By Jessica Resnick-Ault and Lewis Krauskopf | NEW YORK NEW YORK The energy sector is the stock market’s dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices. Energy outdid all other sectors last year, up nearly 24 percent thanks to a late-year rally on […]
A fiber optic undersea link connecting Angola’s capital Luanda to the Brazilian city of Fortaleza is reported to be about 50 percent complete, with operations set to begin later this year. With more than 6,200 kilometers in length, SACS (South Atlantic Cable System) system will be the first fiber optic cable to connect Africa to the Americas via the South Atlantic sea. According to Angola Cables, the […]
Photo American armored forces patrol on Friday near Manbij in northern Syria. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — The United States has increased its forces near the northern Syrian town of Manbij as concerns have grown that fighting could erupt among the complex array of militias and Syrian and Turkish troops who are operating on the crowded battlefield near there. Photographs of American troops […]
Bait Al Kandora, the Dubai-based menswear clothing designer, has announced an agreement with HBS Investment to sell it a 25 percent stake, thus becoming the second largest shareholder. The agreement comes after Bait Al Kandora opened four branches in the city and plans to expand further, a statement said. HBS Investment is supported by Al Shamsi Holdings which was established in 2000, and focuses on fashion retail […]
Dubai Holding, the global investment holding company, has signed an agreement with Dubai Municipality to develop the largest public park in the emirate. Stretching across an area of 1,430,000 sq m in Dubailand, the park will act as a “new destination for residents and tourists and provide a vibrant, natural environment, encouraging individuals to lead a healthy and active lifestyle”, a statement said. It added that when […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what have you heard more often: “Fox & Friends” shilling for President Trump or sophisticated people confiding their real reason for reading The New Yorker is the cartoons? Ah, if only Bob Mankoff had long ago negotiated some piece […]
PARIS/LONDON France’s PSA Group (PEUP.PA) is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday it would hold an early Monday press conference with GM, at which the transaction is expected to be […]
LONDON Britain’s foreign minister Boris Johnson will go to Moscow in the coming weeks to discuss the differences between the two countries over Syria and Ukraine, the Foreign Office said on Saturday, in the first such visit for five years. Britain backed sanctions against Russia in response to its annexation of Crimea in 2014, and the countries have clashed on other issues, including Russia’s support for Syrian […]
KUALA LUMPUR Families of passengers on board missing Malaysia Airlines flight MH370 on Saturday launched a campaign to privately fund a search for the aircraft. Flight MH370, carrying 239 people, went missing on its way from Kuala Lumpur to Beijing, nearly three years ago, on March 8, 2014. Australia, Malaysia, and China jointly called off a two-year underwater search for the aircraft in January. Grace Nathan, a […]
Photo Syrians in the rebel-held town of Douma, on the eastern outskirts of the capital, Damascus, last week. Credit Abd Doumany/Agence France-Presse — Getty Images The top United Nations diplomat working to resolve the civil war in Syria reported some progress Friday after nearly 10 days of talks, saying both sides finally had agreed on what he described as a “clear agenda” for further negotiations. The diplomat, […]
3 March 2017, Dubai Safwa Marine, Abu Dhabi Ship Building’s arm dedicated for yacht sales, service and management, has announced a partnership with Dutch marine communications specialist Radio Holland, on the sidelines of the Dubai International Boat Show. Under the terms of the partnership, the two companies will offer yacht and leisure boat owners in the Middle East a one-stop-shop solution for all their retrofit, overhauling and […]
Beijing is banning Chinese tour groups from visiting South Korea, the latest retaliation against the planned Korean deployment of the US-built Thaad missile shield, according to two people with knowledge of the plans. Wang Ki-young, a director at South Korea’s culture ministry, said on Friday that Chinese authorities had ordered tourism agencies in Beijing to halt tours to South Korea from mid-March. Mr Wang said the move […]
There was no mistaking the arrival of King Salman Abdulaziz Al-Saud of Saudi Arabia and his entourage in Malaysia on Sunday morning. Traffic stood still for 30 minutes as we waited for the 600-strong royal party to make their way from the airport to the centre of Kuala Lumpur — a near-endless stream of limos, lorries, outliers and ambulances, sirens screaming. This is King Salman’s first trip […]
People take part in a protest against corruption in Lima, Peru after a scandal involving bribes Brazil’s Odebrecht distributed in Peru, February 16, 2017 (Guadalupe Pardo/Reuters). A wave of corruption scandals has roiled Latin America in recent years, from Chile’s campaign finance affairs, through Mexico’s Casa Blanca revelations. Most recently, the information divulged in the December Odebrecht settlement has sent a shudder of fear across regional politics […]
Australia is concerned about the South China Sea; all Indonesia wants to talk about is economics. By Leo Suryadinata and Mustafa Izzuddin for The Diplomat March 03, 2017 Prior to Indonesian President Joko “Jokowi” Widodo’s maiden visit to Australia on February 25-26, The Australian – a conservative-leaning paper in Australia – published its exclusive interview with Jokowi on February 24. Jokowi was reported as saying that he […]
WASHINGTON The U.S. House of Representatives intelligence committee will investigate allegations of collusion between Donald Trump’s presidential campaign and Russia, the top Democrat on the panel said on Wednesday. “We have reached a written agreement, the minority and the majority in the House intelligence committee, that we will investigate allegations of Russian collusion with the Trump campaign,” Democratic Representative Adam Schiff said on MSNBC. U.S. intelligence analysts […]
TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]
In 2011, the Kabul foreign press corps numbered 85, by the reckoning of Dominic Medley, who has worked here for many years as a press officer for NATO, the American military and the United Nations. The American military was surging, reaching more than 100,000 troops by 2012. The press surged as well, with regular visitors in addition to the resident press corps, plus dozens of reporters going […]
A security officer wraps the recovered bodies of a couple who were brutally murdered by separatists in Songkhla to get their pickup truck and rig it as a car bomb. (Photo by Assawin Pakkawan) A network of Buddhists in the far South has called for a relaxation of special security laws in the insurgency-plagued region following an agreement between the government and insurgent groups to create safety […]
American rapper Silento has been been banned from leaving the UAE after failing to appear at two concerts for which he was contracted. Al Ain Civil Court imposed the travel ban on February 20 after the Alabama-born rapper, a Soul Train Music Award winner best known for his single Watch Me (Whip/Nae Nae), failed to appear at the concerts in Abu Dhabi and Al Ain last month. […]
VILNIUS German Foreign Minister Sigmar Gabriel said on Wednesday there had hardly been any progress in implementing the Minsk peace agreement for eastern Ukraine, which meant no lifting of sanctions against Russia was in sight. Speaking during a joint news conference with Lithuanian Foreign Minister Linas Linkevicius, Gabriel also said he opposed any move to return the European Union to being just a single market. EU chief […]
A contract arranged at the top According to the investigators’ notes, Wilson wasn’t pressed further by the labs to detail her work because her contract had been blessed by the labs’ top officials. At the time, Los Alamos was reeling from a $300 million budget cut handed down by the Congress that Wilson had just left, a contracting official told investigators during an interview on Oct. 11, […]
MANILA Philippines President Rodrigo Duterte has signed the Paris Agreement on Climate Change restricting greenhouse gas emissions, putting the deal one step closer to ratification in the country, a senator said on Wednesday. The agreement, which came into force on November 4, aims to transform the world’s fossil-fuel-driven economy within decades and slow the pace of a global temperature increase to “well below” 2 degrees Celsius. Manila […]
Schon Properties transferred 2.33 million square feet of development at Dubai Lagoon to Xanadu Real Estate Development LLC, it was announced today. The move is part of the overall development of the Dh7 billion master-planned mixed-use project. The agreement involves the development of three phases of Dubai Lagoon, including Rowan, Lilly and, Winterberry developments. Dubai Lagoon will now be developed by Xanadu Real Estate Development, a Dubai-based […]
