INTERNATIONAL. Market price action dictates direction – traditional support levels were broken violently. Yesterday’s market was the most energised sell-off since 2008/2009. – The US dollar lead this crisis and will lead back up when the low is in – We have reached most of Steen Jakobsen’s technical targets and below is his primitive “expected” path from here (2015 low getting established) – We will see recession […]
INTERNATIONAL. OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil. Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and […]
The General Pension and Social Security Authority has issued a statement about amendments to retirement and pension laws in light of rumours circulating online. “Information is circulating online about the new pension laws taken from a link about the new law from our website,” the authority said on Wednesday. “This information contains an abbreviated explanation of the current law issued in 2007. We ask the general public […]
ABU DHABI // A company’s success lies in its diversity, the chief of Xerox told an audience at the Crown Pince’s Court ahead of Emirati Women’s Day. It is crucial for society to remove obstacles in the workforce that impede women, said Ursula Burns, chairman and CEO of Xerox. “Diversity is a driver of innovation. Gender, race and background give an eye to the world. Organisations succeed […]
ABU DHABI // A safety system that makes sure all pupils are accounted for has been installed on hundreds of school buses. Emirates Transport and Abu Dhabi Education Council said 1,300 vehicles had been fitted with the system, which counts the number of children getting on and off. It requires the driver to check each seat and triggers an alarm if anyone remains onboard. The new technology […]
BullseyeBore is a heads up display for your drill. The device mounts onto any drill & projects lasers onto your work surface helping you drill a straight hole every time. The lasers also generate visual cues to ensure you’re drilling deep enough but not too deep. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s […]
CAIRO — Saudi Arabia has arrested the accused mastermind of a 1996 bombing that killed 19 American airmen, a Saudi-owned pan-Arab newspaper reported on Wednesday, citing unnamed officials. The suspect, Ahmed al-Mughassil, was identified in an American federal indictment as a senior leader of an Iranian-backed Saudi militant group that sought to kill American military personnel in the Persian Gulf. The bombing destroyed an eight-story building in […]
Angry Birds products are displayed during a news conference in Hong Kong July 3, 2012. Reuters/Bobby Yip/Files HELSINKI Finland’s Rovio, maker of mobile phone game Angry Birds, forecast its earnings would fall for a third consecutive year and said it planned to slash up to 39 percent of its workforce to try to improve its prospects. Rovio has failed to create new hit games since the 2009 […]
BEIRUT, Lebanon — Islamic State militants have razed a fifth-century Roman Catholic monastery and blown up one of the best-preserved first-century temples in Palmyra, the ancient Syrian city that is one of the world’s most important archaeological sites, according to government officials and local activists. And that was just this past week — in one Syrian province. Much like the grinding slaughter of human beings, the ravaging […]
Iran has no plans to trade Jason Rezaian, the imprisoned Washington Post correspondent, for any Iranian citizens held by the United States, a Foreign Ministry official was quoted as saying Tuesday by Iran’s private Tasnim News Agency. The assertion, by Hassan Qashqavi, deputy foreign minister for consular, parliamentary and expatriates’ affairs, was a response to what he described as news media reports about such an exchange. “There […]
BEIRUT, Lebanon — The haplessness of the Lebanese government was evident on Tuesday when its attempts to contain a political crisis over festering garbage were thwarted on several fronts. After the Environment Ministry presented the cabinet with a set of bids for new garbage collection contracts, members of Hezbollah, the country’s most powerful political party, called them extravagantly high and “a farce” and walked out of the […]
Open Source By ROBERT MACKEY Lebanese officials might still be struggling to solve the trash crisis engulfing Beirut, but they seemed to acknowledge on Tuesday that blocking themselves off from protesters enraged by the stench behind a high concrete wall was not helping. The wall, a row of concrete slabs installed on Monday outside the office of Prime Minister Tammam Salam, was dismantled on Tuesday, but not […]
JERUSALEM — Israel began releasing hundreds of African migrants and asylum seekers from a detention center in the southern Negev desert on Tuesday, in line with a recent Supreme Court ruling that reduced the time they could be held there to 12 months from 20 months. Sivan Weizman, a spokeswoman for the Israel Prison Service, said that 1,178 of the 1,750 people being held in the center […]
Online home-rental marketplace Airbnb Inc said on Tuesday it would begin collecting and remitting tourist taxes from guests on behalf of rental apartments in Paris. Airbnb, whose most popular city is Paris with more than 50,000 listings, said it would collect 0.83 euro ($0.95) per person per night for reservations made in Paris on or after Oct. 1. (bit.ly/1fEaxfZ) The company, which matches people wishing to rent […]
The Amazon.com, Inc. logo is seen on the side of a delivery truck in Brooklyn, New York October 23, 2014. Reuters/Brendan McDermid SAN FRANCISCO Amazon.com Inc (AMZN.O) said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now. The online retailer is expanding Prime Now, its one- and two-hour service, to […]
A photo illustration shows the Ashley Madison app displayed on a smartphone in Toronto, August 20, 2015. Reuters/Mark Blinch Infidelity website Ashley Madison and its parent company have been sued in federal court in California by a man who claims that the companies failed to adequately protect clients’ personal and financial information from theft, saying he suffered emotional distress. The lawsuit, filed in U.S. District Court in […]
UAE. The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte’s latest report “Global CFO Signals: CFO Sentiment Q2 2015 – Staying focused; remaining vigilant”. With oil at US$53 a barrel at the time of the survey, CFO optimism fell to one of its lowest levels in recent years, with only a net 26% across the Middle East […]
UAE. The MENA Region is all set to become a global logistics hub in the next few years, an Al Masah Capital Limited Report on “Transportation & Logistics in MENA” has revealed, which experts believe will be driven by the emergence of the MENA-Asia trade corridor that will redefine global supply chains. Notably in 2013, India and China ranked as top merchandise export and import destinations for MENA […]
UAE. Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA (the Institute of Management Accountants). The slight optimism was due to a temporary reprieve in […]
Based in sub-Saharan Africa, Oliberté works with African craftsman for the creation of their original, handmade, & Fair-Trade leather footwear. They’re also making gear bags and packs. The Tan Pullup pack is made entirely of Ethiopian leather & features a top-load design with internal pockets, a reinforced bottom, & a 15” laptop sleeve. This entry passed through the Full-Text RSS service – if this is your content […]
Aden // Residents of Aden are slowly getting their lives back on track thanks to thousands of tonnes of UAE aid being distributed across the city. The historic port was left ravaged after it was attacked and occupied by Houthi rebels from northern Yemen. Many from Aden fled to other parts of the country or overseas to escape the fighting. Those that remained have faced a breakdown […]
ABU DHABI // Women who have overcome prejudice to pursue successful careers in the aviation industry have spoken of the challenges they faced. The Etihad Airways event, organised ahead of Emirati Women’s Day on Friday, heard from a panel of women who work for the company. The airline employs 1,269 female Emiratis, who make up 49 per cent of Emiratis in the company and 37 per cent […]
In a widely watched terrorism lawsuit that drew the attention of the Obama administration, a federal judge in Manhattan ruled on Monday that the Palestinian Authority would have to post $10 million and an additional $1 million monthly to appeal a huge damages award for its role in six terrorist attacks in Israel that had killed and injured Americans. The bond amount was much lower than lawyers […]
ABU DHABI // Candidates for the Federal National Council have told of their reasons for stepping forward, as the objection process for the elections began on Monday. Sheikh Musallam Salem bin Ham Al Ameri said the people of his emirate had asked him to nominate himself. “The idea was crossing my mind, but when the people asked me to run I was happy to,” said Sheikh Al […]
