Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. There will be no overall production growth outside the Organization of Petroleum Exporting Countries next year for the first time since 2008, according to the IEA. Growth in U.S. shale oil supplies will stagnate to the […]
People queue outside an Apple store to buy the new iPhone 6 and 6 Plus in Beijing November 16, 2014. Reuters/Petar Kujundzic SAN FRANCISCO Apple Inc’s (AAPL.O) stock was heading toward its first five-session losing streak since January on Thursday as investors worried about the economic health of China, a key market for iPhones. Apple shares were down 2 percent at $120.15 in afternoon trade and have […]
UAE. The representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally. Overall, women now hold 12 percent of seats worldwide with only 4 percent chairing boards, according to the fourth edition of the Women in the Boardroom: A Global Perspective, report by Deloitte. The report outlines the efforts of 49 countries to increase the number of […]
TEHRAN — The chants of “Death to America” and the burning of American flags in the streets are as familiar a part of life here as air pollution and traffic jams. With the United States and Iran on the verge of a potentially historic nuclear accord, however, there has been a distinct change in tone: the anti-Americanism is getting even more strident. The rising levels of vitriol […]
JERUSALEM — Robert Turner is recognized everywhere in the Gaza Strip, jokingly called its governor. To most people there, he is known simply as “Mr. Bob.” He departs on Thursday after serving as Gaza director of the United Nations Relief and Works Agency for three years — or, put another way, through two wars between Israel and Hamas, the militant group that controls the coastal enclave. Mr. […]
JERUSALEM — Israel’s strictly Orthodox minister of religious services said on Tuesday that he did not consider Reform Jews to be Jewish, inflaming internal discord over religious issues and underscoring tensions with American Jews, who mostly belong to the more liberal streams of Conservative and Reform Judaism. “The moment a Reform Jew stops following the religion of Israel, let’s say there’s a problem,” the minister, David Azoulay […]
Saudi Arabia’s sovereign wealth fund is to invest up to $10 billion in Russia over the next five years, in a move signalling a thawing in relations between the two countries. Saudi Arabia’s Public Investment Fund (PIF), the country’s sovereign wealth investment vehicle, agreed on Monday to invest $10 billion over the next five years approximately in the Russia Direct Investment Fund (RDIF), a government-run investment fund. […]
U.S. crude tumbled about 2 percent on Tuesday, sinking for a second straight day as investors fled to safe havens on worries about a near-bankrupt Greece and China’s stock market losses and as technical selling threatened to push oil into a bear market. Iran’s determination to seal a nuclear deal with global powers to bring more of its crude to an oversupplied market and the restart of […]
UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]
Metallic seals like this one have long been used to prevent unauthorized access to nuclear equipment. New electronic and fiber-optic seals beam back confirmation that they remain intact. By DAVID E. SANGER and WILLIAM J. BROAD July 6, 2015 VIENNA — On the outskirts of this graceful city, the Iran Task Force of the International Atomic Energy Agency is preparing to move quickly if American and Iranian negotiators here manage to cut a […]
Metallic seals like this one have long been used to prevent unauthorized access to nuclear equipment. New electronic and fiber-optic seals beam back confirmation that they remain intact. By DAVID E. SANGER and WILLIAM J. BROAD July 6, 2015 VIENNA — On the outskirts of this graceful city, the Iran Task Force of the International Atomic Energy Agency is preparing to move quickly if American and Iranian negotiators here manage to cut a […]
Dubai and the mid- market hotel sector …stable performance. Dubai hotels sector focus shifting to mid-market DUBAI, 11 hours, 43 minutes ago Dubai is seeing a shift towards the development of mid-market hotels, underpinned by government incentives, a growing middle class in key source markets and the rise of a younger, more cash constrained guest profile, a report said. Strong demand for branded mid-market hotels has helped […]
Oil price flux unlikely to hit long-term sector growth BEIRUT, 13 hours, 17 minutes ago The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new report entitled “Oil and Gas Reality Check 2015” released by Deloitte, a […]
A ball boy holds a ball on Court 18 at the Wimbledon Tennis Championships in London, July 3, 2015. Reuters/Henry Browne Deep in the bowels of the All England Club, an army of employees from one of the world’s technology giants are teaching a computer named Watson to master tennis. Seven-times Wimbledon champion Roger Federer can relax though. A silicon-chipped cyborg is not about to wreak havoc […]
By ANNE BARNARD and MAHER SAMAAN July 3, 2015 BEIRUT, Lebanon — The fiercest fighting in months raged in the divided Syrian city of Aleppo on Friday, as newly reorganized insurgents carried out a new offensive on government-held areas. Two insurgent coalitions — a new one that includes the Nusra Front, Al Qaeda’s branch in Syria, and one formed in May by local factions long active in Aleppo — attacked simultaneously […]
Palestinians carrying the body of Muhammad Hani al-Kasba in the Qalandia refugee camp in the West Bank, on Friday. By ISABEL KERSHNER July 3, 2015 JERUSALEM — Israeli forces shot and killed a Palestinian teenager in the occupied West Bank on Friday as he and others hurled stones and rocks at their army vehicle, the Israeli military said, while Palestinian Authority security forces in the West Bank arrested more […]
Google’s new image-recognition program misfired badly this week by identifying two black people as gorillas, delivering a mortifying reminder that even the most intelligent machines still have lot to learn about human sensitivity. The blunder surfaced in a smartphone screen shot posted online Sunday by a New York man on his Twitter account, @jackyalcine. The images showed the recently released Google Photos app had sorted a picture […]
UAE. John Mullins, Associate Professor of Management Practice in Marketing and Entrepreneurship, London Business School, comments: “As in most places, the best thing regional governments can do to help entrepreneurs grow their businesses in the Middle East is to not over-engineer their efforts to assist. A key strategy to adopt is to focus on nurturing local talent by encouraging professional development through education and apprenticeships, rather than […]
The United Church of Christ, one of the largest Protestant denominations in the United States, overwhelmingly approved a resolution Tuesday calling for divestment from companies that profit from Israel’s occupation or control of Palestinian territories and to boycott products from Israeli settlements. Approval came at the church’s general synod in Cleveland, where delegates voted 508 to 124 in favor, with 38 abstentions. It was one of two […]
|TAP Special|Emirates has released a point-by-point rebuttal of subsidy allegations, asserting that the US legacy carriers got the facts wrong, got the law wrong, and set their sights on an outcome that will be wrong for American consumers, communities and the national economy. This is the airline’s response to allegations of subsidy and unfair competition leveled by the “big three” US legacy carriers – Delta, United and […]
UAE. A new report by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, delves into the challenges faced by Exploration & Production (E&P) companies here in the GCC region. The fact is, these are trying times for E&P companies globally. Following more than a decade of strong financial returns, the industry has experienced several difficult years caused […]
French attack suspect admits to killing his boss – source Full Article Iran, big powers plan to keep negotiating beyond June 30 Full Article SpaceX rocket supplying space station explodes after Florida launch Full Article Monsoon covers entire India ahead of schedule – weather office Full Article Bad weather, rugged terrain caused U.S. chopper crash in Nepal – army Full Article Kuwait says mosque bomber was Saudi, detains driver Full Article Video: […]
VIENNA — Iran’s top nuclear negotiator was heading back to Tehran on Sunday to consult with his nation’s top leadership, as negotiators remained divided over how to limit and monitor Tehran’s nuclear program and even on how to interpret the preliminary agreement they reached two months ago. With all sides now acknowledging the talks would need to continue beyond what was once considered the absolute deadline for […]
TEHRAN — Persian carpets were rolled out in the Beit-e Rahbar, the downtown Tehran offices of Iran’s supreme leader, Ayatollah Ali Khamenei, on Tuesday, a sign that important guests were on their way. One by one, members of Iran’s establishment, politicians, clerics and commanders filed in, many exchanging the perfunctory greetings of committed rivals. They sat cross-legged and waited anxiously, knowing a crucial week of nuclear negotiations […]
