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Newly re-elected President of the Chamber of Advocates George Hyzler said that lawyers are concerned about the effect that the Panama Papers and other recent allegations, and the negative international coverage resulting from them, will have on the financial services sector in particular. Asked about the effects of such revelations on the financial services sector, and whether lawyers are concerned about this, Dr Hyzler – who […]

Obesity rates have doubled since 1980. More than 600 million people are classified as obese, and 41 million of them are children under the age of 5, according to the World Health Organization. In the UAE, almost 40 per cent of children are obese, prompting some experts to warn of an epidemic. This rise in childhood obesity – and the related diseases it causes that can affect […]

Oman was cut to junk by S&P Global Ratings, which said a drop in crude could hamper exports from the largest Arab oil producer outside OPEC and jeopardize its finances. S&P lowered the Gulf state’s sovereign debt long-term rating to BB+, one level below investment grade, from BBB- and changed the outlook to negative, the New York-based firm said in a statement Friday. “The negative outlook reflects […]

Romero Rodrigues Contributor Romero Rodrigues is a managing partner at Redpoint eVentures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor: Fintech is booming around the world. Global investments in fintech companies have continued to rise during the last two years. After international financing for fintech startups hit $19 billion in new funding rounds at the end of 2015, the volume […]

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. It’s unclear where to start with President Trump’s interview with NBC’s Lester Holt that left the White House second-string spokesperson on a precipice better associated with the Flying Wallendas. “Trump’s account flatly contradicts the White House’s initial account of how […]

ABU DHABI // Young Emirati diplomats will be key to bringing peace and reconciliation to the Middle East, a group of students heard this week. Reconciliation seems difficult amid tensions and turmoil in the Arab world, but Bernardino Leon, president of the Emirates Diplomatic Academy in Abu Dhabi, likened its future to the unification of Europe following the Second World War. “When you think of what’s going […]

Thailand has given social network operator Facebook until next Tuesday to block illegal content from its site, or face charges under the Computer Crime Act. The country, which has strict lese majeste laws, has detained several social media users since last month, after warning netizens against liking and sharing posts by three of the monarchy’s known critics who are all based overseas. Facebook has 42 million users […]

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Dole, the only former Republican presidential nominee who endorsed Trump before the GOP convention last summer, is a savvy Washington insider who most recently attracted notice for his lobbying on behalf of Taiwan. Dole’s efforts led to a stunning call between Trump and Taiwan’s president, angering China. Dole’s retainer for the Taiwan work, which includes direct lobbying, is $25,000 a month, per federal disclosures.  Both Epstein and […]

DUBAI // Speedy service may mean more tips but safety experts are urging motorcycle delivery riders in the city to ride with caution, be patient and wear protective gear. Twenty-six people died in motorbike accidents in 2015 and 2016, according to Dubai’s Roads and Transport Authority. Last year, motorbike riders were involved in 824 traffic offences and 786 bikes were seized. “A rider is not going to […]

Transitioning from college to the workplace can be daunting, but not so for Sara ­Alahbabi, who, with a major in visual arts, opened an art gallery in Abu ­Dhabi earlier this month. Located in The Galleria on Al Maryah Island, Novus Art ­Gallery showcases unique pieces from the likes of French sculptor Richard Orlinski and Italian mixed-media painter Marco ­Angelini. “The gallery houses around 30 pieces,” Alahbabi […]

By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]

The recently published study disproving the generally accepted notion that high-fat dairy products — such as cheese, butter and milk — are harmful to the heart has sparked a heated debate over the health benefits and disadvantages of saturated fat. The research, conducted by the Reading University in Great Britain in collaboration with Copenhagen University in Denmark and Wageningen University in the Netherlands, documents that full-fat dairy […]

At the end of April, Dubai added yet another acquisition to its steadily growing list of attributes. No longer just a city, an emirate, a tourist destination or even home to the world’s tallest building, the city now also has its own official typeface, the Dubai font. The product of a two-year partnership between the Dubai Executive Council, the computer giant Microsoft and Monotype, the owner of […]

MEXICO CITY Mexico’s President Enrique Pena Nieto wrote to Leonardo DiCaprio on Twitter on Thursday in a bid to reassure the Hollywood actor his government was taking steps to protect a rare porpoise in Mexican waters teetering on the brink of extinction. Populations of the vaquita, a tiny snub-nosed porpoise that lives in the Gulf of California, have dropped sharply in recent years because of gillnet fishing […]

The supercapacitor invented by researchers from UCLA and the University of Connecticut could lead to pacemakers and other implantable medical devices that last a lifetime. Credit: Islam Mosa/University of Connecticut and Maher El-Kady/UCLA Researchers from UCLA and the University of Connecticut have designed a new biofriendly energy storage system called a biological supercapacitor, which operates using charged particles, or ions, from fluids in the human body. The […]

The lead actors of Disney and Cameron Mackintosh’s hit musical, “Mary Poppins”, were pictured in their full costume at Burj Khalifa, the world’s tallest tower. Having flown onto the Dubai Opera stage for the first time last week, the international hit musical “Mary Poppins” is currently running on the Dubai Opera stage until May 25. Leading the cast in the role of “Mary Poppins” is Zizi Strallen, […]

More than 1,000 UiTM students attend Umno’s 71st anniversary celebrations at Bukit Jalil National Stadium as part of requirements for their co-curricular module. KUALA LUMPUR: More than 1,000 UiTM students were brought to the Bukit Jalil National Stadium here under a “voluntary patriotism” programme to participate in Umno’s 71st anniversary celebration today. Some of them were excited to be there, as they admitted to FMT, feeling upbeat […]

Authored by Whitney Webb via TheAntiMedia.org, When the U.S. overthrew the Taliban in the wake of 9/11 as part of its newly launched “war on terror,” it set the stage for the explosive growth of Afghanistan’s dying opium industry. A few short months before the invasion took place, the Taliban made headlines for having “dramatically ended the country’s massive opium trade” after the leader of the fundamentalist […]

11 May 2017 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 and the total financing and investments recorded slight increases at the end of March 2017 compared to end of December 2016. Al Baraka Banking Group has continued during the first quarter of 2017, […]

By Amanda Becker | WASHINGTON WASHINGTON President Donald Trump’s dismissal of Federal Bureau of Investigation Director James Comey has raised questions about the future of the agency’s probe into Russian attempts to sway the 2016 presidential election and possible collusion with Trump’s campaign. Democrats are worried Comey’s firing on Tuesday could jeopardize the ongoing FBI probe and have renewed calls for an independent investigation. Some Republicans have […]

An unabashed Donald Trump called for warmer US relations with Russia on Wednesday as his firing of FBI director James Comey sparked pressure from Democrats for an independent probe of his election campaign’s alleged ties to Moscow. Mr Comey’s dismissal shook Washington, igniting the biggest crisis of Mr Trump’s presidency as opponents amplified allegations throughout the day that the president was seeking to frustrate the FBI probe. […]

Senators from both sides of the aisle wrote to President Donald Trump on Wednesday urging him to take a tougher line with Beijing in the South China Sea, calling for more U.S. naval patrols to uphold navigation rights in the disputed waterway. The appeal, backed by three Republicans and four Democrats, reflects growing concern in Congress that the Trump administration could be ceding strategic ground to China […]

By Yashaswini Swamynathan U.S. stocks were slightly lower on Wednesday, dragged down by Walt Disney’s disappointing results, while investors turned cautious after President Donald Trump fired his FBI chief. Disney (DIS.N) fell 2.5 percent and was the top drag on the Dow and the S&P 500 after the media company reported quarterly revenue below analysts’ expectations. Trump said he fired FBI Director James Comey, who had been […]

The Indian government issued an ordinance at the end of last week laying out some new powers for the Reserve Bank of India, powers which are aimed at chipping away at the country’s mammoth and thoroughly discussed bad loan problem. Here’s CreditSights with a brief explanation: In essence, two additional sections ­35AA and 35AB ­ were introduced into the Banking Regulation Act. 35AA will allow the government […]

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