Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they could extend an output cut into next year, while the euro struck a six-month dollar high. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in […]
A selfie-app company learned the value of index membership on Wednesday, when shares in Meitu Inc dropped 9 per cent after MSCI said the Hong Kong listed stock would not, as previously announced, enter its China index in June. MSCI had included Meitu in a list of planned index changes published Monday evening, and the sudden reversal highlights the power of index providers to direct money and […]
By Yashaswini Swamynathan The S&P 500 and the Dow were headed for their worst day in more than eight months as reports of a leaked memo by former FBI chief James Comey spooked investors, raising questions about whether President Donald Trump tried to interfere with a federal investigation. Trump asked Comey to end a probe into former National Security Adviser Michael Flynn’s ties with Russia, according to […]
By James Davey | BIRMINGHAM, England BIRMINGHAM, England Andy Street’s mayoral victory in Britain’s second largest metropolitan area may give the best indication yet of just how far Prime Minister Theresa May’s Conservatives are poaching traditional Labour supporters ahead of the June 8 national vote. Street quit his $1-million-a-year job as managing director of department store chain John Lewis to stand for the top political job in […]
One minute I’m in an office in Dubai’s Jumeirah Lakes Towers; the next, I have been transported to the grounds of a villa in the Sheikh Zayed Housing Programme. I scan the garden – there’s a ball by my feet, so I pick it up and toss it out of the way. Next, I teleport myself just inside the front door. I take a wander around the […]
Dubai Economy has launched a new initiative to certify e-commerce websites in an attempt to protect consumers, it announced on Tuesday. E-commerce companies operating in mainland Dubai as well as free zones can apply for certification through the ‘Digital Protection’ initiative. It is intended to encourage best practices across online transactions and increase consumre confidence in digital retail. At present, the Middle East region is primarily a […]
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. A few more Americans now know H.R. McMaster, who resembles an aging Mr. Clean with horn-rimmed glasses. But they don’t know him nearly as well as Tom Ricks. His journalism experience reveals a distinct reason to doubt McMaster’s defense of […]
US stocks were poised on Wednesday to start the trading day on a weak note, while Treasuries rose and the dollar fell, amid mounting concern over the controversies that have engulfed the White House. While Donald Trump’s pro-growth agenda was initially expected to be a boon for risk assets, and a negative for havens, the opposite has played out with increased frequency as the businessman-cum-politician has leapt […]
Target Corp (TGT.N) reported a smaller-than-expected drop in quarterly comparable sales on Wednesday, as sales picked up in March after a slow start to the quarter. Shares of the company rose 6 percent to $57.90 in premarket trading. Sales at stores open at least a year fell 1.3 percent, better than the 3.6 percent drop expected by analysts polled by research firm Consensus Metrix. Net income rose […]
Kuwait Airways has appointed Ebrahim Abdullah Al-Khuzam as its new CEO, taking over from Rasha Al-Roumi, who resigned last month. Formerly MD of AREF Investment Group KSCC, advisor to the chairman of Kuwait Finance House and GM of telco Zain, Al-Khuzam was announced one of the newly appointed board members of Kuwait Airways in the wake of Al-Roumi’s resignation, and will now take on the additional role […]
BEIJING Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry “ransomware” attack that has infected more than 300,000 computers worldwide in recent days. The U.S. National Security Agency (NSA) should shoulder some blame for the attack, which targets vulnerabilities in Microsoft Corp (MSFT.O) systems and has infected some 30,000 Chinese organizations as of […]
Politics & Economics Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi, met US President Trump in Washington. The two leaders are in talks to discuss a defence cooperation agreement between both countries According to President Trump, “It’s a great honour to have Sheikh Mohammed with us today. A man that I’ve known. A very special, very special person. Highly respected. And loves his country, I can […]
Apple is now giving everyone the official in-depth look inside its new Apple Park campus, including details about the original design of the “Ring” building, images of the building’s construction and interiors, and a whole lot more. Call it a behemoth mothership, or an architectural masterpiece — Apple’s new campus is a feast for one’s eyes. Surrounded by greenery, Apple, along with the architects and workers who […]
· Global mentoring initiative’s latest edition sees increased participation from girls; introduces them to a world of possibilities a career in technology can offer · UAE’s youngest inventor and winner of the UAE Robot Olympics shares her inspiring personal story with aspiring students · Prominent Emirati role model and social media influencer highlights the dangers of cyberbullying, shares trips for prevention 17 May 2017 Dubai, […]
The company building out the Australian government’s National Broadband Network (NBN) has revealed purchasing 15,051km of copper cabling to date for the purpose of building out fibre-to-the-node (FttN) connections to some newly built premises, also revealing that a portion of its hybrid fibre-coaxial (HFC) network will be new cabling laid by NBN. In response to Senate Estimates Questions on Notice published this week, NBN has explained that […]
Iraqi forces have recaptured nearly 90 percent of west Mosul from the ISIL and jihadists in the city are on the “brink of total defeat,” military spokesmen said Tuesday. Iraqi forces launched the massive operation to retake Mosul from ISIL nearly seven months ago, fighting their way to the jihadist-held city, retaking its eastern side and then attacking the west. Brigadier General Yahya Rasool, spokesman for Iraq’s […]
TOKYO U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president’s ability to push through an aggressive stimulus program that investors had […]
WASHINGTON The U.S. Treasury said it imposed sanctions on Tuesday against five people and five entities accused of providing support to Syria’s government or linked to those previously sanctioned over the Syrian government’s violence against its citizens. Among those put on the Treasury sanctions black list are Muhammad Abbas, a cousin of Rami Makhlouf, a dominant business figure in Syria and himself a cousin of Syrian President […]
Riyadh, 16 May 2017: Under the patronage and inauguration of H.R.H Prince Faisal Bin Bandar Bin Abdulaziz Al Saud, Governor of Riyadh, Al Jazirah Vehicles Agencies has opened successfully the world’s largest Ford’s dealer showroom in Riyadh branch of Al Jazirah Vehicles, the sole authorized dealer of Ford and Lincoln vehicles in Saudi Arabia, located on Khurais road. The opening was attended by a number of officials, […]
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter. The world’s biggest crude oil exporter plans to sign accords also with Baker Hughes, KBR Inc., Jacobs Engineering Group Inc., Nabors Industries Ltd., Weatherford International Plc, McDermott International […]
Ransomware is all over the news. Experts estimate the recent WannaCry attack affected as many as 300,000 devices globally. If you’re worried about falling victim to ransomware, there are a few things to consider. How would you react if someone stole your home computer? What if your hard drive failed and wiped out all your programs and data? If you’re prepared with a full, offsite backup, encrypting […]
By Jamie McGeever | LONDON LONDON The global economic, financial and political landscape has never been shakier, but the world’s rich are confident they can steer through the fog of uncertainty in the coming year “without so much as a dent in their finances”, a survey showed on Wednesday. The findings of UBS Wealth Management’s survey of more than 2,800 millionaires in seven countries show a high […]
President Trump asked former FBI Director Jim Comey to lock up journalists for publishing classified information during a February Oval Office meeting, according to a memo written by Comey shortly after the meeting summarized Tuesday by The New York Times. Trump urged Comey to imprison journalists at the beginning of an exchange during which he also asked the former FBI chief to back off an investigation into […]
By Yara Bayoumy and Katie Paul | WASHINGTON/RIYADH WASHINGTON/RIYADH When U.S. President Donald Trump meets Saudi princes in Riyadh on Saturday, he can expect a warmer welcome than the one given a year ago to his predecessor Barack Obama, who Riyadh considered soft on arch foe Iran and cool toward a bilateral relationship that is a mainstay of the Middle East’s security balance. Beneath the pomp, Riyadh will be looking for assurances […]
