Red Baraat’s oft-touted boast as “the best party band in years” – a quote from America’s National Public Radio they are so proud of it is part of their website display name – was under no threat when they kicked off a multi-emirate UAE tour in Abu Dhabi on Friday (February 17). The eight-piece Brooklyn troupe opened the second day of Barzakh Festival, a two-day celebration of […]
18 February 2017 Abu Dhabi – NIMR Automotive, a subsidiary of Emirates Defence Industries Company (EDIC), the UAE’s integrated defence manufacturing and services platform is showcasing its new JAIS 6×6 military vehicle at the International Defense Exhibition and Conference (IDEX), demonstrating Abu Dhabi’s growing capabilities in military manufacturing. “This vehicle is a major milestone for NIMR as we grow our production, expand our product range and break into new […]
US President Donald Trump’s two sons Eric and Donald Jr attended the launch of The Trump International Golf Club in Dubai on Saturday. In celebration of the opening of the Trump International Golf Club Dubai at Damac Hills, Damac Properties said in a statement that it led a golf course tour, with guests of honour including the Trump brothers. Hussain Sajwani, chairman, Damac Properties, said: “It is […]
By John Irish and Andrea Shalal | MUNICH MUNICH Germany, France, Russia and Ukraine agreed on Saturday to use their influence to implement a ceasefire and the withdrawal of heavy weapons from Monday in eastern Ukraine. Fighting has recently escalated between Ukrainian forces and Russian-backed separatists in the region, refocusing global attention on a simmering conflict that has strained relations between Russia and the West. “On Feb. […]
DUBAI U.S. President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inauguration. Speaking on a stage in front of the clubhouse at the Trump International Golf Club Dubai, Donald Trump Jr. praised the development of the United Arab Emirates (UAE), […]
Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
There are a range of jobs being spun up with Microsoft Azure instances, many with attractive salaries. The Azure-related position for which companies are paying the most is that of enterprise architect. Photo: HubSpot In the United States, companies report allocating $125,000 a year for their Azure architects, on average. Developers and sales and marketing specialists adept in Azure, Microsoft’s cloud-based infrastructure offering, follow at $100,000 a […]
MOSCOW President Vladimir Putin ordered Russian authorities on Saturday to temporarily recognise civil registration documents issued in separatist-held areas of eastern Ukraine, a decision strongly criticised by Ukraine’s president. The decision will enable people from the conflict-hit region to travel, work or study in Russia. According to Putin’s order, published on the Kremlin website, Russia will temporarily recognise identity documents, diplomas, birth and marriage certificates and vehicle […]
By Michelle Price / ReutersHONG KONG — Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory’s government has been rattled by last year’s Panama Papers scandal, which showed that Hong Kong […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
By Thomas Escritt | SPIJKENISSE SPIJKENISSE Geert Wilders launched his election campaign on Saturday, promising to crack down on “Moroccan scum” he said were making the streets unsafe and urging the Dutch to “regain” their country with a vote for his anti-Muslim, anti-EU Freedom Party. Wilders was surrounded by police and security guards during a walkabout in his party’s stronghold of Spijkenisse, part of the ethnically diverse […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
Sign up to receive Authers’ Note daily by email here Donald Trump has been remarkably consistent in his first month in office. As he reminded everyone at his press conference on Thursday, he has done what he said he would do. But on the same day came one clear-cut instance where he has changed his mind — on the stock market. This is what he tweeted on Thursday. […]
Oman Air has revealed that a fake Twitter account has been set up in its named in an effort to damage its image and reputation. The national carrier said in a statement that a video clip posted by a citizen aimed at damaging Oman Air has encouraged further similar activities, including the Twitter account. It said any information or communication coming from the account, @omanairline, is “unauthorised […]
Submitted by Matthew Continetti via FreeBeacon.com, How bureaucrats are fighting the voters for control of our country Donald Trump was elected president last November by winning 306 electoral votes. He pledged to “drain the swamp” in Washington, D.C., to overturn the system of politics that had left the nation’s capital and major financial and tech centers flourishing but large swaths of the country mired in stagnation and […]
Soundtrack Your Brand (SYB), the brainchild of an ex-Spotify executive and the quickest growing background music company, has raised $22 million in a round of funding. The round was led by UK’s Balderton Capital and Industrifonden, which is a Nordic venture capital fund. The funding, SYB revealed will be used for the business’ worldwide expansion, as well as improving the service. The company intends to use the […]
Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]
Donald Trump has been consistent in his first month in office. As he reminded us at his press conference on Thursday, he has done what he said he would do. But one issue he has changed his mind — on the stock market. On Thursday he tweeted: “Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before […]
The average annual rent for an apartment in Dubai fell to AED114,000 ($31,000) in January, down 3 percent from the previous month, according to a new report. Real estate website Bayut also said average rents in neighbouring Abu Dhabi rose by 3 percent to AED120,000. During January, Bayut said average rental yield for all apartment types in Dubai topped out at 5.72 percent, but yields in individual […]
Nearly three-quarters of all economic crime committed in the Middle East during the past two years was committed by company employees, according to PwC’s Global Economic Crime Survey. Survey results showed that despite the region’s efforts to combat economic crime, there has been no clear indication that levels in the Middle East or globally have decreased. Economic crime remains as tough to tackle as it’s ever been, […]
Since Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
By Thomas Escritt | AMSTERDAM AMSTERDAM Geert Wilders kicks off his election campaign on Saturday, promising to ban Muslim immigration and close all the mosques in the Netherlands, hoping a global upsurge in populism will propel him to power. Security will be tight at the launch as the politician – who has lived in hiding since the 2004 murder by an Islamist of Dutch filmmaker Theo van […]
DUBAI // Robots from around the world have been submitted to the UAE Awards for Good to encourage youth to pursue science, technology, engineering and mathematics in ways they have not considered before. Forty drones and robots were selected from more than 1,300 submissions for a chance to win US$1 million. Although not in the running for the prize, Saif Al Hammadi, 16, was inspired by the […]
