The World Health Organization, the public health arm of the United Nations, reported 2,022 suspected cases of cholera and acute watery diarrhea in Yemen from April 27 to this past Sunday, including at least 34 deaths. Continue reading the main story Cholera has long been an underlying risk in Yemen, but it subsided during the cold winter months this year. With the sudden spike of cases, health […]
Authored by Mike Krieger via Liberty Blitzkrieg blog, I’m fairly certain very few of you have heard of broker price opinions, or BPOs, but it’s something I think we should all become aware of given the influence of BPOs in the market for valuing residential real estate securitized bonds. Before we get to that, let’s revisit a little contemporary American robber baron history. In the immediate aftermath of the […]
By Jonathan Stempel | OMAHA, Neb. OMAHA, Neb. It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc, or even its insurance operations, as “very, very small.” But that’s how a senior executive describes biBERK, a unit that lets owners of small businesses shop online for commercial vehicle, general liability, property, workers’ compensation and eventually professional liability insurance. The biBERK chief operating officer, Rakesh […]
A UN forum held in Riyadh last week amounted to a “slap in the face” for Saudis jailed in a country which does not allow independent NGOs, a rights group said Monday. Adam Coogle, Middle East researcher for Human Rights Watch (HRW), was commenting on a two-day UNESCO NGO Forum staged in the Saudi capital. “To host a prestigious NGO event in Saudi Arabia is a slap […]
ABU DHABI // Bollywood spectaculars, live stage shows featuring popular children’s cartoon characters and crowd-pleasing stand-up comedians are all part of the line-up for Abu Dhabi Summer Season 2017. Abu Dhabi Tourism and Culture Authority has teamed up with UAE event organisers to bring international ticketed and free events and activities to multiple venues across the emirate from July 20 to August 20, said Mubarak Hamad Al […]
Members of President Donald Trump’s cabinet have a new catchphrase for how they see the future role of the US: not just “energy-independent”, but “energy-dominant”. As Ryan Zinke, the interior secretary, put it at an industry conference in Houston last week: “Dominance is what America needs.” It would be tempting to dismiss that talk as hype, except that every week the US energy sector is coming up […]
The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]
By Benjamin Weir | SYDNEY SYDNEY Qantas Airways Ltd Chief Executive Alan Joyce proved he was no cream puff on Tuesday, keeping his cool after a man smeared a cream pie in his face during a business breakfast in Australia’s west. Joyce, the head of Australia’s flag carrier, was speaking at the event in Perth, capital of Western Australia state, when a man in a business suit […]
Sign up to receive FirstFT by email here Days after Donald Trump was elected, President Barack Obama warned his successor against hiring former general Michael Flynn as his security adviser. Mr Trump ignored the advice and Mr Flynn resigned after 17 days on the job amid the growing investigation of the Trump team’s ties to Russia. This is just one of the revelations to emerge following a Senate […]
Your daily guide to community and cultural activities across the Emirates for May 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Workshop Get hands-on […]
It was planned as a routine engagement for Martin Schulz — open a new children’s playground, say a few words, sign some autographs and pose for selfies. But the event in a drab suburb of the industrial western town of Hamm was anything but an easy ride for the German Social Democrat leader, who is challenging Chancellor Angela Merkel in September’s parliamentary election. What began as a […]
JAKARTA An Indonesian court is expected to decide on Tuesday whether Jakarta’s Christian governor is guilty of blasphemy against Islam, in a trial that is widely seen as a test of religious tolerance in the world’s largest Muslim-majority nation. The government has been criticised for not doing enough to protect religious minorities but President Joko Widodo, a key ally of Jakarta Governor Basuki Tjahaja Purnama, has urged […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
By Nadoun Coulibaly | OUAGADOUGOU OUAGADOUGOU A trial of Burkina Faso’s former leader Blaise Compaore and his cabinet began on Monday after delays, with the court dismissing calls from the defence to cancel the proceedings. Compaore, who fled during a popular revolt in 2014 as he sought to extend his 27-year-rule of the West African country, is being tried in absentia. The former Western ally currently resides […]
ABU DHABI // Pupils who skip breakfast find it difficult to focus in class, survey findings show. The survey of 130 girls at two private schools in the capital found that those who regularly ate breakfast performed better in class. The findings raised concerns that those avoiding breakfast may have eating disorders that are causing weight loss. Pupils between 15 and 19 years old who had breakfast […]
Dubai: 09th May 2017 Gulf Islamic Investments LLC (GII) successfully completed a Sharia compliant growth capital financing round for Bion Group and further expands its investment portfolio with a foray into the lucrative transportation and logistics industry. Bion Group is ranked #1 heavy haul transportation company by customer base and ranked #4 heavy haul transportation company by trucks fleet size in the UAE and is a well-renowned […]
Warren Buffett said on Monday United Airlines made a “terrible mistake” in handling the fallout of a recent incident when a man was forcibly dragged off a United flight, which drew widespread outrage and sparked Congressional hearings. But the billionaire, whose Berkshire Hathaway Inc (BRKa.N) is the largest investor in the carrier’s parent United Continental Holdings Inc (UAL.N), acknowledged on CNBC television that flying has become less […]
Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn. The transaction is the first big move of an expected consolidation wave in media unleashed by the Federal Communications Commission’s recent decision to effectively loosen a cap on local television station ownership. The rule change has US media companies jostling […]
Just two work days after we reported that Home Capital had already used up half of its C$2 billion emergency “lifeline” credit facility (yielding 22.5%) and was seeking additional emergency funding, on Monday Canada’s most troubled alt-mortgage lender provided a liquidity update in which it said that it had drawn an addition C$400 million on its loan, leaving just C$600 million available. At the same time, the […]
MOGADISHU At least three Somali soldiers on a ordnance-clearing mission were killed on Monday by a roadside bomb just 90 km (60 miles) north of the capital, from where Islamists militants were routed six years ago. Al Qaeda-linked al Shabaab claimed responsibility for the attack at a checkpoint on the outskirts of the town of Shalanbood in the Lower Shabelle region. “We went out of town in […]
08 May 2017 Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organize the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the […]
Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]
Authored by James Holbrooks via TheAntiMedia.org, “It was easy enough to spot my cheerleader: She was the only person shouting in a crowd of quiet, curious, shy supporters. Her visage dug with deep wrinkles, but she was full of energy and smiles. When I saw her, I merged to the right and gave her a high-five. When I did, a group of women started to cheer me, […]
ABU DHABI // Doctors hope that Eman El Aty will be able to sit upright in a chair within two months – the first time she has been able to move out of her bed in 12 years. The Egyptian, who weighed 500 kilograms in February this year, is being treated at VPS Burjeel Hospital after being flown from a hospital in India last week on a […]
