Dubai Opera will host the 2017 Professional Squash Association (PSA) Dubai World Series Finals in June, the first sporting event to be staged at the cultural arena. The PSA Dubai World Series Finals tournament is the pinnacle of the international squash season and sees the world’s top eight male and female ranked players compete to determine who will lift the final title of the 2016/17 season, and […]
“We will spend what we need to spend to get this job done,” former prime minister Tony Abbott declared in March 2014, shortly after the multi-country effort to find recently downed Malaysia Airlines flight MH370. When do you give up on a mystery? The torturous MH370 question Anguish in Beijing as relatives learn MH370 has gone missing on March 9, 2014. Photo: Feng Li/Getty Danica Weeks, whose […]
Beware the delusions of an aggravated man. Of all the fantasies perpetrated in Donald Trump’s joyless rant of an inaugural speech, none was more preposterous than the self-casting of the man in the golden elevator as Defender of the People. The president’s crusade for Joe and Jane Sixpack will commence with an immense tax cut for the rich and, should Family Sixpack have any pre-existing health problems […]
MEXICO CITY Mexican presidential hopeful Andres Manuel Lopez Obrador plans to tour major U.S. cities in February, just as the current government embarks on negotiations with President Donald Trump that could determine the country’s economic future. “Enough of being passive,” Lopez Obrador’s leftist Morena party said in a statement. “We should put a national emergency plan in place to face the damage and reverse the protectionist policies […]
The sequel to the award-winning documentary An Inconvenient Truth was finally premiered at the Sundance Film Festival after its announcement in December 2016. The followup to the 2006 documentary was accepted with a standing ovation, and followed by rave reviews. Though the screening at the film festival is limited, An Inconvenient Sequel: Truth To Power is scheduled for a July 28 theater premiere. We may have to wait […]
While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]
Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]
NEW DELHI // The first “strategic dialogue” between the UAE and India was held yesterday, days ahead of the state visit of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. Sheikh Mohammed will arrive on Tuesday for a three-day visit, where he will be the chief guest at India’s 2017 republic day celebrations from January 24 to 26. […]
Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
Half a dozen Premier League clubs had watched Burns at Southend. And the practice of investing so much money in so much raw talent is hardly a recent development: Raheem Sterling was 15 when he joined Liverpool from Queens Park Rangers for £500,000 in 2010, and Jordon Ibe, then 16, made the same journey from Wycombe Wanderers two years later. What has changed, though, is not just […]
Apple on Friday filed a suit against Qualcomm, accusing the chipmaker of withholding contractual payments it owed in retaliation for Apple’s cooperation with South Korean regulatory investigators. The suit also charges Qualcomm “attempting to extort” the Cupertino company into obstructing the investigation. From the suit, filed in federal district court in the Southern District of California: Among Apple’s damages are nearly $1 billion that Qualcomm owes to […]
NEW DELHI: India and 29 countries discussed their findings on investigations arising from the Panama Papers, including the role of tax intermediaries such as financial institutions and advisers in tax evasion. The two-day meeting of the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) in Paris saw revenue authorities of 30 countries sharing their best practices and information based on legal instruments under the tax treaties […]
While Turkey’s government later said that Mr. Simsek’s remarks had been misconstrued, it was clear that he had said a settlement without Mr. Assad would be “not, you know, realistic.” Continue reading the main story Both developments came as Russia, Turkey and Iran prepared to convene Syrian peace talks in Astana, the capital of Kazakhstan, beginning on Monday. For the first time, it looked likely that the […]
By Adriana Barrera | MEXICO CITY MEXICO CITY President Enrique Pena Nieto on Friday congratulated Donald Trump on his inauguration as U.S. president saying he would like to strengthen ties, but that sovereignty, national interest and protection of Mexicans would be paramount. Pena Nieto, criticized for meeting Trump last year even after the New York businessman had insulted Mexicans in the election campaign, said on Twitter he […]
British investigators have opened “fresh lines of inquiry” into bribery and corruption at several companies, thanks to evidence gathered in a four-year investigation into illegal behaviour at Rolls-Royce. Ben Morgan, joint head of bribery and corruption at the Serious Fraud Office, told the Financial Times that information collected on a network of corrupt middlemen operating on behalf of Rolls-Royce and other companies was being pieced together “not […]
The proposed Constitution comes during a period of emergency rule, also approved by Parliament, in the wake of the failed coup attempt in July against Mr. Erdogan. Since then, he has ordered the dismissal of 100,000 state employees and the jailing of more than 40,000 others suspected of supporting the coup. He has also cracked down on the independent news media, jailing about 140 journalists in the […]
BERLIN German diplomats helped broker a ceasefire between the Syrian government and rebel forces in a mountainous valley near Damascus, a deal designed to restore water supplies to the capital, the German foreign ministry said on Friday. The agreement, first reported by German news magazine Der Spiegel, is aimed at giving opponents of the Syrian government an opportunity to withdraw from the Wadi Barada valley to the […]
Donald Trump is to be sworn in as president in Washington on Friday, taking over from Barack Obama. Highlights of the day: SWEARING-IN Donald Trump is to be sworn in at middday (1700 GMT), setting the country on an uncertain path at home and abroad. PROTESTERS AND SUPPORTERS Protesters scuffle with police as liberal activists attempt to block thousands of supporters at the inauguration. Trump supporters dance […]
The future certainly isn’t what it used to be on the dusty patch of land that faces the Siemens HQ at Masdar City. There, on a plot dedicated to experimental projects, a deceptively ordinary-looking four-bedroom villa has been built – and it appears decidedly at odds with Masdar’s earlier “greenprint” for our sustainable urban future. Not only are self-ventilating wind towers and egg-shaped rapid-transport systems noticeable by […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
Bernie Dunn may have retired from the US Army but he remains on a mission in the Middle East. The Boeing regional president hit a bullseye on December 11 when his team secured an $8 billion deal with Iran Air in the airline’s first plane contract since 1979. The world’s largest aerospace manufacturer beat out its French rival, Airbus, by 11 days. Though Airbus then secured 20 […]
By Nate Raymond | NEW YORK CITY NEW YORK CITY Mexican cartel kingpin Joaquin “El Chapo” Guzman is expected to appear in a court in New York on Friday, shortly after his surprise extradition from Mexico ended a decades-long career in drug-trafficking, dare-devil jail breaks and murder. A Justice Department spokesman said El Chapo, or Shorty, once one of the world’s most wanted drug lords, was set […]
