State investment fund Mubadala Development Co will control a 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO), a spokesman said on Monday. The firm became the second Western oil major to renew a 40-year onshore concession in Abu Dhabi on Saturday after almost two years of negotiations to improve terms to help […]
Screenshot: ZDNet Telstra customers looking to download content from certain torrent sites will be denied access after the telecommunications provider has started blocking domain names in response to a Federal Court directive. The blocked access comes after the Federal Court of Australia last week determined that piracy sites The Pirate Bay, Torrentz, TorrentHound, and isoHunt, and their related domains, will need to be blocked by internet service […]
MUMBAI Apple Inc is in talks with India’s government to explore making products locally, the Wall Street Journal reported on Tuesday, as the U.S. firm aims to make deeper inroads in the world’s second-largest mobile phone market by users. Prime Minister Narendra Modi is trying to boost technology manufacturing in the country through his ‘Make in India’ initiative. His government in June exempted foreign retailers for three […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
Majid Al Futtaim has announced that it has secured an exclusive retail agreement with American Girl, a division of Mattel, and a premium brand for dolls. The deal also encompasses Majid Al Futtaim being awarded exclusive distribution rights in the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, spanning bricks and mortar retail, airport-based retail and e-commerce. The first American Girl store in the UAE is slated […]
The newly opened location will expand company’s existing office portfolio, including several offices in Europe and recently announced US presence. 20 December 2016 Dubai, United Arab Emirates – Walkbase, a leading IoT analytics and marketing platform for retail, today announced the opening of its office in Dubai, UAE, resulting from a growing number of existing customer cases and ongoing discussions in the Middle East region. The decision to open […]
Simply getting onto the NBN, let alone making use of it, is impacting the functioning of 43 percent of businesses according to an Australian Communications and Media Authority (ACMA) survey [PDF] released on Tuesday. Only 22 percent of businesses said the NBN connection process was smooth, while businesses said the most common complaint was “ongoing service issues”, ACMA said. Conducted between April and May 2016, ACMA surveyed […]
Saudi Arabia’s crude oil exports fell in October by 176,000 barrels per day from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday. The world’s top exporter shipped 7.636 million barrels per day in October, down from 7.812 million bpd in September, according to data from the Joint Organizations Data Initiative (JODI). […]
Six U.S. retailers will no longer require hourly employees to check whether they are still needed for work and risk having their scheduled shifts canceled with little notice, New York Attorney General Eric Schneiderman will announce on Tuesday. Schneiderman and his counterparts in seven states, including California and Illinois, have sent letters to a number of companies in the last year requesting information about their scheduling practices. […]
aNewDomain — Rex Tillerson, the ExxonMobil chief who Donald Trump has tapped to be the next US secretary of state, was the director of a Bahamas-based US-Russian oil firm, according to leaked documents in the Panama Papers. Tillerson ended the association with the Exxon subsidiary, Exxon Neftegas, in 2001, Exxon rep Scott Silvestri said Monday, a day after the Guardian and reporters at the International Consortium of Investigative Journalists reported the news. […]
Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar have entered into initial talks for a potential merger, a statement said on Monday, in a deal that would create the Gulf state’s second-largest bank. The trio have begun initial discussions “to create a larger and stronger financial institution with a solid financial position and liquidity to support Qatar’s economic growth”, according to a joint […]
Qantas Group has selected SAP executive Susan Doniz to fulfil the role of CIO after undertaking a global search for Luc Hennekens’ replacement. Hennekens revealed his intention to leave the national carrier in July after three years of leading its technology operations. He moved to France to join Airbus Group as CIO after working his last day at Qantas in September. Doniz will relocate from Canada to […]
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. Imagine if Snopes, PolitiFact and The Associated Press fact-checked our holiday cards and letters — or many of our daily declarations — for the truth. Facebook, of course, just announced it would team with PolitiFact, FactCheck.org, the Associated Press, ABC […]
Honda Motor Co Ltd said customer deliveries of its hydrogen fuel-cell car, dubbed Clarity Fuel Cell, began on Monday at select Honda dealerships across Southern California. Honda is one of the latest automaker to bring a small number of hydrogen-powered vehicles to market amid increasing zero emission vehicle mandates from California and other U.S. states. The company said that retail leasing of the car is now available […]
Google Maps has been receiving several new features recently, making the mapping app more valuable to its users. In a small but very important update, Google Maps has added a feature that will show whether a location is accessible by wheelchair, in what is the result of the efforts of a group of Google employees who dedicated a significant amount of their time for the cause. Google […]
Christine Lagarde was found guilty of negligence in public office by a special Paris court on Monday in a ruling that will cast a cloud over her position as managing director of the International Monetary Fund. Within hours, however, the former French finance minister won the support of her board, clearing the way for her to continue on at the head of the fund. The board’s decision came […]
An Arab coalition fighting in Yemen said on Monday it would stop using British-made BL-755 cluster munitions in Yemen where thousands of civilians have been killed in 20 months of conflict. “The government of Saudi Arabia confirms that it has decided to stop the use of cluster munitions of the type BL-755 and informed the United Kingdom government of that,” Saudi state news agency SPA reported. The […]
By Roberta Rampton and Eric M. Johnson | WASHINGTON/SEATTLE WASHINGTON/SEATTLE At least five Democrats who had been committed to back Hillary Clinton in the U.S. Electoral College cast ballots for other people on Monday, the largest number of “faithless electors” seen in well over a century. The 538 electors were voting across the country to confirm Republican Donald Trump as the next president. The event is normally […]
(Image: file photo) Cloud storage giant Box won’t say how many times it has turned over customer data to the government. The company’s policy stands out from the cloud storage crowd, including Google, Amazon, Microsoft, and Dropbox, which along with other every internet and phone company in the Fortune 500 provide a biannual transparency report detailing the number of government requests and secret orders they receive. A […]
19 December 2016 The real estate markets of the two main emirates of the UAE exhibited differing trends over the course of November 2016. While the pleasant weather and cool breeze apparently had a galvanizing effect on the Dubai realty market, things seemed to be cooling down in neighbouring Abu Dhabi. Bayut.com noticed an upward movement of both rents and prices of apartments in Dubai, but apartments […]
SEATTLE Boeing Co’s (BA.N) commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes. The job cuts come as Boeing and rival Airbus (AIR.PA) face slowing demand for new aircraft, particularly twin-aisle jetliners such as the Boeing 777 and Airbus A330. Boeing said last week that it would cut […]
By Michael Shields and Arnd Wiegmann | ZURICH ZURICH Three people were wounded in a shooting near an Islamic centre in central Zurich on Monday, police said. Swiss media said a suspect was on the run after the incident near the main train station in Switzerland’s financial capital. It was not immediately clear whether the Islamic centre or any of the other businesses registered buildings nearby, were […]
In 1600, actor William Kemp was challenged to morris dance his way from London to Norwich. He accepted the bet and completed his journey – a distance of about 100 miles – in nine days (spread out over a few weeks). So was born the phrase “nine-day wonder”, to describe someone or something that suddenly gains fame, only to quickly fade from the spotlight. Fame no longer […]
Emirates, the world’s biggest long-haul airline, and Abu Dhabi’s Etihad Airways are reviewing their workforce as overcapacity and a stronger dollar put pressure on earnings. The cutbacks show how the Gulf airlines’ rapid expansion of the past few years is slowing down against a more challenging economic backdrop. Dubai-based Emirates has offered redundancies to staff working in accounting, finance, IT and other departments in its head-office, sources […]
