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Middle East

The head of Qatar’s sovereign wealth fund has told US officials it will invest $10 billion in infrastructure projects inside the United States, sources said, in an apparent boost to the economic plans of president-elect Donald Trump. Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the Qatar Investment Authority (QIA), delivered the message to officials including Charles Rivkin, US assistant secretary of state for economic […]

World

SYDNEY Investigators looking for missing Malaysia Airlines flight MH370 are making their last sweep of the search area in the Indian Ocean, Australian authorities leading the search said on Wednesday. Flight MH370 disappeared in March 2014 with 239 passengers and crew on board, most of them Chinese, en route to Beijing from the Malaysian capital of Kuala Lumpur. Its whereabouts have become one of the world’s greatest […]

FT Select

December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]

World

Philippine president Rodrigo Duterte has said he personally killed suspected criminals when he was mayor of a southern city in order to set an example for police. Duterte made the comments in a speech late on Monday night to business leaders as he discussed his campaign to eradicate illegal drugs, which has seen police and unknown assailants kill thousands of people since he became president on 30 […]

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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 […]

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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 […]

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 […]

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World

Almost 3,500 individuals and companies in the Panama Papers are probable matches for suspected criminals including terrorists, cybercriminals and cigarette smugglers, according to a document seen by the Guardian. The analysis, which was carried out by Europol, the EU’s law enforcement agency, sheds more light on the breadth of criminal behaviour facilitated by tax havens around the world. “The main point here is that we can link […]

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% […]

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 […]

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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 […]

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 […]

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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) […]

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 […]

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 […]

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AI cheating pushes universities towards assessment overhaul // Alcohol advice tightens after low-dose risk findings // OPEC Fund prepares new euro benchmark // Industry expert Jason Gerlis has been appointed as the Chief Revenue Officer at GoGlobal // RBI swap window sharpens dollar pull // Somali fans rage over referee visa blow // Gulf travellers lift Japan’s tourism surge // Shadow AI widens corporate control gaps // AHS buys landmark Shangri-La Dubai for Dh1.1bn // Dubai speeds up tourist visa approvals // Chinese investors chase SpaceX by proxy // DP World Launches First Global Seagrass Restoration Initiative In South Korea // Golden Bridge Real Estate Unveils Dubai’s Most Compelling Summer Deals at the “Back to Business” Event for The Caden by Prescott // Korean Liquor (K-SUUL), Raises Its First Flag for Globalization on Asia’s Largest Stage // Suez gains as tankers skirt Hormuz // Short video scams widen malware threat // L’IMAD tightens control over TAQA // Dubai first-home scheme widens buyer access // Japan megabanks prepare joint stablecoin launch // India’s Fiscal Shield Comes Into Focus As Hormuz Crisis Darkens Outlook //