The PNP chief also calls on the public to stop using the term ‘Tokhang for ransom,’ saying it ‘hurts’ the police force Bea Cupin Published 4:40 PM, January 16, 2017 Updated 4:40 PM, January 16, 2017 KIDNAPPING CASE. PNP chief Ronald dela Rosa (right) says SPO3 Ricky Sta Isabel has since surrendered to the NBI, which is under Justice Secretary Vitaliano Aguirre II (left). File photo by […]
LONDON British luxury brand Burberry (BRBY.L) said on Monday its incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East, before joining the board and taking the top job on July 5. Italian Gobbetti, the former boss of French brand Celine, was named as Christopher Bailey’s successor as CEO last July. Bailey will take on the […]
Al Hamra Real Estate Development has introduced new five year payment plans for units in Al Hamra Village. Prices for properties in the Ras Al Khaimah development start at AED 3,300 per month, payable over five years. According to the developer, this compares to AED 55,000 for the annual rent of a studio apartment in Dubai’s Jumeirah Lake Towers; AED 50,000 in Dubai Marina; and AED 70,000 […]
South Korean prosecutors are seeking an arrest warrant for Samsung Electronics vice chairman Lee Jae-yong for his role in the bribery scandal involving the country’s president The request follows their quizzing of him on Friday, which lasted over 22 hours, over whether Samsung knowingly paid Choi Soon-shil, a close friend to President Park Geun-hye, bribes to have a controversial merger of its affiliates approved. The court will […]
By Ben Hirschler | DAVOS, Switzerland DAVOS, Switzerland Trust in governments, companies and the media plunged last year as ballots from the United States to Britain to the Philippines rocked political establishments and scandals hit business. The majority of people now believe the economic and political system is failing them, according to the annual Edelman Trust Barometer, released on Monday ahead of the Jan. 17-20 World Economic […]
SYDNEY Plans to provide government support to keep open a 30-year-old aluminum smelter in Australia owned by Alcoa (AA.N) have made “progress”, parties involved in talks said on Monday without giving details. The government is offering financial support to help supply the Portland smelter in southern Australia with sufficient power in the wake of a blackout late last year that left it running at only one-third of […]
Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]
Dubai, UAE – January 16, 2017 Under the patronage of H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and President of Dubai Health Authority, the 7th Emirates Otorhinolaryngology Audiology and Communication Disorders Congress (EROC) will begin on 18th January with 2,000 delegates participating from around the globe. Otolaryngology is the branch of medicine that deals with diagnosis, treatment and prevention […]
Delta Air Lines CEO has again raised the prospect that President-elect Donald Trump’s administration would intervene in the US carriers’ dispute with Gulf airlines. Ed Bastian, speaking to investment analysts during the carrier’s recent quarterly earnings call, said that officials from the US ‘big three’ – American, United and Delta – have already met with officials from Trump’s transition team to discuss current industry issues, including the […]
By Richard Balmforth | PARIS PARIS Former Prime Minister Manuel Valls, long tipped to win the left-wing ticket for France’s presidential election this spring, trailed his rivals after a debate on Sunday where his immigration policies came under fire. In the televised debate, Valls faced six other contenders ahead of a Socialist primary starting on Jan. 22 to pick a candidate who can keep next May’s presidential […]
Optus has announced extending mobile coverage along the Highway 1 route in Western Australia by using nine small cells that utilise Optus’ satellite services rather than having to build out additional mobile towers. The small cells will be located at the Billabong Roadhouse, Overlander Roadhouse, Wooramel Roadhouse, Minilya Roadhouse, Nanutarra Roadhouse, Fortescue River Roadhouse, Pardoo Roadhouse, Sandfire Roadhouse, and 80 Mile Beach, Western Australia. “We are investing […]
By Kenneth Rijock MIAMI, USA — Tax authorities in Malta have announced that the government of Panama has declined to assist them in their investigations into tax evasion initiated following information released by journalists in the Panama Papers documents leak scandal. Tax investigators from Malta have asked to see emails of the law firm of Mossack and Fonseca, which allegedly assisted Maltese nationals evade income taxes, and […]
15 January 2017 In less than 6 weeks since its launch date, Startup Hero’s Youtube channel has announced over 136,000 subscribers, making it the largest business focused channel in the United Arab Emirates, attracting aspiring entrepreneurs from all over the world in just one episode. Startup Hero is the latest show in the Middle East to turn business ideas into reality by connecting young entrepreneurs with potential […]
The UAE is upskilling its population – and not only nationals. During a Federal National Council session on January 10, Minister of Human Resources and Emiratisation, Saqr Ghobash Saeed Ghobash, revealed the country is attempting to increase the number of “highly skilled” workers to 40 percent of the workforce by 2021. Currently, workers categorised in the top three skill levels, including executives and those with tertiary qualifications, […]
By Estelle Shirbon and William James | LONDON LONDON Prime Minister Theresa May will use a major speech on Brexit next week to call on Britons to reject the acrimony of last year’s referendum and unite around the vision of a Britain more open to the world, her office said on Sunday. May intends to kick off the formal process of negotiating the terms of Britain’s exit […]
The media was rife with ‘I told you so’ headlines yesterday, after reports from more unnamed sources said the first order of business for the Trump administration was to hold a summit with Vladimir Putin, in Iceland, just like Reagan did with Gorbachev, circa 1986. The headlines were smug and the Twitterati of newly born left wing militarist war mongers were resplendent with calls for martial law or […]
DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic […]
Ethiopian legend Kenenisa Bekele has confirmed he will run in the Standard Chartered Dubai Marathon on Friday January 20, just months after running the second-fastest marathon time in history. The three-time Olympic gold medallist stormed to victory at the Berlin Marathon in September, crossing the finish line in 2:03:03, just six seconds short of Dennis Kimetto’s world record. Bekele said he is targeting Dubai for the next […]
Dubai Health Authority (DHA) has inaugurated its first “robot” pharmacy at Rashid Hospital in the emirate. The smart pharmacy is deploying a robot for the first time in the UAE to dispense prescribed medication, news agency WAM reported. The robot can dispense prescribed medication at the click of a button based on a barcode, thus minimising any human error, it added. The DHA said it will soon […]
BRUSSELS The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The accord has been under negotiation for more than a year and follows an agreement last year on derivatives. U.S. and EU representatives said in a joint statement they had reached a deal “that will ensure ongoing robust insurance consumer […]
Bernie Sanders is of the opinion that a repeal of Obamacare could potentially lead to a huge number of deaths each year. With the Congress considering partial repeal of the Affordable Care Act (ACA), Bernie Sanders tweeted on Jan, 12 that 36,000 people may die yearly as a result. As Republicans try to repeal the Affordable Care Act, they should be reminded every day that 36,000 […]
Investors in Fiat, the carmaker under investigation for violating emissions laws, have been accused of ignoring clear signs of corporate governance failings at the Italian-US business. Fiat Chrysler’s share price fell 16 per cent on Thursday immediately after the US environmental watchdog warned the company could face a fine of up to $4.6bn. It is accused of breaking emissions laws in 104,000 diesel vehicles. The US regulator […]
The head of Dubai Land Department (DLD) has predicted an rebound for the city’s real estate market this year, signaling an upward trend for sustained growth in the run-up to Expo 2020. Sultan Butti Bin Merjen, director general of DLD made the comments in an annual report for 2016 which revealed that total real estate transactions in Dubai exceeded AED259 billion ($70.5 billion). This was marginally down […]
Yazan Mohamad Al Nasser appointed CFO bringing more than 30 years of financial experience Experience in property and retail will benefit DIFC with expansion of the district underway 14 January 2017 Dubai, UAE – Yazan Mohamad Al Nasser has been appointed as the new Chief Financial Officer for the Dubai International Financial Centre Authority, the body overseeing the leading financial centre in the Middle East, Africa and […]
