Photo Ahmed Daqamseh, in sunglasses, was welcomed home in the village of Ibdir in northern Jordan after being released from prison, where he served 20 years. Credit Numan Alquzaa/European Pressphoto Agency The fragile treaty between the two former enemies was not even three years old when a Jordanian soldier went on a shooting rampage and killed seven Israeli schoolgirls visiting a park in a border area known […]
DAVAO CITY , Philippines – The government and communist rebels have agreed to resume peace talks and restore the truce following an escalation of deadly clashes. Presidential Adviser on the Peace Process Jesus Dureza yesterday said the government and rebel negotiators would resume talks early next month and discuss the terms of a broader ceasefire. Dureza said the decision to resume the peace talks came after backchannel […]
When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]
Ransomware has become one of the most notorious threats on the web. Image: iStock No wonder ransomware has become one of the biggest menaces on the web; a third of organisations across the globe which became infected by the file-encrypting malware in the past 12 months gave into the demands of hackers in order to regain access to their locked data. With attacks of this kind being […]
AMMAN: A Jordanian soldier who killed seven Israeli schoolgirls in 1997 was released on Sunday after serving 20 years in prison, his family said.“The authorities released Ahmad Dakamseh this Sunday around 1:00 am after he finished his jail term. He is now a free man,” his cousin Mohammed Yahya Dakamseh told AFP by phone.Ahmad Dakamseh was released from the Bab Al-Hawa prison in Irbid, 90 kilometers (60 […]
Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]
PARIS Francois Fillon’s party has apologised for tweeting a caricature of Emmanuel Macron, his main rival in the race to be France’s next president, that Fillon himself admitted was anti-Semitic. Fillon’s conservative The Republicans tweeted an image of the independent centrist Macron with a hooked nose, wearing a top hat and carrying a red sickle with which he was cutting a cigar. The image resembled anti-Semitic propaganda […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
12 March 2017 Dubai, UAE – The Emirates Academy of Hospitality Management (EAHM) and ALE, operating under the Alcatel-Lucent Enterprise brand, have announced a partnership to build a new technology education module. The two organizations have signed a memorandum of understanding to develop the module which is aimed at educating students at EAHM on technology and how IT plays an important role in the hospitality industry. The module will be a […]
By Suyeong Lee and Hyunjoo Jin | SEOUL SEOUL The South Korean politician likely to emerge as the next president promised justice and common sense on Sunday as workers renovated the home of ousted leader Park Geun-hye to prepare for her departure from the presidential Blue House. The Constitutional Court ruled on Friday to uphold a parliamentary vote to impeach Park, dismissing her from office over an […]
MAG 5 Property Development has announced the launch of MAG 5, the third phase of its MAG 5 Boulevard community in Dubai. The developer said in a statement that MAG 5 has been released in response to “increasing investor demand for studios and both one and two bedroom apartments”. MAG 5 Boulevard is the second project developed by MAG 5 PD, and is its first in the […]
During my budding career, I have been fortunate to work with veteran journalists many years my senior. I was and continue to be grateful for their experience, insight and wisdom, dispensed frequently and with candor. Some of the most innovative journalists I know are also some of the most experienced. That’s because, to stay in this business through a punishing recession and unceasing technological disruption, they had […]
The Supreme Court on Tuesday asked the Centre to submit six reports from various agencies in connection with the investigation into the Panama Papers leak. The apex court has given four weeks’ time to file the reports and said would then decide if the case merits a probe by a special investigation team. The court will take up the matter again on April 18, reported ANI. In […]
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. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]
Middle East carriers led the world after posting the biggest growth in passenger demand in January, according to new figures. The region’s airlines reported year-over-year demand growth of 14.4 percent, said the International Air Transport Association (IATA). It added that capacity climbed 11.4 percent and load factor rose against the year-ago period for a third consecutive month, up 2.1 percent to 79.8 percent. Globally, demand (measured in […]
Business conditions in the UAE’s non-oil private sector continued to improve in February, with a sharp increase in inflows of new work underpinning a robust expansion of output, according to a new survey Data from the Emirates NBD UAE Purchasing Managers’ Index (PMI) showed that strong demand conditions and a favourable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month. […]
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter. The move comes as more consumers become comfortable with online used-car purchases. TrueCar Inc (TRUE.O), for example, a car-shopping service that matches buyers with dealers online, has seen its shares […]
Emirates National Oil Company (ENOC) has announced plans to build 10 new service stations in 2017, as part of its 2020 expansion programme to increase its retail network capacity by 40 percent. The group’s plans for this year started with the opening of its new Warsan service station, with other locations to include Sheikh Zayed Road, Al Barsha South, Hessa Street, Sheikh Rashid Road, Bab Al Shams, […]
Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald Trump, the S&P 500’s bank index .SPXBK has outpaced the wider market’s gain by roughly 3-to-1. Now, however, a changing dynamic in the bond market […]
SEOUL Opponents of South Korea’s ousted leader, Park Geun-hye, demanded on Saturday that she be arrested a day after she was thrown out of office over a corruption scandal involving the country’s conglomerates. Park’s critics said they would rally in central Seoul, where they have been gathering every weekend for months, while the former president’s conservative supporters also planned protests, raising the risk of confrontation. The Constitutional […]
The way that markets are reported affects the way they are perceived, and the way that investors behave. So can the way journalists report the markets be measured? Are we doing a good job? Historically, it appears that we are not. This week, Diego Garcia of the University of Colorado at Boulder presented a paper to a conference on journalism and markets at Columbia Business School. Entitled […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in nearly 10 years due to unseasonably warm weather, the […]
Since the dawn of cloud computing, one theme has been a constant: the idea that demand can be dynamic and elastic, that you pay only for the resources you use, and that the service is delivered on demand. But does cloud computing today live up to that promise? Recent developments show that there may be a different way to satisfy that expectation. Serverless computing exposed Going back […]
