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The inaugural event will serve as a platform for industry wide knowledge exchange and discussions around legacy creation 06 December 2016 Dubai, United Arab Emirates: Dubai Business Events in collaboration with the BestCities Global Alliance and the Professional Convention Management Association (PCMA), inaugurated the first ever BestCities Global Forum yesterday. Dubai is proud to host the first event of its kind organised by the global alliance, set […]

By Hamid Shalizi | WAMA, Afghanistan WAMA, Afghanistan Afghan authorities are appealing to local elders in the remote eastern province of Nuristan to help prevent militants loyal to Islamic State from expanding into new territory. The initiative comes as fighters and their families, scattered in recent months by U.S. and Afghan air strikes and special forces ground operations, seek new safe havens. The mountainous and thickly forested […]

U.S. President-elect Donald Trump said on Monday he would name retired neurosurgeon Ben Carson as secretary of the Department of Housing and Urban Development. The following is a list of Republican Trump’s selections for top jobs in his administration. All the posts but that of national security adviser require Senate confirmation: DEFENCE SECRETARY: JAMES MATTIS Mattis is a retired Marine Corps general known for his tough talk, […]

The great American corporate buyback party was expected to fizzle out next year, leaving a hangover of debt and remorse. Instead, the boom may soon find renewed succour if US companies bring their pile of foreign-based cash back home. A tax holiday for US companies looms under president-elect Donald Trump, with some seeing this wave of cash as the catalyst of an investment boom and faster US […]

Today digital transformation is a widely known concept. The growing connectivity of people, machines and even businesses has changed the demands of the markets. In order to keep up and stay competitive, business have to adjust to these demands by digitizing their processes and business models. But the digital transformation also holds a lot of new opportunities to grow or even establish new branches of business. Therefore […]

MANILA – Reuters submitted five questions to the Presidential Communications Office of Rodrigo Duterte for the news agency’s investigation into police killings of drug suspects. The questions and replies are reproduced here in full, edited only for spelling and punctuation:  1. In anti-drug operations in which police say they kill suspects in self-defense (2,004 deaths), almost none of the suspects survive. Why is that? Answer: THE DRUG […]

Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold transactions must be fully backed by physical metal and settled on the same day, the developers of the new guidance said, to observe Islam’s distinction between real economic activity and speculation. Traditionally, gold has played a very […]

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MOSCOW: Russian Foreign Minister Sergei Lavrov said on Monday he was confident Moscow and Washington can reach a deal in talks this week on the withdrawal of all rebels from the eastern part of the Syrian city of Aleppo.He told a news conference once the deal was reached, rebels who stay in the besieged eastern part of the city will be treated as terrorists and Russia will […]

Submitted by Michael Shedlock via MishTalk.com, Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September. Weber warns Markets Unprepared for Central Bank Shifts. Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel Weber, chairman of UBS and the former […]

MILAN Ferrero, maker of Nutella chocolate spread, has appointed Jerome Gregoire, currently head of the company’s operations in Greece, Cyprus and Malta, as managing director at Delacre, the biscuit maker it has just bought from United Biscuits. Belgium-based Delacre said on Monday Ferrero had completed the acquisition of the Delacre and Delichoc biscuit brands from United Biscuits. Ferrero had made an offer in July to acquire the […]

Nissan Motor Co.’s Leaf, with no one inside, scoots during a demonstration of their Intelligent Vehicle Towing system at Nissan Oppama plant in Yokohama, near Tokyo Monday, Dec. 5, 2016. Nissan Motor Co. is testing out self-driving cars at one of its plants in Japan to tow vehicles on a trailer to the wharf for loading without anyone behind the steering wheel.(AP Photo/Koji Sasahara) Nissan Motor Co. […]

Doha News co-founder has said the news website is scaling back its operations for now as it tries to resolve issues with authorities over access to the website in the country. The website is still open to traffic outside of Qatar, but remains blocked internally. In a message on the website, Doha News co-founder Omar Chatriwala said there are possible issues with the website’s licensing that may […]

In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful what you say on the phone.” Aksar had just published Niger’s first exposé from the Panama Papers, the investigation based on a leak of documents […]

In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful what you say on the phone.” Aksar had just published Niger’s first exposé from the Panama Papers, the investigation based on a leak of documents […]

Boston Dynamics has already developed a robot that can maintain its balance in uneven terrain involving a four-legged robot called BigDog. Now, the company through a third-party technology has just achieved the same feat but this time it involves a humanoid robot. IHMC Algorithm The new development is attributed to an algorithm developed by the Institute for Human and Machine Cognition Robotics Lab in Florida, which allows humanoid […]

By Saif Hameed and Ulf Laessing | BAGHDAD/BARTELLA, Iraq BAGHDAD/BARTELLA, Iraq Islamic State fighters retreating in the face of a seven-week Iraqi military assault on their Mosul stronghold have hit back in the last two days, exploiting cloudy skies which hampered U.S.-led air support and highlighting the fragile army gains. In a series of counter-attacks since Friday night, the jihadist fighters struck elite Iraqi troops spearheading the […]

Beijing’s infamous smog spiked on Sunday despite draconian measures in surrounding cities to reduce persistent pollution during the winter in northern China. The thick layer of haze has become a political liability for the ruling Communist party and has driven China’s participation in the Paris climate accord to limit emissions of carbon and other greenhouse gases.  An air monitor index released by the US embassy in Beijing breached 600 […]

Dubai-based Careem, the app based car booking service, has announced that it is expanding operations into 15 more cities within the next few weeks, with Istanbul, Turkey the latest city to be added.  Initially, Careem will operate as an airport service in Turkey, available to customers going to and from the airport, in Mercedes VITO and Volkswagen car models.  Within the GCC, Careem said it is answering […]

Jakarta – Rescuers have recovered a body from the waters off Pulau Lingga, in the Riau Islands, near the crash site of a police transport aircraft that went down on Saturday (Dec 3) morning, said local police. Riau Islands police spokesman S. Erlangga, said in a statement issued at 11pm on Saturday local time, that the body was found by Basarnas, Indonesia’s national research and rescue agency, […]

Every year, Brazilian venture capital firm Monashees takes entrepreneurs from its portfolio companies on an overseas discovery tour. This year, instead of Silicon Valley, the firm headed to the Yangtze Valley, in a clear sign of a new front opening for Chinese investment in Latin America. China is seeking to expand lending and investment in Brazil and elsewhere on the continent, as it shifts from its traditional […]

03 December 2016 Gulf Navigation announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern […]

British Telecom (BT) has appointed a new general director for its operations in Brazil. Alex Inglês joined the company eight years ago and spent his four initial years working at the company’s London offices before returning to São Paulo. Prior to becoming the company’s main executive in Brazil, Inglês served as wholesale director for Latin America, leading BT’s business with telecommunications operators throughout the region. In London, […]

Dubai-based air services provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50 percent stake in its cargo and ground handling operations at Toronto Pearson International Airport. The unit of Emirates Group said the investment marks dnata’s first step into the Canadian market and is a “significant development in the company’s expansion into the Americas”, less than a year after announcing investments in […]

By Ahmed Rasheed | BAGHDAD BAGHDAD No food or fuel has reached Mosul in nearly a week and the onset of rain and cold weather threatens a tough winter for more than a million people still in Islamic State-held areas of the city, residents said on Saturday. Iraqi troops waging a six-week-old offensive against the militants controlling Mosul have advanced into eastern city districts, while other forces […]

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