Saudi Arabia will not attend a meeting with non-Opec producers such as Russia and Kazakhstan on Monday, arguing it is pointless to gather when the 14-member oil cartel has not yet reached a deal itself. Opec ministers are due to meet next week to try and hammer out the details of the first supply cuts since the financial crisis but Iran and Iraq are still presenting potential […]
By Francesca Landini and Stephen Jewkes | MILAN MILAN France’s Amundi has submitted the highest offer to buy Italian UniCredit’s asset manager, Pioneer, while a consortium led by Poste Italiane and Ameriprise Financial are scrambling to stay in the race, three sources close to the matter said on Friday. Two of the sources also said that Australia’s Macquarie (MQG.AX) was practically out of the race because its […]
FUJAIRAH // Hundreds gathered on the beachfront of Fujairah on Friday to watch the seven jet aircraft of Fursan Al Emarat perform a set of breathtaking aerial maneouvres. The 25-minute performance, which marked the start of the week-long celebrations of the UAE’s 45th National Day, coloured Fujairah’s skies with the UAE flag in red, green, black and white smoke. Children and adults of all nationalities witnessed the […]
The Abu Dhabi F1 party got started on Thursday on the Abu Dhabi Corniche. The free music festival, Beats on The Beach, kicked off with over 20,000 people in attendance to see a varied programme featuring the likes of Filipino pop sensation Yeng Constantino, Emirati singer Shamma Hamdan and UK rap duo Krept and Konan. With all the artists blessed with their own dedicated fan base, the […]
DUBAI, June 11 (Reuters) – Pricing guidance for a ten-year sukuk issue by Emaar Malls Group, a unit of Dubai’s Emaar Properties , was tightened further on Wednesday, with final guidance issued at 185 basis points over midswaps plus or minus 2.5 bps, a document from lead arrangers said. The size of the issue will be $750 million, the document showed. On Tuesday Emaar Malls, which also […]
A Malaysian businessman and his partner have been charged with orchestrating the single biggest fraud in the history of Singapore’s stock exchange, which wiped out S$8bn in value and triggered a lasting loss of investor confidence. Soh Chee Wen, also known as John Soh, faced charges in a Singapore court on Friday in relation to an alleged fraud in which three publicly listed stocks soared in valuation […]
DUBAI, June 11 (Reuters) – Pricing guidance for a ten-year sukuk issue by Emaar Malls Group, a unit of Dubai’s Emaar Properties , was tightened further on Wednesday, with final guidance issued at 185 basis points over midswaps plus or minus 2.5 bps, a document from lead arrangers said. The size of the issue will be $750 million, the document showed. On Tuesday Emaar Malls, which also […]
Hitting the rocks. José Cuervo, the world’s largest tequila maker, has put its planned IPO for up to $1bn on ice because of market uncertainty in the wake of the US elections, according to people familiar with the plans. The company, officially known as Becle, had filed its prospectus with the Mexican stock exchange in September. But the Mexican IPC index has fallen nearly 7 per cent […]
Palestinian leaders were more wary. “I don’t personally know Jared Kushner and have never met him, but welcome the idea of having him assist in breaking the deadlock in the negotiations of the conflict,” said Amin Maqboul, secretary general of the revolutionary council of Fatah, the party that controls the Palestinian Authority. Continue reading the main story The extent of Mr. Kushner’s relationship with Israel is unclear. […]
Dogs may have an episodic-like memory after all, reports a recent study conducted by a group of researchers in Budapest, Hungary. It is a well-known fact that humans are able to recall and remember an incident from the past, but the episodic memory of non-human animals had not been clearly studied until now. Shared Mental Abilities Claudia Fugazza, a member of the MTA-ELTE Comparative Ethology Research Group that […]
BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]
Luxury watch brand IWC Schaffhausen has launched an Arabic-inspired limited-edition Portugieser Chronograph with retail partner Ahmed Seddiqi & Sons in Dubai. The watch, which is limited to 200 pieces, is the brand’s first-ever to be manufactured with Eastern Arabic numerals. A part of its sales proceeds will go to Al Jalila Foundation which focuses on improving lives through medical education and research in the UAE. The Portugieser […]
John Hanke arrives at Mijita on San Francisco Bay looking more like a middle-aged indie rocker than the chief executive of a company that this summer was estimated to be making tens of millions a week. His striped flannel shirt is unbuttoned over a T-shirt bearing a compass and the words, taken from a poem in The Lord of the Rings, “Not all who wander are lost”. […]
Global Manufacturing and Industrialisation Summit will enable discussion on standardising new technologies for industry-wide applications Current lack of standardisation means developing Internet of Things technologies are unable to communicate universally, limiting their potential Abu Dhabi, UAE, November 25, 2016 The Global Manufacturing and Industrialisation Summit (GMIS) will further global discussions and spur international action on emerging technology standardisation, said Ludovica Alcorta, Director of the Development Policy, […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
Sunil John, the founder and CEO of ASDA’A Burson-Marsteller, was presented with the Chairman’s Award at the Middle East PR Awards 2016. Now in its eighth year, the Middle East PR Awards recognises agencies, corporates, teams and individuals who have shown exceptional return on investment, creativity and strategic impact. The Chairman’s Award, one of the top prizes at the industry’s biggest event, is given to an individual […]
A 3,800 year old clay figurine of a seated person apparently deep in thought was recently discovered in Israel. The Israel Antiquities Authority (IAA) revealed on Wednesday that the small figurine wearing a hat and with its chin resting on its hand was unearthed during an excavation at Yehud, a city in the Central District in Israel, by IAA archaeologists and high school students in October. Ceramic […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Friday, dragged by a strong dollar, rising Saudi supplies to Asian clients, and a fall in Chinese imports. Brent crude futures were trading at $48.42 at 0753 GMT, down 58 cents, or 1.2 percent, from their last close, although overall activity was thin after the U.S. Thanksgiving holiday and ahead of the weekend. U.S. […]
Dear Zindagi Directed by: Gauri Shinde Starring: Shah Rukh Khan, Alia Bhatt Four stars Maybe this is the year Shah Rukh Khan starts to reinvent himself. Maybe he’ll do fewer masala films and take on projects such as Dear Zindagi instead, because he absolutely shines in the role of soft-spoken therapist Jehangir “Jug” Khan in this gentle drama by Gauri Shinde. The movie opens with Kaira, a […]
Initially the threat posed by the Legion was primarily seen as a problem for law enforcement officials. But as the threat worsened last year, and the F.B.I. stepped up the monitoring of terrorism suspects around the country, the bureau pressed the military to focus on the group, according to current and former American officials. Continue reading the main story While American and British forces conducted a series […]
Coming on the heels of a Thanksgiving update and the official addition of Ditto in Pokémon GO, Niantic is finally bringing back a feature that drove many players away from the app when the company first yanked it from the game. The Return Of The Nearby Tracker At long last, the nearby tracker is returning, albeit slowly, to the overwhelming delight of many players who have continuously complained about […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with U.S. Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending […]
ABU DHABI // All eyes were turned to the capital’s skies on Thursday afternoon as the Red Arrows performed over Abu Dhabi’s Corniche. Hundreds gathered on the beachfront to watch the Royal Air Force’s world-famous aerobatic team twist and turn their bright red jets through a series of stunts, prompting spectators to “ooh” and “aah” in amazement. Chloe Steele, from the UK, attended the event with her […]
BEIRUT: Syrian government forces are trying to split opposition-held eastern Aleppo in two in a fierce ground and air assault that is taking a heavy toll on besieged civilians and rebel fighters who are battling hard to stop them, a rebel commander said.Abu Abdelrahman Nour, Aleppo commander of the Jabha Shamiya, one of the biggest groups fighting against President Bashar Assad in northern Syria, called for more […]
