DUBAI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, chaired the first board meeting of the Mohammed bin Rashid Al Maktoum Library Foundation on Monday. During the meeting, he said he wanted the library to be “the largest knowledge project in the Arab World”, reported state news agency Wam. He directed the board members to work on collecting the best books and attracting the […]
When a man goes bankrupt it happens in two ways: first gradually, then suddenly. Those who look to financial markets for meaningful information about the future must accept the risk that the market may be wrong. The problem for those who place their faith in its predictive powers is that — like the bankrupt described by Ernest Hemingway — when investors discover they are wrong they too […]
How did they do it? How can it be that two decades after the fabled 1990s “big beat” boom – arguably the moment electronic music truly crossed over to the British public at large – The Chemical Brothers are the tallest tree from the era still standing? Their contemporaries might have sold more records, but today Fatboy Slim is a touring party DJ producing very little new […]
Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation that Congress could push through a fiscal expansion after years of budgetary restraint. Stanley Fischer, vice-chairman of the Federal Reserve Board, said that the central bank did not need to be the only game in town and […]
In light of the recent surge in shorts across the curve, which as the table below shows has pushed repo rates deep into special territory, with the 2-Year going negative ahead of today’s auction… … it may have been the squeeze going into today’s 1PM auction announcement that prevent an uglier result for the just concluded sale of $26 billion in 2 Year paper. Pricing at 1.085%, […]
Full spoilers for Westworld continue below. Plenty of unanswered questions remain after Westworld’s third-to-last episode of Season 1, “Trace Decay,” but at least one key theory is confirmed: there are multiple timelines. As the HBO series further teases out the mystery of the maze and of who Arnold is, Dolores’s complicated storyline actually offered the most insight into what’s to come. The two biggest early theories of […]
“It’s almost like a puzzle mystery,” Priebus told me last summer. I don’t recall what we were talking about, but Priebus had a knack for homespun Wisconsin logic and, particularly, throwaway lines that would stick with me. I kept thinking of the puzzle mysteries that were playing out up and down Trump Tower, even though I showed up Friday without an appointment with Priebus and was confined […]
Samsung kicked off the Android 7.0 Nougat beta program for its flagship Galaxy S7 edge and Galaxy S7 smartphones in early November. Thanks to the beta program, users of the handsets in the United States, China, the UK and South Korea could register and get access to the firmware’s beta version once they were selected. Those excited by the news will be a little disheartened to know that […]
Six people suffered minor injuries in a 25-car pile-up on the busy Al Ain-Abu Dhabi Road on Monday morning, according to Abu Dhabi Police. “Twenty-five vehicles were involved in an early-morning crash due to low visibility,” said Brigadier General Ali Khalfan Al Dhaheri, director-general of central operations at Abu Dhabi Police. The injured received first aid on the spot and were then taken to Tawam Hospital in […]
By Timothy Aeppel and Mai Nguyen American companies from appliance makers to auto parts suppliers have lined up to offer a quiet caution to President-elect Donald Trump as he considers pulling the United States from trade deals: most lost manufacturing jobs aren’t coming back, but higher costs for consumers could. Consider the sneaker industry, one of the first to move to Asia because of the sharply lower […]
Wall Street is betting big on small. US president-elect Donald Trump’s pledge to ignite faster economic growth has put the shares of smaller US companies on track to outshine big multinationals this year for the first time since 2013. The Russell 2000, an index of shares with a median market value of less than $1bn, has surged 10 per cent to a record since the US election. […]
21 November 2016 Diyar Al Muharraq, one of the leading urban developers in the Kingdom of Bahrain, proudly announces the launch of the second and final phase of “Al Qamra” freehold residential plots, following the successful sale of the first phase which witnessed tremendous public response to purchase plots due to the project’s flexibility in sizes that cater to the varying housing needs. The company announced that […]
She could be 80 or 81 – while her age is disputed, one thing for sure is November 21 is Fairouz’s birthday. The legendary Lebanese artist, real name Nouhad Wadie’ Haddad, has performed on all the world’s greatest stages, ranging from the Royal Albert Hall in London to Carnegie Hall in New York. While there is no official tally as yet, Fairouz is said to have recorded […]
As a casual PC gamer, I always found it challenging to find the perfect PC gaming gear that matches my style. That style consists of simple gear that does the job perfectly and doesn’t put a hole in my wallet. Luckily, I think that’s what Logitech is aiming for with the G403 Prodigy wireless mouse. Design When you see the G403 Prodigy mouse for the first time, […]
Rowan Companies Plc (RDC.N) said it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco to operate offshore drilling rigs in the country. Rowan said it would provide three jack-up rigs and Saudi Aramco two when the joint venture begins operations in the second quarter of 2017. Both companies would contribute $25 million as working capital, Rowan said in a regulatory filing on […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
“I’m going to get on my soap box,” says Dan Ayoub, studio head of strategy games at 343 Industries. “I think the term ‘beta’, it’s just lost. We should just give up; we’ve lost the word.” Ayoub is definitely onto something. At risk of showing my age, I remember a time when it was safe to expect a developer to release a demo for its latest game, […]
Photo President Hassan Rouhani of Iran, center, at a welcome ceremony earlier this month in Karaj, just west of Tehran, has said that his country will remain committed to a nuclear deal with the United States and other world powers. Credit Office of the Iranian Presidency, via Associated Press TEHRAN — At first blush, the election of Donald J. Trump would seem to be bad news for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose around 1 percent on Monday as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years. Brent crude futures LCOc1 were trading at $47.31 per barrel at 0743 GMT, up 65 cents, or 0.96 percent, from their last settlement. U.S. West Texas Intermediate (WTI) CLc1 was up 0.9 percent, […]
November 21, 2016 by: Peter Wells in Hong Kong and Michael Hunter in London Monday 08.00 GMT. Oil prices are making notable gains, tracking the prospect of a deal on output cuts between major producers, setting Brent crude on course for its first two-session advance since early October. Brent crude, the international benchmark, is up 1.3 per cent at $47.47 a barrel, while West Texas Intermediate is […]
Talking over a scratchy telephone line from Mumbai, Shah Rukh Khan and Alia Bhatt sound relaxed as they discuss their new film, Dear Zindagi (Dear Life), which is due out tomorrow (November 24) in the UAE. The superstar and young actress have been working tirelessly to promote the film, and spent a whole day last week talking to reporters, whose time slots were queued up, but, like […]
Sweden’s Henrik Stenson has won European Tour’s Order Of Merit for the second time after none of his challengers could replace him at the top of the money list on the final day of the DP World Tour Championship in Dubai on Sunday. Matthew Fitzpatrick holed a nerve-shredding four-foot putt at the 18th to win the season-ending tournament at Jumeirah Golf Estates, Dubai. The 22 year trailed […]
21st November, 2016 Abu Dhabi, UAE GCAA is organising a visit of the future of UAE nationals in the Air Navigation Service provision to Sheikh Zayed Air Navigation Centre from 21st -24th November as part of its participation in the UAE innovation week, aiming to enhance the culture of innovation among UAE national students. H.E Saif Mohamed Al Suwaidi, Director General of GCAA said: “During the innovation […]
Three Abu Dhabi banks denied they were in merger talks on Sunday, sending their share prices lower as investor hopes of a shake-up in the banking sector were dashed. Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB) and Abu Dhabi Islamic Bank in separate statements to the bourse each denied they were involved in merger plans. Shares in the lenders had been suspended earlier on Sunday […]
