By Christopher Johnson | LONDON LONDON Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles. Brent crude was up 50 cents at $57.30 a barrel by 1115 GMT (6:15 a.m. ET) after settling up $1.22 in the previous session. U.S. light crude gained 30 cents to $54.18 after climbing by […]
Grab has announced plans to invest US$700 million in Indonesia over the next four years, as part of efforts to increase its footprint in a market where it has seen growth. The Southeast Asian ride-sharing operator said Thursday the new investment would support the Indonesian government’s ambition of becoming the region’s largest digital economy by 2020. It would include plans to set up a research and development […]
ROME World food prices rose to a near two-year high in January, driven by surges in sugar quotations and export prices for cereals and vegetable oils, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 173.8 points in January, versus a revised 170.2 […]
UAE national carrier Etihad Airways and German airline Lufthansa have announced a “deep and wide” partnership that includes codesharing, catering and aircraft maintenance. Etihad’s outgoing CEO James Hogan described the deal as “the most significant non-equity partnership with an airline that we have announced”. It marks a shift away from equity investments towards operations collaborations at a time when Etihad is reviewing the equity partnerships with an […]
This worldview borrows from the “clash of civilizations” thesis of the political scientist Samuel P. Huntington, and combines straightforward warnings about extremist violence with broad-brush critiques of Islam. It sometimes conflates terrorist groups like Al Qaeda and the Islamic State with largely nonviolent groups such as the Muslim Brotherhood and its offshoots and, at times, with the 1.7 billion Muslims around the world. In its more extreme […]
Almost a decade on from the financial crisis, a global deadline for reform of the $544tn derivatives market has triggered a last-minute scramble by hundreds of small banks, insurers and pension funds. Many of these institutions use bespoke derivatives such as swaps to protect their operations from sudden changes in asset prices. In a month’s time they face higher costs and regulatory burdens. Plenty are not ready. […]
Designs have been unveiled for largest tertiary children’s hospital, the largest hospital of its kind in the world, which is to be built in Kuwait. Design firm SSH was appointed by Kuwait’s Ministry of Health and Ministry of Public Works last year, with the project being undertaken by SSH in association with global architects HKS and engineering firm WSP. The hospital will feature a total of 792 […]
ABU DHABI: The UAE’s top diplomat on Wednesday came out in defense of President Donald Trump’s order temporarily barring citizens from seven Muslim-majority countries from entering the US.Sheikh Abdullah bin Zayed Al-Nahyan, UAE foreign minister, said the US was within its rights to take what he said was a “sovereign decision” concerning immigration.Sheikh Abdullah also voiced faith in the American administration’s assurances that the move was not […]
SYDNEY U.S. President Donald Trump said on Thursday he will review a “dumb deal” to take hundreds of Australian asylum seekers after the Washington Post reported he had angrily berated Australia’s prime minister and abruptly ended a tense telephone call. Australian Prime Minister Malcolm Turnbull told reporters the call on Saturday had been frank and candid but refused to provide further details on a “private” conversation that […]
TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump’s policies have markets on edge. “With many of […]
A law clerk from Toronto and a paralegal in Montreal commanded a prolific corporate empire of nearly 200 companies over the past 25 years — while knowing nothing about the businesses or the multimillion-dollar deals bearing their names, they say. Karen McIntyre of Toronto and Annette Laroche of the Montreal area both say they filed company tax returns without any idea if the numbers were accurate, signed […]
Dubai, United Arab Emirates – February 2nd 2017: In an official announcement, Mohammed Bin Rashid School of Government (MBRSG) has confirmed the launch of the UAE Public Policy Forum next month, to be hosted under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Taking place on March 12th and 13th 2017 under the theme of […]
UAE to explore areas of cooperation on smart applications and advanced healthcare systems UAE, February 1, 2017 H.E. Abdul Rahman Mohammed Al Owais, UAE Minister of Health & Prevention has met with a number of representatives from international healthcare companies and specialty hospitals on the sidelines of the Arab Health Exhibition and Congress, the latest edition of the Middle East’s largest healthcare exhibition and medical congress, which […]
The UAE’s non-oil foreign trade totalled AED1.172 trillion ($320 billion) for the first nine months of 2016, up by 0.1 percent on the same period in the previous year. Preliminary data of the Federal Customs Authority (FCA) indicated that the share of imports in the UAE’s total non-oil trade amounted to AED721.2 billion, a rise of 1 percent. Native gold and semi-processed gold topped the list of […]
After yesterday US officials reported that Iran conducted a nuclear ballistic missile test on Sunday, which some claimed would be another violation of the UN resolution and Obama’s nuclear deal, on Wednesday Iran’s defense minister admitted that the Islamic Republic had indeed tested a new missile, but added the test did not breach Tehran’s nuclear accord with world powers or a U.N. Security Council resolution endorsing the […]
Telling the opposition not to ‘mislead’ Malaysians, the BN’s strategic communications team says pump prices are based on the prices of refined oil, not crude oil. KUALA LUMPUR: The price of petrol has gone up because the price of refined petrol has increased, even though crude oil prices have dropped. In refuting allegations by the opposition, the Barisan Nasional Strategic Communications Team said today Malaysians used refined […]
Significant Engagement Gaps Found in Key Areas, Including Mentorship, Appreciation, and Cooperation with Colleagues 01 February 2017 Dubai — Many companies in the region are engaging women in senior leadership positions as a key priority, particularly following the revelation that, on a global level, companies are failing their senior-level women. Roughly three-quarters of those surveyed generated lower levels of employee engagement among female senior managers than among […]
By Naomi Tajitsu and Maki Shiraki | YOKOHAMA, Japan YOKOHAMA, Japan Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars. The move will also trim Nissan’s costs. Nissan’s battery-electric Leaf, the industry’s first mass-market, all-electric car launched in 2010, is the […]
The oil industry is zeroing in on a prospective tax shift in Washington that has the potential to upend energy flows around the world. The “border adjustment tax” (BAT) put forth by Republican lawmakers and embraced sporadically by President Donald Trump would radically change the way companies are levied, taxing imports and exempting exports in the world’s biggest economy. While the Trump administration’s stance on BAT has […]
Logitech Spotlight, the name of Logitech’s new presentation remote, looks a lot like the original Apple TV remote. Its metal housing with curved edges fits comfortably in the palm of your hand. Buttons are sparse, with Spotlight having just three. The bottom of the remote is removable, revealing a USB dongle that automatically connects Spotlight to your computer. Alternatively, you can link Spotlight directly to your computer’s […]
Apple Chief Executive Tim Cook says India’s move to replace its largest-denomination bank notes with newly designed ones has presented a challenge in India, but the tech giant is still bullish on sales growth in the South Asian nation. Speaking on a call with analysts Tuesday after Apple announced last quarter results, Mr. Cook said “despite the demonetization move in India that created lots of economic pressure there last […]
If you’re going on safari, but don’t fancy roughing it, DesignQ’s latest concept plane may take your fancy. The design shop developed the ‘Explorer’ aircraft for BAE Systems (the global defence, security and aerospace company). It is the first of four concepts that will be released throughout 2017, all aimed at exploring the possibilities for the Avro Business Jet. The spacious layout includes a unique outdoor deck […]
By Jeffrey Dastin | SAN FRANCISCO SAN FRANCISCO Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc. The world’s biggest online retailer has agreed to a 50-year lease for about 900 acres of property from Cincinnati/Northern […]
01 February 2017 Abu Dhabi – The Integrated Transport Center (ITC) in Abu Dhabi announced that it has installed 30 Variable Message Signs (VMS) out of 41. The project that cost AED 70 million includes the installation of other field boards and devices, central control system and will cover operations and maintenance for 3 years. Eng. Salah Al Marzouqi, Integrated Intelligent Transport Systems Division (IITS) Director, said […]
