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Ma’aden, QIC and Bupa Arabia are fastest growing companies in 2011-15. Nearly 90% of fastest growing companies come from Saudi Arabia and Qatar. Share prices rose for almost all the fastest growing companies. Collectively, the fastest growing companies achieved around 100% stockmarket outperformance. 22 December 2016 A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed […]

Qatar Airways has marked its seventh anniversary in Melbourne, Australia, by announcing plans to introduce its superjumbo A380 aircraft from the end of June 2017 to meet rising passenger demand. The 517-seater A380 aircraft will increase Qatar Airways’ current daily capacity by 44 percent on this route to meet the growing travel and trade demand, the airline said in a statement. Qatar Airways Group CEO Akbar Al […]

AJMAN//An arts and crafts market has proved a big hit with shoppers, with thousands of people picking up handicrafts and homemade food since it opened last month. The weekend Mosaic Market at Al Safia Park was set up to support small businesses and entrepreneurs with about 40 stalls selling everything from organic vegetables to clothes said Shaikha Al Nuaimi, corporate communication manager at the Abdulaziz bin Humaid […]

UNITED NATIONS: In a striking rupture with past practice, the United States allowed the UN Security Council on Friday to condemn Israeli settlements in the West Bank and east Jerusalem as a “flagrant violation” of international law. In doing so, the outgoing Obama administration brushed aside Donald Trump’s demands that the US exercise its veto and provided a climax to years of icy relations with Israel’s leadership.The […]

When that ultimately did not stop the Council from acting, Mr. Netanyahu’s team expressed blistering anger at Mr. Obama. An Israeli official, insisting on anonymity to maintain the veneer of diplomatic protocol, gave a statement to multiple reporters on Friday blasting Mr. Obama and his secretary of state, John Kerry, by name. Continue reading the main story “President Obama and Secretary Kerry are behind this shameful move […]

On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]

By Jeffrey Dastin | ALLENTOWN, Pa. ALLENTOWN, Pa. A cargo plane emblazoned with “Prime Air” descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. It’s one of 40 jets leased by Amazon.com Inc for a new cargo service to meet delivery demand from the […]

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To most, it is sacrosanct; the idea of not playing on Boxing Day, New Year’s Day and various points in between is seen as somewhere between anathema and heresy. Photo Fabian Delph of Manchester City during his team’s Premier League match at home against Sunderland on Dec. 26, 2015. Credit Jan Kruger/Getty Images The week’s popularity bears that out: Even in the Premier League, where most seats […]

RAMALLAH, West Bank A U.N. Security Council vote to adopt a resolution demanding an end to Israeli settlements marks “a day of victory,” a senior Palestinian official said on Friday. “This is a day of victory for international law, a victory for civilized language and negotiation and a total rejection of extremist forces in Israel,” Chief Palestinian Negotiator Saeb Erekat told Reuters. “The international community has told […]

The UN Security Council has passed a resolution demanding that Israel stop building settlements in the occupied Palestinian Territories, after the US abstained in spite of ferocious criticism from Prime Minister Benjamin Netanyahu’s government. The resolution was passed with 14 votes from the 15-member security council, hours after a senior Israeli official accused US President Barack Obama of working “behind Israel’s back” to cook up the resolution, in […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS The Obama administration on Friday allowed the U.N. Security Council to adopt a resolution demanding an end to Israeli settlements, defying pressure from U.S. President-elect Donald Trump as well as Israel and several U.S. senators who urged Washington to use its veto. The resolution was put forward at the 15-member council for a vote on Friday by New Zealand, […]

Panama City: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]

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. Most of us can feel unavoidably like Mongo in Mel Brooks’ “Blazing Saddles,” meaning a self-perception that “Mongo only pawn in game of life.” (YouTube) Yes, we all try to be philosophical but can lapse into merely being dim-witted, like […]

Photo Passengers leaving the hijacked Afriqiyah Airways plane at Malta International Airport on Friday. Credit Matthew Mirabelli/Agence France-Presse — Getty Images CAIRO — All 109 passengers and crew members on board a hijacked Libyan airliner en route to the capital, Tripoli, were released on Friday, hours after two men claiming to be carrying explosives forced the plane to divert to Malta, Malta’s prime minister said. The hijackers, […]

VALLETTA All passengers were freed from a hijacked plane in Malta on Friday, but some crew remained on board with hijackers believed to be loyalists of late Libyan leader Muammar Gaddafi. The aircraft was on an internal flight in Libya on Friday morning when it was diverted to Malta, 500 km (300 miles) north of the Libyan coast, after a man told crew he had a hand […]

But soon after their hometown fell to the Islamic State, their husbands died. The two widows, old friends, found themselves living together, and facing together the brutality of new rulers who stole their money and demanded they renounce their faith and convert to Islam. “Sometimes we prayed, and sometimes we cried,” said Ms. Gigues, who is blind and largely deaf, in a recent interview after Qaraqosh was […]

Good morning. A media A-list’s favorite books of 2016 Jake Tapper, the CNN reporter-show host, needed far less time than even a hyperactive wire service rewrite guy to answer a question about his favorite book this year: “‘Moonglow’ by Michael Chabon.” Bam, that didn’t take long. But it’s why amid a Trump- and-terrorism-centric moment, I asked busy and smart journalists to go high when so many others […]

How long ago it seems — that post-referendum panic in the UK stock market. The pound plunged and the crowd ran into “safe havens” in the form of government debt, ditching those risky, tricky shares. On July 13, this column pointed out the folly of this strategy. At that moment, buying and holding the UK government’s 10-year bond guaranteed an annual return of just 0.9 per cent. […]

RAK National Hotels, a subsidiary of RAK Hospitality Holding, and Hilton Worldwide have announced that Hilton’s first mid-market hotel in Ras Al Khaimah is scheduled to open by the second quarter of 2017. The announcement was confirmed ahead of the 2016 Ras Al Khaimah Finance and Investment Forum, which took place this week. Hilton Garden Inn Ras Al Khaimah is to be located on the site of […]

From the Panama Papers to the impeachments of presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption watchdog, who expressed […]

23 December 2016 The Roads and Transport Authority – Nashwan Attaa’ee: RTA’s Rail Agency has added six fare collection gates to the Business Bay Metro Station, thus raising the number of entry gates at the station from 4 to 10. The step has been taken in response to the growing footfall at the station, which is in line with the sustained growth in demand for the metro […]

Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US housing bubble, striking deals before the Trump administration takes power. The deals came as federal prosecutors announced they were suing Barclays and two of its executives over the issue of allegedly fraudulent residential mortgage-backed securities. The suit followed the breakdown of talks […]

By Karen Freifeld and Arno Schuetze | NEW YORK/FRANKFURT NEW YORK/FRANKFURT Deutsche Bank (DBKGn.DE) has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank’s Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was […]

Europe’s Airbus signed a firm contract on Thursday to sell 100 jets to IranAir, completing a return by Western plane giants and paving the way for deliveries to start next month, a year after sanctions against Iran were lifted. The deal took weeks of shuttling between Airbus headquarters in Toulouse, France, and Tehran, complicated by a shortage of expert legal advice as Iran completes its biggest commercial […]

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