CAIRO Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area including the cities of Cairo, Giza and Qalyubia, is home to some 22.8 million people and will gain another half a million in 2017, a Euromonitor […]
Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence. Both Riyadh and Beijing are currying favour with the strategically located 820km-long chain of Indian Ocean atolls, in efforts analysts believe […]
Paris Fashion Week’s fall/winter season has drawn to a close in the French fashion capital. Rebecca McLaughlin-Duane wraps up the big shows of the final days. Vivienne Westwood Giving her stamp of approval to a collection designed by her creative partner — and husband — Andreas Kronthaler, Dame Vivienne Westwood walked the runway in her brand’s show in Paris. The 75-year-old strode out firstly in an oversized […]
European leaders are preparing for Britain to begin Brexit imminently, amid signs that Theresa May could activate Article 50 divorce proceedings as early as Tuesday. During a summit of the remaining 27 EU members in Brussels on Friday, leaders were told to expect London to trigger exit talks next week and to prepare for a Brussels gathering on April 6 to respond to Britain’s formal letter of […]
The Trump administration on Friday asked all remaining US attorneys appointed by Barack Obama to tender their resignations, including Preet Bharara, the top prosecutor in Manhattan. Dana Boente, acting deputy attorney-general, phoned the 46 US attorneys appointed by the previous administration and asked them to step down. The order from attorney-general Jeff Sessions came as a surprise to many in the Department of Justice. In November Mr […]
Hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers. The HFRI Women index has returned 4.4 per cent over the past five years, compared with a 4.2 per cent return for the HFRI Fund Weighted Composite index, a broader gauge of hedge funds across all […]
Video Deadly Explosion in Damascus A double suicide bombing in Damascus killed dozens of people and injured others on Saturday. By REUTERS. Photo by Louai Beshara/Agence France-Presse — Getty Images. Watch in Times Video » BEIRUT, Lebanon — A double bombing near Shiite shrines often visited by foreign pilgrims in Damascus, Syria, killed at least 40 people on Saturday, shattering the capital’s efforts to isolate itself from […]
While CNBC and the financial media continue to rave about stocks being near their all-time highs, beneath the surface of the market we are seeing signs of big trouble. Consider the following… As Michael Batnick noted last week, the S&P 500 as a whole is just 1.6% off its all time highs, but the average stock is down 9.6% from its 52-week high. Put another way, while […]
By Kawa Omar | MOSUL, Iraq MOSUL, Iraq After two and a half years under Islamic State control, all that is left in Mosul’s museum are the traces of looting and destruction. Inside the rubble-strewn building, where militants filmed themselves destroying ancient artifacts, the large stone wing of a statue of lamassu — an Assyrian winged bull deity — lies on the dusty floor among other broken […]
Indian Prime Minister Narendra Modi has led his Bharatiya Janata Party to a landslide victory in state elections in the bellwether state of Uttar Pradesh, an affirmation of his enduring popularity midway through his term. The Hindu nationalist BJP won 324 of 403 state assembly seats in India’s most populous state, a magnitude of victory not seen in state polls there since 1980. The decisive mandate in a […]
Raising more money on Kickstarter isn’t the only goal.Image: WDnet Studio/stocksnap By Emma Hinchliffe2017-03-11 16:19:51 UTC Every Kickstarter project wants to meet its fundraising goal. But a new study suggests that raising a ton of money doesn’t predict how much success a crowdfunding project will ultimately find. Researchers at North Carolina State University found that the number of people who supported a project on Kickstarter — rather […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]
SANA, Yemen — An airstrike by a military coalition led by Saudi Arabia on an open market in western Yemen killed at least 16 people, United Nations and local officials said Saturday. The attack late Friday hit a market selling khat, a mild stimulant common in Yemen, setting off a fire and leaving the dead and wounded scattered in the wreckage. هذة المجزرة ارتكبها اليوم #ال_سعود في […]
BEIRUT Syrian rebel groups called for the postponement of Russian-backed peace talks in Kazakhstan this month and said further meetings would depend on whether the government and its allies adhered to a newly declared March 7-20 ceasefire. The third round of talks is due to take place in Astana on March 14-15. The previous meetings aimed to shore up a widely violated ceasefire between the sides that […]
Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
The tier gives limited access to 15 services. (Image: Google) Stressing its fundamental commitment to openness, Google on Friday announced that it’s adding a free tier to the Google Cloud Platform (GCP). The tier gives limited access to 15 services, including Google Compute Engine (1 f1-micro instance per month in US regions and 30GB-months HDD), Google Cloud Storage (5GB a month), Google Pub/Sub (10GB of messages a […]
HODEIDAH At least 22 civilians were killed on Friday and dozens wounded when a Saudi-led coalition air strike hit a market in western Yemen causing a fire to break out, a local official said. Missiles launched by fighter jets of the Arab alliance hit a market selling the mild narcotic leaf qat, which is popular among Yemenis, near the Red Sea fishing town of Khoukha. Rescue workers […]
By Joel Schectman and Mark Hosenball | WASHINGTON WASHINGTON U.S. Attorney General Jeff Sessions abruptly asked the remaining 46 chief federal prosecutors left over from the Obama administration to resign on Friday, including Manhattan U.S. Attorney Preet Bharara, who had been asked to stay on in November by then President-elect Donald Trump. Although U.S. attorneys are political appointees, and the request from Trump’s Justice Department is part […]
Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald Trump, the S&P 500’s bank index .SPXBK has outpaced the wider market’s gain by roughly 3-to-1. Now, however, a changing dynamic in the bond market […]
Dubai, UAE, 9 March 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with “Best Sukuk House” at the EMEA Finance Middle East Banking Awards 2016. The ninth edition of the EMEA Finance Middle East Banking Awards took place at the Conrad Hotel in Dubai recently, and celebrated the regional banking industry’s top achievers. Dubai Islamic Bank is an international leader […]
Your daily guide to community and cultural activities across the Emirates for March 11, 2017, including performances, festivals, art exhibitions, film creenings, 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 Sporting event Attend […]
By Toni Clarke | WASHINGTON WASHINGTON U.S. President Donald Trump has chosen Dr. Scott Gottlieb, a conservative health policy expert with deep ties to the pharmaceutical industry, to lead the U.S. Food and Drug Administration, a White House official said on Friday. If confirmed by the Senate, Gottlieb would be in charge of implementing Trump’s plan to dramatically cut regulations governing food, drugs, cosmetics, dietary supplements and […]
A Chinese property developer constructing a huge housing project in southern Malaysia has become the latest corporate victim of Beijing’s crackdown on capital flight. Country Garden has closed showrooms in mainland China for its flagship $100bn Forest City development in response to measures by Chinese regulators that have made it harder for individuals to move money out of the country. A slowing Chinese economy, rising US interest rates […]
