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11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]

Casual observers of Indian cinema might be unaware of the reasons why Rekha, an actress who dominated Bollywood during the 1970s and 1980s, dropped out of the public eye and became a semi-recluse. She rarely grants interviews or attends show business events. The chance to see her in public last week, when she attended the opening of the 13th Dubai International Film Festival on Wednesday and collected […]

During the gradual rapprochement between the US and Muammer Gaddafi’s Libya in February 2007, Rex Tillerson visited the country and met its leader in his traditional tent. As chief executive of ExxonMobil, the world’s largest listed oil company, Mr Tillerson had an interest in opening up access to Libya’s vast reserves, but his visit was also a milestone in the progress towards normal relations with the US.  […]

Qatar Rail has announced a major construction milestone with the completion of all viaducts across the elevated sections of Doha Metro project. The construction of viaducts included the northern and southern sections of the Red Line and a section of the Green Line. The installation of the final segment of the viaducts was celebrated near the Doha Golf Club, a statement said. Jassim Saif Ahmed Al Sulaiti, […]

Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]

LONDON A major shareholder in British pay-TV company Sky (SKYB.L) will vote against Twenty-First Century Fox’s (FOXA.O) $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. Rupert Murdoch’s Fox offered 10.75 pounds ($13.52) a share in cash on Friday in its second attempt to buy the 61 percent of the business that it does not own, with […]

Developers behind a $190.5 million affordable housing project in Dubai have announced that 50 percent of its second phase of homes have been sold within a week. MAG 5 Property Development, a real-estate company formed jointly by MAG Property Development and MBM Holding, announced the sales success for its MAG 5 Boulevard project at Dubai South. This is the first community project developed by MAG 5 Property […]

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MANILA, Philippines – Justice Secretary Vitaliano Aguirre II has ordered the National Bureau of Investigation (NBI) to probe the alleged payoffs in the Bureau of Immigration (BI) over the 1,316 Chinese nationals recently arrested in an illegal online casino of Chinese gaming mogul Jack Lam at the Clark Freeport in Pampanga. Aguirre earlier considered letting the BI investigate its own ranks, but later decided to give the task […]

President-elect Donald Trump on Sunday rejected as “ridiculous” a CIA report that Russia had intervened in the presidential election in order to help him win.  Mr Trump called the intelligence assessment, which rocked Washington this weekend, “just another excuse” for Hillary Clinton’s surprise loss. “I don’t believe it,” he told Fox News.  The interview aired shortly after a bipartisan Senate quartet called for a congressional investigation of […]

August remains undetected while stealing data. Image: iStock Cybercriminals are using personalized malware campaigns against staff at retailers in order to steal credentials and sensitive documents. A group known as TA530, is distributing the information stealing malicious software through socially engineered emails which encourage victims to download an attachment containing the relatively new ‘August’ malware (lines in the malware’s code as well as the control panel for […]

Dubai’s only listed crude shipper has announced plans for a major expansion of facilities in the northern Emirates including a new ship building and repair yard. Gulf Navigation said in a statement that it is starting studies for the expansion, known as the GNH Northern Project. The plan will include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialised operations and global mobile […]

MUMBAI Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from the board of those companies, saying his presence as chairman “is likely to lead to fragmentation of the Tata Group”. In a boardroom coup in October, Mistry was ousted as chairman of Tata Sons, holding firm of the $100 billion Tata empire, but he remains on the board […]

DUBAI Iran may spare the life of businessman Babak Zanjani, sentenced to death for fraud, if he can pay back large sums he owes to the government for oil sales despite sanctions, a judiciary spokesman said on Sunday. Earlier this month, Iran’s supreme court upheld the death penalty against Zanjani, accused by prosecutors of owing the government more than $2.7 billion for oil sold on behalf of […]

More than ever before, these articles pulled the curtain back on how an estimated $100 billion in undeclared money has been siphoned from Canada into offshore tax havens. Since the first investigations were published, the federal government has invested almost $500 million in the Canada Revenue Agency aimed at tougher tax enforcement, launched investigations into 85 Canadians identified in the Panama Papers and compelled banks to divulge […]

11 December 2016 Riyadh –  Under the patronage of the governor of small and medium enterprises authority, King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and accelerators, is hosting the fifth ArabNet Riyadh – the largest and most influential digital conference in the Kingdom – on December 12-14, 2016 to be held at the Four Seasons Hotel.         […]

Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that utput, new orders, purchasing activity and input stocks all rose sharply and at faster rates than in the prior month. That said, the expansions remained weaker than their respective averages. Subsequently, the […]

DUBAI Iran Air said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing (BA.N), state news agency IRNA reported. The agency quoted Farhad Parvaresh, the head of the country’s flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes. (Reporting by Dubai newsroom; Writing by Sami Aboudi; Editing by Andrew Heavens) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); […]

ExxonMobil chief executive Rex Tillerson has emerged as the strong favourite to be Donald Trump’s secretary of state, US media reported on Saturday, potentially placing a businessman with global dealmaking experience at the heart of US foreign policy. After a 41-year career at the oil giant, Mr Tillerson has no direct diplomatic background but he has close ties with Russian president Vladimir Putin who awarded him the […]

Dubai Investments, part owned by sovereign wealth fund Investment Corp of Dubai, plans to close a 1.1 billion dirham ($299.52 million) loan by Dec. 31, its chief executive said on Saturday. United Arab Emirates banks First Gulf Bank (FGB) and Abu Dhabi Commercial Bank have been mandated for the loan, Khalid Bin Kalban told reporters in Dubai. The loan will be used to build a residential project […]

PTI BOGOR (INDONESIA)President Joko Widodo Saturday said Indonesia and India must cooperate closely in the key areas defence, security and counter-terrorism as no country is immune to a terror attack and also sought stepping up of bilateral trade ties.“I am very much looking forward to have discussions with Prime Minister Modi,” Widodo told PTI in an interview ahead of his state visit to India, beginning Monday.Widodo said […]

Photo Alexander Novak, Russia’s energy minister, left, with Khalid Al-Falih, Saudi Arabia’s energy and industry minister, after OPEC members and 12 other countries met in Vienna, Austria, on Saturday. Credit Lisi Niesner/European Pressphoto Agency Russia and other oil producers agreed on Saturday to join OPEC nations in a rare, coordinated reduction in oil output meant to lift petroleum prices and revenues to shore up their sagging government […]

By Caroline Valetkevitch | NEW YORK NEW YORK Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month’s presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting – in what would be its first […]

Kuwait’s emir appointed Essam Abdul Mohsen Al-Marzouq as the country’s new oil minister on Saturday, state news agency KUNA reported. Marzouq has previously served as head of the country’s stock exchange and as a board member of state-run Kuwait Petroleum Corp (KPC). Opposition candidates won around half of the parliament’s 50 seats last month in a poll seen by Kuwaitis as a referendum on austerity measures brought […]

By Steve Holland | BALTIMORE BALTIMORE U.S. President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corp as the country’s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the Russian government. News of Tillerson’s possible appointment comes as U.S. intelligence analysts have concluded that Russia intervened in […]

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