Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
Syrian rebel leaders are in secret talks with Russia to end the fighting in Aleppo, according to opposition figures, a development that shows how the US could become sidelined in some of the Middle East’s most pivotal conflicts. Four opposition members from rebel-held northern Syria told the Financial Times that Turkey has been brokering talks in Ankara with Moscow, whose military intervention last year on the side […]
NEW DELHI–When top American naval engineers recently inspected India’s first locally made aircraft carrier they expected to find a near battle-ready ship set to help counter China’s growing sway in the Indian Ocean. Instead, they discovered the carrier wouldn’t be operational for up to a decade and other shortcomings: no small missile system to defend itself, a limited ability to launch sorties and no defined strategy for […]
To our complete shock, the Government Accountability Office has released a report blasting the Education Department’s understanding of basic mathematics and accounting concepts after finding the department drastically underestimated the costs of Obama’s student loan forgiveness programs. The 100-page report entitled “Federal Student Loans: Education Needs to Improve Its Income Driven Repayment Plan Budget Estimates” found that taxpayers could be on the hook for $137BN of student […]
Malware dubbed Gooligan targets devices running Android 4.0 and 5.0, which represent nearly 74 percent of mobile devices using the Google-powered operating system Malicious software designed to attack Android smartphones has breached the accounts of more than a million Google users, security researchers said Wednesday. The report by Check Point Software Technologies said the malware dubbed Gooligan targets devices running Android 4.0 and 5.0, which represent nearly […]
Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]
30 November 2016 Dubai: Emirates NBD, a leading bank in the region, was named ‘Banking and Finance Company of the Year’ at the prestigious Arabian Business Achievement Awards held yesterday (Monday, November 28, 2016). The bank was recognised for its pioneering efforts toward the digitisation of banking as well as its resilient performance in the past year. The Arabian Business Achievement Awards are adjudicated by an independent judging […]
November 30, 2016 by: Anjli Raval and David Sheppard — Vienna What is happening?Opec oil ministers from the 14-member producer group start their official meeting around 10am (GMT) on Wednesday in Vienna as they attempt to secure the first supply deal in eight years. Meetings traditionally last for between two and eight hours, but trying to predict the duration of such a gathering is near impossible. Oil […]
Photo Mahmoud Abbas, third from right, the Palestinian Authority president, at a Fatah party conference on Tuesday in Ramallah, West Bank. Credit Presidential Office, via Reuters RAMALLAH, West Bank — Under fire at home and abroad, President Mahmoud Abbas of the Palestinian Authority moved on Tuesday to solidify his decade-long hold on power with a party conference that had already been purged of most of his opponents. […]
Identity and access management is on the cusp of changes that will help define its overall role in enterprise security, adapt it to meet new access requirements, and combine it with security tools to form protection that extends to devices, cloud services and customer identification. This evolution was outlined Tuesday during the opening keynote at the Gartner Identity and Access Management Summit in Las Vegas. “The undercurrent […]
Beijing is launching an investigation into alleged corrupt dealings by the spouses and children of officials in the city’s municipal government, in a pointed reminder to more powerful residents of the city to rein in their relatives’ behaviour. An audit of their assets would take place next year and on a rotating basis in subsequent years, the official Xinhua news agency said on Monday night. Like London […]
For six and a half years, Donald Trump battled fraud allegations against his now-defunct Trump University, claiming it duped students into thinking they’d get personal access to the real estate mogul and the secrets to his success. After both sides vowed to go to trial, the litigation settled for $25 million the week before Thanksgiving, days before a trial was set to begin in San Diego. As part of the […]
Al Wadei: The rules of the E-Commerce game have changed after the introduction of “noon.com” 29 November 2016 E commerce expert, Dr Sadeq Al-Wadei, revealed that after the inauguration of noon.com in January 2017, it would utterly change E-Commerce platforms as we know them whilst emphasizing on the fact that it would entirely change this trade in Saudi Arabia over the coming few years. In addition, it […]
Government Communications Headquarters, the UK signals intelligence agency, in Cheltenham, United Kingdom. (UK Ministry of Defence). Alex Grigsby is the assistant director for the Digital and Cyberspace Policy program at the Council on Foreign Relations. Two weeks ago, with much fanfare, the United Kingdom released a new strategy that sets out UK government’s approach to improving the country’s cybersecurity over the next five years. It follows the UK’s previous […]
An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]
November 29, 2016 The UAE Banks Federation, the professional body representing 49 banks in the UAE, hosted today (Tuesday, November 29, 2016) its 4th CEOs Advisory Council Meeting in Dubai. The meeting provided an engaging platform to assess UBF’s progress in developing a unified approach to customer complaints, discussed the industry’s preparedness in cyber-security domain and reviewed latest developments in the sector. Speaking on the sidelines of […]
Hewlett Packard Enterprise (HPE) has demonstrated its memory-driven computing architecture The Machine, bringing its vision for the future of computing closer to fruition. The idea behind the project, which has been running for five years, is to combine memory-driven computing, photonics, and a new fabric that can together deal with vast amounts of data. The working components that HPE showcased included compute nodes that share a pool […]
Vocus Communications has said it will be investing more in data analytics and digitising its customer service processes over the next year in order to continue competing in the telecommunications landscape. “This year, we have decided to invest in our data analytics capability, taking advantage of the forced shift from copper to fibre occurring over the next few years in both Australia and New Zealand,” Vocus chair […]
“Putin looks tough and wily, while America looks incompetent and unable to sustain its commitment, and that’s a big win because you have a lot of countries in the region which are re-evaluating their relationships,” Mr. Hokayem said. “Now, Russia is a relatively weaker power to the U.S., but with Trump there’s no expectation that the U.S. will serve as a guarantor of regional security, so Russia […]
A new viral dance video craze based on gospel singer Shirley Caesar’s classic song “Hold My Mule” has swept the nation, with countless web users posting their own dance moves to the food driven remix sampling the track. Caesar has stated that although she’s not a fan of the twerking moves that some posters are improvising to her song, she considers the movement a blessing, and sure […]
16.6MW of new solar power generation capacity doubles UAE’s total contribution to Mauritania’s clean energy output Abu Dhabi, UAE, 29 November 2016 Eight new rural solar energy projects have been completed, and are now operational, across the Islamic Republic of Mauritania, in western North Africa, doubling the UAE’s total contribution to the country’s clean energy capacity to 31.6 megawatts (MW). Delivered by Masdar, the Abu Dhabi Future […]
The persistent notion that Mr. Castro’s fastball had made him a potential big league prospect has long been debunked by historians. By many accounts, his primary sport as a schoolboy was basketball. He was tall, at 6-foot-2 or 6-foot-3, and he told the biographer Tad Szulc that the anticipation, speed and dexterity required for basketball most approximated the skills needed for revolution. Yet it was primarily baseball, […]
Dubai’s state-owned utility firm has signed a power purchase agreement with Abu Dubai Future Energy Company, better known as Masdar, for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. Dubai Electricity and Water Authority (DEWA) said the agreement was signed by Saeed Mohammed Al Tayer, managing director andCEO of DEWA, and Dr Sultan Ahmed Al Jaber, UAE Minister of State and chairman […]
DUBAI // The Awqaf and Minors Affairs Foundation has donated Dh1 million to the National Awqaf Foundation of Canada to help spread the teachings of Islam in Canada. The contribution, honouring the will of late foundation donor Ahmed Baghlaf, was divided into three parts: Dh500,000 for building schools that teach moderate Islamic values and principles; Dh250,000 to promote Islamic Da’wah; and Dh250,000 to support preachers. “These efforts […]
