|By TAP Staff| Etihad has formally submitted a document to the United States government rebutting allegations by U.S. carriers that it receives unfair subsidies. The airline announced the filing Tuesday. It is the airline’s most comprehensive response yet to American carriers’ effort to pressure Washington to renegotiate agreements that allow airlines from Qatar and the UAE to fly to the U.S. U.S. airlines have criticized Etihad and […]
By ANNE BARNARD June 2, 2015 ISTANBUL, Turkey — Syrian insurgents rushed reinforcements into combat on Tuesday against rival Islamic State militants who have seized crucial territory near the northern city of Aleppo in recent days, building on the momentum the group has achieved in other battlefield successes in Syria and Iraq. Amid increased fears that Aleppo could be the next big prize to fall to the Islamic State […]
Shreyas Shipping & Logistics, part of Dubai headquartered global conglomerate Transworld Group, posted impressive results for last year. For the financial year ended 31st March, 2015, Shreyas posted a consolidated turnover of Rs.5.45.billion as against Rs.4.87 billion for the year ended 31st March, last year. Profit After Tax was recorded at Rs.617.5 million, compared to a loss of Rs.43.2 million last year. This is the company’s best ever performance till […]
NORWICH, UK // A former UAE teacher has published a book on Islamic art for children that she hopes will help to improve perceptions of the Muslim world. Mary Beardwood spent six years researching and writing Discovering Islamic Art, the second book she has written about the culture and traditions of the region. A retired teacher who worked at Jebel Ali Primary School, Rashid School for Boys […]
By JODI RUDOREN May 31, 2015 JERUSALEM — Prime Minister Benjamin Netanyahu of Israel said on Sunday that his country faces “an international campaign to blacken its name” based not on his policies toward the Palestinians but “connected to our very existence,” likening the mounting boycott movement to anti-Semitic “libels” of earlier eras. Speaking to his cabinet after Israel’s successful diplomatic blitz to block a Palestinian bid to suspend […]
Mohammed Soltan is pushed by his father during a court appearance in Cairo on March 9. By KAREEM FAHIM May 30, 2015 CAIRO — Mohamed Soltan, an American citizen who spent nearly two years in an Egyptian prison on charges that he supported an Islamist protest, has been released by the Egyptian authorities and flew back to the United States on Saturday, his family said in a statement. Mr. […]
UAE. The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a debate organised by ICAEW’s Corporate Finance Faculty in the UAE. ICAEW members and guests gathered at Jumeirah Emirates Towers in Dubai last week (Wednesday, 20th May) to discuss private equity in the region. The event, sponsored by Merrill […]
UAE. Fifty-seven percent of global financial services executives believe regulation has enabled growth of their business, according to the results of Deloitte’s Staying Ahead of the Pack survey. In addition, half of executives expect much more regulation in the near future, with 69 percent feeling prepared for it. The survey of 200 executives at banking, securities, insurance and investment management firms around the world was conducted to […]
ABU DHABI // Lunar pioneer Buzz Aldrin, the second man to walk on the Moon, shared his space journey and excitement for the UAE Mars mission during a lecture at Al Bateen palace on Wednesday. The former Nasa astronaut addressed an audience of dignitaries and industry leaders who included Sheikh Nahyan bin Mubarak, Minister for Culture, Youth and Community Development, Sheikh Hamed bin Zayed, Chairman of the […]
ABU DHABI // The Mohammed bin Rashid Space Centre will send students to American universities this summer as part of the UAE’s Mars Mission Hope. They will undergo an intensive programme in space sciences at the University of California, Berkeley, and the University of Colorado Boulder that will help them along a career path as Emirati scientists and engineers. “We don’t have a proper career path for […]
Video | Reporter’s Brother on Iran Spying Trial Ali Rezaian — the brother of Jason Rezaian, a reporter for The Washington Post — spoke on Tuesday as his brother’s trial on espionage charges began in Iran. By THOMAS ERDBRINK May 26, 2015 Jason Rezaian, the Washington Post correspondent accused by Iran of espionage who has been imprisoned for more than 10 months, went on trial in a Tehran courtroom […]
|By K Raveendran| Samena Capital, which recently completed the purchase of UAE’s global ceramics leader RAK Ceramics, has acquired a significant stake in London-based private banking and corporate advisory Kleinwort Benson Bank. (KBBL) The transaction opens up the possibility of the bank establishing a new global merchant banking operation in Dubai to offer advisory services for corporate in the region. The transaction is expected to close by […]
By RICK GLADSTONE May 25, 2015 Ignoring foreign requests for court access, the Iranian judge presiding over the espionage case against Jason Rezaian, the Washington Post reporter imprisoned for 10 months, has barred everyone except the defendant and his lawyer, Mr. Rezaian’s brother said Monday on the eve of the trial. Not even Mr. Rezaian’s mother and wife, who as of last week had been led to believe they […]
Guards stand near an entrance to Alibaba’s headquarters in Hangzhou, Zhejiang province, China, May 18, 2015. Reuters/John Ruwitch PUTIAN, China Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is […]
SYRIA. Islamic State fighters tightened their grip on the historic Syrian city of Palmyra on Thursday and overran Iraqi government defenses east of Ramadi, the provincial capital that they seized five days earlier. The twin successes not only pile pressure on Damascus and Baghdad but throw doubt on a U.S. strategy of relying almost exclusively on air strikes to support the fight against Islamic State. U.S. and […]
By TAP Staff|Arcapita, the global investment management firm, announcedthe completion of the sale of J.Jill Group Inc., a leading US-based multi-channel retailer of women’s apparel, accessories and footwear, to TowerBrook Capital Partners L.P., a New York and London-based investment management firm. The parties did not disclose the transaction value. Originally founded in 1959 and headquartered in Quincy, Massachusetts, J.Jill provides inspired styles to its loyal customer through […]
An anonymous painting of Turkish Emperor Mahmud II leading his troops. By DAVID MOTADEL May 23, 2015 CAMBRIDGE, England — THE last several months have brought a dramatic escalation in conflict across the Middle East, almost all of it involving tensions between Sunni and Shiite Muslims — which are in turn fueled by a power struggle between Shiite Iran and Sunni Saudi Arabia for regional supremacy. Tehran runs a […]
UAE. A new study reveals that Corporate Social Responsibility (CSR) programs can significantly increase UAE companies’ performance and recognition. The research, commissioned by the social enterprise Consult and Coach for a Cause (C3) and conducted by the global market research company YouGov, presented today at the CSR Summit in Dubai, shows that around three-quarters of residents are more likely to purchase from companies that actively contribute to […]
UAE. Landmark real estate regulatory changes including the UAE-wide Federal Mortgage Cap and Dubai’s doubling of Property Registration Fees last year, which was aimed at curbing speculative activity, have together gradually and successfully contained a market that was in danger of overheating with the level of transactional activity now dramatically reduced, according to latest research released by international real estate consultancy Cluttons. Cluttons Spring 2015 Dubai Residential […]
Slide Show | The Ancient Syrian City of Palmyra Islamic State militants have destroyed historical sites and sold off artifacts in other cities, and some fear they may do the same in Palmyra. By ANNE BARNARD and HWAIDA SAAD May 20, 2015 BEIRUT, Lebanon — Islamic State militants swept into the historic desert city of Palmyra in central Syria on Wednesday, and by evening were in control of it, residents and […]
Market research firm Gartner Inc. on Thursday estimated that 7.3 million Chromebooks would be sold this year, fueled mostly by demand from the education industry. Gartner said its sales estimate was an increase of 27 percent from 2014, when the education industry accounted for 72 percent of sales. Chromebooks, the computers powered by Google’s Chrome operating system, are designed to be used primarily to access the Internet […]
Candylabs Toys is a Kickstarter success story. They make solid wood toy cars, inspired by classic 60s cars and mid-century design. Their latest collection includes 5 new vehicles: a pair of fastback muscle cars, a tow truck, a yellow taxicab, and a woody wagon with real walnut veneer and a tow-behind camper. They’re so cool your kids might even play with them. This entry passed through the […]
|Special byTAP Staff|Abu Dhabi-based Aabar Investments is expected to reap rich dividends from its involvement with Mongolia’s coal industry in the wake of a landmark mining deal concluded recently. Aabar Investments has been the largest UAE investor in Mongolia since 2011 through its investment into Gobi Coal & Energy Ltd, which has been credited with the discovery of the massive Oyu Tolgoi project. Its two main projects, […]
Photo Leah Pfeiffer, left, a student at the Culinary Institute of America, and Chuck Yu, a West Point cadet, cooking in a C.I.A. kitchen in October 2013.Credit Mike Groll for The New York Times We are hard pressed to think of many world-class liberal arts colleges with entire student bodies ambitiously studying and training toward a single profession – and in uniforms that are far from Vassar’s […]
