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Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]

Arts & Culture

Some of the region’s leading female filmmaking talent gathered at the film and TV industry trade show Cabsat at Dubai World Trade Centre last week to talk about their careers and the challenges they face. They were assembled by ­Japanese camera ­manufacturer Canon to help promote the local launch of its new C700 ­cinecamera. Encouragingly, none of those we spoke to felt they had been passed over […]

Investing

Authored by Giulio Meotti via The Gatestone Institute, British multiculturalists are feeding Islamic fundamentalism. Muslims do not need to become the majority in the UK; they just need gradually to Islamize the most important cities. The change is already taking place. British personalities keep opening the door to introducing Islamic sharia law. One of the leading British judges, Sir James Munby, said that Christianity no longer influences […]

Middle East

Britain has apologised after an egg was thrown at a Saudi military official during a visit to London, Saudi state media said Sunday. An anti-war activist last week attempted a citizen’s arrest of General Ahmed Assiri, spokesman for the Saudi-led Gulf coalition fighting rebels in Yemen, before another threw an egg that hit Assiri in the back. British Foreign Secretary Boris Johnson called Deputy Crown Prince Mohammed […]

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Middle East

ABU DHABI // Abu Dhabi has pushed ahead with a construction programme that began before crude prices slumped in 2014. From a branch of the Louvre museum in Paris, a new airport terminal and a nuclear power plant, here are the 10 biggest projects under way in the emirate. With a combined value of Dh134 billion they are expected to be completed by 2020, according to a […]

Companies

Kuwait City, April 1st 2017: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, acted as the acquisition advisor to Qurain Petrochemical Industries Company KSCP (“QPIC”) on the acquisition of 20.5% of National Petroleum Services Company KSCP (“NAPESCO”). The transaction has been successfully completed throughout multiple stages that was initiated in the third quarter of 2016 and finalized in March […]

Middle East

Ecommerce platform MallfortheWorld has announced that consumers in the UAE, Saudi Arabia and Qatar will now have access to more than 150 of US retailers through its app, marking its first foray into the Middle East.  MallfortheWorld said in a statement that its cross platform app, with both desktop and mobile versions available, will launch in other Gulf countries by the end of the year. The website […]

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Arts & Culture

Your daily guide to community and cultural activities across the Emirates for April 2, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi #YearofGiving Donate pre-loved […]

Middle East

Saudi Arabia’s gross domestic product, adjusted for inflation, grew 1.2 percent from a year earlier in the fourth quarter of 2016, official data has showed. The rate of growth increased compared with 0.9 percent in the third quarter, which was the slowest rate in over three years, according to preliminary data from the country’s Central Department of Statistics showed. They also showed that the Q4 GDP growth […]

Companies

Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017: For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & […]

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Middle East

DUBAI // Three men were sentences to life for possessing almost four million illegal amphetamine tablets. On July 12 of last year, a 43-year-old from Saudi Arabia and two Syrians were arrested by Dubai Police’s anti-narcotics department in a sting operation after the authorities were tipped off that the men possessed a large quantity of drugs. “We received information that the Saudi man was part of a […]

Companies

01 April 2017 Kuwait: Kuwait Finance House (KFH) has introduced a foreign currencies ATM machine at the airport branch in collaboration with K-Net in efforts to meet customers’ aspirations by offering them the best banking services and the most convenient banking experience as per highest standards of quality. “This ATM enables KFH and non-KFH customers to withdraw up to 4 different currencies; Dollar, Euro, Dirham and Riyal […]

Middle East

FUJAIRAH // Sheikh Mohammed bin Rashid offered his condolences to Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, on the death of the emirate’s Deputy Ruler. The Vice President and Ruler of Dubai visited the majlis at Al Remailah Palace in Fujairah, where he was also met by Sheikh Mohammed bin Hamad, Crown Prince of Fujairah, and the sons of the late Sheikh Hamad bin Saif […]

World

By Antoni Slodkowski | YANGON YANGON The leader of a Rohingya Muslim insurgency against Myanmar’s security forces said on Friday his group would keep fighting “even if a million die” unless the country’s leader, Aung San Suu Kyi, took action to protect the religious minority. Attacks on Myanmar border guard posts in October last year by a previously unknown insurgent group ignited the biggest crisis of Suu […]

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Markets

The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]

What's On

With Adam Rawnsley   Looking for a deal. Michael Flynn, President Donald Trump’s former national security adviser, has offered to be interviewed by the FBI and House and Senate investigators examining the Trump campaign’s potential ties to Russia, in exchange for immunity from prosecution, “but has so far found no takers,” according to the Wall Street Journal. In a statement on Thursday evening, Flynn’s lawyer Robert Kelner, […]

Middle East

Government led investment is driving a surge in domestic tourism across Saudi Arabia – with experts predicting a 40 percent surge in the number of internal trips made between 2015 and 2020. The Euromonitor International Tourism Forecast report, prepared ahead of The Hotel Show Saudi Arabia 2017, has revealed record levels of domestic travel within the kingdom. Following the announcement of Saudi Vision 2030 – the country’s […]

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Politics

BEIRUT/ANKARA: More than 5 million Syrians are now refugees, the UN said Thursday, as aid groups urged the international community to end the country’s six-year war and provide more assistance.The new figures mean around a quarter of Syria’s population has fled since the March 2011 start of a conflict that has killed over 320,000 people.The UN refugee agency UNHCR urged more international assistance, with spokeswoman Cecile Pouilly […]

Biz Tech

Any sufficiently advanced parody is indistinguishable from reality. That’s an extreme paraphrase of Poe’s Law, but it applies to so much of our world today. Including the management of Twitter. On Thursday, Twitter announced more changes to the way it works. Soon after, an image started circulating which supposedly explained these changes. And it was so confusing. “Replies now part of Timeline. Timeline and TimelLine are now […]

Newsbox

But it was not immediately clear whether the approval of the new settlement was meant to be a provocative move to scuttle the prospect of a revival of peace talks. Mr. Netanyahu said he was following through on a pledge he made a few weeks ago to 40 settler families who were evacuated from the illegal Amona outpost in the West Bank. That outpost was removed by […]

Middle East

Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world’s largest equity sale, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been appointed independent financial advisers, one source said. The company has also appointed Saudi Arabia’s NCB Capital and Samba Capital […]

Newsbox

The State Department on Wednesday notified Congress of its intent to proceed with the sale without the conditions, according to Micah Johnson, a spokeswoman for the Senate Foreign Relations Committee. Congress now has two review periods to examine the sale and raise any objections. Continue reading the main story Mr. Tillerson will attend his first meeting of NATO on Friday in Brussels, where he may run into […]

Middle East

Filthy rich and already boast enough glass slippers to win a dozen princes? Italian shoemaker Antonio Vietri has the thing for you: 24-carat gold shoes. Vietri, from Turin in northern Italy, hopes to attract shoppers from wealthy Gulf countries with his blue or black suede moccasins with stitched gold-plated uppers. “These are the first shoes in the world in 24-carat gold,” he told AFP. “The particularity of […]

Newsbox

“We recognized the nature of the fight was going to change and that we had to ensure that authorities were down to the right level and that we empowered the on-scene commander,” General Votel said. He was speaking specifically about discussions that he said began in November about how the fights in Syria and Iraq against the Islamic State were reaching critical phases in Mosul and Raqqa. […]

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