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Shortly after breaking the Panama Papers, an international exclusive that shed light on illegal offshore banking around the globe, the International Consortium of Investigative Journalists should have been riding high. Instead, the scrappy cross-border investigative team was facing the dreary prospect of laying staffers off due to a financial squeeze at its parent organization, the Center for Public Integrity. “I did feel a little deflated,” said Gerard […]

Schon Properties transferred 2.33 million square feet of development at Dubai Lagoon to Xanadu Real Estate Development LLC, it was announced today. The move is part of the overall development of the Dh7 billion master-planned mixed-use project. The agreement involves the development of three phases of Dubai Lagoon, including Rowan, Lilly and, Winterberry developments. Dubai Lagoon will now be developed by Xanadu Real Estate Development, a Dubai-based […]

· The 50 million man-hours spans three years, during which McDermott has installed over 80,000 tonnes of steel and laid over 200 km of pipeline 01 March 2017 Dubai – Leading EPCI contractor McDermott International, Inc. (NYSE:MDR), today announced it reached 50 million man-hours without a lost time incident in its Middle East Area. “Everyone at McDermott had a part to play in reaching the 50 million man-hour […]

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, on Tuesday visits the Dubai International Boat Show on Tuesday, at the Dubai International Marine Club. Wam Sheikh Hamdan tours the Dubai International Boat Show on Tuesday where about 350 exhibitors from 27 countries, including those from the UAE, are showcasing everything from super yachts and speed boats to jet skis and quad skis. Wam Sheikh Hamdan visits the […]

Stocks pared gains and the US dollar initially eased as President Donald Trump’s first address to Congress failed to provide the policy details that markets wanted — and analysts let rip with their disappointment. “We needed him to be a leader. We needed him to give us direction. That is where he let investors down this evening,” said Paul Christopher, head global market strategist for Wells Fargo […]

By Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump on Tuesday reaffirmed support for the United States’ longstanding security alliances around the world but insisted that friends and partners from Europe to the Middle East to the Pacific must “pay their fair share of the cost.” In his first nationally televised speech to Congress since taking office on January 20, Trump sought to reassure allies still uneasy […]

A new contract for future Olympic Games hosts that makes the protection of human rights a core requirement earned praise from rights groups on Tuesday who say preparations of major sports events lead to rights violations. The International Olympic Committee has now made a specific reference to the protection of human rights in its revised host city contract, sent out to the 2024 summer Olympic bid cities, […]

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King Salman’s extravagant travel arrangements have captured the public imagination ahead of the Saudi monarch’s high-profile visit to Indonesia beginning Wednesday, but billions of dollars in oil and other investment deals are also at stake. The trade deals could be worth as much as $25 billion, including a $6 billion project between the two nation’s oil companies, according to Indonesian officials who briefed reporters on the scheduled […]

People started a staggering 84 percent of all wildfires in the United States, a new study reveals. In the comprehensive, first-of-its-kind analysis of wildfire data over a 20-year period, the remaining 16 percent of fires started naturally or via lightning. Human-Ignited Fires In Focus University of Massachusetts professor Bethany Bradley and her coauthors probed 1.5 million wildfires occurring from 1992 to 2012, findings that human-induced fire season […]

ABU DHABI // Schools for children with learning difficulties are not fit for purpose as they do not have the expertise or resources required, a specialist teacher has said. Abu Dhabi Education Council schools have introduced resource centres for children with difficulties, but parents have complained that they “lump together” special needs pupils with those with learning difficulties. “This is a global misconception that children with learning […]

28 February 2017 A host of local and international experts discussed the requirements needed for the UAE to successfully establish a Reproduction Rights Organisation (RRO), during the second day of the Emirates Reproduction Rights Forum, which took place yesterday (Tuesday) in Sharjah. Hosted at the emirate’s Flag Island, the concluding activities in the first forum of its kind in the region featured experts on reproduction rights who […]

By Steve Holland | WASHINGTON WASHINGTON After a turbulent start to his presidency, Donald Trump goes before the U.S. Congress on Tuesday night to give a speech that will be closely watched for details of his plans for the economy and whether he can strike a more conciliatory tone. World financial markets will be scrutinizing the 9 p.m. (0200 GMT Wednesday) address in the House of Representatives […]

By Richa Naidu and Nandita Bose Target Corp (TGT.N) shares plunged on Tuesday after executives issued a full-year profit forecast that fell well below analyst estimates and said the retailer would lower prices to compete with deep-discounting rivals. Target at its investor day conference vowed aggressive promotions and said new brands and investments in technology and small stores will allow it to eventually win back market share. […]

Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]

The American ambassador, Nikki R. Haley, accused Russia of putting “its friends in the Assad regime” before global security. Continue reading the main story “It’s a sad day for the Security Council when member states make excuses for other members killing their own people,” she said in the council chambers after the vote. The resolution, proposed by Britain and France months ago and endorsed by the United […]

With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]

Tuesday 12:30 GMT Overview Global stocks are finishing a positive month on a mixed note as traders appear cautious about making fresh bold bets ahead of Donald Trump’s speech to a joint sitting of the US Congress later on Tuesday. The dollar is fairly steady, while gains for perceived haven assets such as Treasuries and the Japanese yen speak to the underlying tentative tone. Hot topic The […]

BEIJING China’s Foreign Ministry on Tuesday said it hoped U.S. defence spending would be beneficial to maintaining global peace and stability, after the White House proposed a 10 percent increase in military spending. The proposed rise in the Pentagon budget to $603 billion comes as the United States has wound down major wars in Iraq and Afghanistan and remains the world’s strongest military power. An official familiar […]

By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged […]

“Since I was a child I wanted to be a part of the world of glamour, not at the forefront but behind the scenes. I wanted to create glamour, make people feel beautiful.” This was the career goal of Pakistani designer Maheen Karim, who has successfully carved out a name for herself in the field of formal wear, traditional and non-traditional. The Karachi designer trained at Central […]

Kim Smith was not given terms and conditions when her employer offered her a fitness tracker last year. The 27-year-old, who holds a junior position in a big media company, entered data such as how much water she drank and her weight on the GPS-enabled device. The number of steps she — and her colleagues who joined the programme — took each day were recorded on a […]

By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged role […]

By 2019, 77 percent of businesses in Australia will have embraced the Internet of Things (IoT) in some form, according to a study by Aruba, a Hewlett Packard Enterprise company. In its latest study, The Internet of Things: Today and Tomorrow, Aruba said the remaining 13 percent of Australian organisations are currently not thinking about an IoT strategy, with approximately 8 percent of those surveyed still unclear […]

Shortly after breaking the Panama Papers, an international exclusive that shed light on illegal offshore banking around the globe, the International Consortium of Investigative Journalists should have been riding high. Instead, the scrappy cross-border investigative team was facing the dreary prospect of laying staffers off due to a financial squeeze at its parent organization, the Center for Public Integrity. “I did feel a little deflated,” said Gerard […]

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