The UAE is upskilling its population – and not only nationals. During a Federal National Council session on January 10, Minister of Human Resources and Emiratisation, Saqr Ghobash Saeed Ghobash, revealed the country is attempting to increase the number of “highly skilled” workers to 40 percent of the workforce by 2021. Currently, workers categorised in the top three skill levels, including executives and those with tertiary qualifications, […]
By Estelle Shirbon and William James | LONDON LONDON Prime Minister Theresa May will use a major speech on Brexit next week to call on Britons to reject the acrimony of last year’s referendum and unite around the vision of a Britain more open to the world, her office said on Sunday. May intends to kick off the formal process of negotiating the terms of Britain’s exit […]
DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic […]
Happy New Year! Along with the excitement and expectations each new year brings, 2017 marks a significant milestone for the Internet Society. This year, we celebrate 25 years of dedication to an open, secure Internet that benefits all people throughout the world. We all know how far the Internet has come since the early 1990’s, but today our work has never been more important. As the Internet […]
Image: Carnival The cruise industry is following the high-tech wave with the introduction of a new machine-learning wearable device for passengers that Carnival CEO Arnold Donald announced at CES 2017. A lot has been written about the move and it’s shaping up to be one of the most significant Internet of Things projects of 2017. We’ve covered it extensively on ZDNet and TechRepublic and here we’ve broken […]
In line with H.H. Sheikh Khalifa’s move declaring 2017 as ‘Year of Giving’ 15 January 2017 As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School […]
BANGKOK Thailand faces more hardship from unseasonable floods that have killed 40 people in its south, with more rain expected in the major rubber-producing and tourist region in coming days, a top disaster agency official said on Sunday. Persistent heavy rain well into what should be the dry season has triggered floods across the south, cutting road and rail links, threatening crops and affecting about 1.6 million […]
Investors in Fiat, the carmaker under investigation for violating emissions laws, have been accused of ignoring clear signs of corporate governance failings at the Italian-US business. Fiat Chrysler’s share price fell 16 per cent on Thursday immediately after the US environmental watchdog warned the company could face a fine of up to $4.6bn. It is accused of breaking emissions laws in 104,000 diesel vehicles. The US regulator […]
In a “mass layoff” event reported late last week by the Department of Labor, the Clinton Foundation announced it would lay off some 22 employees at the Clinton Global Initiative, which attained notoriety during the John Podesta leaks, when the various details of the fallout between between CGI head Doug Band and Chelsea Clinton were revealed; it also emerged that long-time Bill Clinton friend Band was soliciting […]
Yazan Mohamad Al Nasser appointed CFO bringing more than 30 years of financial experience Experience in property and retail will benefit DIFC with expansion of the district underway 14 January 2017 Dubai, UAE – Yazan Mohamad Al Nasser has been appointed as the new Chief Financial Officer for the Dubai International Financial Centre Authority, the body overseeing the leading financial centre in the Middle East, Africa and […]
The British Antarctic Survey has announced it is relocating Halley VI, a research facility that sits atop the floating Brunt Ice Shelf in Antarctica. The ice shelf happens to be moving toward the Weddell Sea at 0.4 kilometers (approximately a quarter of a mile) per year. There is a higher possibility of huge chunks of ice breaking off as icebergs. The relocation of Halley VI is to […]
‘Contemporary art is not a decoration, it is a statement. It is a wonderful seismograph of our societies and realities.” These words were part of the opening speech given last week by founder Lorenzo Rudolf at the seventh edition of Art Stage Singapore in the South-east Asian island city. Rudolf, from Switzerland, has made it his mission to champion those sentiments since 1991, when he took over […]
There is no guarantee that all will go according to plan, of course. Israel struggled for years to develop regulations to manage its newfound wealth. The international energy firms that Israel is now courting have other options in an evolving global market. And the politics of a new era, as President-elect Donald J. Trump encourages assertive Israeli action in Jerusalem and the West Bank, could kindle fresh […]
130 entries from more than 40 nations discussed the most critical solutions to mitigate climate change risks over the next decade 14 January 2017 Abu Dhabi, UAE – Masdar, Abu Dhabi’s renewable energy company, has announced the winner of its fifth annual Engage Social Media Contest. This year’s contest received 130 entries, a record level of participation in the five years of this competition, with submissions coming […]
More than 15 million people now follow Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai on social media platforms, it has been announced. The number of followers on Twitter has reached 7.2 million, while he has 3.3 million followers on Facebook, 2.1 million on Instagram and 950,000 on Google Plus, news agency WAM reported. It said Sheikh Mohammed’s followers on LinkedIn […]
By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]
Two years after departing Google, Andy Rubin is about to make headway on the smartphone industry — a field he helped push. Rubin is the creator of Android, a mobile operating system running on more than 86 percent of all mobile phones in existence as per IDC. He’s planning to merge artificial intelligence with his prowess in software engineering, and he’s doing it to produce consumer hardware. He’s […]
Moody’s has agreed to pay $864m to settle allegations that it inflated the credit ratings of subprime mortgage bonds that contributed to the 2008 financial crisis, the Department of Justice said on Friday. The settlement with the rating agency includes a $437.5m federal civil penalty to the US government — the second-largest payment of this type ever by a rating agency — and ends an investigation carried […]
Investors have returned to the world of debt in a cooling of the Trumpflation trade that pummelled bond markets and propelled equities to record highs after the US election. The shift, which has included fresh inflows to municipal, Treasury and emerging market bond funds over the past week, dovetails with a near month-long rally in haven US Treasuries and fatigue in benchmark stock indices. Municipal funds, which […]
By David Brunnstrom and Matt Spetalnick | WASHINGTON WASHINGTON The incoming U.S. administration’s tough talk against China has set the stage for showdowns on everything from security to trade and cyberspace, but contradictory signals are sowing uncertainty over how far President-elect Donald Trump is prepared to go in confronting Beijing. Highlighting the contested South China Sea as a potential flashpoint, Trump’s Secretary of State nominee Rex Tillerson […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
Nintendo has finally unveiled the official details of the Nintendo Switch, including the price tag of $299 and the global launch date of March 3. Several games for the upcoming hybrid console have also been shown, with the highly-anticipated The Legend of Zelda: Breath of the Wild announced as a launch title for the Nintendo Switch and Super Mario Odyssey revealed as the new 3D Super Mario game. Another high-profile game […]
The Middle East Smart Landscape Summit 2017 will be held on 15th and 16th May in Dubai Dubai, United Arab Emirates, January 12, 2017 Rapid population growth coupled with people across the world migrating to cities has fueled the growth rate of urban development. With rapid urbanization and diminishing natural landscapes and greenery, the need for managing urban areas and developing sustainable cities is at the core […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
