Index provider FTSE Russell is to consult with stakeholders about including Snap in its widely followed Russell indices, amid investor worries about lack of shareholder rights at the newly listed messaging app provider. The consultation, to be officially launched in the coming days, is the latest sign of growing interest among “passive” fund managers in the corporate governance of the companies their index-tracking model obliges them to […]
Since its founding in 1857, The Atlantic has been a fundamentally American magazine. It was launched by leading lights of American literature: Ralph Waldo Emerson, Henry Wadsworth Longfellow and Oliver Wendell Holmes. Nathaniel Hawthorne reported for the magazine from Civil War battlefields. President Abraham Lincoln once said that a favorable article in the magazine could save him seven or eight battles in the Civil War. But soon, […]
For Truecaller, an app that offers real-time caller ID and spam protection, the past two years have been nothing short of a rollercoaster ride. On one hand, the eight-year-old service continues to grow strongly in developing markets, and has also chalked out plans to attract people globally. On the other hand, several features that made Truecaller so popular are now shipping out of the box with iPhone […]
“The new tax rate will bring Saudi Aramco in line with international benchmarks,” Saudi Aramco’s chief executive officer, Amin H. Nasser, said in a statement. Continue reading the main story The tax cut was announced a couple of months after intensive discussions with international bankers in Riyadh about how the offering should be structured. Bankers and independent specialists said the cut would help increase the cash flow […]
HONG KONG Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm and is scouting for more potential buyers for most […]
ABU DHABI // Two teams of UAE researchers are among the first to receive grants from a total of Dh45 million being awarded by the British government in the Arabian Gulf to tackle global challenges. Researchers at Masdar Institute of Science and Technology and Khalifa University are each receiving Dh1.8m for work on sustainability, in desalination and algae control. Eight grants are being given. Clare Grundy, deputy […]
By David Brunnstrom | WASHINGTON WASHINGTON China appears to have largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea and can now deploy combat planes and other military hardware there at any time, a U.S. think tank said on Monday. The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Centre for Strategic and International Studies, said the work […]
By Idrees Ali and Phil Stewart | WASHINGTON WASHINGTON North Korea has carried out another test of a rocket engine that U.S. officials believe could be part of its programme to develop an intercontinental ballistic missile, officials told Reuters on Monday. The latest test follows one earlier this month, and is another sign of Pyongyang’s advancing weapons programme. It comes amid mounting U.S. concerns about additional missile […]
27 March 2017 Minor Hotels (MH), a hotel owner, operator and investor, currently with a portfolio of 155 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, has announced the signing of a management agreement for a new AVANI property in the United Arab Emirates – AVANI Al Marjan Island Ras Al Khaimah Resort. Al Marjan […]
European governments and related organisations have ramped up their sales of new debt this year, in the latest sign of bond markets bracing for rises in interest rates and an increase in political risks. Overall borrowing from eurozone sovereigns, local authorities, agencies and supranationals such as the European Investment Bank is currently at €210bn — the highest year-to-date amount since 2012, Dealogic data show, and the second-highest […]
“Moving Forward in Perpetual Motion” – Rezidor’s all digital Annual Report is out now BRUSSELS, Belgium, March 27, 2017 The Rezidor Hotel Group (www.Rezidor.com ), one of the world’s most dynamic hotels has published its Annual Report 2016. Themed “Moving Forward in Perpetual Motion,” this year’s annual report is fully digital (https://AnnualReport2016.Rezidor.com ). The Annual Report also contains the Corporate Presentation and the Responsible Business report 2016. […]
ABU DHABI // The UAE has contributed Dh200 million to the Interpol Foundation for a Safer World, supporting seven projects fighting global crime and terrorism over five years. Announced ahead of the Unity for Security Forum in Abu Dhabi, which starts on Tuesday, the money will help to fund collaborations and training in Interpol’s 190 member states. “Building relations with relevant institutions in the fight against crime […]
March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]
By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
The recent report on Arctic sea ice levels underlines the grave impact of global warming on marine creatures that depend on the polar ice cap for survival. Rising temperatures in the far north give way to a rapidly reducing ice cover, and when the sea ice is threatened, so is the phytoplankton it sustains. Shrinking sea ice means the microscopic algae have less and less room to grow, and […]
Manama, 27 March 2017 Kanoo Paint Centre, a total solutions provider for all automotive paint industry requirements, received the 2016 Best Distributor Award from Aik Moh Paints and Chemicals, a leading chemicals distributor and service provider in Asia headquartered in Singapore, during a ceremony at the Ebrahim K. Kanoo head office. Aik Moh Group Chairman, Beo Tan presented the award to Ebrahim K. Kanoo Director of Corporate Services, […]
JERUSALEM Israel on Monday urged citizens vacationing in Egypt’s Sinai peninsula to leave immediately, saying the threat of attacks inspired by Islamic State and other jihadi groups was high. The advisory was issued ahead of the Passover holiday, when thousands of Israelis cross the land border with Egypt to visit resorts and beaches on the Sinai’s Red Sea coast. Israel’s Anti-Terrorism Directorate said its “Level 1” alert […]
Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]
The global aviation map is about to shift in a way we’ve not seen in three decades. Source link
ABU DHABI // Significantly hotter summers with more sandstorms, higher humidity and more rain that could trigger flash-flooding are among the potential effects of climate change on the UAE. UAE Climate Change Risks and Resilience, a report published on Monday by Emirates Wildlife Society-WWF, suggests there could be an increase up to 3°C in temperatures during summer months and a 10 per cent humidity increase by […]
By Ron Bousso and Ernest Scheyder | LONDON/HOUSTON LONDON/HOUSTON Royal Dutch Shell Plc (RDSa.L) and Anadarko Petroleum Corp (APC.N) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace […]
The buzz phrase on the ground at Fashion Forward this season was that of ‘see now, buy now’. To debate the finer points of the trend, which allows customers to purchase collections straight after they debut on the runway, FFWD staged a panel discussion during its three-day stint at Dubai Design District, which ended on Saturday. Sharing their thoughts with a packed room of press, buyers and […]
China has eclipsed Singapore as the biggest source of investment in Malaysian real estate, as soaring domestic property prices push mainland investors to hunt for bargains abroad. Chinese groups have invested more than $2.1bn in Malaysian real estate over the past three years, compared with $985m invested by Singaporean companies between 2014 and 2016, according to figures from Real Capital Analytics based on completed transactions of $10m […]
The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]
