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World

By Patricia Zengerle | WASHINGTON WASHINGTON U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans about his ties to Russia. If Tillerson can overcome the skepticism of Republicans, […]

Companies

13 December 2016 Dubai, United Arab Emirates – DAMAC Properties today announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November 2016, bringing the total value of contracts awarded so far in 2016 to AED 6.51 billion for projects in Dubai and the UK. The awarded contracts are for the provision of services related […]

World

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump named the head of Exxon Mobil Corp (XOM.N), Rex Tillerson, as his choice for U.S. secretary of state on Tuesday and won backing from some Republican foreign policy figures ahead of a possible Senate fight over the oilman’s ties to Russia. The Exxon CEO potentially faces difficulties getting confirmed in the Republican-controlled Senate. Some lawmakers worry about his […]

World

By Dustin Volz | WASHINGTON WASHINGTON More than 100 employees of technology companies including Alphabet Inc’s (GOOGL.O) Google, Twitter Inc (TWTR.N) and Salesforce pledged on Tuesday to not help U.S. President-elect Donald Trump’s administration build a data registry to track people based on their religion or assist in mass deportations. Drawing comparisons to the Holocaust and the internment of Japanese Americans during World War II, the employees […]

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TAP Research

In this July 20, 2015 file photo, a pedestrian crosses in front of a vehicle as part of a demonstration at Mcity on its opening day on the University of Michigan campus in Ann Arbor, Mich. Cars that wirelessly talk to each other are finally ready for the road, creating the potential to dramatically reduce traffic deaths, improve the safety of self-driving cars and someday maybe even […]

Investing

Just hours before the November 30 Vienna OPEC meeting, whose outcome sent the price of oil soaring, Gartman had a recommendation: “we are short of crude oil from yesterday; we’ll have stops on those positions on a closing basis this afternoon here in the States, with the intention of adding to those short positions once the OPEC meeting is behind us.” Oops: following the same day’s 6% […]

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FT Select

The top Republican in the US Senate has backed an investigation into allegations that the Kremlin engaged in a hacking campaign to influence November’s presidential election. It is the most serious break yet between President-elect Donald Trump and his party’s traditional leaders in Washington. Mitch McConnell, the Senate majority leader, said that Congress would probe the allegations following the disclosure of a Central Intelligence Agency report which […]

World

By Patricia Zengerle | WASHINGTON WASHINGTON President Barack Obama’s administration has decided to include a massive report on the CIA’s use of waterboarding and other “enhanced interrogation techniques” in his presidential papers, meaning it may eventually be declassified. The White House wrote to Senators Richard Burr and Dianne Feinstein, the Republican chairman and ranking Democrat on the Senate Intelligence Committee, on Dec. 9 informing them of its […]

World

MIAMI – The government of Panama, anxious to show the financial world that it is engaged in meaningful reform, has announced that it is adopting the recommendations of the controversial independent committee that was hastily formed as a counter to the national reputational damage inflicted by the Panama Papers documents leak. However, the two non-Panamanian members of the committee resigned, charging that the project was flawed from […]

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Biz Tech

For the last 28 years, I have written a prediction column for the new year. I study our research and look for trends that provide hints of what might impact the tech industry in the near future. In 2017, be on the lookout for augmented reality products (more so than VR), the further development of autonomous vehicles and smart cities, and the impact of the […]

Companies

12 December 2016 Ras Al Khaimah, United Arab Emirates–(ME NewsWire)– Julphar Gulf Pharmaceutical Industries launched the antibiotic Voxin during a launch event, which was held at the Raffles Hotel, Dubai on November 25th 2016. “Voxin (Levofloxacin) is a fluoroquinolone antibiotic that is indicated for the treatment of lower respiratory tract infections and sinusitis in adult patients,” said Dr Hosam Badr, Director of Marketing at Julphar. “Voxin (Levofloxacin) […]

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Companies

11 December 2016 Dubai-UAE – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a special gala dinner at the Ritz Carlton in Dubai International Financial Center (DIFC). Attended by guest […]

Newsbox

It was a wild second half, made even wilder as the Eagles resorted to sideline tryouts for a new longsnapper after a series of injuries. Brent Celek, a tight end, was sent out for one attempt but his snap was fumbled by Donnie Jones resulting in a turnover on downs that Washington converted into a touchdown. Trey Burton, also a tight end, then got a shot and […]

World

ISLAMABAD: Though the Supreme Court’s (SC) timely intervention helped avert a serious political crisis in early November, it is helpless to resolve such a complex riddle of Panama Papers without proper investigation of some vague claims by both the sides by a professional anti-corruption body. Both sides want the apex court to pen down a verdict at the earliest without realising the fact that before passing a […]

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Investing

As Democrats continue to spin the fake news narrative, because it’s simply impossible that Hillary (the candidate who lost both Wisconsin and Michigan to a Socialist in the Democratic primary) lost fair and square, Former US Ambassador to Russia, Michael McFaul, penned an op-ed in the Washington Post yesterday that suggested registering RT and Sputnik as “foreign agents,” claiming that they “campaigned openly for one candidate, Donald […]

India Takes

Rick Telander admits he has an addiction. “I read three to four hours each day,” Telander said. “Sometimes as much as eight hours. I can’t stop myself. I am addicted to the English language.” Naturally, Telander jumped at the opportunity to be the editor of “The Best American Sports Writing: 2016.” The annual anthology, overseen by series editor Glenn Stout, should be a must-read for every sports […]

Markets

Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]

World

By Angus McDowall | BEIRUT BEIRUT When President Bashar al-Assad turns from the wreckage of Aleppo to assert his authority across a fractured Syria, it will be as a figure who is virtually unassailable by rebels, but still faces great challenges in restoring the power of his state. The expected fall of Aleppo would mean rebels have almost no chance of ousting Assad, but their revolt has […]

Investing

It’s happening. After careful analysis of all the media punditry and the ‘leaks’ coming out from the CIA, I can only conclude that there is a concerted effort taking place to invalidate the U.S. elections, in an effort to unseat Donald Trump. Last night the Washington Post reported a leak from inside the CIA, saying they had a report that showed evidence that Russia hacked the elections […]

World

PTI BOGOR (INDONESIA)President Joko Widodo Saturday said Indonesia and India must cooperate closely in the key areas defence, security and counter-terrorism as no country is immune to a terror attack and also sought stepping up of bilateral trade ties.“I am very much looking forward to have discussions with Prime Minister Modi,” Widodo told PTI in an interview ahead of his state visit to India, beginning Monday.Widodo said […]

Companies

10 December 2016 Dubai, United Arab Emirates: The Dubai Health Authority’s Health Funding Department, has introduced eAuthorization for insurance claims, said a top health official. From January 2017, the health sector will move to an electronic authorization process for insurance claims. The move means that beginning next year insurance claims that need approval will be processed online in real time, making the process quicker and more convenient […]

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Arts & Culture

British actor Bill Nighy walked the red carpet at the Dubai International Film Festival on Friday night at a gala screening of his latest movie, the Second World War drama Their Finest. But with the fifth film of the Underworld franchise still in local cinemas, and given that he played Vampire elder Viktor earlier in the series, it seems his mind was at least partly on all […]

Newsbox

Photo The Louisville quarterback Lamar Jackson against Kentucky on Nov. 26. He became the first Heisman Trophy winner in school history on Saturday. Credit Andy Lyons/Getty Images Lamar Jackson, Louisville’s sensational sophomore quarterback, became the youngest player to win the Heisman Trophy and the first winner in program history in a landslide vote on Saturday. Jackson, from Pompano Beach, Fla., received 2,144 total votes and 526 first […]

Companies

10 December 2016 Dubai, United Arab Emirates: The Dubai Health Authority has launched a medical complaints portal, said a top health official. The move from manual to an electronic complaints system will further enhance efficiency and is applicable for patients within the country and medical tourists. Dr Layla Al Marzouqi, Director of Health Regulation and Dubai Medical Tourism Project at the DHA, said: “We already have a […]

Biz Tech

It was previously reported that Samsung could be releasing an update that will permanently disable the remaining units of the recalled Galaxy Note 7 that are still out in the wild on Dec. 15. Samsung has confirmed that such an update is on its way to stubborn users in the United States who are still holding on to the device despite the risk of its battery exploding and […]

World

By Lamin Jahateh | BANJUL BANJUL Gambia’s President-elect Adama Barrow said on Saturday the country’s outgoing leader Yahya Jammeh had no authority to reject the results of Dec.1. polls, while the United Nations and African Union piled pressure on Jammeh to step aside. Long-ruling Jammeh on Friday called for another election in the tiny West African country after narrowly losing to opposition leader Adama Barrow, jeopardising what […]

Markets

For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]

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