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Israel Says 2 Citizens Are Being Held in Gaza
The mother of Avraham Mengistu, who is said to be held in Gaza by Hamas, before a news conference in Ashkelon, Israel, on Thursday. By ISABEL KERSHNER July 9, 2015 JERUSALEM — Two Israeli civilians are being held by Hamas in Gaza, one of them a man who walked into the Palestinian coastal territory in September, the Israeli authorities said on Thursday. Lifting a 10-month news blackout on the [...]Gold at $800 by 2016?
|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”.So what?Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and inaugurated the […]
UAE rulers offered secrets to long and healthy life at Ramadan majlis
ABU DHABI // The New York Times bestselling author Dan Buettner’s secrets to a long and healthy life transfixed the audience, which included members of the Royal Family, at the fifth Sheikh Mohammed bin Zayed Ramadan Majlis on Wednesday night.Buettner provided some surprising revelations in his tips on how to live a grand life to the age of 100 in his talk Blue Zones: Secrets of a [...]Privacy Group Asks FTC To Push Google on U.S. 'Right To Be Forgotten'
Privacy Group Asks FTC To Push Google on U.S. 'Right To Be Forgotten'The failure of Google to offer users in the U.S. the same "right to be forgotten" protection available in Europe violates U.S. law on unfair and deceptive trade practices, according to the advocacy group Consumer Watchdog. The organization on Tuesday submitted a complaint to the Federal Trade Commission (FTC) asking the agency to "investigate and [...]A Greek Tragedy
INTERNATIONAL. This is now officially a Greek tragedy. In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down. The vote clearly was not help by the fact that the actual vote: Yes or No [...]Regulatory requirements top challenge for 79% of financial services institutions
UAE. 85 percent of financial institutions from around the world reported that their boards of directors currently devote more time to oversight of risk than they did two years ago, while 79 percent felt that increasing regulatory requirements and expectations were their greatest challenge, according to the ninth edition of Deloitte’s Global risk management survey. In addition, the most common board responsibilities are approving the enterprise-level statement [...]Advertisements
BCG outlines critical actions that E&P companies in the GCC must take to survive
UAE. A new report by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, delves into the challenges faced by Exploration & Production (E&P) companies here in the GCC region. The fact is, these are trying times for E&P companies globally. Following more than a decade of strong financial returns, the industry has experienced several difficult years caused [...]Trying to Placate All, Iran Leader Zigs and Zags on Nuclear Talks
TEHRAN — Persian carpets were rolled out in the Beit-e Rahbar, the downtown Tehran offices of Iran’s supreme leader, Ayatollah Ali Khamenei, on Tuesday, a sign that important guests were on their way. One by one, members of Iran’s establishment, politicians, clerics and commanders filed in, many exchanging the perfunctory greetings of committed rivals. They sat cross-legged and waited anxiously, knowing a crucial week of nuclear negotiations [...]Parents concerned by move to close school canteens in Abu Dhabi during Ramadan
ABU DHABI // Parents have expressed their concern at a decision to close school cafeterias during Ramadan.They say that an equal number of children are not fasting because they are not Muslim or are too young.The Abu Dhabi Education Council, which issued the ruling, said it “does not have a particular policy regarding serving food for students during the holy month of Ramadan, however schools have already [...]Fujairah market shop owners left destitute a month after fire
FUJAIRAH // A month on from the fire that tore through the Friday Market in Masafi, shop owners are still waiting for promised financial relief and Government support. Some of those who lost their shops can no longer pay for their children’s schooling while others do not have a home or food to eat. Sayd Abdalmajed, a 35-year-old Bangladeshi trader, lost four vegetable shops and one pottery [...]Gold recovers as Greece deal fails
Gold edged higher on Friday, recovering from its lowest in more than two weeks as Greece failed to reach an agreement with its international creditors, although gains were capped by expectations of a U.S. interest rate hike. Asian equities fell as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted as the [...]Iran Again Chided on Human Rights Amid Efforts to Reach Nuclear Deal
WASHINGTON — The State Department issued a dismal assessment of Iran’s record on human rights on Thursday, saying that the Iranian authorities had stifled dissent and engaged in “unlawful killings.” The assessment, part of a broad overview of human rights practices around the world, was published one day before Secretary of State John Kerry is to leave for Vienna to try to conclude a nuclear accord with [...]Stress is the main health concern for Middle East employers
UAE. The latest Towers Watson survey on Health Benefits reveals that employers are investing more in the health of their employees as many Gulf Co-operation Council (GCC) countries have implemented new legislation and amendments to laws that deal with mandates for employee healthcare coverage. These changes are already in effect or will come into effect in phases over the next few years and will implicitly impact employers. [...]Bombers target UAE aid convoy in Somalia
ABU DHABI // At least nine people were killed on Wednesday when a suicide car-bomber targeted a UAE aid convoy on a busy street in Mogadishu in Somalia.Most of the dead were Somali civilians caught in the blast and others were thought to be soldiers guarding the convoy. No UAE personnel were among the victims.At least six people were injured in the attack. They are expected to [...]U.N. Report on Gaza Finds Evidence of War Crimes by Israel and by Palestinian Militants
JERUSALEM — A United Nations investigation found “serious violations of international humanitarian law” that “may amount to war crimes” by both Israel and Palestinian militants in the Gaza Strip during their bloody battle last summer, according to a report released on Monday in Geneva.The report, written by a two-member independent commission of inquiry and submitted to the United Nations Human Rights Council, said that “impunity prevails across […]
My Ramadan: An expat fasts for understanding
ABU DHABI // In her first Ramadan in the UAE, trainer and triathlete Roisin Thomas has pledged to fast Ramadan both to challenge herself, to become a better athletic professional and to empathise with others.“Living here I see the workers on the streets and the carwash boys that go through hours of sweating, so I can really empathise with them,” said Ms Thomas. “I want to experience [...]WikiLeaks Dumps More Sony Docs, Include Secret Apple Deal
A second cache of 276,394 documents stolen from Sony Pictures Entertainment -- possibly by hackers in North Korea -- was posted online Thursday by the not-for-profit media organization WikiLeaks. Posted on the third anniversary of WikiLeaks' founder Julian Assange's asylum in the Ecuadorian embassy in London, the latest Sony documents include confidential memos from executives on coming films, notes on IT strategies, financial forecasts and movie marketing [...]Karzai, Vowing That He’s Done, Discusses His Afghanistan Legacy
VATICAN CITY — Pope Francis on Thursday called for a radical transformation of politics, economics and individual lifestyles to confront environmental degradation and climate change, as his much-awaited papal encyclical blended a biting critique of consumerism and irresponsible development with a plea for swift and unified global action. The vision that Francis outlined in the 184-page encyclical is sweeping in ambition and scope: He described a relentless [...]Private wealth in the UAE will see the strongest growth in the GCC with a projected CAGR of 10.7% over the next five years, BCG study finds
UAE. Private wealth in the United Arab Emirates (UAE) showed solid growth in 2014 (8.4 percent), according to a new report by The Boston Consulting Group (BCG), Global Wealth 2015: Winning the Growth Game, being released today. In the UAE, the growth of private wealth was driven mainly by equities. After all, between 2013 and 2014, the amount of wealth held in equities rose by 13.8 percent [...]Big Gaming Guns Come Out at E3
The theme so far this week at the three-day Electronic Entertainment Expo at the Los Angeles Convention Center has been video-gaming, with Sony claiming the keynote address slot. Here are nine announcements from the conference so far: New "Doom" on the WayBethesda got E3 under way by showing off the latest installments of first-person shooter "Doom" and post-apocalyptic role-playing saga "Fallout 4." The latter game will be [...]Egyptian Court Confirms Death Sentence for Ousted President Morsi
Video | Morsi Death Sentence Confirmed by Judge A judge in Egypt announced the confirmation of last month’s sentence of Mohamed Morsi, Egypt’s first democratically elected president and a member of the Muslim Brotherhood. By DAVID D. KIRKPATRICK June 16, 2015 CAIRO — An Egyptian judge slammed the rule of the deposed president Mohamed Morsi as “a black night that lasted a whole year” and confirmed a death sentence against [...]Shetty’s NMC buys ProVita for $160m
|By TAP Staff| LSE-listed leading UAE healthcare player NMC Health announced entering into an agreement to acquire ProVita International Medical Center, provider of long-term medical care in the UAE, for an equity consideration of $160.6 million. The payment will be made in cash, from TVM Capital Healthcare Partners, the Olayan Group, Al Zarooni Emirates Investment and other minority shareholders, the company said. ProVita is a pioneer in [...]UK politicians back motion to return QE2 from Dubai
ABU DHABI // Thirty-six members of the British parliament have signed a motion calling for the Queen Elizabeth II ocean liner to be returned to Scotland from its Dubai berth.The early day motion, a measure to call for a formal debate in parliament, has been predominantly backed by members of the Scottish National Party (SNP).After expressing “grave concern” at the condition of the vessel, the members are [...]
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