There is no guarantee that all will go according to plan, of course. Israel struggled for years to develop regulations to manage its newfound wealth. The international energy firms that Israel is now courting have other options in an evolving global market. And the politics of a new era, as President-elect Donald J. Trump encourages assertive Israeli action in Jerusalem and the West Bank, could kindle fresh […]
|By Saifur Rahman| Sales transactions fall 20.76% to Dh103 billion The total value of land transactions declined marginally by 2.99 per cent to Dh259 billion in 2016, down from Dh267 billion recorded in 2015, and 18.8 per cent up from Dh218 billion recorded in 2014, according to Dubai Land Department (DLD) reports. The number of real estate transactions also declined 4.9 per cent to 60,595 last […]
Submitted by Gavin McInnes via TakiMag.com, Fake news site Buzzfeed just published a fake news story that is so fake, it’s not even fake news. “It’s just fake,” as Kellyanne Conway put it. The editor of Buzzfeed himself says he has “serious reason to doubt the allegations in it,” but he published it anyway because this is “how we see the job of reporters in 2017.” So, […]
Minister Without Portfolio Konrad Mizzi. Photo: Chris Sant Fournier During the year just ended the Labour government continued to dig itself deeper into a culture of institutionalised corruption with persons occupying high government positions and those close to them partaking of the fruits of a corrupt system. A perfect example was the scandal revealed last year by leaked secret files where then health and energy minister Konrad Mizzi […]
I remember an epiphany of sorts I had one morning in Miami in 1991. I was in town as the national college football writer for the Chicago Tribune. A few years earlier, I was asked to participate in the Associated Press’ college football poll. Back then, there wasn’t a committee selecting four teams for a playoff. The national champion was determined by the AP media poll and […]
The Saudi-based Islamic Development Bank (IDB) has agreed to loan the Kyrgyz Republic $20 million to finance a rural water supply and sanitation improvement project. The funding will help the Kyrgyz Republic to improve access and quality of water supply in targeted rural communities, improve sanitation services primarily in schools, and health centres in selected villages and strengthen capacity of institutions in the water supply and sanitation […]
By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]
Amazon is apparently gearing up to test out different prototypes of wireless technology and is eyeing a green signal from the U.S. government Both Facebook and Google have been conducting numerous wireless tests under the Federal Communications Commission’s (FCC) experimental authority in recent years. A report from Business Insider, which unearthed a government filing from Amazon, reveals that the e-retailer will follow in the footsteps of Google […]
“Get Palestyled” – that is the motto of a UAE label best known for its handbags decorated with Arabic calligraphy and colourful hand embroidery that is produced by women in refugee camps in Jordan. Palestyle, previously stocked at stores including Bloomingale’s Dubai and S*uce, has had a quiet few years while undergoing restructuring and rebranding. Now, however, it is back on track for the new year, with […]
A border tax in the US could upend the export-based economic model that has brought prosperity to millions of people in Asia, say analysts, as the region wakes up to reforms proposed by Republicans in Congress. Although most attention is still focused on whether president-elect Donald Trump will slap tariffs on China or target companies that move production offshore, proposals for a US tax regime that penalises […]
Digital transformation must be one of the most over-hyped, least concrete terms around. Like every such term, it can mean different things to different people. It can also be a huge stress-generating, money-squandering machine for organizations. Because “if you’re not doing it, your company will die and you will lose your CIO or IT leadership job. You’ll be disrupted! Or fail the wrong side of the Innovator’s […]
The Roads and Transport Authority (RTA) has signed an exclusive contract with DP World to provide taxi services to lift tourists from and to The Hamdan bin Mohammed Cruise Terminal at Rashid Port in Dubai. The RTA’s Dubai Taxi Corporation will provide taxi and VIP limousine services to greet tourist disembarking the growing number of cruise liners arriving in the emirate. The RTA said it has also […]
In October last year, Microsoft began making available Windows 7, 8.1 and Server 2008 and 2012 patches in roll-up form. Credit: Microsoft Now, four months later, Microsoft is going public with some tweaks designed to fine-tune the rollup process and address IT complaints about how the system was working. First things first: Customers who use Windows Update and Automatic Update are not impacted by any of these […]
By Sinead Carew and Lewis Krauskopf | NEW YORK NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) kicked off […]
Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]
More than 15 million people now follow Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai on social media platforms, it has been announced. The number of followers on Twitter has reached 7.2 million, while he has 3.3 million followers on Facebook, 2.1 million on Instagram and 950,000 on Google Plus, news agency WAM reported. It said Sheikh Mohammed’s followers on LinkedIn […]
Fact-checkers had a big year in 2016; will 2017 prove as eventful? Below are seven predictions of what the year ahead holds in store for fact-checking. As with the 2016 predictions, I promise to return to these when the year is over and evaluate how they fared. (You can check out last year’s annotated predictions here). 1. Fact-checkers will seek lessons from cognitive science Late last year, […]
12 January 2017 Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announces that Flynas in which KHC owns a 34.08% stake, finalizes a $8.6billion deal with Airbus for the purchase of new aircrafts. The ceremonial event will take place on Monday 16th January 2017. -Ends- About Kingdom Holding Company:Founded in 1980, KHC is a publicly traded company which was listed on […]
Bahrain-based Amlak, the real estate investment arm of the Social Insurance Organisation (SIO), has revealed plans to launch new projects in 2017. Amlak’s CEO, Mohammed Abdulelah Alkooheji, unveiled plans for The Sixty Six project, a six-storey residential building located in Umm Al Hassam, adding that a Bahrain-based contractor has been appointed to build it. He also announced that Amlak is currently studying the possibility of developing a […]
By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]
Two years after departing Google, Andy Rubin is about to make headway on the smartphone industry — a field he helped push. Rubin is the creator of Android, a mobile operating system running on more than 86 percent of all mobile phones in existence as per IDC. He’s planning to merge artificial intelligence with his prowess in software engineering, and he’s doing it to produce consumer hardware. He’s […]
By David Brunnstrom and Matt Spetalnick | WASHINGTON WASHINGTON The incoming U.S. administration’s tough talk against China has set the stage for showdowns on everything from security to trade and cyberspace, but contradictory signals are sowing uncertainty over how far President-elect Donald Trump is prepared to go in confronting Beijing. Highlighting the contested South China Sea as a potential flashpoint, Trump’s Secretary of State nominee Rex Tillerson […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
HAVANA The head of the U.S. Chamber of Commerce met with Cuban President Raul Castro and in separate meetings with members of Castro’s economic cabinet on Friday, as they prepare for the advent of a more hostile Trump administration next week. The chamber has been urging the Cuban government to sign a number of agreements with major companies such as General Electric, negotiated over the last 18 […]
