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KUWAIT A prominent Kuwaiti opposition politician and government critic has called for political reforms in the Gulf state in his first public comments since he was freed from prison last week. An outspoken former parliament deputy, Musallam al-Barrak was freed on Friday after serving a two-year prison sentence for insulting the country’s ruler, Sheikh Sabah al-Ahmad al-Sabah. He has in the past argued for broader electoral laws, […]

The Nasdaq Composite breached the 6,000 level for the first time on Tuesday and extended its double -digit gain for the year as investors focus on owning companies with strong growth prospects. The tech-heavy benchmark climbed as much as 0.7 per cent to 6,022 early in the day after closing at a record high in the previous session. Renewed appetite for technology stocks and a rally in […]

25 April 2017 Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the first quarter of 2017 showing a 2.5% rise in revenue to AED 3.17 billion. Net Profit before royalty decreased by 16.7% to AED 851.2 million, compared with Q1 2016 Advertisement (AED Millions) First Quarter Analysis   Q1 2016 Q1 2017 % change Revenue (AEDm) 3,089.6 3,166.4 2.5%        […]

Dubai Aerospace Enterprise (DAE) Ltd has announced the signing of a definitive agreement to acquire 100 percent of the AWAS group of companies, a global leader in aircraft leasing. The deal has been struck with funds managed by Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. Terms of the transaction were not disclosed. AWAS is one of the world’s leading aircraft leasing companies, with […]

Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That might make it a good time to buy into a Saudi bank. And substantial stakes in two of them are up for sale. But in both cases, it’s international lenders who are seeking to get out – and there are no big-name global […]

SANTIAGO A strong 6.7-magnitude earthquake struck off the west coast of Chile, on Monday, near the capital Santiago, the U.S. Geological Survey said. The quake, which Reuters witnesses said shook buildings in the capital, was centred 20 miles (32 km) west of the coastal city of Valparaiso at a depth of 20.5 miles (33 km) below the seabed. The USGS initially assessed the temblor as a magnitude […]

By Brian Ellsworth and Carlos Garcia Rawlins | CARACAS CARACAS Venezuelans erected barricades with garbage and even bathtubs on Monday and snarled traffic with mass “sit-ins” along major thoroughfares to press their demand for early elections as anti-government protests entered a fourth week. Ten people have been killed during near daily clashes this month between security forces armed with rubber bullets and tear gas and protesters sometimes […]

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Microsoft plans to make the first of its promised integrations between Dynamics 365 and LinkedIn available to customers this Summer. On April 24, Microsoft officials said the company will be ready to integrate Dynamics 365 for Sales with LinkedIn’s Sales Navigator as of July 2017. This integration will help users who have both Dynamics 365 Sales and LinkedIn to get contextual recommendations, provide tailored content, as well […]

US paintmaker PPG Industries raised the tempo in a fierce takeover battle with its rival Akzo Nobel by tabling a third bid that it said valued the Dutch company at €26.9bn. PPG on Monday made a new cash-and-stock offer for the owner of the Dulux brand of paints at €96.75 a share — a premium of 50 per cent over Akzo Nobel’s undisturbed stock price before the […]

Browse the International Prize for Arabic Fiction’s website, and you will see that one of its main aims remains unchanged from when it was launched 10 years ago: “To encourage the translation of Arabic literature into other languages.” The subtext here was that Ipaf hoped it might discover an Arabic-language literary star who might be spoken of in the same hallowed terms as, say, Japanese writer Haruki […]

Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s Dax, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who is seen as a 61% to 39% favorite to defeat Le Pen […]

By Ulf Laessing | ERBIL, Iraq ERBIL, Iraq High on a rocky outcrop, just 50 miles from the fighting that is wrecking historic sites across Iraq, workers are busy laying out floor tiles, determined to save at least one ancient structure amidst the turmoil. The team is rebuilding the last remains of the fortified citadel in the Iraqi-Kurdish capital of Erbil, constructed on top of the world’s […]

24 April 2017 Dubai – Commercial Bank International (CBI or ‘The Bank’) today announced its financial results for the first quarter (Q1) 2017. Financial highlights – three-months ended 31 March 2017: ·         Operating Income increased by 9% to AED 203 million versus AED 187 million in Q1 2016. ·         Net profit of AED 21 million. Advertisement ·         Net interest income increased by 10% to AED 126 million […]

Authored by Paul Craig Roberts, “Our problem is civil obedience. Our problem is the numbers of people all over the world who have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience… Our problem is that people are obedient all over the world, in the face of poverty and starvation and stupidity, and […]

PARIS Emmanuel Macron’s camp should perhaps keep the champagne on ice a little longer. The young independent centrist’s qualification on Sunday for the runoff of France’s presidential election in two weeks’ time will certainly bring a sigh of relief in European capitals and financial markets; opinion polls suggest he will beat his far-right rival Marine Le Pen with ease. But to have a real chance of implementing […]

SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing’s modern-day “Silk Road”, the grandiose plan for land and sea routes connecting the world’s second largest economy with the rest of Asia and beyond. Representing investments of hundreds of billions of dollars, the pet project of Chinese President Xi Jinping is seen boosting economic growth at home, and as positive for everything […]

Egyptian President Abdel Fattah al-Sisi received a royal welcome from King Salman as he landed Sunday in Saudi Arabia for a visit to boost ties after months of tension. Salman, surrounded by key Saudi officials, greeted Sisi as he stepped off the plane in the capital Riyadh and hosted him for lunch, the official Saudi Press Agency said. The Egyptian presidency announced the visit in a statement […]

For business people, AI presents a variety of challenges. On a technology level, artificial intelligence and machine learning is complicated to develop and demands rich data sets to produce meaningful results. From a business perspective, many business leaders have difficulty figuring out where to apply AI and even how to start the machine intelligence journey. Making matters worse, the constant drumbeat of AI hype from every technology […]

April 23, 2017 by: Anne-Sylvaine Chassany in Paris Emmanuel Macron will go head-to-head against Marine Le Pen in the run-off election for French president on May 7 after qualifying in Sunday’s first round vote. Mr Macron, an independent centrist, came out on top with 23.7 per cent of the vote ahead of Ms Le Pen, the far-right leader, on 21-22 per cent, according to three estimates for […]

Photo King Salman of Saudi Arabia at the 28th Ordinary Summit of the Arab League at the Dead Sea last month. King Salman rescinded a 20 percent cut to ministers’ salaries and promoted two of his sons. Credit Mohammad Hamed/Reuters BEIRUT, Lebanon — King Salman of Saudi Arabia rescinded salary cuts for ministers and restored financial perks for public sector workers in a series of royal decrees […]

Saudi Arabia and Oman will lead the GCC’s multi-billion dollar investments in cultural tourism, with a series of projects to develop new world-class attractions, according to a new report.  The research, compiled by Colliers International, said Saudi Arabia is ready to invest up to $2 billion – one of the highest commitments of any government to cultural tourism in the region – with a number of projects […]

ZURICH Credit Suisse (CSGN.S) will not decide on how it wants to raise fresh capital until after this week’s annual general meeting, SonntagsZeitung reported on Sunday. The Swiss bank is considering a quick-fire share sale or listing 20 to 30 percent of its Swiss business in order to raise between 3 and 6 billion Swiss francs ($3-$6 billion) in new capital, the Swiss newspaper said, citing sources […]

Bosasso A military vehicle hit a roadside bomb in Somalia’s semi autonomous Puntland region on Sunday, killing at least six soldiers and injuring another eight, a military official told Reuters. The al Qaeda linked Islamist group al Shabaab claimed responsibility for the attack, which happened on the outskirts of the region’s port city of Bosasso. Al Shabaab is fighting to topple the Horn of Africa country’s western […]

When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of populist leaders in Western democracies, ranging from Marine Le Pen to Donald […]

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