WASHINGTON: One of the Middle East’s richest nations said Tuesday it would host its annual Washington party at Donald Trump’s new hotel, underscoring the president-elect’s unusual status as the owner of a major venue for events in the US capital.Salem Al Sabah, Kuwait’s ambassador to the US, said the party would take place Feb. 25, adding that he hopes guests like the “new hotel in town.” He […]
Australia’s corporate regulator has ordered Slater & Gordon to produce documents in relation to an investigation into the accuracy of its financial records, sending shares in the beleaguered law firm down more than 6 per cent. S&G has faced a string of issues with authorities in the UK and Australia following its disastrous 2015 acquisition of the professional services arm of UK-based Quindell, now known as Watchstone […]
But by the time Mr. Trump is sworn in next month, such safe zones may be irrelevant, if the evacuation of Aleppo and political negotiations proceed. Continue reading the main story More than a year after launching the air campaign that remade the battlefield in Mr. Assad’s favor, Russia appears to be looking for a way out of the war. Analysts say that Moscow sees in the […]
World’s leading hotel operator AccorHotels announces first Mercure brand in the country Muscat, Oman, 20 December 2016 AccorHotels, one of the world’s leading hotel operators announces the opening of Mercure Sohar in Oman. Blending the best of business and leisure, this new hotel pays tribute to its environment with an authentic offering reflective of genuine Omani warmth and hospitality. Nestled between Al Hajjar Mountains and the Sea […]
A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales and mergers and acquisitions as the region adjusts to lower oil prices, bankers say. Deals such as Saudi Arabia’s $17.5 billion debut international sovereign issue and the sale of a majority stake in retailer Kuwait Food Co (Americana) to Gulf-based Adeptio have helped banks’ earnings, off-setting falls […]
BEIJING China’s Foreign Ministry said on Wednesday it welcomed an announcement from the small west African country of Sao Tome to end diplomatic relations with self-ruled Taiwan. “We have noted the statement from the government of Sao Tome and Principe on the 20th to break so-called ‘diplomat’ ties with Taiwan. China expresses appreciation of this, and welcomes Sao Tome back onto the correct path of the ‘one […]
At least 26 people were killed and some 70 injured in a huge explosion at an open-air fireworks market in Mexico as shoppers stocked up on bangers and rockets for the holidays. The blasts ripped through the San Pablito fireworks market in the manner of a chain reaction on Tuesday afternoon. With about 300 stalls, the fireworks market, in the town of Tultepec in the central State […]
Friction between the two countries and their proxies is rising alarmingly at a time that mutual trust has reached a nadir. Tehran interprets Turkey’s Syria policy as primarily a product of a neo-Ottoman ambition to regain clout and empower pro-Turkey Sunnis in territories ruled by its progenitor. “What changed in Syria” after the civil war began “was neither the government’s nature nor Iran’s ties with it, but […]
A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world’s fifth-largest line, valued at about 7 to 8 billion euros ($7.2-$8.3 billion), by the end of […]
Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]
Photo The funeral on Monday of a high-ranking security officer killed in an assault in Karak, Jordan. Credit Muhammad Hamed/Reuters AMMAN, Jordan — The Islamic State claimed responsibility on Tuesday for a terrorist attack in the southern Jordanian city of Karak that killed 10 people, including the head of the military’s special forces, according to an organization that monitors militant groups. As the authorities continued their investigation […]
By Angus McDowall and Maria Tsvetkova | BEIRUT/MOSCOW BEIRUT/MOSCOW As President Bashar al-Assad’s army closed in on the last rebel enclave in Aleppo on Tuesday, Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal. The Syrian army used loudspeakers to broadcast warnings to insurgents that it was poised to enter their rapidly diminishing area during the day and told them to […]
Talent acquisition will continue to be a key focus for Middle East-based companies in 2017 with recruiters focusing on quality of hiring, according to a new LinkedIn report. Jobs pertaining to operations, sales and engineering will be the highest priority roles to fill in the region in 2017, said its MENA Recruiting Trends 2017 report. According to the report, over 81 percent of regional talent leaders feel […]
It’s that time of the year again when all manner of weird, wacky and wonderful gifts appear in the UAE’s malls to temp Christmas shoppers. From remote control cars, to pine scented candles and fur covered flip-flops, there’s something for young and old, shy and bold this season. Flick through our slideshow to see more. newslide Bags of fun Kids familiar with The Gruffalo character will relish […]
Germany was braced for a possible manhunt on Tuesday after doubts emerged as to whether the man arrested after an attack on a Christmas market in Berlin was indeed the perpetrator. Thomas de Maizière, Germany’s interior minister, said he was in “no doubt” that the attack, in which a truck was driven at speed into a crowded market in the heart of the German capital, was an […]
By Maria Tsvetkova and Peter Hobson | MOSCOW MOSCOW Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal after the three countries held talks in Moscow on Tuesday and adopted a declaration which set out the principles any agreement should adhere to. The countries made the announcement after Russian Foreign Minister Sergei Lavrov hosted talks with his Iranian and Turkish counterparts […]
Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]
20 December 2016 UAE – As the UAE increasingly becomes a thriving hub for entrepreneurs, the demand for accounting and finance skills will rise to sustain business and ensure success and survival amidst regional and global economic pressures, according to financial experts. Recent analysis revealed by professional networking site LinkedIn showed that the UAE has the highest percentage of members indicating entrepreneurship as their job function across the […]
Otsimo provides free games for autistic children to help improve attention spans using machine learning and gamification. Image: Otsimo Autistic spectrum disorders, or ASDs, impose huge costs, both human and economic, on sufferers, their families, and the community. The human toll, in terms of care and impaired relationships, is almost impossible to quantify. Looking at the US alone, the economic expenditure last year was estimated at about […]
Facebook faces a potential fine after the European Commission accused the social network of being misleading during the approval process of its $19bn takeover of WhatsApp. In a “statement of objections” on Tuesday, the European Commission charged the Silicon Valley giant with inaccurately claiming during the 2014 takeover that it was technically impossible to combine automatically user information from Facebook and WhatsApp. Facebook surprised its users this […]
Photo Andrey G. Karlov, left, with President Vladimir V. Putin of Russia at Ataturk airport in Turkey in October. Credit Osman Orsal/Reuters Russia’s ambassador to Turkey, Andrey G. Karlov, was killed by a gunman on Monday in Ankara, the capital. Turkish officials said the killer had been a police officer who, after shooting, shouted: “Don’t forget Aleppo! Don’t forget Syria!” Russia’s Foreign Ministry called the assassination a […]
ABU DHABI // Iran’s nuclear deal and the republic’s support for militias across the region are some of the major threats GCC countries face, the head of an Abu Dhabi think-tank told the British Parliament. Dr Ahmed Al Hamli told the International Relations Committee this threat had led to a regional shift of power from legitimate states to illegitimate terrorist groups, weakening the region for the Islamic […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
