SINGAPORE Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks. Crude inventories in the United States rose by 5.3 million barrels in the week to Nov. 11, compared with expectations for an increase of 1.5 million barrels. The climb in inventories was mainly due to higher imports that averaged 910,000 barrels per day (bpd), according to data released […]
16 November 2016 H.E. Sheikh Fahad Bin Mohamed Bin Jabor Al-Thani, Chairman of Doha Bank, disclosed that the Board of Directors has resolved in its meeting held on 16/11/2016 to submit a recommendation to the Extraordinary General Assembly of the shareholders that will be held in March 2017 to increase the capital of the bank during the 1st half of 2017 by 20% to meet the bank’s […]
In June this year, a video titled The DNA Journey went viral. In it, 67 people from all over the world took a closer look at their ancestry. After a quick spit into a jar, their DNA was sent away and the participants were asked to return two weeks later. Many of the results were, to say the least, surprising. Those who expressed a strong sense of […]
Photo The remains of Staff Sgt. James F. Moriarty were carried by an Army team at Dover Air Force Base in Delaware last week. Credit Steve Ruark/Associated Press JERUSALEM — American officials said on Wednesday that they were investigating the killing of three United States soldiers at a Jordanian air base this month as a possible terrorist attack and dismissed suggestions that the three had done anything […]
Donald Trump has pushed back on claims that infighting is hampering the critical process of putting in place his cabinet and top officials, insisting that his presidential transition is on track despite a series of dismissals and resignations. “It is going so smoothly,” Mr Trump tweeted on Wednesday, saying reports of chaos inside the team now headed by Mike Pence, his vice-president, were “totally wrong”. He also denied the transition […]
Global investor expectations of inflation have surged to their highest level in more than a decade, according to a survey of money managers that underlines how Donald Trump’s election as US president has electrified financial markets. More than 80 per cent of those surveyed this month by Bank of America Merrill Lynch believe that the global level of prices will rise over the next 12 months. Although […]
ABU DHABI // The security of the Gulf states is a shared responsibility where a threat against one will be considered a threat against all, Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of the Interior, said on Wednesday. “We will protect our common security in the Gulf region in actions not in words. We will build an insusceptible barrier to fend off any threat to […]
NEW YORK JPMorgan Chase & Co (JPM.N) shares dropped to a session low as volume jumped late in the trading session on Wednesday after Fox Business Network reporter Maria Bartiromo tweeted that the bank’s chief executive Jamie Dimon might get the Treasury Secretary position and a “big meeting” was planned on Thursday. Bartiromo tweeted she was “hearing” Dimon will get the position under President-elect Donald Trump with […]
The West Nile Virus infection could be deadlier than previously thought, reports a recent study presented at the 2016 American Society of Tropical Medicine and Hygiene meeting. The mosquito-borne disease is found to cause fatalities even years after initial exposure to the virus. Kristy O. Murray, the lead author of the study from the Baylor College of Medicine and Texas Children’s Hospital said that, amid Zika virus […]
For four years, officials said, they had patiently requested that Dharam Pal Singh provide reliable evidence to verify his birth date: school records, military records, baptismal records, medical records, school records of his children. “We have absolutely nothing to prove how old he really is,” Pashkin said. “He could be 80; he could be 100. We don’t know.” Through the years, Singh had not been consistent in […]
A popular measure of the dollar climbed to its highest level in more than 13 years, propelled by the expectation of rising US interest rates, the expectation of significant fiscal stimulus and concerns about the rise of populist forces in Europe. The DXY, an index that measures the dollar against a basket of its main peers and primarily weighted to the euro, gathered pace on Wednesday, rising […]
NEW YORK If newly elected U.S. officials were to reduce federal corporate taxes by 20 percent, Citigroup Inc (C.N) could have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, Citi’s chief financial officer said on Wednesday. However a charge of that size and nature would not hurt the amount of capital that Citigroup reports to regulators under rules […]
Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said on Tuesday, allowing more investors to clear transactions in yuan. ICBC becomes the second Chinese bank to join DGCX’s wholly-owned subsidiary, Dubai Commodities Clearing Corporation, as a clearing and settlement bank. Bank of China became a member in […]
Over the past few episodes, the battle between the evil Zamasu and Goku, Vegeta and Trunks has been heating up. It seems Zamasu’s fusion with Goku Black simply made the villain too powerful for the Z fighters to overcome. But as episode 66 of Dragon Ball Super shows, the defenders of Earth have a few more tricks up their sleeves. As was heavily teased in previews for […]
A new Sesame Street movie is being developed by writers David Guion and Michael Handelman for Warner Bros. According to Deadline, the writers are working on a script treatment for the movie based on everyone’s favorite fictional New York City street. Sesame Street was a mainstay of children’s programming on PBS for over 40 years, and last year the series moved to its new home on HBO. […]
Photo Destroyed buildings in the Syrian village of Kfar Jales, near Idlib, on Wednesday, following air strikes by Syrian and Russian warplanes. Credit Omar Haj Kadour/Agence France-Presse — Getty Images LONDON — President Bashar al-Assad of Syria, in his first remarks since the American election, has called President-elect Donald J. Trump “a natural ally, together with the Russians, Iranians and many other countries” in the struggle against […]
Donatella Versace: “The United Arab Emirates is a very important market for Versace” The city serves as a launch pad for Versace’s most extravagant hotel – Palazzo Versace Dubai, 16th November 2016 Hospitality industry in the UAE remains firm on its growth trajectory with the launch of top-tier and breath-taking landmark projects. Continuing its positive momentum, The Palazzo Versace Hotel in Dubai opened its doors in […]
The trade-weighted dollar has hit its highest level since the day US forces closed in on the capture of Saddam Hussein towards the end of the Iraq war more than 13 years ago. The index that measures the greenback against a basket of its peers gathered pace on Wednesday, rising to 100.530, reports Roger Blitz. That takes it past the previous intraday high of 100.510 reached on […]
By Alex Lawler and Rania El Gamal | LONDON/DOHA LONDON/DOHA OPEC officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, OPEC sources said, a sign of progress in finalizing the exporter group’s first such deal since 2008. OPEC agreed in Algeria on Sept. 28 to limit supply with special conditions given to Libya, Nigeria […]
A consortium of space and research organizations, Project Blue is aiming to photograph planets around the Alpha Centauri star system, starting with launching a Kickstarter campaign to fund efforts to spot a “pale blue dot” that signify Earth-like planetary conditions conducive to life. Set to last until Dec. 21, 2016, the Project Blue Kickstarter campaign has a funding goal of at least $1 million. It’s a dramatically […]
This year marks the 60th anniversary of the Suez Crisis that shocked the western world with its tangles of politics and nationalism, greed and opportunism, imperial manoeuvring and Cold War brinkmanship. Michael Doran, former White House Middle East adviser and a deputy assistant secretary in the department of defence under President George W Bush, in his new book Ike’s Gamble: America’s Rise to Dominance in the Middle […]
And yet it does. Among those bothered is Lod’s mayor, Yair Revivo, who is Jewish and announced last month that the city would broadcast the Shema, a central prayer that begins “Hear O Israel,” to counter the mosques’ call. Continue reading the main story The first of Islam’s five daily prayers begins before dawn, noted Col. Motti Yogev, a member of Parliament who introduced the new ban. […]
Russia launched its long-awaited offensive across Syria on Tuesday just hours after Vladimir Putin discussed the conflict with Donald Trump amid growing questions about how the incoming American president will deal with his Russian counterpart. Sergei Shoigu, Russia’s defence minister, said the air strikes were targeting Isis and Syrian jihadis, their ammunition depots and training camps, in the provinces of Idlib and Homs. Opposition activists said the […]
British multinational hotels company InterContinental Hotels Group (IHG) and Dubai’s Al-Futtaim have signed an agreement for management of the largest Holiday Inn hotel in the UAE. The 520-room Holiday Inn Dubai Festival City, a mixed-use waterfront community, is expected to be completed towards end-2017. The new hotel, the first branded mid-market hotel in the area, will connect directly to Dubai Festival City Mall. The hotel will also […]
