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Dubai, 26 January 2017  Dentons advised Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of US$150 million trust certificates (Sukuk) due 2020, which completed on 24 January 2017. In addition to being AFC’s maiden Sukuk issuance, the transaction represented the first Sukuk to be issued by an African supranational entity. The Sukuk were offered to international investors […]

This year’s result­s highli­ght the connec­tion betwee­n corrup­tion and inequa­lity The writer served as Executive Editor of The Express Tribune from 2009 to 2014 Revelations of tax-evasion and money-laundering networks on a global scale in the so-called Panama Papers helped make the world appear more corrupt last year, according to graft watchdog Transparency International. The Berlin-based organisation said there were more falling scores than rising ones on […]

Mark Zuckerberg, Facebook founder, has become one of the first chief executives to openly challenge President Donald Trump, criticising an executive order that pledges “extreme vetting” of immigrants and a ban on Syrian refugees. Responding to the order on Facebook, Mr Zuckerberg wrote that the US should be proud to be a nation of immigrants and focus on excluding only people who actually pose a threat. He […]

Europol praised international cooperation for having a big role in taking down the cybercriminals. Image: iStock Five members of an international organised cybercrime group have been arrested and three of them convicted so far as a result of a investigation by law enforcement agencies from Europe and Asia. The group used a variety of different cyberattacks to infect ATMs and force them to dispense money. Tactics included […]

The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]

Home Appliance & Air Solutions and Home Entertainment Divisions Post Highest Ever Operating Profits in 2016 Saudi Arabia – 26 January 2017 LG Electronics Inc. (LG) today announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG reported revenues of KRW 55.37 […]

In The Art of the Deal, Donald Trump described hyperbole as an “innocent form of exaggeration” that was a “very effective form of promotion”. In an interview with ABC News on Wednesday, the US president stretched this definition to the limit with his claim that he would make relations with Mexico “better than ever”, despite his demand that the country pays billions of dollars for a border […]

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Investors sought US technology shares this week, underlining the degree to which money managers are broadening their search for sectors that should benefit from a pick-up in spending by corporate America. There were inflows of almost $900m in the week to January 25 into funds invested in technology stocks, according to flows tracked by EPFR. “We think that there is going to be a more meaningful capital […]

Submitted by Brandon Smith via Alt-Market.com, In my last two articles, ‘How Globalists Predict Your Behavior’ and ‘How To Predict The Behavior Of Globalists’, I explained the base fundamentals behind a concept with which most people are unfamiliar. They are so unfamiliar with it, in fact, that I didn’t bother to name it. In this article I hope to explain it, but I highly recommend people read […]

Masdar, Abu Dhabi’s renewable energy company, is inviting selected industry specialists to develop the next phase of the driverless vehicle transit network serving Masdar City. The competition is seeking viable mobility solutions that respect the economic, social and environmental pillars of sustainability on which Masdar City is based, a statement said. Emissions-free vehicular transport within Masdar City has, since November 2010, been provided by a pilot driverless […]

Dubai, UAE, 26 January 2017  Al Fajer Emergency Medical Services (Al Fajer EMS), the UAE’s first non-hospital training centre for medical professionals accredited by the American Heart Association, is participating at the upcoming Arab Health 2017 exhibition which will be held from January 30 to February 2, 2017 at the Dubai International Convention and Exhibition Centre. Al Fajer EMS has partnered with the global leader in the design and […]

Video Bana al-Abed Pens Letter on Syrian Refugees to Trump Bana al-Abed, a 7-year-old Syrian girl whose Twitter account helped bring the world’s attention to the plight of citizens in besieged Aleppo, asked President Donald J. Trump to provide aide for Syrian refugees. By MEGAN SPECIA on Publish Date January 26, 2017. Photo by Twitter/AlabedBana. Watch in Times Video » “You must do something for the children […]

Baghdad, Iraq; January 26, 2017 GE has further strengthened its collaborations in Iraq to support the country’s power infrastructure, and to meet the growing need for electricity from people and industry. GE signed agreements that will add over 2 gigawatts (GW) of power, and secure the delivery of ~1.75 GW of existing power to the national grid, to strengthen the nation’s power infrastructure. GE will set up […]

The weak economic environment will continue to weigh on the financial profiles of banks in GCC countries in 2017 and 2018, according to S&P Global Ratings. In a new report, the ratings agency said it believes the three key risks are a difficult operating environment, a higher cost of risk, and lower liquidity. However, it added that most GCC banks have built sufficient capital buffers to remain […]

By Steve Holland and Elizabeth Piper | WASHINGTON WASHINGTON U.S. President Donald Trump and British Prime Minister Theresa May, who share an unusual bond as the products of anti-establishment uprisings, will sit down on Friday for what could be a difficult search for unity on NATO, Russia and trade. The meeting will mark Trump’s first with a foreign leader since taking power a week ago, and it […]

Donald Trump will wade into the most contentious foreign policy issue of his tumultuous young presidency on Saturday, when he speaks to Russian President Vladimir Putin as he considers whether to lift Obama-era sanctions against the Kremlin. The call to Mr Putin, scheduled the same day as Mr Trump’s first White House calls with the leaders of Germany and France, will be his first chance to make […]

Submitted by Michael Snyder via The Economic Collapse blog, The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt.  On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars.    Is […]

By Thomas Escritt | THE HAGUE THE HAGUE African countries are considering a co-ordinated withdrawal from the International Criminal Court if it is not reformed to address what they see as its bias against the continent, according to a document seen by Reuters. Almost a third of the ICC’s 124 members are African, and a withdrawal by a large number of them would cripple a court that […]

Agreement allows healthcare organisations registered within the DHCA to operate inside the DIFC Partnership is in line with government’s wellbeing initiatives to broaden healthcare provision and access across the Emirate Move will continue to increase the international attractiveness and competitiveness of the DIFC community Dubai-UAE: 27 January 2017  Dubai International Financial Centre (DIFC) Authority, the entity overseeing the largest financial centre in the Middle East, Africa and […]

US tech firm Apple has been named the brand that has the closest emotional bond with UAE citizens and residents. According to MBLM’s second UAE Brand Intimacy 2017 Report, Applie retained its position at the top for the second year in a row, followed by car brands BMW and Ford. The top 10 is rounded out by Lexus, Audi, Google, Mercedes, Louis Vuitton, Hilton and Nescafé. According […]

The world is still “grossly underprepared” for infectious disease outbreaks, which are likely to occur more frequently in the following decades, according to an international team of experts. The reviewed reports on recent Ebola outbreak in West Africa showed that being better prepared and responding in a more coordinated manner could have prevented 11,000 deaths due to Ebola. In August 2014, the WHO declared the Ebola outbreak a Public […]

ABU DHABI // A group of 30 Harvard University students visited this country last week to learn about the country’s best practices in government innovation. The objective of the Emirates Leadership Initiative, funded by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, was to help support capacity building of future Arab leaders. Every year, 10 Arabs, also […]

Donald Trump’s first week as US president has re-energised Wall Street bulls while sharpening concern about the risk of higher inflation and trade protectionism. The sense of fatigue that hung over much of January has been replaced by renewed enthusiasm for equities, as investors sent the S&P 500 to fresh highs and the Dow Jones Industrial Average finally broke above the 20,000 threshold. As the billionaire took […]

PARIS Britain is becoming subservient to a United States that will be extremely difficult to cooperate with judging by President Donald Trump’s “serious and worrying” first acts, French presidential candidate Emmanuel Macron said on Friday. British Prime Minister Theresa May, who will hold talks with Trump later on Friday, wants a renewal of the “special relationship” between London and Washington at a time her conservative government redraws […]

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