TOKYO Japan’s government is planning legal steps that would allow Emperor Akihito to abdicate and his son to ascend the throne in two years, media reported on Wednesday, potentially setting the stage for the first abdication in two centuries. Japanese Emperor Akihito, 83, hinted in August that he wanted to abdicate, saying he worried that age might make it difficult for him to carry out his duties […]
Tata Group plans to set up a regional office in South Korea and build a datacentre, reports ChosunBiz. India’s biggest conglomerate is likely preparing for the rise of the connected cars industry in Korea, the report said. Tata Teleservices will set up the office within the month and register as a telco business by March, it said. Tata Group, dubbed “India’s Samsung” by the Korean press, has […]
Jan. 10, 2017 DUBAI, United Arab Emirates– (BUSINESS WIRE/ME NewsWire) GMO GlobalSign K.K., a leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, today announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly […]
The Middle East has given McLaren Automotive, the British manufacturer of luxury sports and supercars, good reason to get revved up with sales soaring last year. Its Middle East, Africa and central and South America region grew by an impressive 69 per cent last year, as the company posted another record year of sales growth. From offices in Dubai, McLaren has expanded into Abu Dhabi. “We continue […]
Apple CEO Tim Cook touring a Foxconn facility. While Apple isn’t Foxconn’s only partner, it’s the biggest. (Image: File photo) Key iPhone supplier Foxconn Technology Group has posted its first annual sales decline since it went public in 1991, thanks to slowing sales of the iPhone, according to Nikkei. For full year 2016, Foxconn posted revenues of roughly $136.38 billion, down 2.81 percent from a year ago. […]
Rolls-Royce’s Dubai dealership, AGMC, has overtaken Abu Dhabi to become the brand’s most successful and highest selling dealership in the world during 2016. The region also remained to be the brand’s third largest market despite challenging economic conditions and political uncertainty. Rolls-Royce Motor Cars announced a 6 percent rise in global sales in 2016 compared to 2015, marking the marque’s second highest ever annual sales result and […]
MANILA: A major undersea earthquake with a magnitude of 7.3 struck southeast of the Philippines on Tuesday (Jan 10), the US Geological Survey (USGS) said. The quake was measured by USGS to be at a depth of 613km and no tsunami alert has been issued. However, there have been reports of people in Sabah – including in Sandakan and the city centre – evacuating buildings after strong […]
Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]
Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]
Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]
DAKAR Gambia’s communication minister, Sheriff Bojang, said on Monday he had left his post in the first high-profile Cabinet defection since President Yahya Jammeh refused to accept losing a December election. Opposition leader Adama Barrow won the polls by a thin margin, sparking nationwide celebrations in the riverine nation wedged within its larger and freer neighbour, Senegal. But after initially conceding defeat, Jammeh changed his mind a […]
09 January 2017 Etihad Etisalat (Mobily) announced today that its Board of Directors had approved the appointment of Eng. Ahmed Abdulsalam Abdulrahman as Mobily Chief Executive Officer and the acceptance of the resignation of Mr. Ahmad Farroukh. The Chairman and Board of Directors offered their sincere thanks and appreciation to Mr. Ahmad Farroukh for all his efforts in stabilizing the company and wished him the very best […]
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” So Henry Temple, the third Viscount Palmerston, described British foreign policy in 1848, at the height of its imperial pomp. “England is a power sufficiently strong, sufficiently powerful to steer her own course.” It is more than fanciful to imagine US […]
By Jonathan Landay | WASHINGTON WASHINGTON The risk of conflicts between and within nations will increase over the next five years to levels not seen since the Cold War as global growth slows, the post-World War Two order erodes and anti-globalization fuels nationalism, said a U.S. intelligence report released on Monday. “These trends will converge at an unprecedented pace to make governing and cooperation harder and to […]
South Korea is creating a hit squad with a mission to eliminate Kim Jong Un and his top command in the event of war, as it vows to ramp up its response to the growing threat from the North. The formation of the military unit, originally set for 2019, has been brought forward to this year amid increasing bellicosity from the North, the defence ministry in Seoul […]
YANGON/KUALA LUMPUR Myanmar said on Monday it had sent out safety instructions to its workers in Malaysia after attackers hacked five of them to death with swords, weeks after it barred workers from going there, partly because of security fears. Tension between the Southeast Asian neighbours has risen in recent months over the fate of Myanmar’s stateless Rohingya Muslim minority, with Malaysia accusing Myanmar of genocide over […]
By Marius Zaharia and Fathin Ungku | SINGAPORE SINGAPORE Singapore’s defence minister said on Monday that the nine armoured vehicles seized in Hong Kong could not be detained or confiscated but that he welcomed Hong Kong’s pledge that the dispute would be handled in line with its laws. Hong Kong customs seized the troop carriers in November as they were being shipped from Taiwan to Singapore after […]
BEIJING Chinese police shot dead three “violent terror” suspects in the western Xinjiang region, the government said on Monday, the latest clash with Islamist militants who the government says want to break the region away from China. The government says separatists in Xinjiang, home to the Muslim Uighur minority, aim to form their own state called East Turkestan, and have links with militants abroad, including in Asia […]
Entrepreneurs in the country are using some old-fashioned handiwork to help create products for mass production at a fraction of the today’s costs. Whether this will be a manufacturing revolution or evolution, 3D printing is here to stay. For a man working at the frontier of a technological revolution, there is a surprising amount of handicraft to Ahmad Mackieh’s approach to 3-D printing that shows in the […]
After one of the most tumultuous years in its modern history, Turkey is struggling to convince global investors to look beyond economic weakness and political risk. Fund houses willing to bet on countries such as South Africa, where a corruption scandal is consuming the ruling ANC party, and Brazil, where President Michel Temer is battling to save his administration from corruption investigations, say the headwinds facing Turkey […]
Monday 2.15am GMT Overview Asian stocks were on the rise, buoyed by record highs for Wall Street on Friday and a broadly encouraging US employment report. Hot topic Investors were keeping a cautious eye on China’s currency market, although the renminbi has softened since Friday and last week’s burst of strength. The renminbi was 0.1 per cent weaker at Rmb6.9325 per dollar, as the People’s Bank of […]
Image: ZDNet Anniversaries are opportunities to reflect on what has come before, and to imagine what may transpire in the future. For some, an anniversary is a time for reconfirmation and reaffirmation of beliefs; for others, it is an opportunity to acknowledge the past and to move on. This weekend, industry analysts and volume buyers are returning from CES in Las Vegas, having just seen the multitude […]
A UAE-based humanitarian and charitable foundation will pay off the debts of over 300 patients. The Sultan bin Khalifa Al Nahyan Humanitarian and Scientific Foundation announcement follows UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan declaration of 2017 as the “Year of Giving”, state news agency, WAM, reported. “The foundation helps patients suffering from thalassemia, supports specialised medical institutions and provides humanitarian and charitable services […]
Malaysian officials are tapping Qatar for inward investment, particularly to develop the Southeast Asian country’s $15 billion tourism industry, according to a media report. Ahmad Jazri Mohamed Johar, the Malaysian ambassador to Qatar, told Gulf Times that there is high demand to visit Malaysia among Qataris. Malaysia is considered a family-friendly holiday destination, and an established honeymoon haunt, Johar reportedly told the newspaper. “On this basis, we […]
