Oman Air plans to move ahead with a multi-billion dollar order for wide-body jets early next year even though it won’t now break even in 2017 as the low oil price curbs growth in the Gulf. The carrier is now aiming to end losses by the end of next year, contingent on demand not deteriorating further, Chief Executive Officer Paul Gregorowitsch said in an interview on Tuesday. […]
By Matt Spetalnick | WASHINGTON WASHINGTON Donald Trump’s national security adviser described his boss’s foreign policy approach as “disruptive” on the eve of the U.S. president’s first White House meeting with the Palestinian leader, saying his unconventional ways could create an opportunity to ultimately help stabilize the Middle East. Trump faces deep skepticism at home and abroad over his chances for a breakthrough with Palestinian President Mahmoud […]
In 2001, “Frontline” aired a documentary by investigative reporting legend Lowell Bergman. The movie, which chronicled the new cowboys of “Energy Alley,” contained never-before-seen interviews with Enron CEO Jeffrey Skilling and other players in the energy scandal. It was compelling footage. After Enron imploded, filmmaker Alex Gibney bought the video from PBS and used some of it in his 2005 documentary about the scandal, “The Smartest Guys […]
Vocus Communications has revised its guidance for the 2017 financial year, with revenue down by AU$100 million, underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) down by between AU$65 million and AU$75 million, and net profit down by AU$45 million to AU$50 million. According to a presentation delivered by Vocus CEO Geoff Horth on Wednesday, underlying EBITDA is now expected to be between AU$365 million and […]
The Follow up Committee of the Initiatives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan has approved a number of projects totalling AED410 million ($111.6 million). The committee, chaired by Ahmed Juma Al Zaabi, Deputy Minister of Presidential Affairs, approved the first phase of a project which will see a road built between Wadi Al-Qor and another linking the Al-Hubab roundabout and Nizwa Road for […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks followed global indexes higher on Wednesday, as strong earnings and manufacturing data boosted risk appetite, while expectations that the Federal Reserve will signal a June rate increase later in the session lifted the dollar. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in […]
Donald Trump and Vladimir Putin discussed paths towards peace in Syria on Tuesday, in the first sign of practical interaction between the American and Russian presidents since Rex Tillerson, US secretary of state, visited Moscow last month. The call, only the second time the two leaders have spoken since Mr Trump took office in January, was the first sign that Moscow and Washington might be acting on […]
The UAE’s Ministry of Foreign Affairs and International Cooperation has announced that it has activated entry visas for Indian citizens who hold a US green card and visa. Ahmed Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry, said Indian citizens who hold green card or visa issued by the US shall be granted entry visas to the UAE for a period of 14 days which […]
LAGOS Nigerian President Muhammadu Buhari’s health is not as poor as assumed, his wife said on Tuesday, trying to assuage growing concerns in the oil producer over her husband’s ability to work. Buhari, 74, did not attend a cabinet meeting last Wednesday, choosing to rest and work from home, his second consecutive absence from the weekly meeting chaired by Vice President Yemi Osinbajo. “I wish to inform […]
By Anya George Tharakan and Stephen Nellis Apple Inc (AAPL.O) reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company’s most important product later this year. Shares of the world’s most valuable listed company were down 2.1 percent at $144.37 in after-hours trading. Under pressure from shareholders […]
A leaked document made some startling allegations, indicating that Facebook was targeting emotionally insecure and vulnerable users. The company denies such claims. The leaked document reveals that Facebook conducted research to target vulnerable users, but was not published. Nevertheless, although the paper was not released, it still sparked plenty of controversy when it leaked last week and the media was abuzz with reports of how Facebook targeted […]
For the first time ever, Red Hat will align its flagship operating system, Red Hat Enterprise Linux (RHEL), development and release dates with a third-party: Amazon Web Services (AWS). This alliance underlines just how important the cloud is to Red Hat as it moves from being a Linux distributor first to being a cloud services provider first. Red Hat is partnering closely with Amazon to fly Red […]
Inquirer.net 3 OF 5 Filipinos don’t trust China, Russia, says Pulse Asia surveyInquirer.nettrust-rating-0503 Three of five Filipinos are distrustful of China and Russia while 80 percent trust the United Nations, the latest Pulse Asia survey showed. The nationwide poll, taken from March 15 to 20 with 1,200 adult respondents, found that 63 …Duterte puts back the Asia into the PhilippinesManila BulletinDistrust remains toward China, Russia — surveyBusinessWorld […]
Managed by Frasers Hospitality Group, the Magnificent Fraser Suites West Bay property in Doha is set to Open its Doors in May 2017 Qatar, May 2 2017 Fraser Suites West Bay – Doha, today announced it has received 5 star hotel recognition from Qatar Tourism authority (QTA), surpassing all requirements in offering a 5 star hotel and service for guests to come. Set to open its doors […]
Angela Merkel, Chancellor of Germany, arrived in Abu Dhabi on Monday on an official state visit, state news agency WAM reported. Upon her arrival at the Presidential Airport, Merkel was greeted by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. An official reception ceremony was held in honour of the German Chancellor, where both the […]
And then there were three. Windows 10 S fits between Home and Pro. Microsoft announced Windows 10 S at an event in New York City on May 2, 2017. The new edition joins Windows 10 Home and Pro as an option for OEMs to install on new PCs. I’m still waiting for a hands-on opportunity with this product. In the meantime, here’s what we know about Windows […]
They include coal executives Christopher Cline, founder of coal company Foresight Reserves LLC, and J Clifford Forrest, president of Rosebud Mining Company — each gave $1 million. Also contributing $1 million each: Hushang Ansary, a longtime oil executive and businessman, and his wife, Shahla Ansary. Inaugural committee donors who gave at least $1 million were invited to a long list of exclusive events over the inauguration weekend, […]
Esure hit a record high on Tuesday amid hopes that surging car insurance premiums will translate to fatter dividends. Canaccord Genuity added Esure to its “buy” list as part of a sector review. It forecast motor insurance pricing to keep rising at the current pace until the end of 2017, having jumped 16 per cent year on year in the first quarter, and expected the larger insurers […]
Dutch paint maker Akzo Nobel NV’s (AKZO.AS) supervisory board is scheduled to meet on Tuesday to discuss how to proceed after deeming PPG Industries Inc’s (PPG.N) latest $29 billion offer to be insufficient, people familiar with the matter said. Akzo believes that PPG’s third acquisition bid, which was unveiled on April 24, still does not value the company highly enough, especially in light of Akzo’s plans to […]
The number of people applying for credit cards in the UAE soared by 65 percent year-on-year in the first quarter of 2017, new research shows. Data from consumer website compareit4me.com also shows that residents applied for multiple products to get approvals – they made an average of 3.25 card applications each in the first three months of the year, compared to an average of 2.07 applications each […]
While Windows and new Surface hardware were the headliners of today’s Microsoft Education event in New York City, Microsoft also revealed some new Office applications and services. As has been rumored for the last few months, Microsoft is rolling out full-featured versions of a number of its Office desktop applications, which the company has packaged up using its Desktop Bridge (codenamed “Centennial”) to make them available for […]
21% believe that Agrabah, the fictional city from ‘Aladdin’, is part of Middle East Dubai, 2 May 2017: A wide-ranging poll of the US public has revealed a huge “knowledge gap” when it comes to the Arab world, with 81 percent of the respondents unable to point out the region on a map. That was a key finding of an exclusive Arab News/YouGov poll, the results of which are published today to coincide with […]
Louvre Hotels has announced plans to open 10 new hotels in the Middle East and North Africa (MENA) by the end of 2017, adding 1,600 keys to its current room inventory. The new properties will take its total regional keys to more than 11,000 and follows a productive 2016 when Louvre launched 12 properties in key markets including the UAE, Qatar, Saudi Arabia, Algeria, Tunisia and Lebanon. […]
Pfizer Inc (PFE.N), the largest U.S. drugmaker, reported quarterly revenue that missed estimates as sales of its key drugs fell short of expectations. Sales of breast cancer drug Ibrance, which is expected to face competition from rival Novartis AG’s (NOVN.S) Kisqali, rose more than 58 percent to $679 million, but missed the consensus estimate of $682 million, according to Barclays. “Key franchises came in well below expectations, […]
