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Gen Odierno said that British defence cuts are already jeopardising US-UK joint operations Photo: AP Ever since the Cold War ended more than two decades ago, America has never entertained any serious doubts about Britain’s ability to fulfil its commitment as a vital military ally when tackling threats to the Western alliance. Until now. For the dramatic cuts to Britain’s defence budget implemented since the Coalition took power […]

Saudi Arabia’s ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an interest rate of 4 percent is being provided by Abu Dhabi’s First Gulf Bank and two Saudi banks, National Commercial Bank and Samba Financial Group, he told reporters on the sidelines […]

By Edward Taylor and Jan Schwartz GENEVA Sun Mar 1, 2015 11:43pm IST Customers gather for the opening of an Apple Store in Hangzhou, Zhejiang province, January 24, 2015. Credit: Reuters/Stringer/Files GENEVA (Reuters) – The main talking point at this week’s Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world’s automakers will gather in the Swiss city […]

  DUBAI, 2 days ago STME, a leading IT solutions provider, has upgraded the infrastructure and software requirements of Dubai-based wasl properties, a UAE semi-government property development entity, by adopting an efficient storage reclamation approach. “We understand that organisations today are struggling to accommodate growing volumes of data on a limited, if not declining, budget,” said Ayman Al Bayaa, CEO of STME. “However, by using a more […]

Video | Hollande Discusses Kidnapping in Yemen President François Hollande of France confirmed that a Frenchwoman had been kidnapped in the Yemeni capital, Sana. By ALISSA J. RUBIN February 24, 2015 PARIS — A Frenchwoman who works for the World Bank was kidnapped on Tuesday in front of a ministry office in Sana, the Yemeni capital, according to security officials there and President François Hollande of France, who took the […]

Ooredoo to showcase next-gen smart solutions DOHA, 5 hours, 28 minutes ago Ooredoo is set to showcase a range of ‘smart’ technologies at this year’s GSMA Mobile World Congress, as the company continues to develop new life-enhancing services to serve customers across its footprint. The theme of this year’s congress, which will run from March 2 to 5 in Barcelona, Spain, is ‘The Edge of Innovation,’ and […]

Egypt … struggling to cope with energy demandfrom a population of 85 million Egypt aims to halt gas imports in 2020 – minister CAIRO, 11 hours, 19 minutes ago Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world’s most populous nation is struggling to cope with […]

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Video | Israel Remembers Jewish Paris Victims The Israeli president, the prime minister and the wife of one of the four Jewish victims in a Paris kosher market attack spoke at the burial ceremony for the slain men in Jerusalem. By JODI RUDOREN January 13, 2015 JERUSALEM — They were buried Tuesday not in the land where they had made their homes but in what was described as their […]

|By Florence Tan and Henning Gloystein|Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia. Oil prices have slumped below $50 a barrel, the weakest since 2009, triggering a price war between producers to secure customers in Asia. And the […]

Foreign spend in Egypt to hit $2bn in Q2 CAIRO, 23 hours, 2 minutes ago Foreign investment in Egypt will reach about $2 billion in the second quarter of the fiscal year, up from $1.8 billion dollars in the previous quarter, investment minister Ashraf Salman told Reuters in an interview on Sunday. Egypt is also preparing a new unified investment law that will be sent to President […]

Kalban … expansion plans. Dubai Investments plans $108m acquisitions DUBAI, 1 days ago Dubai Investments (DI), a leading investment company listed on the Dubai Financial Market, has announced expansion plans across its diversified portfolio, which include two new acquisitions worth Dh400 million ($108 million). The new acquisitions in the financial and real estate sectors, to be finalised soon, are expected to reinforce Dubai Investments’ robust growth across […]

When it comes to wearables, the headlines often seem dominated by smart watches and fitness-tracking bracelets. However, as the Consumer Electronics Show wraps up in Las Vegas on Friday one thing is clear — there’s a lot more to wearables than just bangles and timepieces. Among the wearable Innovation Award winners at this year’s CES were a heart-rate-monitoring strip that sticks to a user’s torso; a sensor-embedded […]

By Irene Klotz CAPE CANAVERAL, Fla Sun Jan 11, 2015 8:41am IST The unmanned Falcon 9 rocket launched by SpaceX on a cargo resupply service mission to the International Space Station lifts off from the Cape Canaveral Air Force Station in Cape Canaveral, Florida, January 10, 2015. Credit: Reuters/Scott Audette CAPE CANAVERAL, Fla (Reuters) – An unmanned SpaceX rocket blasted off on Saturday to deliver a cargo […]

|By James G. Neuger |The bodies haven’t been buried and the killers are on the loose, but that didn’t prevent anti-Islam politicians across Europe from seizing on the Jan. 7 massacre in Paris. The rhetoric varied in intensity across the European Union’s 28 countries, each with its own religious and social phobias, many gripped by an economic recession that makes convenient scapegoats out of immigrants — especially […]

Camp Taji Journal American military personnel, recently deployed to Iraq, found remnants of the previous United States military presence, mostly untouched since their comrades left Camp Taji three years earlier. By TIM ARANGO January 6, 2015 CAMP TAJI, Iraq — The calendar on the wall reads November 2011. On the ground is a half-filled tin of Copenhagen smokeless tobacco. Scattered here and there are bottles of Gatorade, cans of […]

INTERNATIONA. Oil fell in 2014 by the most since the 2008 global financial crisis as U.S. producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut. The U.S. benchmark ended at a five-year low yesterday, capping a 46 percent drop in 2014, as stockpiles of crude oil and gasoline reached seasonal record highs and as OPEC […]

Briggs & Stratton just revealed a breakthrough in snowblower technology with the release of the the innovative SnowShredder. Unlike your normal snowblower blade that blasts away light, fluffy snow but chokes when you hit the tough stuff, the SnowShredder is a serrated auger that quickly powers through tough ice and heavy-compacted snow. This technology will be available on Briggs & Stratton machines as well as Snapper and […]

It was a bit less spectacular and a lot less glamorous than most Hollywood disaster movies. But the recent mega-breach at Sony Pictures Entertainment had more than its share of drama and improvisation. Numerous media outlets this week published behind-the-scenes looks at how the crisis, one of the worst cyberattacks on an American company, was handled internally. Among other unusual steps, studio CEO Michael Lynton communicated with […]

Deutsche Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday. “If the right offer came along, then the bank would sell the London vault,” one source close to the situation said. The German bank shut its physical precious metals trading arm last month as it further reduced its […]

Labour leader Ed Miliband with MP for Manchester Central Lucy Powell Photo: Steve Back / Barcroft Media It was only a matter of time before Lucy Powell got it in the neck for being successful, young – and above all female. Just days after Ed Miliband promoted her vice-chair of Labour’s election campaign, the briefings against her began. Yesterday they reached a new frenzy, after she was blamed […]

|By TAP Staff| A shortage of prime office space in Dubai, which is being underpinned by robust demand, has translated into strong upward pressure on rents across the city, and a rapidly diminishing supply of Grade A space in more centrally located submarkets and freezones, according to the latest research from international real estate consultancy Cluttons. Cluttons’ Dubai Winter 2014 Commercial Market Outlook report shows that during […]

India wants to buy more rough diamonds directly from mining companies as the world’s biggest polisher of the gems seeks to bypass traditional dealers. Prime Minister Narendra Modi called on more major suppliers such as Russia’s OAO Alrosa to sell directly to India, which polishes 80 percent of the world’s diamonds, avoiding trading centers such as Antwerp and Dubai. Speaking alongside President Vladimir Putin in New Delhi […]

 Most stock markets in the Gulf fell sharply on Tuesday after oil prices hit five-year lows, triggering a fresh wave of panic selling of shares by local retail investors, though most fund managers and analysts think the region can cope comfortably with cheaper oil. Dubai’s market, traditionally the Gulf’s most volatile, tumbled 3.5 percent to 3,889 points, though it closed well above its intra-day low of 3,761 […]

|By TAP Staff| Dubai is the world’s eighth costliest city to stay in a hotel, with New York occupying the number one slot, according to a new compilation of accommodation index. The index, compiled by GoEuro.com, covers 150 cities and over 60,000 properties to understand the effect of new trends in accommodation on the hotel industry. The increasing popularity of vacation sharing and continued growth of the […]

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