven expertise to his new portfolio, rewarding government agencies with an “innovation bonus” if they move away from a silo-ridden approach to IT and service delivery. Speaking at the Gartner 2017 APAC Data & Analytics Summit in Sydney on Monday, Dominello said he had his eye on […]

Middle East

ITP Media Group is hosting the UAE’s first Influencer Marketing Summit this morning at the Grosvenor House Hotel in Dubai Marina, chaired by the BBC broadcaster Andrew Neil. The event will see high profile social media stars such as Joelle Mardinian giving the first keynote speech, while also examining how influencers and brands can work together, and issues of transparency and legislation. (Refresh the page for updates) […]

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Companies

Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]

Companies

19 February 2017 Government of Dubai Media Office – Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum endorsed the Executive Council Resolution No (6) of 2017 pertaining to the implementation phases of mandatory health insurance in Dubai. The Resolution defined the implementation phases for beneficiaries, entities responsible for providing the service and the deadlines for […]

India Takes

President Trump unveiled an alternate universe Thursday in which virtually every problem of his is the creation of the press. In a rambling, angry and contradictory media meltdown, Trump bashed “the failing New York Times,” The Wall Street Journal, CNN and the BBC, among others, following a fleeting announcement of a new nominee for Labor Secretary. It constituted what at minimum is a quadrupling down — or might […]

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Biz Tech

Sci-fi MMORPG Entropia Universe is developing a new feature known as the Battle Simulator, the first prototype of which is being planned to be released on Feb. 28 alongside a version update. Not all details have been revealed by the Entropia Universe development team, but here is what we know so far about the Battle Simulator. Entropia Universe Battle Simulator Official Details In a series of blog posts on the official […]

India Takes

For populists on both sides of the Atlantic, “expert” is now an expletive, a synonym for out-of-touch elitists swindling the common man. This was perhaps most obvious during the Brexit referendum campaign, when the UK Justice Secretary and “Leave” advocate Michael Gove told a stunned interviewer that “the people of this country have had enough of experts … from organizations with acronyms saying that they know what is best.” Polling indicates […]

Middle East

ABU DHABI // Sheikh Mohammed bin Zayed met the US defence secretary, James Mattis, on Saturday in Abu Dhabi. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wished Mr Mattis success and congratulated him on his appointmented, reported Wam, the state news agency. They discussed ways to strengthen cooperation between their countries, particularly in military affairs and defence, as well […]

World

The search for the elusive former abbot of Wat Phra Dhammakaya has shifted to the medical equipment found on the premises of the locked-down temple to find clues to the state of his health. Despite three days of searches of the sprawling Pathum Thani temple, which the authorities have effectively sealed off to control movements in and out, Phra Dhammajayo continues to evade arrest. Of particular interest […]

India Takes

President Donald Trump took his press-bashing to a new level on Friday when he called journalists from The New York Times, ABC, CBS, CNN and NBC “the enemy of the American people.” The FAKE NEWS media (failing @nytimes, @NBCNews, @ABC, @CBS, @CNN) is not my enemy, it is the enemy of the American People! — Donald J. Trump (@realDonaldTrump) February 17, 2017 The comment touched off a […]

Investing

Finnish Prime Minister Sauli Niinistö made it clear to CNBC last week that while Russia’s actions involving Crimea must come to a peaceful resolution, the most important issues facing Europe right now are terrorism and migration. Despite Finland pledging $55 Million Euros to NATO, Niinistö also made it clear that European nations need to ultimately be responsible for their own security. I think that Europeans start to understand […]

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World

By Michelle Price / ReutersHONG KONG — Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory’s government has been rattled by last year’s Panama Papers scandal, which showed that Hong Kong […]

India Takes

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]

Investing

Since Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, […]

World

BEIJING China has told Japan that “negative” moves by Tokyo on major issues are preventing an improvement in bilateral ties, but there are now opportunities to improve China-Japan relations. Chinese Foreign Minister Wang Yi told his Japanese counterpart Fumio Kishida during a meeting in Germany that both countries should make efforts to bring bilateral ties back onto the right track. “There are now both opportunities and challenges […]

What's On

Michigan Republicans are reportedly mulling a Senate run for heartland heartthrob Kid Rock, a country and rock star, who loves to “sit in the backyard sun and drink beer with dad,” according to his autobiographical song, “Drinking Beer With Dad.” Once unthinkable, Kid Rock for Senate is hardly unthinkable now: A professional wrestler has served multiple terms as governor of Minnesota, Christine “I dabbled in witchcraft” O’Donnell […]

Arts & Culture

The borders between tradition and trend locked hands in a merry dance at the opening night of Abu Dhabi’s Barzakh Festival – much like the “two seas that meet but do not mix”, which the event’s name recalls. Over two evenings, The Arts Centre at NYU Abu Dhabi will welcome five acts from three continents, an all-star line-up likely to make any fan of “world music” swoon. […]

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