ABU DHABI // The UAE participated in a meeting of the Global Coalition to Counter ISIL, held on Thursday at the headquarters of the North Atlantic Treaty Organisation, NATO, in the Belgian capital, Brussels. The UAE delegation was headed by Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and included high-ranking Ministry officials and officers. Important issues discussed during the meeting included security challenges […]
Tinder could be launching a Stories feature, and we’re not talking about a place where users reveal the most bizarre conversations they’ve had on the platform. Instead, there is a really strong possibility that the dating app adds some form of a video feature. Tinder announced on Wednesday it acquired the startup Wheel, the L.A.-based company that has developed a social network app where users share “video […]
Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
Photo The site of a car bomb explosion that killed dozens in Baghdad on Thursday. Credit Ahmad Mousa/Agence France-Presse — Getty Images ERBIL, Iraq — A car bomb exploded in a crowded Shiite Muslim neighborhood in Baghdad late Thursday afternoon, the latest terror attack in the capital claimed by the Islamic State, security officials reported. At least 51 people were killed and at least 58 more wounded […]
2014 While regulators were developing rules for hydraulic fracturing, or fracking, they also appeared at a number of public meetings organized by WSPA to calm public fears about the controversial extraction technique. Before a gathering with farmers, officials with WSPA and the Department of Conservation coordinated their presentations. “My plan for tonight is to give a very brief talk on our views of the safety of fracking,” […]
JEDDAH: The Arab coalition supporting the legitimate government in Yemen has said it’s looking into an alleged incident which took place in Sanaa on Thursday.Brig. Gen. Ahmad Al-Assiri, spokesman for the coalition, told Arab News that a statement has been issued by the coalition announcing the launch of an investigation into the incident in the Yemeni capital today. “We have been made aware of news reports by […]
The owner of the messaging app Snapchat has set its valuation as high as $22.2bn ahead of its initial public offering, less than the company had originally hoped for but still putting it on track to be one of the US’s largest tech flotations. A price range of $14 to $16 a share, revealed in an updated regulatory filing on Thursday, puts Snap’s valuation in a range […]
It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]
In 2017 and beyond, consumers will finally start to benefit from some of the innovations that have been evolving over the past year, from 3D prosthetics to customised insurance packages. Many of these trends will be cemented in our routine lives over the next couple of years. Innovative insurance A new era has dawned on the UAE’s insurance industry since the rollout of the Dubai Health Authority’s […]
New Zealand telecommunications provider Spark has announced its financial results for the first half of FY17, reporting earnings before interest, tax, depreciation, and amortisation (EBITDA) of NZ$471 million, up 3.5 percent. Revenue was up by 4.1 percent, to NZ$1.79 billion, while earnings after tax amounted to NZ$178 million, up 12.7 percent. Capex increased by 3.7 percent for a total of NZ$224 million, and opex was up by […]
The Syrian civil war has left nearly half a million people dead, displaced millions more, and turned its largest city, Aleppo, into an open-air slaughterhouse. The war is destroying antiquity too. For just under a year, from May 2015 to March 2016, the so-called Islamic State held control of the ancient central city of Palmyra, a boomtown that became a Roman colony in the 3rd century A.D. […]
China ended a six-month streak disposing of its US Treasury holdings in December, adding to its position for the first time since last May as the country’s central bank seeks to manage capital flight. The country, which ceded its status as the world’s largest owner of haven Treasuries in October to Japan, added $9.1bn of US sovereign debt to its reserves in the final month of 2016, […]
By Phil Stewart and Robin Emmott | BRUSSELS BRUSSELS U.S. President Donald Trump’s defence secretary warned NATO allies on Wednesday that they must honour military spending pledges to ensure the United States does not “moderate” support for the alliance. Jim Mattis, on his debut trip to Brussels as Pentagon chief, also accused some NATO members of ignoring threats, including from Russia. “America cannot care more for your […]
By Michael Flaherty and Siddharth Cavale Procter & Gamble Co (PG.N), maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. P&G’s shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products behemoth, which is already trying to slim down by selling unprofitable […]
Your daily guide to community and cultural activities across the Emirates for February 16, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini 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 Food trucks Love […]
Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]
For the tattered Rashidiya neighborhood here, the recent battle never ended. It just shifted course along the river. Rashidiya was the last district in eastern Mosul declared liberated in late January, but army officers say Islamic State sleeper cells remain entrenched. Continue reading the main story And those are not the only troubles here. Even as American-backed Iraqi forces prepare an offensive against the Islamic State stronghold […]
By Roberta Rampton and Noah Barkin | WASHINGTON/BERLIN WASHINGTON/BERLIN U.S. Vice President Mike Pence heads to Europe this week to meet with allies seeking clarity on the Trump administration’s foreign policy strategy and its stance towards Russia after the resignation of the top White House national security aide. Pence, who has hewn more closely to Republican orthodoxy than his boss President Donald Trump, will attend the Munich […]
Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]
Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]
National Real Estate Company (NREC), a Kuwait-based developer with projects exceeding $1 billion in Egypt and the UAE, has signed an agreement for a $101.5 million loan. The developer of Abu Dhabi’s upcoming Reem Mall said in a statement that it has signed the five year convertible loan with Agility Investment Holding Limited, a subsidiary of Kuwait-based logistics firm Agility. The loan facility has the option of […]
Harrison Ford has near-miss with passenger liner Harrison Ford has had a close run-in with a passenger airliner at an airport in California in the United States. The actor, 74, was told to land his single-engine plane on a runway at John Wayne Airport in Orange County, Southern California on Monday, but he mistakenly landed it on a parallel taxiway, passing over an American Airlines jet holding. […]
Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]
