The Abu Dhabi Securities Exchange (ADX) is considering introducing with the Dubai Mercantile Exchange (DME) futures and options contracts for specific Abu Dhabi stocks as well as market index futures, a top DME official said. The exchanges have established a joint committee which will examine the issue over the next few months, DME Managing Director Owain Johnson told Reuters. “You have to go to the market and […]
DUBAI // A model to help promising young leaders achieve their potential has been launched by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Called “The Leader of the 21st Century Model”, it has been launched for the UAE Government Leaders Programme and is created by the UAE Government. Inspired by the leadership of Sheikh Mohammed, it aims to strengthen the competencies and leadership skills […]
ANTAKYA, Turkey — A Pentagon program to train moderate Syrian insurgents to fight the Islamic State has been vexed with problems of recruitment, screening, dismissals and desertions that have left only a tiny band of fighters ready to do battle. This tiny band, 54 in all, suffered perhaps the most destructive problem yet on Thursday: Its leader, deputy and at least five others were abducted in Syria, […]
|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]
Mena lagging in adopting cyber security policies BEIRUT, 1 days ago Despite the current global focus on cyber security issues including hacking, data losses, breaches and other information leaks, organizations in the Mena region still do not have formal cyber security initiatives in place, a report said. In keeping with international trends, managing Compliance Risk remains a high priority for organizations across Mena region, explained the Middle […]
The Incirlik Air Base in southern Turkey on Monday. Turkey and the United States agreed on a plan that would create what officials are calling an Islamic State-free zone, which the Turks say could also be a “safe zone” for displaced Syrians. By ANNE BARNARD, MICHAEL R. GORDON and ERIC SCHMITT July 27, 2015 BAGHDAD — Turkey and the United States have agreed in general terms on a plan that envisions American warplanes, […]
After much hype and an abundance of testing, Windows 10 — the latest version of the Microsoft Windows operating system — begins this week, with release starting July 29. The new OS is scheduled to roll out in phases, going first to Windows Insiders and then being released in waves to users who have made reservations online. Enterprise users will begin seeing Windows 10 on August 1. […]
BEIRUT, Lebanon — In a striking admission, President Bashar al-Assad of Syria said on Sunday that the country’s army faced a manpower shortage and had ceded some areas to insurgents in order to hold onto other regions deemed more important. Mr. Assad also acknowledged in a speech televised from Damascus, the Syrian capital, that many Syrians could not watch the address because of the lack of electricity […]
UAE. The Institute of Chartered Accountants in England and Wales – ICAEW, has welcomed the new UAE oil price deregulation policy which aims to support the national economy, lower fuel consumption, protect the environment and preserve national resources. Commenting on the new policy, Michael Armstrong, FCA and ICAEW Regional Director for the Middle East, Africa and South Asia (MEASA), said: “Deregulating oil prices should support the national […]
An AT&T Logo is pictured on the side of a building in Pasadena, California, January 26, 2015. Reuters/Mario Anzuoni WASHINGTON The No. 2 U.S. wireless carrier AT&T Inc (T.N) and the biggest satellite-TV provider DirecTV (DTV.O) became the country’s largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp (CMCSA.O). […]
ADEN // An Emirati plane landed in Aden at dawn on Friday, bringing humanitarian aid to the southern Yemeni city only hours after its airport came under rocket fire from rebels. In total, four aircraft have arrived at the port city since the symbolic reopening of Aden’s international airport on Wednesday, which followed nearly four months of fierce fighting. The UAE plane delivered medical supplies from the […]
July 24, 2015 By LAILA LALAMI One afternoon last April, I stood in the doorway of my daughter’s room, watching her prepare for a big recital. She was going to perform with her middle-school orchestra in Santa Monica. She packed her violin, rosined her bow, put on a black dress and tamed her wild hair into a bun. ‘‘There,’’ she said. ‘‘I’m ready.’’ How lovely she looked, […]
Video | Kerry Defends Nuclear Deal to Senate Secretary of State John Kerry defended the Iran nuclear deal on Thursday before the Senate Foreign Relations Committee, meeting resistance from Republican members of the group. By JONATHAN WEISMAN and MICHAEL R. GORDON July 23, 2015 WASHINGTON — After four and a half hours of contentious questioning, three cabinet secretaries deployed Thursday by President Obama to the Senate to defend his nuclear deal with […]
By HELENE COOPER and CEYLAN YEGINSU July 23, 2015 AMMAN, Jordan — The United States and Turkey have reached an agreement for manned and unmanned American warplanes to carry out aerial attacks on the Islamic State from two Turkish air bases, Obama administration officials said Thursday. The agreement on the bases, Incirlik and Diyarbakir, was described by one senior administration official as a “game changer” that would significantly strengthen the American […]
It could be a match made in heaven. Wall Street says Intel Corp (INTC.O) is the best suitor for Qualcomm Inc’s (QCOM.O) chip unit, if the maker of Snapdragon mobile processors decides to break itself up. “The chip deal to end all chip deals,” says Cowen and Co analyst Timothy Arcuri, would give Intel’s smartphone chip making business a much-needed boost. It would also allow Intel to […]
UAE. The current shortage of middle income housing is one of the greatest challenges facing the real estate industry in the Middle East, said Craig Plumb, Head of Research at JLL MENA. “With a shortage of housing for those families earning salaries around the UAE average, it is important that we address some of the best practice initiatives and developments that have been launched in the Emirates, […]
|By Matein Khalid| As a student of investing and the son of a painter/art historian, I cherish art as a visceral, spiritual value but am also intrigued by its historical linkage to banking and the financial markets. The happiest moments of my life have been spent in the Prado, Tate, Hermitage, Rijksmuseum, Ufizi, MOMA, Met, the National Gallery on Trafalgar Square, the Louvre, Musee d’Orsay and so […]
The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. Reuters/Kai Pfaffenbach Micron Technology Inc (MU.O) has told China’s Tsinghua Unigroup Ltd that its $23 billion acquisition offer is not realistic because U.S. authorities would block the deal due to national security concerns, according to people familiar with the matter. The Boise, Idaho-based chipmaker’s […]
UNITED NATIONS — The United Nations Security Council on Monday unanimously approved a resolution that creates the basis for international economic sanctions against Iran to be lifted, a move that incited a furious reaction in Israel and potentially sets up an angry showdown in Congress. The 15-0 vote for approval of the resolution — 104 pages long including annexes and lists — was written in Vienna by […]
TEHRAN — Ayatollah Ali Khamenei, the supreme leader of Iran, voiced support on Saturday for his country’s nuclear deal with world powers while emphasizing that it did not signal an end to Iran’s hostility toward the United States and its allies, especially Israel. “Their actions in the region are 180 degrees different from ours,” he said. Speaking after a special prayer marking the end of the Muslim […]
Redmond is acquiring field service management solutions provider FieldOne Systems to beef up its CRM business. Here’s the pitch in a nutshell: Consumers expect companies to engage with them in new, more convenient ways. That includes field service capabilities. Once it integrates FieldOne’s technology into Dynamics CRM, Microsoft is convinced that its clients can better manage and deliver service to customers in the field. “Field service management […]
Microsoft is touting the latest update to its operating system, due for release starting July 29, with the line, “It’s the Windows you know, only better.” Underscoring the distance that Microsoft wants to put between the new OS and the previous version is the fact that it’s named Windows 10 — there will be no “9” to succeed the less-than-beloved Windows 8. Windows 10 will also be […]
Google Inc’s (GOOGL.O) shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc’s (FB.O) push into video. The stock’s surge, which sent the Nasdaq composite index to a record intraday high, came a day after Google reported better-than-expected profit for the first time in […]
Relatives of three Americans imprisoned in Iran expressed optimism on Wednesday that the nuclear agreement reached in Vienna had removed a significant political obstacle to the United States government’s efforts to secure their release. But the relatives also said they had received no specific indications that anything had changed, tempering their excitement. “We obviously hope that this is moving on, and now we can see some movement,” […]
