By Mica Rosenberg | NEW YORK NEW YORK A U.S. Department of Homeland Security plan to add more than 5,000 border enforcement agents will present logistical challenges and might be unnecessary, according to former government officials familiar with earlier pushes to accelerate border hiring. Three former top officials at U.S. Customs and Border Patrol (CBP) told Reuters in interviews that ramping up hiring at the agency, as […]
If you’ve read the latest headlines about Britain’s tech industry, you’d think the country hadn’t be rocked by the greatest political and economic uncertainty since the Second World War. Not only are UK startups raising record amounts of funding year on year, but tech giants like Amazon are investing and doubling down on the UK economy, as if the mood music was taken straight from a dance scene […]
The onset of the Trump era forced economists to confront their doubts about their usefulness to the public. They shared this ordeal with political forecasters, Democrats, logicians and journalists. Maybe we all deserved the anguish. Those economists who remain in a funk should nonetheless snap themselves out of it. One reason is that the sappy self-loathing economist is now embarrassingly cliché. Take it from a sappy self-loathing […]
Oman developer Muriya has announced the expansion of its Salalah Beach resort, with the addition of 84 extra keys. The additional rooms have been added to the Fanar Hotel & Residences, taking the total number of rooms at the Salalah Beach development to close to 800, the company said in a statement. The company said the expansion is part of its plans to transform Salalah into the […]
Another day, another reversal of a legacy Obama policy. Moments ago, US Attorney General Jeff Sessions reversed an Obama-era memo to phase out the use of private prisons, signalling his support for federal use of such facilities and advising that the Bureau of Prisons will “return to its previous approach to the use of private prisons.” Sessions issued a new memo Thursday replacing one issued last August […]
The original Sass was founded in 1993, by father and son team Sassa & Samy Sass. The original location in Monaco combined upscale atmosphere with the cosy décor of a family-friendly café. Catering to a jet-setter crowd, it seems only right that it’s international expansion start in Dubai’s glitzy financial centre. Despite the name, Sass is by no means a café. Instead, it is more akin to […]
Apple typically drops the price on the previous iPhone $100 or so while other manufacturers may offer even bigger discounts. And now T-Mobile is currently offering the LG V20, Samsung Galaxy S7, and Samsung Galaxy S7 Edge at a massive discount, for just $360. The LG V20 is normally priced at $769.99, the S7 at $673.99, and the S7 Edge at $779.99. I was just considering a […]
Submitted by Chris Hamilton via Econimica blog, I’m dazed & confused…economists and the consensus all acknowledge 2001 and 2007 were low interest rate, debt driven financial and economic bubbles. However, somehow today’s even lower interest rate environment resulting in an additional $9.5 trillion in equity valuation from the last bubble peak…this one is legit and isn’t a bubble??? What I’m even more confused about is who, exactly, is buying all the […]
Photo Prime Minister Benjamin Netanyahu of Israel, left, with his host, Prime Minister Malcolm Turnbull, in Sydney, Australia, on Wednesday. The visit was a first by a sitting Israeli leader. Credit Jason Reed/Reuters SYDNEY, Australia — Prime Minister Benjamin Netanyahu of Israel was warmly welcomed here Wednesday by his Australian counterpart, Malcolm Turnbull, with the Israeli leader promoting the two countries’ growing ties as Israel faces rising […]
22 Feb 2017, Doha, Qatar The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) announced today its financial results for the full year ended 31 December 2016. The Group reported a net profit of QAR 501.4 million as compared to QAR 1,434 million for the same period in 2015, a decrease of 65%. The Bank reported a net profit of QAR 683 million (2015- QAR […]
Manama, Bahrain (21 February 2017) Seef Properties, the leading integrated development company in the Kingdom of Bahrain, announced its financial results for the year ended on 31 December 2016 with a net profit totaling BD11.04 Million. The results were announced during a meeting held on February 21st 2017, headed by Chairman Mr Essa Najibi. The Board of Directors also decided to recommend to the General Assembly to […]
ProPublica Illinois announced Louise Kiernan as its first editor in chief on Tuesday. Kiernan, who worked at the Chicago Tribune for 18 years, comes to ProPublica’s first regional project from the Medill School of Journalism at Northwestern University. There, she was an associate professor. At the Tribune, Kiernan was the lead reporter on a project that won the 2001 Pulitzer Prize for Explanatory Reporting. That year, Kiernan […]
DUBAI// Enoc will open 10 new petrol stations this year and will add 54 stations by 2020. The expansion began with the opening of the Warsan station on the Dubai-Hatta Road in the eastern region of the emirate. The new stations will be located in Sheikh Zayed Road, Al Barsha South, Hessa Street, Sheikh Rashid Road, Bab Al Shams, Hatta, Jumeirah Village, Al Lehbab Road, and Academic […]
MANILA, Philippines – A retired Philippine police officer said Monday that President Rodrigo Duterte, when he was a mayor, ordered and paid him and other members of a so-called liquidation squad to kill criminals and opponents, including a kidnapping suspect, his family and a critical radio commentator. Human rights lawyers who presented Arthur Lascanas at a news conference said the allegations could be grounds for impeaching Duterte, […]
Partnership will allow partner-drivers to connect with on-demand medical professionals United Arab Emirates, 20 February 2017 Uber, the smartphone app-based technology company, has announced a partnership with Altibbi, an online medical mobile application, to connect Uber partner-drivers with on-demand doctors. The application allows partner-drivers to connect with a selection of certified doctors, and get round-the-clock affordable medical consultations over the phone. This gives partner-drivers access to safe […]
Kraft Heinz, the Warren Buffett-backed US food group, dropped its $143bn pursuit of consumer products rival Unilever on Sunday, only two days after publicly confirming its interest in acquiring the Anglo-Dutch rival. Kraft Heinz said in a joint statement with Unilever that it had “amicably agreed to withdraw its proposal for a combination of the two companies”. A takeover would have created the world’s second-largest consumer goods […]
CAIRO Islamic State published a video on Sunday threatening Egyptian Christians and showing the last statement of a man it said was responsible for the deadly bombing in December of a Coptic cathedral in Cairo. The masked man in battle-dress, whom the group identified as Abu Abdallah al-Masri, is seen encouraging militants all over the world not to give up and promising Islamists jailed in Egypt they […]
Al Shafar Steel Engineering has announced plans for a AED175 million ($47.6 million) expansion of its facilities located at Dubai Industrial Park. The expansion, which will result in one of the largest steel manufacturing companies in the region, is geared to grow the company’s operational footprint in the UAE and the wider GCC region, Al Shafar said in a statement. The company said it will add four […]
18 February 2017 Abu Dhabi – NIMR Automotive, a subsidiary of Emirates Defence Industries Company (EDIC), the UAE’s integrated defence manufacturing and services platform is showcasing its new JAIS 6×6 military vehicle at the International Defense Exhibition and Conference (IDEX), demonstrating Abu Dhabi’s growing capabilities in military manufacturing. “This vehicle is a major milestone for NIMR as we grow our production, expand our product range and break into new […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
Sign up to receive Authers’ Note daily by email here Donald Trump has been remarkably consistent in his first month in office. As he reminded everyone at his press conference on Thursday, he has done what he said he would do. But on the same day came one clear-cut instance where he has changed his mind — on the stock market. This is what he tweeted on Thursday. […]
Oman Air has revealed that a fake Twitter account has been set up in its named in an effort to damage its image and reputation. The national carrier said in a statement that a video clip posted by a citizen aimed at damaging Oman Air has encouraged further similar activities, including the Twitter account. It said any information or communication coming from the account, @omanairline, is “unauthorised […]
Soundtrack Your Brand (SYB), the brainchild of an ex-Spotify executive and the quickest growing background music company, has raised $22 million in a round of funding. The round was led by UK’s Balderton Capital and Industrifonden, which is a Nordic venture capital fund. The funding, SYB revealed will be used for the business’ worldwide expansion, as well as improving the service. The company intends to use the […]
Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]
